ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan quoted U.S. Treasury Secretary Scott Bessent on social media, stating: "We will ensure that the dollar continues to be the world's dominant reserve currency, and we will achieve this through stablecoins."Hougan stated: "No matter how high your expectations are for the assets under management (AUM) of stablecoins, you are likely still underestimating their potential. If stablecoin AUM reaches trillions of dollars, the overall landscape of the crypto market will be reshaped."

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated on social media, "Over the past four weeks, the market has ignored many positive news. If the Federal Reserve shows any signs of easing, the market will see a significant rise."

ChainCatcher news, according to DL News, although Bitcoin has recently taken a hit, Bitwise Chief Investment Officer Matt Hougan stated that this drop is just a minor episode before Bitcoin's valuation skyrockets to between $1 trillion and $5 trillion.In a report on Monday, Hougan wrote: "If it weren't so volatile, it would be a footnote in history, fluctuating only below $150,000, supported only by a small group of libertarians, crypto-punks, and speculators."In short: "Bitcoin is either going to be significant globally or it will be worthless." As Hougan made this prediction, Bitcoin, other cryptocurrencies, and the broader world markets are being impacted by multiple factors including Donald Trump's escalating trade war, disappointing earnings, scandals, hacking attacks, and the threat of a recession in the U.S.Traders' reactions were muted, seemingly disappointed that Trump did not announce large-scale purchases of Bitcoin. The Bitcoin and cryptocurrency markets continued to decline over the weekend. But for Hougan, this reaction misses the point. To him, "strategic reserves are a significant step forward, and the market's disappointment is absurd."He pointed out that the executive order explicitly states that the U.S. Secretary of the Treasury and the Secretary of Commerce "should develop strategies" for reserve purchases of Bitcoin. Hougan wrote: "Note that the order uses 'should,' not 'may' or 'might'; the wording in the official statement is carefully chosen."

ChainCatcher news, Bitwise Asset Management Chief Investment Officer Matt Hougan stated on CNBC's "Squawk Box Asia" that the current drop in Bitcoin prices is a "short-term setback," and the market will soon find its footing and realize that this is actually a long-term bullish outlook for this asset and the entire cryptocurrency market.Matt Hougan added that White House cryptocurrency and AI director David Sacks has indicated that the U.S. will seek a "budget-neutral strategy to acquire more Bitcoin, provided that these strategies do not impose incremental costs on American taxpayers." The right question should be: Does this executive order make it more likely for Bitcoin to become a geopolitically significant currency or asset in the future? Will other governments follow the U.S. and establish their own strategic reserves? For me, the answer is yes, and the reason this question is important is that it determines whether Bitcoin is worth $80,000 or $1,000,000.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan commented on "Trump signing an executive order to establish a strategic Bitcoin reserve" saying, "I'm not sure how the market will react to this in the short term. But I am confident that, in the long run, this is extremely beneficial for Bitcoin."

Bitwise Chief Investment Officer Matt Hougan commented on the Trump administration's cryptocurrency reserves, stating that "Trump's cryptocurrency reserves will be almost entirely in Bitcoin, and the scale will be larger than people think."

ChainCatcher news, according to DL News, Bitwise Chief Investment Officer Matt Hougan stated in his investment memo: "Trump is like a game changer, the establishment of the U.S. crypto strategic reserve will be seen as the first shot in the global Bitcoin arms race and will trigger a domino effect.Honduras, Mexico, or Guatemala, now looking at El Salvador, it's now America's turn to acquire Bitcoin. Will countries like Dubai, Qatar, or Saudi Arabia envy America's leading position? Countries may view Bitcoin as an important monetary asset."

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that the market's reaction to Trump's cryptocurrency reserve plan is "overinterpreted." Despite the flaws in the plan, it is still overall positive news. After Trump announced on Sunday the directive for a task force to advance the U.S. cryptocurrency strategic reserve plan, which includes BTC, ETH, XRP, SOL, and ADA, these assets rose by 10%, 15%, 25%, 30%, and 70% respectively from last week's lows, but subsequently, Bitcoin fell over 10%, and Ethereum plummeted over 15%.In a report sent to clients on Tuesday, Hougan pointed out that the market's cautious stance on the plan is mainly due to the inclusion of cryptocurrencies other than Bitcoin in the reserves, "especially the inclusion of speculative assets like Cardano, which feels more like a political consideration rather than a strategic choice." He emphasized that the market is overlooking three key factors: first, Trump's negotiation style means that the initial proposal will not be the final version; second, this move by the U.S. could trigger a global Bitcoin accumulation race; and finally, once acquired, these cryptocurrencies are likely to be held long-term without being sold.Bitwise CEO Hunter Horsley, Coinbase CEO Brian Armstrong, and Gemini founders the Winklevoss twins share the same view, believing that a pure Bitcoin reserve is the best option. Hougan expects that the Trump administration will ultimately push for some form of reserve plan, "The U.S. government's announcement that cryptocurrencies have 'strategic' significance is positive in itself, and I believe the market will eventually realize this."

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated on social media, "After adjusting for risk, now is the best time in history to buy Bitcoin."

