Bitwise Chief Investment Officer Matt Hougan said in his latest weekly memo that Bitcoin could rise regardless of the economic outcome: an AI-driven productivity boom, a recession, or moderate growth. Bitcoin fell below $82,000 on Wednesday, trading around $81,700, after a hotter-than-expected US inflation report for September showed annual CPI at 3.7% and monthly core inflation at 0.3%. Traders raised the probability of another Fed rate hike in October to 41.5%, up from approximately 22% the previous day. Hougan expects every economic path to ultimately support Bitcoin over the long term, though he acknowledged that gains would not necessarily be immediate under every scenario.
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