On July 2, Bitwise Chief Investment Officer Matt Hougan stated that the role of Strategy in the Bitcoin market has undergone a fundamental change. For many years, it has been the world's most essential Bitcoin buyer, continuously providing bullish demand to the market. However, this era of one-sided accumulation is likely coming to an end. Moving forward, Strategy will flexibly buy and sell Bitcoin based on market conditions. Importantly, it will not engage in large-scale sell-offs. The existing mechanisms will not force Strategy to sell billions of dollars in Bitcoin each year; once a Bitcoin bull market arrives, Strategy is likely to return to a net buying position. However, in the next cycle, its influence on the Bitcoin market will be far less than in the previous cycle.
Bitwise CIO：比特幣市場中策略的角色已經轉變