{"id":90699,"date":"2025-11-05T19:38:21","date_gmt":"2025-11-05T16:38:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90699"},"modified":"2025-11-05T19:40:25","modified_gmt":"2025-11-05T16:40:25","slug":"bitwise-declares-bitcoins-silent-ipo-has-begun","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitwise-declares-bitcoins-silent-ipo-has-begun\/","title":{"rendered":"Bitwise Declares Bitcoin’s ‘Silent IPO’ Has Begun"},"content":{"rendered":"

The current sideways movement of the leading cryptocurrency signals the onset of a ‘silent IPO<\/span>‘ moment for the asset, according to Matt Hougan<\/a>, Chief Investment Officer at Bitwise.\u00a0<\/p>\n

He referenced research<\/a> by macroeconomist Jordy Visser, who examined the reasons behind Bitcoin’s sluggish performance despite significant inflows into ETFs<\/a>, ‘stunning progress’ in regulation, increasing institutional demand, and more.\u00a0<\/p>\n

According to Visser’s interpretation, a ‘silent IPO’ denotes a quiet period in stock prices lasting 8-16 months, after which the price begins to rise.\u00a0<\/p>\n

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‘Sideways movement doesn’t necessarily indicate something is wrong with the company. Often, it occurs when founders and early employees cash out their holdings. Those who took a wild gamble on the startup when it was extremely risky have seen it pay off and are now enjoying 100-fold returns,’ Hougan drew a parallel with Bitcoin.\u00a0<\/p>\n<\/blockquote>\n

Hougan believes that only after achieving a certain balance of sales and purchases will the asset resume its growth. However, some market participants misinterpret the situation, panic-selling their positions.\u00a0<\/p>\n

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‘Early selling by investors doesn’t mean the end of the asset’s story. It’s just a new phase,’ emphasized the Bitwise CIO.\u00a0<\/p>\n<\/blockquote>\n

Unlike traditional companies, which need to maintain stable revenue post-IPO for healthy dynamics, Bitcoin ‘doesn’t need to prove anything,’ noted Hougan.\u00a0<\/p>\n

In his view, after the sell-off by early investors, the sole condition for the first cryptocurrency’s market capitalization to grow from $2.5 trillion to gold’s $25 trillion will be widespread adoption.<\/p>\n

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‘In the long term, Bitcoin’s decline is a stroke of luck. I see it as an opportunity to buy more coins before they start appreciating again,’ the expert added.\u00a0<\/p>\n<\/blockquote>\n

Maturation\u00a0<\/strong><\/h2>\n

As digital gold transitions from early adopters to institutional investors and evolves as a technology, its price is no longer subject to the same existential risks it faced a decade ago, Hougan pointed out.\u00a0<\/p>\n

Since the start of trading in spot Bitcoin-ETFs<\/a> in January 2014, the asset’s volatility has sharply decreased. However, this has also led to a drop in returns.\u00a0<\/p>\n

\"image\"
Source: Bitwise.\u00a0<\/figcaption><\/figure>\n

Nonetheless, lower volatility means increased security as a long-term investment.\u00a0<\/p>\n

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‘The days of 1% Bitcoin allocations [in portfolios] are over. Investors should increasingly consider 5% as a starting point,’ he concluded.\u00a0<\/p>\n<\/blockquote>\n

Experts have considered<\/a> the correction of the first cryptocurrency below $100,000<\/a> to be quite moderate in the context of the current cycle. The price drop aligns well with historical patterns.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The current sideways movement of the leading cryptocurrency signals the onset of a ‘silent IPO’ moment for the asset, according to Matt Hougan, Chief Investment Officer at Bitwise.<\/p>\n","protected":false},"author":1,"featured_media":90700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin's sideways movement signals a 'silent IPO' phase, says Bitwise CIO.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,949,1138],"class_list":["post-90699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-bitwise","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"210","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin's sideways movement signals a 'silent IPO' phase, says Bitwise CIO.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90699"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90699\/revisions"}],"predecessor-version":[{"id":90701,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90699\/revisions\/90701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90700"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}