Here’s Why Bitwise CIO Believes Crypto Could Keep Rallying Without Congress

Bitwise CIO Matt Hougan argues that crypto can continue rallying even without new congressional legislation, as market momentum is increasingly driven by institutional adoption, favorable regulatory signals, and expanding traditional-finance access. He views legislative progress as a potential catalyst rather than a prerequisite for further gains. The implication for Bitcoin is that demand and infrastructure developments may sustain upside, though the rally remains exposed to macroeconomic conditions, regulation, and market volatility.