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Bitwise CIO claims that four catalysts may drive the crypto market further pump.
PANews August 14 news, according to The Block, Bitwise CIO Matt Hougan stated that the current crypto market has not fully accounted for four key catalysts: more government purchases of Bitcoin, potential large interest rate cuts in the US and depreciation of the dollar, decreased Bitcoin volatility driving institutions to increase ETF allocations, and the SEC promoting the “ICO 2.0” new policy. Hougan believes these factors are expected to significantly boost market prices in the coming months.