ChainCatcher news, according to the Financial Times of the UK, Bitwise Chief Investment Officer Matt Hougan pointed out that Ethereum's price has dropped by 23% in the past month, while Solana, which hosts most of the meme coin blockchains, has fallen by 42%. The cryptocurrency market is currently digesting the end of the meme coin craze, and it will continue to be dragged down until institutional interest in cryptocurrencies recovers.Additionally, traders are becoming increasingly frustrated as Trump has not implemented some of the reforms he promised during his campaign more quickly. The slower-than-expected rollout of significant pro-cryptocurrency policies has led to a shift in market sentiment towards disappointment.

ChainCatcher news, according to the Financial Times, Bitwise Asset Management Chief Investment Officer Matt Hougan stated that looking ahead to the next 10 years, there will definitely be larger digital asset ETPs launched, and this ETP could be an index-based product.Since November 2024, there has been a surge of cryptocurrency ETF applications in the United States, based on cryptocurrencies such as Solana, XRP, and Litecoin. Matt Hougan added that resolving the dispute over the definition of cryptocurrencies as securities or commodities may open the floodgates for market development: "Unless we get a clear definition, it will hinder market development. But once we have those definitions, I believe there will be explosive growth in U.S. products."

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan tweeted that Coinbase could become a $1 trillion company. Previous regulatory restrictions from the government have actually created a moat for Coinbase, allowing it to maintain high profits and expand into new businesses. Now that the regulatory environment has eased, Coinbase is in the best position for expansion, and if the crypto market continues to grow, it is expected to rank among the largest financial institutions in the world.CEO Brian Armstrong previously stated that Coinbase holds $0.42 trillion in customer assets, equivalent to the 21st largest bank or the 8th largest brokerage in the United States.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated that there is a significant divergence in sentiment between professional and retail investors in the current cryptocurrency market.Retail sentiment is at its lowest level in years, while professional investors are extremely bullish on the market. The Crypto Fear and Greed Index shows that the index has dropped 25 points from last month's 69 (Greed) to 44 (Fear).Bloomberg ETF analyst James Seyffart pointed out that this is due to retail investors holding a large amount of severely declining altcoins and meme coins. Data shows that the top three meme coins by market capitalization have all dropped over 20% in the past week, with Pepe down 35.31%, Shiba Inu down 20.82%, and Dogecoin down 24.69%.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan questioned the sustainability of Bitcoin's four-year cycle in a letter to clients, stating that recent policy changes in the U.S. could extend the current bull market into 2026 and beyond.Matt Hougan believes that with the influx of institutional investors and the maturation of market structure, Bitcoin's price volatility and cyclicality will become more stable, no longer significantly affected by halving events. The Bitcoin market is entering a new phase dominated by macroeconomic factors and long-term investment strategies. As the crypto market evolves, traditional market cycles may no longer apply, marking a shift towards broader institutional integration and sustained investor interest.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated that with the appointment of AI and cryptocurrency "czar" David Sacks by Trump to advance reasonable regulatory policies, fraud and bad actors in the crypto industry will significantly decrease over the next four years. Hougan believes that the previously enforcement-oriented regulatory approach has actually increased risks for investors.Previously, Sacks indicated that the Digital Asset Working Group would focus on establishing market structure norms, a regulatory framework for stablecoins, and assessing national digital asset reserves.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan posted on social media, "The plan for the U.S. to establish a Bitcoin strategic reserve has not yet been priced in by the market. In fact, it is still quite far off."

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan pointed out that corporate holdings of Bitcoin are becoming an underestimated trend in the market. Currently, 70 publicly traded companies have incorporated Bitcoin into their balance sheets, with MicroStrategy holding 450,000 Bitcoins (approximately 2.1% of the total supply).Hougan expects that, benefiting from an improved regulatory environment and updates to accounting standards (ASU 2023-08), hundreds of companies will purchase Bitcoin in the next 12-18 months. Notably, Meta is considering a shareholder proposal to hold Bitcoin, with a market capitalization 20 times that of MicroStrategy.

ChainCatcher news, according to Cointelegraph, Bitwise Asset Management Chief Investment Officer Matt Hougan attributed the recent pullback in the crypto market to "the natural clearing of leverage," and emphasized that "the long-term drivers remain intact, and we are still in a strong bull market."

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan expressed his views on X, detailing why he believes the current bullish trend in the cryptocurrency market will continue.Despite the Federal Reserve's latest policy statement causing a short-term shock to the market—reducing next year's rate cut expectations from 4 times to 2 times—Hougan believes this is merely a brief interlude in the bull market process. He pointed out that the cryptocurrency market has developed an endogenous momentum independent of Federal Reserve policy, with four core trends continuously driving industry development:Washington's regulatory attitude has clearly shifted to a more supportive stance.Institutional investors are entering the market at an accelerated pace, with ETF funds continuing to flow in.Government and corporate entities are strategically increasing their Bitcoin holdings.Breakthroughs in programmable blockchain technology.From a technical perspective, Bitcoin's 10-day exponential moving average (approximately $102,000) continues to stay above the 20-day moving average (approximately $99,000). Hougan stated that this classic technical indicator has historically reflected market trends well.Hougan emphasized that the cryptocurrency market is in a new multi-year bull market cycle, and he expects that a 50bps rate cut will not change this.