Hougan said during the first quarter, stablecoin assets under management surged to “an all-time high of over $218 million.”“Growing stablecoin adoption will benefit adjacent sectors, including DeFi and other crypto applications,” he said. Related: Bitcoin rally to $86K shows investor confidence, but it’s too early to confirm a trend reversalThe firm also said that the “geopolitical chaos” seen in the global economy during Q1 2025, mainly after US President Donald Trump’s inauguration through his tariffs, “are pushing global investors to reassess their portfolios.”It comes only days after Hougan recently reiterated his prediction that Bitcoin may surge approximately 138% from its current price of $84,080 by the end of the year.“In December, Bitwise predicted that Bitcoin would end the year at $200,000.
That’s the best word to describe the past quarter,” Bitwise chief investment officer Matt Hougan said in a recent market report, calling Q1 the “best worst quarter in crypto’s history.”Bitcoin and Ether took an unusual hit in Q1Bitcoin (BTC) and Ether (ETH), the two largest cryptocurrencies by market capitalization, saw price declines of 11.82% and 45.41%, respectively, over Q1 2025 — a quarter that has historically seen strong results for both assets.
Source: CoinGlassHougan pointed to a few key catalysts that could help crypto deliver more upside to Q2. He noted the rise in global money supply, which “after years of tightening, central banks across the globe are signaling a shift toward monetary easing and M2 expansion.”“Historically, these conditions have been favorable for risk assets, particularly for digital assets,” Hougan said.
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Author / Journalist: Cointelegraph by Ciaran Lyons
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