Bitwise CIO, Matt Hougan, believes there is a significant opportunity in the crypto market due to the disconnect between retail and institutional sentiments. Retail investors are skeptical, while institutional capital continues to flow into the market. The introduction of Bitcoin ETFs has attracted professional investors, and regulatory sentiment in the US has become more supportive. Retail sentiment is at a low due to the underperformance of altcoins compared to Bitcoin. Hougan believes that institutions have the correct view, considering Bitcoin's favorable supply-demand conditions. The outlook for altcoins is more nuanced, but the regulatory environment and the growth of stablecoins are positive factors. Hougan is confident that altcoins will transform in the coming years, despite the lack of immediate catalysts for a rally.



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