Bitwise CIO Matt Hougan: Institutions Eye Bitcoin as a ‘Non-Debt Currency’

Bitwise’s chief investment officer, Matt Hougan, highlights a shifting trend among large investors who are turning to Bitcoin (BTC) as a hedge against economic uncertainties. 

In an interview on the Cheddar YouTube channel. Hougan reveals that institutions are increasingly considering Bitcoin as a way to mitigate risks stemming from inflation concerns and rapid government debt accumulation. He emphasizes that investors are recognizing Bitcoin and gold as the only two assets not backed by debt. With Bitcoin gaining traction due to its potential to hedge against inflation and debt risks. 

Hougan notes that while both gold and Bitcoin offer similar benefits of storing value outside centralized systems. Bitcoin stands out for its higher upside potential, albeit with increased volatility as a relatively new asset. As of now, Bitcoin is valued at $65,095.

Clever Robot News Desk 22^nd April 2024