Bitwise CIO: Bitcoin to See Steady Gains Over Next Decade, But Unlikely to Repeat Astounding Returns

December 28th (Cointelegraph) — Bitwise Chief Investment Officer Matt Hougan stated Bitcoin may deliver relatively steady returns over the next decade but is unlikely to see parabolic price surges. Appearing on a CNBC show, Hougan noted: “I think we’re in a 10-year slowly upward-drifting bull market—strong returns, not extreme ones, more of a solid, lower-volatility performance with bumps along the way.” He also reaffirmed his prior prediction that 2026 will be a big year for Bitcoin. The forecast was first made in July this year, when Bitcoin hit an all-time high of $125,100 in October. Hougan cited “rapidly moving retail investors” as one driver of Bitcoin’s year-end downturn, noting some retail traders chose to rotate early and take profits due to their expectations around the four-year cycle.