Bitwise CIO Matt Hougan Says Bitcoin Ready To Rip Substantially Higher on These Catalysts

Bitwise chief investment officer Matt Hougan is still bullish on Bitcoin ( BTC ) despite the tariff-induced fragility across global markets. Hougan says in a new interview with Scott Melker that BTC is the “canary in the coal mine” and has been leading the market for the past 4-5 months. “It’s the first thing that people push the button on, and even then it didn’t sell down past the previous all-time highs, so I consider it a huge win. And I think the net effect of the tariff tantrum is we’re going to see weaker fiat currencies around the world, which is a net positive for Bitcoin. So I think long-term, I think it’s ready to move substantially higher if we get sustained stability for a while. I don’t know if we will, but when we get sustained stability, I think this thing rips.” Bitcoin is trading at $78,146 at time of writing. The top-ranked crypto asset by market cap is up more than 1% in the past 24 hours but down more than 9% in the past week. After announcing an onslaught of “reciprocal” tariffs last week, Donald Trump rolled back his plans on Wednesday with a 90-day pause on some of the duties. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bitwise CIO Matt Hougan Says Bitcoin Ready To Rip Substantially Higher on These Catalysts appeared first on The Daily Hodl .