"Chaos Is a Ladder”: Bitwise’s Matt Hougan on Bitcoin’s Path to $1M | Markets Outlook
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 16 April 2026
⏱️ 21 minutes
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| 0:00.0 | the increasingly fractious world and increasing changes to the global monetary order have opened |
| 0:06.2 | up a space for Bitcoin. And if Bitcoin could be both a store of value and a actual currency, |
| 0:13.0 | then the price targets we've been talking about, and a bitwise, we've been talking about, |
| 0:16.7 | you know, $1.3 million by 2035. I think you have to ratchet that up, maybe another million |
| 0:23.4 | dollar increment because that's a huge addressable market. Markets move fast. Crypto moves faster. |
| 0:52.3 | From the floor of the New York Stock Exchange, CoinDesk's |
| 0:56.0 | public keys tracks the money, markets, and moves shaping digital assets. |
| 1:05.8 | Matt Hogan, welcome to Market's Outlook. Thanks for having me. Of course, thanks for being here now. |
| 1:11.1 | We're going to talk about Bitcoin and Avalanche in just a bit. |
| 1:14.5 | Some big news that I'm watching this morning is Morgan Stanley's Bitcoin ETF being the most successful ETF launch for the bank ever. |
| 1:22.0 | Curious what you're watching. |
| 1:23.7 | What are you keeping your eye on? |
| 1:25.2 | Yeah, it tells us a repeat of the story that we've known, |
| 1:28.0 | which is when you provide easy, low-cost exposure to Bitcoin in an ETF wrapper, |
| 1:33.2 | people are excited about it. |
| 1:34.6 | It's one more data point that convinces me that the wave of institutional capital |
| 1:39.2 | coming into Bitcoin is just going to build from here, right? |
| 1:43.1 | Did we need another Bitcoin ETF? |
| 1:45.0 | People wondered, it turns out the answer is yes. |
| 1:48.0 | I think there's a nearly insatiable long-term appetite for exposure to Bitcoin and institutional |
| 1:53.7 | portfolios. |
| 1:54.7 | I expect Morgan Stanley's product to be successful. |
... |
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