$1.3 Million Bitcoin Will Be “Relatively Easy,” Says Bitwise’s Matt Hougan | Markets Outlook

— Matt Hougan of Bitwise projects Bitcoin reaching $100K this year and $1.3 million by 2035, citing bullish macro conditions and institutional allocation inflecting from near-zero to meaningful percentages.

— A traditional 60/40 stock-bond portfolio is "100% fiat currency" exposure; investors should reduce bond duration and add crypto allocation to hedge against debt debasement or inflation scenarios.

— Stellar's tokenized real-world asset market grew 360% year-to-date to nearly $4 billion, with non-U.S. sovereign debt (Mexican CETAs, Brazilian bonds) emerging as a standout category where Stellar leads globally.

— Tokenization represents a decade-long super cycle with $300 billion currently on-chain versus $600 trillion in global assets—a 2,000x growth opportunity.

— Top crypto allocation picks: Bitcoin (debasement hedge), Solana (tokenized stocks leader), Hyperliquid (U.S. market catalyst), and Uniswap (Robinhood integration); Ethereum included in diversified L1 portfolio approach.

— Retail investors remain important signal-generators; institutions now entering with massive capital as crypto allocations move from 0% toward 1–10% of portfolios.

— Bitcoin near $180K (referenced as current price in 2030 prediction context); strong technical setup with "nice bottom" forming.

— Long-term treasury market intervention by Bessant sparked overnight despair-to-euphoria flip; global yields rising sharply; macro catalyst watch includes Bank of Japan, European central bank activity, and yen dynamics.

— Stellar RWA holdings: $490 million in tokenized sovereign debt; growth spans U.S. treasuries, private credit, and money market funds.

— $2 trillion crypto derivatives market and $200 trillion global assets TAM referenced as addressable by emerging protocols.

— Rebalance from traditional bonds toward shorter-duration treasuries (3-month instead of 10-year) and allocate freed capital to crypto (e.g., 60/35/5 or 60/30/10 equity/bond/crypto split) to hedge against both growth and inflation scenarios.

— Build diversified exposure across Bitcoin (macro hedge), Solana (tokenization bet), and liquid tier-1 blockchains rather than picking a single L1 winner; monitor Hyperliquid's U.S. market entry and Uniswap's Robinhood rollout for near-term catalysts.

— Track non-U.S. sovereign debt tokenization on Stellar and similar chains as an emerging institutional onramp separate from U.S. treasuries—early-stage signal of global capital migration.