In this episode of the AllInCrypto Podcast, Matt Hougan, CIO of Bitwise Asset Management, to break down where the crypto market stands today and what could come next.

We discuss why institutional demand for Bitcoin ETFs remains strong despite weak retail sentiment, how stablecoins and tokenization could reshape global finance, and why crypto may play a much bigger role in the future financial system than most investors realize.

Matt also shares his outlook on the current market cycle, whether this is a classic crypto winter, why the altcoin market has struggled, where value may accrue across layer 1s, DeFi, and apps, and what could eventually lead the market higher again.

We also cover Bitcoin valuation