Bitwise CIO managing $15 billion in crypto assets personally said this bear market is 'more exhausting than ever.' On a podcast, Matt Hougan predicted that the real peak wasn’t when Bitcoin hit its all-time high, but rather in December 2024—retail money has already dried up, and now the market is being driven by institutional slow money. This means the next bull market will be a low-volatility, slow-grind 'boring bull market.' He’s also bullish on Ethereum being undervalued and specifically named the crypto 'Big Four': BTC, ETH, SOL, LINK. Highlights from the conversation