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As optimism for 2026 grows in the cryptocurrency market, bullish statements from Bitwise Asset Management CIO Matt Hougan have drawn significant attention. Speaking in a live broadcast, Hougan stated that despite the volatility seen in 2025, accelerating institutional adoption and increasing regulatory clarity could trigger a strong new upcycle in the crypto market. He highlighted expectations of new all-time highs particularly for Bitcoin, Ethereum, and Solana. According to Hougan, while short-term fluctuations continue, the core structural trends of the market remain strong, and a more pronounced bullish dominance could emerge toward the end of the year.
New All-Time High Expectations for Bitcoin
Matt Hougan suggested that Bitcoin could break away from its traditional four-year cycle pattern. Instead of the typical post-halving surge followed by a sharp correction, he believes the market may transition into a more stable, institutionally supported uptrend. Hougan expects Bitcoin to reach new all-time highs. He also argued that as the market matures, Bitcoin’s volatility has declined compared to previous cycles and could even be lower than that of major technology stocks such as Nvidia. With growing institutional demand, exchange-traded funds (ETFs) are projected to continue absorbing a substantial portion of Bitcoin’s supply.
In his remarks, Hougan stated:
“Thanks to institutional demand, ETFs could absorb more than the total new supply of Bitcoin, Ethereum, and Solana.”
Regulatory Clarity Could Be a Catalyst for Ethereum and Solana
Hougan emphasized that new legislation providing regulatory clarity in the United States could serve as a major catalyst for the crypto market. If proposals such as the CLARITY Act are passed, Ethereum and Solana could be among the biggest beneficiaries. According to Hougan, these two networks are best positioned to benefit from the growth of the stablecoin ecosystem and the ongoing tokenization trend. Reduced regulatory uncertainty could pave the way for both Ethereum and Solana to achieve new price records.
The Bitwise CIO also noted that the number of crypto-focused ETFs in the U.S. could expand rapidly. He estimates that more than 100 crypto-related ETFs may be launched in the coming period. Such expansion could accelerate institutional capital inflows into the market, significantly boosting demand for both Bitcoin and major altcoins.
Evaluation
Matt Hougan’s outlook signals strong bullish expectations for 2026. Increasing institutional adoption, clearer regulatory frameworks, and rising ETF demand could open the door to new highs for major projects like Bitcoin, Ethereum, and Solana. In particular, if legislation such as the CLARITY Act is enacted, Ethereum and Solana may have the potential to reach record-breaking levels. In the coming period, institutional capital flows and regulatory developments will likely be the key drivers shaping the direction of the crypto market.
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