Matt Hougan: The rise in gold reflects the sovereign-level "self-custody" wealth trend

2026-01-26 16:05:20

PANews January 26 News, Bitwise Chief Investment Officer Matt Hougan stated that behind the current surge in gold prices, besides concerns over debt and currency devaluation, an even more important factor is the surge in demand for “self-custodied wealth” at the sovereign level of various countries. He pointed out that this factor has been seriously underestimated by the market but is now becoming a key driver of gold buying.

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