An experienced investor insists that holding these assets can safeguard savings as the U.S. national debt, already at $40 trillion, continues to rise.
The exchange’s executive mentioned the task set by U.S. Treasury Secretary Scott Bessent—maintaining GDP growth above 3% and reducing the budget deficit. Hogan believes the White House can either achieve the necessary productivity growth or reduce the real cost of debt through sustained inflation. Each scenario implies the use of different assets, making portfolio diversification the optimal strategy in times of economic uncertainty.
If Bessent’s plan succeeds, the adoption of AI could boost productivity across various sectors of the economy and support profit growth for major technology companies. Semiconductor manufacturers’ stocks have already shown gains: this year, Micron Technology shares rose 224.9%, and Advanced Micro Devices rose 108.8%.
If Bessent is right and we grow our way out, you want to be long AI stocks.
If Bessent is wrong and we inflate our way out, you want to be long bitcoin.
If you want to win in either scenario, own both.
— Matt Hougan (@Matt_Hougan) September 1, 2026In the event of weak economic growth, the Treasury has fewer options for managing its obligations, which could further fuel inflation. It may gradually erode the real value of government debt by weakening purchasing power and trust in traditional currencies, says a Bitwise executive. He identified Bitcoin as a hedge against precisely this scenario—Bitcoin’s fixed supply distinguishes it from government monetary systems.
Over the year, Bitcoin fell by 33%, reaching a local low in July as tight U.S. monetary policy pressured speculative assets, including cryptocurrencies. However, Bitcoin’s August rebound above $80,000 offset much of these losses, reducing its year-to-date decline to approximately 10.9%. Hogan noted that Bitcoin and stocks of companies involved in AI have consistently supported investor portfolios at various stages of the market cycle.
Bitcoin has corrected to $77,500. Daily trading volume decreased by 3.3% to $30.5 billion. Bitcoin’s market capitalization stands at $1.5 trillion.
Previously, Hogan suggested that Bitcoin’s allocation in investment portfolios could soon reach 3%, with many asset managers prepared to allocate even more to cryptocurrency. According to the investment director of the crypto exchange, another advantage of Bitcoin is its low correlation with stocks and bonds of major public companies.