Bitwise: Bitcoin Is Actually Two Bets in One… And Its Biggest Rally Hasn’t Started Yet

Bitwise: Bitcoin Is Actually Two Bets in One… And Its Biggest Rally Hasn’t Started Yet

From The Milk Road Show by The Milk Road Show

April 22, 2026 · 36 min

About this episode

The episode discusses Bitcoin's potential as both a store of value and a global settlement asset, featuring insights from Bitwise's Matt Hougan and Ryan Rasmussen.

🧠 See exactly what top investors are trading in real time: try Milk Road Pro for just $1 for 7 days. ⁠⁠⁠⁠⁠⁠⁠ ~~~~~ In today’s episode, Matt Hougan and Ryan Rasmussen from Bitwise just made the case that Bitcoin might be massively undervalued. And get this - they think $1M Bitcoin could actually be too conservative. Their pitch? Bitcoin isn't just a store of value. It's actually two bets in one. Digital gold AND a future global settlement asset for a world that's slowly losing trust in traditional monetary systems. Two megatrends. One asset. That's the thesis. ~~~~~ ⁠⁠⁠⁠⁠⁠⚡Wealth is evolving, use Nexo to earn, borrow, and trade crypto all in one secure platform⁠⁠⁠⁠⁠⁠ ⁠⁠🌊 Trillions are stuck offchain, build RealFi with Pharos and join the AtlanticOcean Testnet. ⁠⁠ ⁠⁠⁠⁠⁠🎟️ Be where the next crypto cycle starts: get 20% off our Consensus ticket with code MILKROAD.⁠⁠⁠⁠⁠ ~~~~~ 🔧 Tools & Channels ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🥛 Check prices, drink coffee, read Milk Road. It’s the easiest 5-minute habit to stay smart on crypto. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ~~~~~ ✊ Follow Milk Road on Social Media: 👉 Milk Road Twitter…

People in this episode

Guests: Matt Hougan, Ryan Rasmussen

Topics covered

  • Bitcoin
  • investment
  • cryptocurrency
  • digital gold
  • monetary systems

Keywords

  • Bitcoin
  • investment
  • digital gold
  • global settlement
  • cryptocurrency

Sponsors

Nexo

Mentioned in this episode

Organizations: Bitwise, Pharos, Milk Road

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