Bitwise Asset Management's Chief Investment Officer, Matt Hougan, has predicted that the upcoming cryptocurrency market bull cycle will be the largest yet, with unprecedented growth over the next few years. Hougan believes that the major driving force behind this cycle will be a breakthrough in scalability technology, enabling crypto to go mainstream in a way that was previously impossible. This breakthrough will lead to reduced transaction costs on blockchains such as Ethereum, facilitating widespread adoption. The co-founder and CEO of Bitwise Asset Management, Hunter Horsley, also previously stated that he expected a cryptocurrency bull cycle to start in 2023. Meanwhile, cryptocurrency investment products continue to see positive growth, with total assets under management reaching a record high of $28.3 billion in February, according to CryptoCompare's latest report.
