
Bitwise CIO on What Happened and Where We Go From Here
Crypto’s Oct. 10 plunge looks more like a stress test than a regime change, Bitwise Chief Investment Officer Matt Hougan wrote in his Oct. 14 memo. Hougan links the sell-off to a late-Friday post from President Trump threatening 100% tariffs on Chinese goods; with equities shut, he wrote, traders funneled reaction into the always-open crypto…