Bitwise’s Matt Hougan Says Crypto Bottomed in June, Expects a Good End to 2026
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Bitwise Chief Investment Officer Matt Hougan said the crypto market bottomed in June and that a multi-year bull market is underway, though he cautioned investors to expect several weeks of uncertainty before conditions improve. His call came just a day before bitcoin slipped below $74,000 following a hotter-than-expected inflation report, underscoring the tension between his longer-term thesis and near-term macro pressure. Hougan, whose firm manages crypto index and exchange-traded products, expects a strong finish to 2026 rather than an immediate rally. The episode highlights how sensitive digital-asset prices remain to inflation data and Federal Reserve rate expectations even as industry figures argue the cycle has turned. Traders will watch whether bitcoin can reclaim and hold above $74,000 in the sessions ahead, and whether upcoming inflation and policy signals validate or undercut Hougan's bottom call.
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Matt Hougan, Bitwise, Bitcoin (BTC)
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