On Aug. 21, Bitwise Chief Investment Officer Matt Hougan commented on Bessent’s move to step up U.S. Treasury buybacks, arguing that government efforts to push down long-term interest rates erode the value of savings. In that setting, he said, investors need hard assets to escape the pressure on stored wealth. Hougan framed Bitcoin as the strongest option in that race, writing that it is 「the fastest horse」 among hard assets. The remarks were cited by BlockBeats and centered on Bitcoin’s role as a store of value when policy action suppresses long-dated yields.
BlockBeats reported on Aug. 21 that Bitwise Chief Investment Officer Matt Hougan weighed in on Bessent’s decision to increase U.S. Treasury buybacks, saying: 「When the government artificially suppresses long-term interest rates, it erodes the value of savings. Investors need to buy hard assets to escape that trap. Bitcoin is the fastest horse in this race.」
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