Bitcoin is expected to experience a historic rally after recent market turmoil.
According to Matt Hougan, Chief Investment Officer at Bitwise, Bitcoin has evolved into a legitimate macro asset and has a broader distribution of institutional ownership.
Hougan believes that Bitcoin's recent resilience and the fading of existential threats make it prepared for new all-time highs and beyond.
Some analysts and traders support the bullish case for Bitcoin, while others remain cautious.