🚨BITWISE CIO: MSTR/STRC TURMOIL IS “NECESSARY” END-OF-CYCLE PAIN, BOTTOM NEAR!
In his July 1 memo, Bitwise CIO Matt Hougan called the volatility in $MSTR and its $STRC shares a natural and necessary part of the cycle as excess leverage gets squeezed out.
He sees the bottom approaching and a new bull market in the fall, with institutions replacing Strategy as the main $BTC buyer.