Bitcoin News
By Maheen Hernandez
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Zcash Hits $1,000 and Lands Its First U.S. Spot ETF. Zcash is the more surprising pick. It crossed $1,000 for the first time since its 2016 launch,…
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Stablecoins, Tokenization, and the $175 Trillion Advisor Market. Back in June, Hougan laid out a broader map. Bitwise is focused on stablecoins and the…
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Matt Hougan has a lot to say right now. The Chief Investment Officer at Bitwise — not usually the type to name specific coins in interviews — went on record backing both Bitcoin…
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His core argument on Bitcoin isn't complicated. Governments keep piling on debt. National currencies lose purchasing power over time.
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And on cycles — Hougan thinks the old four-year Bitcoin halving cycle is basically done. Institutional money from large financial entities, he said, will push Bitcoin past the…
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Zcash is the more surprising pick. It crossed $1,000 for the first time since its 2016 launch, hitting a market cap of $17 billion — enough to leapfrog Dogecoin.
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The institutional side is moving too. Grayscale converted its Zcash Trust into ZCSH, making it the first U.S. spot Zcash ETF. By September 3, the fund had pulled in $414.7 million.
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Hougan's been pushing on this privacy angle for months. It's not a new position for him. But the Grayscale ETF conversion gives it a regulated, institutional wrapper that wasn't…
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Read also: BlackRock’s IBIT Dominates Bitcoin ETF Inflows, Snagging $454 Million in One Day
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Back in June, Hougan laid out a broader map. Bitwise is focused on stablecoins and the tokenization of real-world assets — not just Bitcoin.
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His picks beyond Bitcoin and Zcash: Ethereum as a foundational settlement layer, Solana for high-throughput transactions, and Uniswap as a decentralized exchange now burning $1…
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Tokenization keeps coming up in Hougan's thinking. The idea is that traditional financial assets — bonds, real estate, fund shares — get represented on-chain, making them easier…
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Stablecoins sit alongside tokenization in his view. They're not just a trading tool. They're infrastructure — the dollar-denominated layer that makes crypto usable for real…
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Related: Bitcoins 25% Surge Sparks Familiar Debate Over Market Cycle Claims
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Zcash's $17 billion market cap. Uniswap burning $1 million in UNI daily. Bitcoin's internal fair value model at $224,000.
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