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There's Silver Lining to This Bitcoin Correction, According to Bitwise Exec

There's Silver Lining to This Bitcoin Correction, According to Bitwise Exec
Chief investment officer at Bitwise, Matt Hougan, believes that the current market correction will be short-lived based on historical patterns. Bitcoin has typically outperformed following short-term dips, with an average increase of 189% over one year compared to 7% for gold. This comes as the US stock market experienced a significant decline after the release of a powerful model by Chinese startup DeepSeek, causing Nvidia shares to drop by over 17%. Despite this, Bitcoin has shown strength by quickly recovering and currently trading above the $100,000 level. Market observers have noted that Bitcoin has outperformed the tech-heavy Nasdaq 100 index during the recent sell-off, despite the latter having a larger market cap. Additionally, Bitcoin is just 8% away from its record high set a week prior.

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