
 Markets Outlook
 Markets Outlook Matt Hougan: 'Solana Has One of the Best Setups for a Crypto Asset in 8 Years' | Markets Outlook
 Oct 7, 2025 
 Join Matt Hougan, Chief Investment Officer at Bitwise Asset Management and crypto enthusiast, as he dives into the current crypto rally and why Bitcoin may soar to $200,000 this year. He highlights the critical role of institutional interest and ETF flows, while showcasing Solana's potential as a top contender alongside Ethereum. Matt argues that Solana's speed and impending ETP approvals position it well for explosive growth, despite some risks. He also shares insights on the future of DeFi and the evolving crypto landscape. 
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Price And Flow Momentum
- Markets are watching prices and ETF flows closely as Bitcoin hits all-time highs.
- Matt Hougan says new ETP launches and flows make this a particularly exciting time in crypto.
Debasement Trade Fuels Bitcoin
- Two forces drive Bitcoin: the 'debasement trade' and ETF inflows.
- Hougan expects ETF flows and institutional interest to accelerate into year-end.
ETF Flows Needed For Bull Case
- Hougan still views $200k Bitcoin by December 2024 as achievable.
- He says this requires $10–20 billion in Q4 ETF flows plus corporate and government buying.

