Matt Hougan, CIO at Bitwise Asset Management, believes a powerful shift is underway—one that could reshape how companies manage their capital.
In a recent appearance on CNBC, Hougan highlighted a growing trend: more public firms are adding Bitcoin to their balance sheets, viewing it as a safeguard against the weakening U.S. dollar.
According to Hougan, traditional cash management strategies are beginning to look outdated. Companies sitting on large reserves of capital have typically relied on short-term U.S. Treasuries or cash holdings.
But with rising deficits and aggressive monetary expansion, confidence in fiat stability is fading. As a result, Bitcoin is emerging as an attractive alternative for capital preservation.
Hougan sees this movement as more than a passing trend. He describes it as a “megatrend” still in its early stages—one that’s gaining momentum fast. He predicts that eventually, thousands of public companies will hold Bitcoin as part of their treasury strategy.
What’s fueling this acceleration, he argues, is the market’s response. Investors are beginning to reward firms that take a proactive stance on Bitcoin. As more companies recognize the reputational and financial upside of crypto exposure, the pace of adoption could grow exponentially.
In Hougan’s view, this is just the beginning of a long-term structural shift—and Bitcoin, he says, is leading the charge.
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