May Be At Bottom of Crypto Winter: Bitwise's Hougan

Watch on YouTube ↗  |  August 11, 2026 at 21:55  |  7:48  |  Bloomberg Markets
Speakers
Matt Hougan — CIO, Bitwise Asset Management

Summary

Matt Hougan, CIO of Bitwise, explains how the Coldcard wallet hack strengthens the case for spot Bitcoin ETFs by eroding confidence in self-custody. He sees Bitcoin bottoming as it shrugs off negative news, and points to wealth management platforms as the next major buyer, driving a slower but more institutional bull market.

  • Coldcard wallet hack highlights safety of Bitcoin ETFs, accelerating flows.
  • Bitcoin's resilience to negative news suggests a bear market bottom.
  • Wealth management platforms emerging as next major Bitcoin buyers.
  • Advisors targeting 2–4% crypto allocations based on merit, not FOMO.
  • In-kind transfers into ETFs indicate preference for regulated custody.
  • Bitwise's BITB ETF benefits from the shift toward ETF safety.
  • Spot Solana ETF approval noted as institutional interest.
  • Crypto market may see a strong year-end.
Ideas
Matt Hougan CIO, Bitwise Asset Management 0:13
Hack boosts Bitcoin ETF inflows.
The Coldcard wallet hack undermines confidence in self-custody, making the institutional protections of Bitcoin ETFs more attractive. Investors are increasingly shifting toward ETFs, accelerating flows into products like BITB.
BITB MED
Matt Hougan CIO, Bitwise Asset Management 2:48
Bitcoin ignoring bad news signals bottom.
The next marginal buyer of Bitcoin is large wealth management platforms, which are approving spot crypto ETFs based on merit rather than FOMO. Advisors remain extremely bullish and are targeting 2–4% allocations, laying a stronger institutional foundation for a sustained bull market.
BTC HIGH
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This Bloomberg Markets video, published August 11, 2026, features Matt Hougan discussing BITB, BTC. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Matt Hougan  · Tickers: BITB, BTC