Many terrible cryptos are trading at 'crazy valuations,' warns Bitwise CIO – Cointelegraph

Bitwise Chief Investment Officer Matt Hogan has warned investors to approach highly valued crypto projects with skepticism due to a “wealth effect” occurring in the crypto market. He noted that traders are reallocating some of their Bitcoin (BTC) to other crypto investments, causing a market-wide price increase. In recent series, Post On X, Hogan said […]