Bitwise CIO Matt Hougan on bitcoin, ethereum, solana, central banks and more

Bitwise CIO Matt Hougan believes cryptocurrency is nearing the bottom of a bear market, anticipating a choppy but constructive path toward a stronger 2026, despite altcoins falling significantly in 2025 while Bitcoin was supported by corporate and ETF buying. Hougan expects Bitcoin to trade sideways between $75,000 and $100,000 in the first half of the year before potentially breaking out later as regulatory clarity improves. He views the rally in gold as reinforcing Bitcoin's long-term case as a superior store of value, noting that central banks are slowly engaging with Bitcoin, though full adoption is likely 10 to 20 years away. Hougan reiterated his long-term forecast that Bitcoin could hit $6.5 million in two decades, assuming continued global debt growth and currency debasement, arguing that declining volatility is key for institutional adoption.

(Source：CoinDesk)