E12: What Wall Street Wants From Bitcoin Yield - Matt Hougan Chief Investment Officer at Bitwise

Subscribe for early access to interviews and exclusive research. https://www.bitcoinyield.com/#newsletter Matt Hougan, Chief Investment Officer at Bitwise, joins Jacob Brown to discuss what Wall Street wants from Bitcoin yield, how spot ETFs changed institutional access, and why a 60/40 portfolio still leaves investors exposed to fiat. We also explore Bitwise’s covered-call work with Lombard, the shift toward onchain asset management and automated token portfolios (ATPs), investor rights in tokenized stocks, and how quantum-risk questions can delay institutional allocations. CHAPTERS 00:00 Introducing Matt Hougan 00:45 What Bitcoin yield means to Wall Street 02:07 From owning Bitcoin to seeking yield 05:47 Rethinking the 60/40 portfolio 08:36 Bitcoin ETFs and the gold-market comparison 11:26 What brings the next wave of institutional adoption? 13:17 Bitcoin’s role alongside the rest of crypto 15:29 Beyond ETFs: automated token portfolios 18:18 Tokenized stocks and investor rights 21:04 How Bitwise evaluates onchain partners 22:54 Lombard, LBTC, and covered-call strategies 25:34 Quantum risk and institutional allocation delays 29:20 What’s next for Bitwise? 31:00 AI stocks, Bitcoin, and the debt problem 31:37 Closing thoughts GUEST LINKS Bitwise: https://bitwiseinvestments.com/ Matt Hougan on X: https://x.com/Matt_Hougan BITCOINYIELD Website: (https://www.bitcoinyield.com/ Newsletter: https://www.bitcoinyield.com/#newsletter X: https://x.com/bitcoin_yield Instagram:   / bitcoin_yield   TikTok:   / bitcoin_yield