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BitcoinSistemi 2025-03-26 12:29:08

Bitwise CIO Matt Hougan Sees Bitcoin As The Best Backup Plan! Here's Why

Bitwise CIO Matt Hougan Sees Bitcoin As The Best Backup Plan! Here's Why

Bitwise Chief Investment Officer Matt Hougan believes that Bitcoin has officially escaped its last existential risk following President Donald Trump’s recent executive order establishing the U.S. Strategic Bitcoin Reserve. Bitwise CIO: Trump's Strategic Bitcoin Reserve Solidifies BTC as 'Best Backup Plan' In a note to clients, Hougan emphasized that this move represents a historic turning point for Bitcoin, positioning it as the most viable hedge against global financial uncertainty. With Bitcoin currently accounting for 1.3% of the $128 trillion global money supply, he believes the asset has achieved a level of mainstream legitimacy once thought impossible. Hougan described his first encounter with Bitcoin when it broke the $1 mark in 2011. He said that back then, investing in BTC was like buying a lottery ticket, given the storage, regulation and technological challenges. Despite its early risks, Bitcoin has gradually overcome obstacles, including the launch of Coinbase in 2011, institutional custody services from firms like Fidelity, and the launch of spot Bitcoin ETFs last year. However, one major concern remains. According to Hougan, this concern was alleviated on March 6 when Trump signed an executive order creating the U.S. Strategic Bitcoin Reserve. The reserve will be created from Bitcoin seized in criminal or civil cases and will initially hold around 103,500 BTC. While the 94,636 BTC seized in the Bitfinex attack is expected to be returned to the exchange, the US government will explore ways to expand its Bitcoin holdings with budget-independent strategies. Corporate Adoption Is Increasing According to Hougan, Bitwise noticed an increase in institutional allocations to Bitcoin following the US government’s approval. While many clients previously invested 1% in Bitcoin, that figure has risen to 3% today and they expect that rate to reach 5% or higher as more investors realize the risks associated with BTC are decreasing. *This is not investment advice. Continue Reading: Bitwise CIO Matt Hougan Sees Bitcoin As The Best Backup Plan! Here's Why

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