Institutional Flows Will Overpower the 4-Year Cycle

In this episode of Empire, Jason Yanowitz interviews Matt Hougan, CIO of Bitwise, about the current state and future of the crypto market. Hougan discusses why he believes the four-year cycle is dead due to institutional adoption and regulatory improvements, highlighting the recent greenlighting of crypto exposure by major financial institutions. They delve into covered call strategies used by crypto whales, the implications of MicroStrategy's Bitcoin holdings, and the evolving conversations with financial advisors regarding Bitcoin, stablecoins, and tokenization. Hougan shares insights on asset allocation, the potential of Chainlink, and the future of ICOs, emphasizing the importance of economic ties between tokens and their underlying activity. He expresses optimism about the long-term outlook for crypto, driven by strong regulatory tailwinds, institutional demand, and emerging use cases.