The Investopedia Express with Caleb Silver What’s Next For Bitcoin After the Fall?
Jan 12, 2026
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shares insights on the shocking October 2025 Bitcoin crash. He explains how leverage and liquidity issues caused this massive sell-off. Looking ahead, Hougan predicts a bright future for Bitcoin in 2026, driven by new ETF issuances and institutional adoption. He also discusses the impact of the Clarity Act on regulatory certainty and potential investment benefits. With predictions on rising crypto ETFs and markets, Hougan highlights the evolving landscape of digital assets.
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Fed Faces Unprecedented Criminal Probe
- The DOJ served grand jury subpoenas related to the Fed's $2.5 billion renovation, threatening criminal charges.
- Jerome Powell warned this risks politicizing monetary policy and undermining Fed independence.
Uncertainty Kills Market Momentum
- Markets reacted negatively to the uncertainty about the Fed, knocking off early-year gains.
- Caleb Silver notes uncertainty acts like kryptonite for investors and halted momentum.
October Leverage Washout
- Matt Hougan recounts October 2025's sell-off after a Friday tariff announcement triggered liquidity squeezes.
- He says about $20 billion of leveraged crypto positions evaporated in hours causing the large drawdown.