
Bitcoin’s Future Comes Down To This One Question, Says Bitwise
The US President Donald Trump has formally established a strategic Bitcoin reserve last week—an action that has ignited both celebration and concern across the industry. At the heart of this debate is one central question: Will Bitcoin become a geopolitically important global macro asset like gold, or will it remain a niche holding among libertarians, cypherpunks, and speculators? That is the core takeaway from Bitwise’s latest investor memo, authored by Chief Investment Officer Matt Hougan. Titled “The Only Question That Matters in Bitcoin” and dated March 10, 2025, the memo underscores....
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