Matt Hougan ( Bitwise CIO ) – Crypto Outlook & Key Predictions (Patreon)

Matt made a video and he was extremely bullish. Here are some of the takeaways I got from his presentation.

• Q4 2025: “We’ll set new all-time highs.”
  → If $125 K breaks, it “rips straight to ~$150 K.”
  → Official target: “$200 K by year-end — possible, maybe unlikely.”

• Downside: “Worst-case $75 K BTC” if ETF flows reverse + bad policy + macro shock.

• Cycle: “People think 2026 will be down — I think that’s wrong.”

• 10-Year Target: “28 % CAGR → ~$1.3 M BTC by 2035.”

• Macro Setup: “Best macro backdrop ever for crypto — policy shift, new Fed chair, ETF adoption.”

• New BUYERS: “Marginal buyer now a financial adviser or family office — bullish as ever.”

• TradFi are in: “Morgan Stanley just let advisers allocate up to 4 % BTC ETF — more platforms coming.”

• Why Subdued: “Old holders selling near $100 K,” “weird altseason,” “cycle misread.”

• Stablecoins: “$300 B → $3.7 T by 2030 baseline; if interest allowed, ≈ $10 T.”

• Solana Thesis:
  → “One of the best setup trades ever.”
  → ~1/5 ETH size, 1/25 BTC size yet “could be a $1 T asset (≈ 10×).” ie he sees SOL going to $2,000! Damn!