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

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 most core buyer of Bitcoin globally, continuously providing long-side demand to the market. However, this phase of one-way accumulation has likely come to an end. Going forward, Strategy will flexibly buy and sell Bitcoin based on market conditions but will not engage in large-scale selling; existing mechanisms will not force Strategy to sell billions of dollars worth of Bitcoin annually. Once a Bitcoin bull market begins, Strategy is still likely to resume a net buying state, but its influence on the Bitcoin market in the next cycle will be less than in the previous one.