Institutional Shift Signals New Phase in Bitcoin’s Maturity, Says Bitwise CIO

Bitcoin is no longer the speculative playground it once was, according to Bitwise CIO Matt Hougan.

In a recent interview with Crypto Prime, Hougan described the current market cycle as a turning point—marking Bitcoin’s shift from a high-volatility asset into something far more strategic: a macro hedge.

Unlike previous bull runs led by retail enthusiasm and crypto-native traders, this phase is increasingly shaped by the involvement of institutional giants—hedge funds, corporations, and even governments—viewing Bitcoin as a tool for long-term value preservation.

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“Bitcoin isn’t the same asset it was five years ago,” Hougan noted, emphasizing its transformation from a fringe risk asset to a maturing financial instrument. Comparing its growth to adolescence, he suggested Bitcoin is in the process of redefining its role in global markets.

As Bitcoin begins to behave more like digital gold, Hougan believes its appeal will broaden, attracting a wave of new capital from those seeking a reliable hedge in a complex macroeconomic landscape.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.