# $1.3 Million Bitcoin Will Be “Relatively Easy,” Says Bitwise’s Matt Hougan | Markets Outlook

Page: https://stenobird.com/podcast/coindesk-podcast-network-334494/1-3-million-bitcoin-will-be-relatively-easy-says-bitwise-s-matt-hougan-markets-outlook
Text version: https://stenobird.com/podcast/coindesk-podcast-network-334494/1-3-million-bitcoin-will-be-relatively-easy-says-bitwise-s-matt-hougan-markets-outlook.md
Podcast: [CoinDesk Podcast Network](https://stenobird.com/podcast/coindesk-podcast-network-334494)
Published: 2026-09-03T18:26:00+00:00
Episode link: https://traffic.megaphone.fm/CDI3598429635.mp3
Audio file: https://traffic.megaphone.fm/CDI3598429635.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/coindesk-podcast-network-334494/episodes/1-3-million-bitcoin-will-be-relatively-easy-says-bitwise-s-matt-hougan-markets-outlook
Duration seconds: 913

## Resource

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, joins Jennifer Sanasie for a special edition of Markets Outlook from the New York Stock Exchange to unpack the market's overnight flip from despair to euphoria. Hougan explains why a traditional 60/40 portfolio is "100% fiat currency," why holding 0% Bitcoin has become a misallocation, and where he's allocating now. Plus, why he gives Bitcoin a good chance of reclaiming $100K this year and sees $1.3 million by 2035.  Stellar Development Foundation CEO Denelle Dixon also joins to unpack Stellar crossing $4 billion in tokenized real-world assets, a 400% jump since January. - Timecodes: 00:00 - Matt Hougan Joins Markets Outlook 00:45 - Despair to Euphoria: What Flipped the Market 03:20 - AI Stocks vs. Bitcoin 05:49 - Brand New Rails: Stellar Crosses $4B in Tokenized RWAs 08:05 - Bitcoin, Zcash, and the Tokenization Trade 14:15 - Matt's Bitcoin Price Prediction This Year and By 2035 - This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com. - This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co. - This episode was hosted by Jennifer Sanasie.

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/coindesk-podcast-network-334494/episodes/1-3-million-bitcoin-will-be-relatively-easy-says-bitwise-s-matt-hougan-markets-outlook/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/coindesk-podcast-network-334494/1-3-million-bitcoin-will-be-relatively-easy-says-bitwise-s-matt-hougan-markets-outlook.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.