Bitwise: Cryptocurrency Will Let Big Tech Compete With Big Banks

Recent discussions have emerged regarding a significant document dump of 20,000 files released by the U.S. House Oversight Committee, which is linked to convicted sex offender Jeffrey Epstein. This release has reignited scrutiny over Epstein's connections to Bitcoin and cryptocurrency, highlighting his deep fascination with these digital assets. The implications of this document dump are still unfolding as analysts and the public seek to understand the extent of Epstein's involvement in the cryptocurrency space.

Bitwise CEO Hunter Horsley expressed a contrarian perspective on the current state of the cryptocurrency market, which has seen investor sentiment drop to a six-month low. Despite this downturn, he maintains that the long-term fundamentals of cryptocurrency remain strong.

The former CFO of a private software company has been found guilty of wire fraud, having misappropriated $35 million in company funds to support a cryptocurrency side business. The conviction was announced by the US Attorney's Office for the Western District, which issued a press release detailing the case. This incident highlights ongoing concerns regarding financial misconduct within the cryptocurrency sector.

Bitcoin (BTC) has recently dipped to around $94,000, raising concerns about a potential bear market in the cryptocurrency sector. Bitwise CEO Hunter Horsley suggested that the market has been in a bear cycle for the past six months. He noted that traditional four-year market cycles may no longer apply, especially with the introduction of Bitcoin ETFs and a pro-crypto administration. Horsley believes that a new market structure has emerged, indicating a possible shift toward a bullish phase for Bitcoin.

BitMine has appointed a new CEO as of November 14, 2025. The company currently holds approximately $11 billion worth of Ether (ETH), making it the largest Ether treasury in the cryptocurrency industry.

Market commentator Robert Ledferd recently expressed skepticism about XRP's potential as multiple ETF filings are set to go live. He suggested that if XRP fails to reach double-digit prices with such institutional interest, it may be dismissed as a 'joke' by the market. This statement raises questions about the asset's future performance amid growing institutional involvement, as firms like Bitwise, Grayscale, and Fidelity prepare to launch XRP products.

Bitcoin has fallen below the significant $100,000 mark, indicating that bearish market conditions are prevailing. The next major support level for Bitcoin is identified at $87,800.

Bitcoin has fallen below the significant $100,000 mark, indicating that bearish market conditions are prevailing. The next major support level is identified at $87,800.