Bitwise CIO: Strategy’s Role in the Bitcoin Market Has Fundamentally Changed

Odaily Odaily Planet Daily News: Bitwise Chief Investment Officer Matt Hougan stated that Strategy’s role in the Bitcoin market has fundamentally changed. For many years, Strategy has been the world’s most core Bitcoin buyer, consistently providing bullish demand to the market. However, this phase of one-way accumulation has likely come to an end. In the future, Strategy will flexibly buy and sell Bitcoin based on market conditions but will not engage in large-scale sell-offs; existing mechanisms will not force Strategy to sell billions of dollars worth of Bitcoin annually. Once a bull market arrives, Strategy is still likely to return to a net buying position, but its influence on the Bitcoin market in the next cycle will be lower than in the previous one.