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CRYPTO 101

Ep. 692 Are We Coming out of a Bear Market!? & 2026 Outlook with Bitwise's Matt Hougan

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, News, Business News, Tech News, Investing

4.6821 Ratings

🗓️ 25 November 2025

⏱️ 60 minutes

🧾️ Download transcript

Summary

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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Chapters


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

34:14 2025 Predictions Review

47:17 Looking Ahead: Predictions for 2026


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Guest Links

https://x.com/Matt_Hougan

bitwiseinvestments.com


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Transcript

Click on a timestamp to play from that location

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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