Bitwise CIO Sees Most Macro Scenarios as Positive for Bitcoin
BTC when published $81,934Now $80,617 ▼ −1.61% since it was published
Almost all long-term scenarios for the economy, interest rates, and AI development favor Bitcoin’s growth, according to Bitwise Chief Investment Officer Matt Hougan. He stated this in a recent memo. Hougan suggested viewing macroeconomics like a Choose Your Own Adventure book, following each scenario to its conclusion. In a future where AI creates “superabundance,” Hougan linked Bitcoin’s growth potential to the rising value of scarce, irreplaceable assets. He compared it to coastal land, art, and gold. If the AI bubble bursts and the economy enters a recession, the top executive believes the first cryptocurrency will initially decline along with other risky assets. Subsequently, with “almost 100% certainty,” there will be rate cuts, balance sheet expansion, and support measures.
First reported by ForkLog. This page is a short excerpt; the full text is theirs.
