Bitwise Chief Investment Officer: Strategy’s Role in the Bitcoin Market Has Fundamentally Changed

Odaily Odaily reports that 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, consistently providing long-side 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 it will not engage in large-scale selling; existing mechanisms will not force Strategy to sell billions of dollars of Bitcoin annually. Once a Bitcoin bull market arrives, Strategy is still likely to resume net buying, but its influence on the Bitcoin market in the next cycle will be lower than in the previous one.