4.6 • 821 Ratings
🗓️ 25 November 2025
⏱️ 60 minutes
🧾️ Download transcript
In this conversation, Bryce and Brendan discuss the current state of the crypto market with Matt Hougan, CIO of Bitwise. They explore the dynamics of the market, including the ongoing bear market, institutional adoption, and regulatory developments. The discussion also covers the impact of government actions on liquidity, the significance of ETFs, and the performance of the Solana ETF. They delve into tax implications for staking strategies and the influence of Basel rules on banking regulations. Looking ahead, they discuss potential catalysts for growth in the crypto space and share predictions for 2026 and beyond.
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00:00 Introduction and Market Overview
02:45 Are we in a Bear Market?
05:38 Selling Dynamics and Covered Calls
08:32 Volatility and Financialization of Bitcoin
11:18 Institutional Influence and the Future of Bitcoin
14:02 Government Shutdown and ETF Approvals
16:57 Bitwise's Solana ETF Success
19:49 Tax Treatment and Staking ETFs
22:39 Basel Rules and Banking Regulations
25:15 Future Catalysts for Crypto Market Growth
26:54 The Future of Crypto Use Cases
29:30 Demographics and the Crypto Market
30:53 The Role of Financial Services in Crypto
32:27 The Everything App: Coinbase and Robinhood
47:17 Looking Ahead: Predictions for 2026
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| 0:00.0 | Welcome to the Crypto 101 podcast presented by Gemini, your bridge to the future of money. |
| 0:10.4 | All right, ladies and gentlemen, gather around, gather round. I hope you are having a fantastic |
| 0:19.5 | morning, noon or night, |
| 0:21.3 | wherever you are in the world. You're certainly in the right place. And I hope you are well. |
| 0:27.7 | And I hope you're getting more sleep than me. That's what I'm hoping for all of our listeners. |
| 0:33.0 | Not only do we have the volatility keeping me up. I've got a crazy one and a half year old who decides, |
| 0:39.5 | you know, when he wants to sleep. It's on his own time. So we, uh, we're not feeling super fresh |
| 0:45.4 | this morning. Brendan, how are you feeling? I hope you're feeling fresh. Young gun, no kids. |
| 0:50.7 | None of that. I'm just riddled with arrows, one hand still working, crawling to safety in this |
| 0:57.5 | crypto market. But you're getting the one-two punch. I would say the only thing that could |
| 1:01.7 | compete with the crypto market falling the way it is is a screaming toddler who doesn't want us to |
| 1:08.0 | leave. So, man, you're getting the one-two jab, and I'm surprised you're making |
| 1:11.6 | it in here with us. But I'm still stoked, man. You know, as we're going to talk about today, |
| 1:15.4 | we got a very familiar guest, someone who's been on a lot and just constantly has good, |
| 1:21.0 | just insights into what's happening into the market, what has happened, what will happen |
| 1:25.8 | in potentially in the future. And yeah, overall, |
| 1:28.5 | just a lot to talk about. Yeah. No, the universe throws, you know, bigger challenges at you, |
| 1:34.9 | the more you grow, right? And, you know, we've got the CIO of Bitwise, Matt Hogan, |
| 1:40.5 | joining us and talk about a person and a company that have just grown and grown and |
| 1:45.8 | grown and with that, I mean, the good times are good and the tough times are tough, right? |
| 1:50.8 | And there's challenges. |
| 1:52.3 | But man, Matt, we are so, you know, pleased to have you on the show amidst all of the investor |
... |
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