In this episode, Matt Hougan joins the show to discuss his bullish 2025 outlook for Bitcoin, why the US government needs stablecoins, and what’s next for the broader crypto industry. We also delve into how bullish institutions are compared to retail, Bitcoin's correlation to gold, and more. Enjoy!—Follow Matt: https://x.com/Matt_HouganFollow Felix: https://twitter.com/fejau_incFollow Forward Guidance: https://twitter.com/ForwardGuidanceFollow Blockworks: https://twitter.com/Blockworks_Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidanceForward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx—Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125—Timestamps:(00:00) Introduction(00:50) Macro & Crypto(04:38) Global Fiscal Impulse(06:18) The US Needs Stablecoins(09:30) US Embrace of Bitcoin(12:54) What’s Next for the Industry(15:17) Institutions are Bullish!(16:40) Fragmentation of ETF vs On-chain Assets(20:28) Bitcoin’s Correlation to Gold(21:38) Final Thoughts__Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.