Matt Hougan on $2T Deficits, Bitcoin as Digital Gold & the Future of the US Dollar | Consensus 2025
June 20, 2025

Matt Hougan, Chief Investment Officer at Bitwise Asset Management
“The US is in an impossible fiscal situation… $2 trillion deficits every year can’t go on forever.”
At Consensus 2025, Matt Hougan, renowned crypto analyst and Bitwise CIO, spoke about debt, digital currencies, and where Bitcoin is headed next.
In this interview, Matt unpacks why institutional demand, supply scarcity, and global fiat skepticism could push Bitcoin above $200K by the end of 2025. We also dive into the role of Ethereum, Solana, and potential XRP ETFs, along with Matt’s take on whether Bitcoin could ever rival the US dollar.
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