Boom or Bust, Bitcoin Wins the AI Trade, Bitwise CIO Says

Decrypt10-15 19:16

In brief Bitwise CIO Matt Hougan argued in an investor note that Bitcoin benefits across nearly every macro scenario, framing it like the “Choose Your Own Adventure” books where different paths reach ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2675378315?lang=en_US&edition=fundamental","thumbnail":"https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/05/Bitcoin-decrypt-style-05-gID_7.png@webp","is_english":true,"pubTime":"2026-10-15 19:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2675378315","market":"nz","top_or_hot":-1,"title":"Boom or Bust, Bitcoin Wins the AI Trade, Bitwise CIO Says","media":"Decrypt","content":"<div>\n<p>In brief\nBitwise CIO Matt Hougan argued in an investor note that Bitcoin benefits across nearly every macro scenario, framing it like the “Choose Your Own Adventure” books where different paths reach ...</p>\n\n<a href=\"https://decrypt.co//381077/bitwise-cio-bitcoin-wins-ai-boom-or-bust\">Source Link</a>\n\n</div>\n","source":"decrypt_highlight","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>Boom or Bust, Bitcoin Wins the AI Trade, Bitwise CIO Says</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\">\nBoom or Bust, Bitcoin Wins the AI Trade, Bitwise CIO Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-15 19:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://decrypt.co//381077/bitwise-cio-bitcoin-wins-ai-boom-or-bust><strong>Decrypt</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In brief\nBitwise CIO Matt Hougan argued in an investor note that Bitcoin benefits across nearly every macro scenario, framing it like the “Choose Your Own Adventure” books where different paths reach ...</p>\n\n<a href=\"https://decrypt.co//381077/bitwise-cio-bitcoin-wins-ai-boom-or-bust\">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":"BRRR","symbol_name":"比特币ETF-CoinShares","start_time":0,"source_url":"https://decrypt.co//381077/bitwise-cio-bitcoin-wins-ai-boom-or-bust","article_id":"2675378315","we_media_id":null,"thumbnails":["https://img.decrypt.co/insecure/rs:fit:3840:0:0:0/plain/https://cdn.decrypt.co/wp-content/uploads/2025/05/Bitcoin-decrypt-style-05-gID_7.png@webp"],"rights":{"source":"decrypt_highlight","url":"https://decrypt.co//381077/bitwise-cio-bitcoin-wins-ai-boom-or-bust","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2675378315","pubTimestamp":1792062964,"columns":[],"sourceInfo":{"source_id":"decrypt_highlight","name":"Decrypt"},"weMediaInfo":null,"summary":"No matter how the AI story ends, Bitwise’s chief investment officer argues, the trade leads to the same place: Bitcoin higher.\nIn a note to investors published Wednesday, Matt Hougan laid out his case using the “Choose Your Own Adventure” books of his childhood, where wildly different choices often funneled readers to the same ending.\nMyriad: How high will Bitcoin go? Click to make your prediction.\nHe said the range of macro outcomes facing investors today is the widest he’s seen in his career,...","collect":0,"end_time":0,"defaultTopTitle":"decrypt.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRRR":"比特币ETF-CoinShares","BPI":"Grayscale Bitcoin Premium Income ETF","BTCC":"Grayscale Bitcoin HIGH Income ETF","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","BTCI":"NEOS Bitcoin High Income ETF","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","BTF":"比特币&以太币期货ETF-CoinShares","BITU":"2倍做多比特币期货ETF-Proshares","MAXI":"比特币期货ETF-Simplify","IBIT":"比特币ETF-iShares","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","FBTC":"比特币ETF-Fidelity","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","BCCC":"Global X Bitcoin Covered Call ETF","ARKB":"比特币ETF-21Shares","MNRS":"GRAYSCALE BITCOIN MINERS ETF","EZBC":"比特币ETF-Franklin","BITX":"2倍比特币期货ETF-Volatility Shares","BTCO":"比特币ETF-Invesco Galaxy","BTC":"Grayscale Bitcoin Mini Trust","HODL":"比特币ETF-VanEck","GBTC":"比特币ETF-Grayscale","YBTC":"比特币看涨期权ETF-Roundhill","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","BITB":"比特币ETF-Bitwise","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","BTRN":"比特币期货ETF-Global X","DEFI":"比特币期货ETF-Hashdex","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","BITC":"Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","BTCW":"比特币ETF-Wisdom Tree","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","BETH":"比特币&以太币期货ETF-ProShares","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","BITI":"1倍做空比特币期货ETF-Proshares","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BITO":"比特币期货ETF-ProShares","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July"},"translate_title":"Bitwise 