Bitwise CEO said Bitcoin has shown noticeable resilience in the face of increasing global market instability caused by new tariff tensions, potentially on the crisis of a massive breakout.
In a recent interview, Hougan pointed to the relative stability of Bitcoin compared to the broader stock markets that have been shaken by President Trump’s recent tariffs on US trading partners. “The Bitcoin Bulls should be inspired by this performance,” Hogan said. “If we experience a period of stability in the broader stock market, we are poised to rise significantly.”
Hogan was in stark contrast to past periods of economic stress, particularly during the 2020 Covid-19 crash crash, when Bitcoin fell below $5,000. “It’s another asset,” he said. “There is a broader distribution of institutional ownership right now, but I think that when the volatility in this market rises, we can go back to the all-time high and beyond.”
Bitwise recently launched a series of cover call strategies targeting crypto stocks, including companies such as MicroStrategy, Marathon and Coinbase. These strategies aim to exploit the defining properties of cryptographic volatility by writing calls to high-beta positions to generate returns.
“We’ve seen strong trades, especially in micro-strategic products,” Hogan said, adding that demand is increasing from investors looking to gain exposure to crypto and generate revenue.
On the global macroeconomic front, Hougan sees Bitcoin as a long-term winner in the so-called “currency war” and moves away from its dependence on the US dollar as its sole reserve currency. “When Fiat currency falls, Bitcoin wins,” he said.
*This is not investment advice.
