Bitwise Chief Investment Officer, Matt Hougan joins CoinDesk’s Markets Outlook with Jennifer Sanasie and Andy Baehr. He explains why he believes 2025 was a bear market and where he sees markets going from here. Hougan breaks down why central banks are eyeing bitcoin as a superior self-custody tool to gold, Bitwise’s on-chain yield vaults, and why he’s betting on Solana as the challenger to Ethereum’s dominance. With President Trump tapping Kevin Warsh for Fed Chair, Hougan weighs in on what this means for crypto. Notably, Warsh is listed as an investor and advisor on Bitwise’s website.
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Timecodes:
0:53 – Why Are Markets Down Today?
3:13 – Precious Metals vs. Bitcoin
7:05 – Why the Crypto ETF Genie is Already Out of the Bottle
9:15 – Bitwise’s On-Chain Yield and DeFi Vaults
13:22 -What Central Banks Are Asking Bitwise About Bitcoin
17:44 – How Matt Hougan Thinks BTC Gets to $6.5 Million in 20 Years
19:15 – Beyond BTC and ETH: Matt Hougan’s Case for Altcoins
21:00 – Solana vs. Ethereum: The Battle for Wall Street
24:20 – What Impact Would Trump’s Fed Reserve Chair Nominee, Kevin Warsh, Have on Crypto?
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#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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41 Comments
Oh yeah guys were coming out of the bear market…
These Bitcoin scammers need to go to jail.
His timing on the bear market makes me question everything he says. We are not coming out of a bear market until likely end of the year. October to be more precise.
Ask him to show his retirement account holdings 😂😂😂 then we will believe 😂😂😂😂
End of a bear market? So the bear maket is only like 5 months??
Matt working hard, he's in every video on youtube lol- his optimism is contagious.
The fiat maxis will continue to fake and revise their numbers to control the narrative but Bitcoin and math DGAF.
Central banks see the writing on the wall and they know that friends don't let friends or family use Epstein's banker so…
6.5 million? Sure thing buddy and if you are currently 15 years old you stand a chance of seeing that happen in your lifetime. Lmao
Extreme copium from this guy
Trumps put his energy on his own coins instead of just backing Bitciin
If btc goes to 20k usd I'd be very happy 😀
Makes no sense to talk fantasy in middle of crash
I'm betting on that Matt 🎉🎉🎉
I agree Matt ,it's how fast it's going to happen and it will happen regardless 👍
The multi-year bid in gold and silver isn’t speculation, it’s a vote against fiat trust. Capital is quietly repositioning toward assets that can be owned, not promised.
That path naturally evolves:
Gold → self-custody concern
Silver → late-cycle momentum
Bitcoin → programmable, portable self-custody at scale
Short-term chop doesn’t invalidate the signal.
It confirms we’re in a transition phase, not an ending. Metals are stress signals.
Bitcoin is the resolution layer.
If you’re watching this through a daily price lens, it looks chaotic.
If you zoom out, the direction of travel is very clear.
All roads lead to bitcoin, bro stop drinking the Kool-Aide, get a clue. One can trade gold without transport dummy.
These crypto bros are scary dumb. Just shocked to hear their delusions. Crypto will be worth less than tulips. This guy has absolutely no clue about anything about finance.
BTC is in a bear market. It's the 4-year cycle. It is experiencing the same draw downs as past cycles. We know there will be a bottom later this year, but it has further to fall. You can either ride it all the way down, or sell and pick it up again when it bottoms out.
Bitcoin is not a store of value
Btc to 10 million 😂
Bitcoin is in theory a better investment than gold for many reasons, some of which are mentioned in this video, BUT it looks like most people are choosing gold, not Bitcoin to hedge against inflation. I know many intelligent people with money that flat out say they just "dont get it". I think this learning curve is a real problem for Bitcoin.
This isn’t about getting rich fast. Smart Broke Dumb Rich by Zor Veyl explains why the system rewards some behaviors and quietly punishes others.
I used to think people were exaggerating about this book. Then I read Smart Broke Dumb Rich by Zor Veyl myself. Now I get why it’s rarely talked about.
I picked up the book Smart Broke Dumb Rich by Zor Veyl thinking it would repeat the same advice. It didn’t. Reading it felt like someone finally explained the part everyone avoids.
I kept seeing people online talking about Smart Broke Dumb Rich by Zor Veyl—saying it felt illegal to read, like it exposed secrets no one’s supposed to know. Curiosity got the best of me, so I checked it out. Now I understand why everyone was losing their minds. Smart Broke Dumb Rich by Zor Veyl really does feel like a cheat code.
I believed the same lies everyone else did—work more, save harder, hustle until it hurts. And yet I stayed stuck: tired, broke, frustrated. Everything changed the moment I started reading Smart Broke Dumb Rich by Zor Veyl. It was like being handed a classified manual written by people who actually understand how the system works. I honestly felt like holding Smart Broke Dumb Rich by Zor Veyl could get me in trouble. It's the only thing that’s ever truly woken me up.
I didn’t grow up rich. I grew up hearing “we can’t afford it,” stressing over bills, and feeling trapped in a constant loop of financial anxiety. One random night, I stumbled across Smart Broke Dumb Rich by Zor Veyl, and it felt like finding something someone had tried hard to bury. I got mad—mad that no one had told me this earlier. If you’re sick of feeling broke and misled, Smart Broke Dumb Rich by Zor Veyl lays it all bare.
All roads lead to Bitcoin, weather it’s obvious or not. When Bitcoin is on sell from yesterday, last week/month , add to your secured holdings. Everything else has to be a current active tradable asset. Semper Fi
The whole point of crypto is to get governments and big institutions OUT OF BITCOIN AND CRYPTO. YOU HAVE COMPLETELY LOST THE PLOT IF YOU WANT THE GOVERNMENT TO BE INVOLVED IN CRYPTO.
Now, explenation changes 😂. Now 2025 was already a bullmarket 😂…. And now it is going up 😮.
Well, probably we going down first another 50%
More like $65k soon LOL.
Bitcoin is on a deeeeeeeep slide. Why? Like really. Why? Are all the narco-terrorist dark money not using the crypto pipeline.
Everyday I sit down and say "not today", and then…. it happens. I got fooled again.
What ? 😂😂😂😂😂..bitcoin to 6.5 millon..funny channel..is goin to 36 k…maybe will be 6 millon by the year 3000…jjjjjjjj..i can t wait 1000 yrs…i will not survive to see that ridyculos prediction…😂😂😂
r.e.k.t.
What the precious metals rally tells me is that they can't get enough of the increasingly deranged Trump, Bitcoin sub 80k already and still 3 more years of Trump left, …expect sub 6.5K before 6.5M
Can we find this dude and take him out for dinner ?😅
This scumbag will never tell the truth that institutions investors are dumping their etf holdings because they want idiot retail to get wrecked.
Looks like 10K next.
More like 65k right now.