Bitwise CIO: The $6.3 billion Binance hack won’t alter Bitcoin’s long-term trajectory, but short-term ETF fund flows remain to be seen.
Original headlineBitwise CIO：币安 63 亿美元被盗不会改变比特币长期走势，但短期 ETF 资金流向待观察
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Bitwise CIO Matt Hougan said Binance's $6.3 billion hack would have bankrupted the exchange a decade ago but is now a conventional cybersecurity incident rather than a flaw in Bitcoin's blockchain, and therefore won't alter Bitcoin's long-term trajectory. Per BeInCrypto, Hougan noted the exchange's scale and resilience mean such losses no longer pose an existential threat, distinguishing exchange-level security failures from protocol-level risk. The comments came on November 2 via TechFlow. The key variable to watch is short-term flows into spot Bitcoin ETFs, which Hougan said remain uncertain and could reflect sentiment shifts even if the structural thesis is intact.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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Binance, Bitwise, Matt Hougan, Bitcoin (BTC)
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