Bitwise CIO: Despite facing adverse conditions, the crypto market still has several favorable factors

Bitwise Chief Investment Officer Matt Hougan stated that the crypto market is facing several short-term, negative and non-cyclical headwinds: Mt. Gox, U.S. government sell-offs, etc. However, there are also multiple long-term, huge and significant tailwinds including: ETF inflows, victories in court, improvements in infrastructure and the Lindy effect (the longer a technology or idea has been around, the greater its likelihood of continuing to exist). Short-term non-cyclical headwinds are suppressing prices but they represent a positive for long-term investors.