Who Takes the Bitcoin Baton After Strategy? Bitwise CIO Matt Hougan Names the 'Final Boss'

Benzinga02:25

Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s (CRYPTO: BTC) next major wave of demand will come from the "final boss of investing" which is the institutional capital. Speaking in a ...

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Bitwise CIO Matt Hougan Names the 'Final Boss'","media":"Benzinga","content":"<div>\n<p>Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s (CRYPTO: BTC) next major wave of demand will come from the \"final boss of investing\" which is the institutional capital.\nSpeaking in a ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/07/60562157/who-takes-the-bitcoin-baton-after-strategy-bitwise-cio-matt-hougan-names-the-final-boss\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Who Takes the Bitcoin Baton After Strategy? Bitwise CIO Matt Hougan Names the 'Final Boss'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWho Takes the Bitcoin Baton After Strategy? Bitwise CIO Matt Hougan Names the 'Final Boss'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-21 02:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/crypto/cryptocurrency/26/07/60562157/who-takes-the-bitcoin-baton-after-strategy-bitwise-cio-matt-hougan-names-the-final-boss><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s (CRYPTO: BTC) next major wave of demand will come from the \"final boss of investing\" which is the institutional capital.\nSpeaking in a ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/07/60562157/who-takes-the-bitcoin-baton-after-strategy-bitwise-cio-matt-hougan-names-the-final-boss\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITB","symbol_name":"比特币ETF-Bitwise","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/07/60562157/who-takes-the-bitcoin-baton-after-strategy-bitwise-cio-matt-hougan-names-the-final-boss","article_id":"2653924941","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=3840,format=auto,quality=85/files/images/story/2026/07/20/Close-Up-Top-Down-View-Of-US-Currency-An.jpg"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/crypto/cryptocurrency/26/07/60562157/who-takes-the-bitcoin-baton-after-strategy-bitwise-cio-matt-hougan-names-the-final-boss","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2653924941","pubTimestamp":1784571900,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Bitwise CIO Matt Hougan predicts institutional capital will be the next major buyer for Bitcoin, signaling a shift in the market. 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(NASDAQ:MSTR), slows or changes its purchasing activity.\nHougan said Bitcoin’s history is defined by its largest buyer eventually handing the baton to a new group.\nBefore Strategy, demand was led by the Grayscale Bitcoin Trust (NYSE:GBTC) Before Grayscale, U.S. retail investors followed Asian retail buyers and Bitcoin’s earliest cypherpunk adopters.\nThis time, he believes the identity of the next buyer is already clear.\n\"The end boss of investing is institutional capital,\" he said, pointing to financial advisers, pension funds, endowments and sovereign wealth funds.\n\"I think it’s going to be a great bull market for Bitcoin,\" he said.\nRasmussen highlighted reports that Vanguard, which manages trillions of dollars, is seeking a senior digital-assets executive to develop its crypto strategy. This marks a major move that crypto is transitioning from offshore and retail-dominated markets toward mainstream institutional infrastructure.\nOnce a major institution embraces digital assets, Hougan said, that decision tends to become a \"one-way door.\"\nFive years ago, allocating to crypto represented a professional risk. Today, Hougan said appearing openly hostile to digital assets may make executives look as though they have their \"head in the sand.\"\nHougan said institutional adoption will not stop with Bitcoin.\nInvestors have traditionally viewed decentralized finance as serving only the crypto market, which he estimated at roughly $2 trillion. However, he argued that DeFi’s true addressable market is the entire global financial system, potentially worth hundreds of trillions of dollars.\nAs traditional assets move on-chain, decentralized protocols could compete across lending, trading, settlement and asset management.\nHougan believes Bitcoin will lead institutions into crypto, while tokenization and DeFi broaden the industry’s opportunity across global finance.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2653924941","isCrawlerRequest":true}