Bitcoin's $1.3M Future: Bitwise CIO Matt Hougan on US Debt Crisis & Institutional Boom
<p>In this episode of Exploring Prosperity, I sit down with Matt Hougan, CIO of Bitwise, and Ryan Rasmussen, Head of Research, to unpack their groundbreaking report on Bitcoin’s long-term capital market assumptions. We cover why Bitcoin is increasingly viewed as a hedge against U.S. debt and deficits, how institutional investors are approaching allocation, the rise of corporate treasuries adopting Bitcoin, and the risks every investor should understand. </p><p>Key topics we discuss include:</p><p>* Why Bitcoin is gaining traction with pensions, endowments, and other institutions</p><p>* The surge in corporate Bitcoin buyers and the impact of limited supply</p><p>* The U.S. debt crisis, inflation concerns, and reserve currency debates</p><p>* How to think about risk: volatility vs. conviction</p><p>* Long-term catalysts like regulation, ETFs, and central bank adoption</p><p>Matt and Ryan explain why they believe Bitcoin could capture 1–5% of institutional portfolios — representing trillions in potential inflows — and why the supply-demand equation makes this moment so pivotal. Whether you’re a long-term investor, corporate leader, or simply curious about Bitcoin’s future, this conversation offers rare insights from two of the sharpest minds in crypto research. </p><p>Learn why Bitcoin may be one of the most important assets for the next decade. Read their report here: <a target="_blank" href="https://bitwiseinvestments.com/crypto-market-insights/bitcoin-long-term-capital-market-assumptions-2025">Bitcoin Long-Term Capital Market Assumptions: 2025</a></p><p>Thank you very much to our sponsors: </p><p>Truflation: BUY Truflation products/services and save 10% using code BOBDEW10. Learn about what prices are actually doing by going to <a target="_blank" href="https://truflation.com/">https://truflation.com/</a></p><p> Foundation: Protect your Bitcoin using the latest off-line technology with easy-to-use Passport. Their next product, Passport Prime will protect all passwords off-line with even-better technology. <a target="_blank" href="https://foundation.xyz/">https://foundation.xyz/</a></p><p> River Financial: If not cold storage for your Bitcoin, I’d highly recommend River for buying and holding- River is engineered to protect your Bitcoin over the long run. Use this link for discounts: <a target="_blank" href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbGlBQU5fdVU4UGdzcnRrMnpwbld4UHVjcmxsd3xBQ3Jtc0ttb0ZmSU5DYURWSVItYllIbnkwbmN4Rkk0aGJXY19Bczg5cUR2cDFMRHh1V2NLN1JWNWZLb2VtU1BENjZYeXVTeVdZdE5lQ1p0bVAtbS1hSTRsMzVrT0l0dlBSUFo2YjFERHJUYlZrdEN2NFBQdmpxVQ&q=https%3A%2F%2Friver.com%2Fsignup%3Fr%3DT7GGAF7G&v=wG665Qc8KsU">https://river.com/signup?r=T7GGAF7G</a> </p><p>Timestamps: </p><p><a target="_blank" href="https://www.youtube.com/watch?v=wG665Qc8KsU&list=PLt-j7iknI701aODBJX6gfgALPHJh9R01k&index=1">00:00</a> Introduction to Bitcoin's Capital Market Assumptions </p><p><a target="_blank" href="https://www.youtube.com/watch?v=wG665Qc8KsU&list=PLt-j7iknI701aODBJX6gfgALPHJh9R01k&index=1&t=176s">02:56</a> Understanding Bitcoin's Value Proposition </p><p><a target="_blank" href="https://www.youtube.com/watch?v=wG665Qc8KsU&list=PLt-j7iknI701aODBJX6gfgALPHJh9R01k&index=1&t=363s">06:03</a> The Macro Economic Landscape and Debt Concerns </p><p><a target="_blank" href="https://www.youtube.com/watch?v=wG665Qc8KsU&list=PLt-j7iknI701aODBJX6gfgALPHJh9R01k&index=1&t=545s">09:05</a> The Role of Gold and Central Banks </p><p><a target="_blank" href="https://www.youtube.com/watch?v=wG665Qc8KsU&list=PLt-j7iknI701aODBJX6gfgALPHJh9R01k&index=1&t=762s">12:42</a> Regulatory Environment and Institutional Interest </p><p><a target="_blank" href="https://www.youtube.com/watch?v=wG665Qc8KsU&list=PLt-j7iknI701aODBJX6gfgALPHJh9R01k&index=1&t=945s">15:45</a> Bitcoin's Scarcity and Demand Dynamics </p><p><a target="_blank" href="https://www.youtube.com/watch?v=wG665Qc8KsU&list=PLt-j7iknI701aODBJX6gfgALPHJh9R01k&index=1&t=1138s">18:58</a> Risks and Future Outlook for Bitcoin </p><p><a target="_blank" href="https://www.youtube.com/watch?v=wG665Qc8KsU&list=PLt-j7iknI701aODBJX6gfgALPHJh9R01k&index=1&t=2302s">38:22</a> The Rise of Corporate Bitcoin Adoption</p> <br/><br/>This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit <a href="https://robertdewey3.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2">robertdewey3.substack.com/subscribe</a>