首席信息官表示，无论繁荣还是萧条，比特币都会赢得人工智能贸易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HODL":0.6,"MNRS":0.6,"DEFI":0.6,"BTCZ":0.6,"CBOY":0.6,"ARKB":0.6,"GBTC":0.6,"BITB":0.6,"BITY":0.6,"BITO":0.6,"CBXO":0.6,"EZBC":0.6,"CBXA":0.6,"BTCO":0.6,"BITU":0.6,"BFJL":0.6,"CBTJ":0.6,"CBTY":0.6,"BFAP":0.6,"CBOA":0.6,"CBOJ":0.6,"BTCL":0.6,"BPI":0.6,"CBXY":0.6,"QBF":0.6,"CBOO":0.6,"BITX":0.6,"BRRR":0.6,"BTC":0.6,"BETE":0.6,"YBTC":0.6,"BAGY":0.6,"CBXJ":0.6,"IBIT":0.6,"BITI":0.6,"MAXI":0.6,"BTCW":0.6,"BTCI":0.6,"BETH":0.6,"BTRN":0.6,"CBTA":0.6,"CBTO":0.6,"XBTY":0.6,"BITC":0.6,"BCCC":0.6,"FBTC":0.6,"BTF":0.6,"BTCC":0.6},"content_text":"In brief\nBitwise CIO Matt Hougan argued in an investor note that Bitcoin benefits across nearly every macro scenario, framing it like the “Choose Your Own Adventure” books where different paths reach the same ending.\nIf AI delivers “superabundance,” value flows to scarce assets like Bitcoin; if the AI bubble bursts, he sees a near-certain government bailout and money-printing that Bitcoin “was built for.”\nHe hedged—citing Bitcoin’s 50% COVID drop and risks like a crackdown or quantum computing, but concluded macro “matters less than most people think.”\nNo matter how the AI story ends, Bitwise’s chief investment officer argues, the trade leads to the same place: Bitcoin higher.In a note to investors published Wednesday, Matt Hougan laid out his case using the “Choose Your Own Adventure” books of his childhood, where wildly different choices often funneled readers to the same ending.Myriad: How high will Bitcoin go? Click to make your prediction.He said the range of macro outcomes facing investors today is the widest he’s seen in his career, with pundits split between AI doubling GDP and AI causing human extinction. His answer was to walk down each path and see where it leads.If AI delivers “superabundance,” Hougan wrote, productivity explodes and intelligence-based work gets cheap, but that abundance becomes a tailwind for genuinely scarce assets, as value migrates to things that can’t be reproduced, like waterfront land, gold, and Bitcoin.If the AI bubble bursts instead, triggering a 2008-style recession, Bitcoin initially sells off with other risk assets, but Hougan argued a government bailout would follow, and given that the AI buildout is “the biggest infrastructure investment in the history of America,” the resulting money-printing would be enormous.“This is exactly the environment bitcoin was built for,” he wrote, putting the odds of a bailout at “nearly 100%.”BitcoinBTC · USD$82,420+0.79%24H7D1M1YYTDOct 8Oct 10Oct 12Oct 14Oct 15$84.2k$82.9k$81.5k$80.2k24h HighHigh$82,50824h LowLow$79,806VolVol$1.8BMarket projectionsOdds by MyriadThis weekAbove $82,000Above $82k60% chance→Buy Bitcoin with USDTPowered by Jupiter$50$100$500BuyPrice data by CoinGeckoCoinGeckoMore Bitcoin news and projections →The third path, a muddle-through of roughly 3% growth and 4% rates, simply lets Bitcoin keep doing what it’s been doing: drawing ETF flows, advisor adoption and corporate and sovereign balance-sheet allocations as government debt mounts. “Bitcoin wins by showing up,” he wrote.The memo lands amid exactly the kind of macro anxiety Hougan is addressing. BlackRock CEO Larry Fink warned this week that a halt to data center construction could tip the U.S. into recession, underscoring how tightly AI infrastructure and the broader economy have become intertwined.Hougan was careful to hedge. He stressed Bitcoin won’t rise in a straight line, noting it fell 50% in days during the 2020 COVID panic before rebounding roughly 20-fold, and acknowledged the thesis could break for non-macro reasons. Among them: a global government crackdown or the quantum-computing threat to older wallets, a rising risk even as researchers debate whether AI could break crypto’s encryption before quantum computers arrive.Still, his conclusion was unequivocal: for long-term investors, the big macro questions “matter less than most people think,” because nearly every path still ends with Bitcoin.Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more. Email addressJoin freeJoin 72,000+ readersCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.","kind":"highlight","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":"4.50.1","shortVersion":"4.50.1","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/2675378315","isCrawlerRequest":true}