Three Top Crypto Firms Gave Three Different Bitcoin Predictions
Спикеры
Matt Hougan
— Директор по инвестициям, Bitwise Asset Management
Ryan Rasmussen
— Глава отдела исследований, Bitwise
Matt Hougan and Ryan Rasmussen analyze three conflicting Bitcoin bottoming notes from Galaxy Digital, NYDIG, and Standard Chartered. They argue the key question is not where the bottom lies but how high the next top will be, citing ongoing institutional adoption that will keep drawdowns shallow. They also highlight crypto equities and Coinbase as attractive plays amid market confusion.
- Three major crypto research firms issued conflicting Bitcoin bottom predictions (40K, maybe 50K, bottom in at 59K).
- Matt Hougan synthesizes that all three see a new bull cycle, making the top—not the bottom—the critical question.
- Ryan Rasmussen explains that historical Bitcoin drawdowns are shrinking due to multi-trillion-dollar institutional entry.
- Crypto equities (Bitwise Crypto Innovators Index) are up 30% YTD vs Bitcoin down 30%, offering diversified megatrend exposure.
- Coinbase's AI angle is underappreciated and could lift the stock.
- Figure is presented as a blockchain-native company winning market share in home equity lending but is not publicly traded.
- Tokenized stock volumes on Solana are surging, pointing to growing on-chain equity activity.
Идеи
Bitcoin's next top will be far higher
The crucial question is not where Bitcoin's bottom is, but where the top is. All three major research firms predict a new bull cycle with Bitcoin ultimately rallying to new highs. I expect the top to be substantially higher, possibly $1.3 million, making entry prices like 40K, 50K, or 60K irrelevant. Institutional capital is still flowing in, and the cycle will be shallower than prior drawdowns. Bitcoin will be higher by year-end and dramatically higher long-term.
Crypto equities outperform, diversified megatrends
Crypto equities (Bitwise Crypto Innovators Index) are up 30% year-to-date while Bitcoin is down 30%. They offer diversified exposure to megatrends like stablecoins, tokenization, and AI with clearer narratives than holding crypto assets directly. Institutional investors are increasingly drawn to this diversified crypto allocation.
Coinbase's AI angle is underappreciated
Coinbase's artificial intelligence angle is widely misunderstood and underplayed. The market has not priced in the exposure Coinbase has to AI trends, and the stock will eventually get caught up in the AI trade.
Далее
This Milk Road Macro video, published July 05, 2026, features Matt Hougan, Ryan Rasmussen discussing BTC, BITQ, COIN. 3 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Matt Hougan, Ryan Rasmussen · Tickers: BTC, BITQ, COIN