Bitwise CEO sees crypto bear market over, says BTC could hit record high next year

Bitwise CEO Hunter Horsley said in a CNBC interview the crypto bear market has ended and Bitcoin could reach a new all-time high next year. Horsley said many sellers had already exited the market during the downturn that has continued since late last year, while institutional participation has expanded and usage and revenue at some crypto platforms have increased. He added investment access through crypto exchange-traded funds and exchange-traded products has also improved from earlier levels.