Bitwise CIO Matt Hougan argues Bitcoin benefits across all AI macro scenarios

Bitwise CIO Matt Hougan stated in an investor note that Bitcoin is positioned to benefit regardless of how the AI narrative unfolds, comparing macro outcomes to a "Choose Your Own Adventure" book. If AI leads to "superabundance," value flows to scarce assets like Bitcoin; if the AI bubble bursts, he anticipates a near-certain government bailout and money-printing, an environment he believes Bitcoin is built for. Hougan acknowledged risks such as a global government crackdown or quantum computing threats, but concluded that macro factors matter less than most people think.