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DeFi could lift crypto market from current bear phase: Bitwise
Bitwise Chief Investment Officer (CIO) Matt Hougan hinted that the decentralized finance (DeFi) sector could lead the crypto market out of the current bear phase, citing Aave Labs’ latest community proposal as a potential signal of good things to come. DeFi tokens could play a pivotal role in driving the next phase of the crypto market recovery, Bitwise CIO Matt Hougan wrote in a note to investors on Tuesday. Hougan argued that while bear markets often suppress investor optimism, they also create conditions where structural industry improvements can emerge unnoticed. He suggested that recent developments within ... (full story)
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