What the Newsman Whispers:
In the frost‑bitten market kitchens, Bitwise’s harried chief, Matt Hougan, strolled into CoinDesk’s Markets Outlook. With a rumpled scarf the colour of a winter dusk, he proclaimed that crypto’s sorrowful tumblings have finally huddled on the brink of bottoming toward a hopeful spring in 2026.
What Hougan Loses and Finds: He insists the recent downturn refuses to loosen his long‑term, velvet‑drum vision.
- He swore that 2025 saw altcoins collapsing by more than 60%-a winter’s snowfall on unsecured pavements.
- Bitcoin, he claimed, rationed its losses by holding close to the heart of corporate and ETF furnaces.
- In his prose, “rounding bottom” is a metaphor for a dumpling of weak ETF flows and a silent, shadow retail crowd.
The Treasury of Bitcoin’s Present: Hill‑and‑sliding ahead, Houston must keep patience like a man waiting for the next sun.
- Hougan foresees Bitcoin dancing sideways between roughly $75,000 and $100,000 before the first half of the year.
- “There’s still a sea of Bitcoin for sale around $100,000,” he quipped, nudging at options‑market whispers.
- He predicts a breakout later in the year when regulations cease to be a rusted lock and macro risks cough & sup.
Silver and Gold – The Old Songs: The booming gold is like a herald of looming fiat winter, urging Bitcoin to step onto the stage of eternal quiet self‑custody.
- Hougan guesses that the gold surge echoes a global dread of currency collapse and seizure.
- Silver, according to him, is the altcoin elder, chasing late‑fringe momentum.
- In the long march, he believes these metals will shuffle demand that drags billions toward Bitcoin’s steely promise.
Central Banks – The Slow Revolving Polka: They are warm, but not yet ready to dance.
- Bitwise has invited central banks from Moscow to Nairobi onto the table.
- These banks ask security questions not how to make the money, but whether they understand the game.
- Hougan imagines the fiscal governors will someday hold Bitcoin in hand, perhaps more than gold-though the timetable stretches 10‑20 years.
The $6.5 Million Whisper: A gamble against a future of circulating debt.
- The chief repeats that Bitcoin could reach $6.5 million in 20 years if the world keeps printing devalued money.
- His line is simple: it’s not about quick adoption but the endless march of debt, printing, and devaluation.
- Bitcoin, he believes, is a refined gold, a fortress only becoming understood by sovereigns.
- He smiles: “If the future remains a shade of the last fifteen years, we’ll get there. Time is simply the companion.”
Outlook at the Horizon: Compression of volatility-is what lions of institutions fear.
- Hougan says that steady volatility becomes institutional sweet‑meat.
- He often tells fund managers that Bitcoin is now less volatile than a Nvidia chip a pile of eager investors already own.
- Bitwise expects the price swings to shrink while Bitcoin remains the fastest-growing great asset.
Final Quiet: The short sways, the long trust-like poetry in a war’s lull.
- Regulation may trigger a rapid next bull, but it is not the lifeline for crypto’s destiny.
- Even without legislative light, ETFs, stablecoins, and tokenisation will keep multiplying.
- “The fundamentals are fine,” he says. “The stars are aligning for a glorious 2026.”
See the full interview-if you’re brave enough to chase these lyrical numbers.
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2026-01-30 23:19