Matt Hougan
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Matt Hougan exemplifies The Navigator by mapping where crypto assets actually stand against established benchmarks rather than where enthusiasm places them. His calibrated discount framework for Bitcoin and Ethereum reflects the navigator's first discipline, charting position before setting course.
“Backwardation is the exact opposite. If oil is at 50, you buy it at 45. As long as the spot price stays at 50, you make $5, which is whatever, 11, 12%. And that's a more positive situation. My issue with ETFs and all these futures-based ETFs is a lot, they're available to all retail investors.”
“I think those parallels are accurate. I think it is the next.com. But remember, the dot-com bubble created pets.com, but it also created Amazon. So, I think there are 2,000 cryptocurrencies out there, 95% of them are useless and will die a painful death. The sooner that happens, the better.”
“I knew you would ask about books, so I was thinking about the most important books I've read. The most important book to my life probably was a heartbreaking work of staggering genius by Dave Eggers, who both writes with unique clarity and also came at a time when I needed to rediscover my agency and ability to shape my life in the way th…”
“That would be the hope if the SEC approves this ETF, you will be able to buy it through an ETF the same way you buy gold through GLD or silver through SLV. It's the same idea. It's easy exposure in a familiar brokerage window to something you otherwise have to buy in a different way.”
Masters in Business: “Team Favorite At the Money: The Tech Behind a Crypto Future”
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