Bitwise CIO Matt Hougan identified the sole AI-driven scenario in which Bitcoin would fail to benefit: a sharp recession accompanied by no government stimulus response. Such conditions could push BTC below its June lows, though Hougan considers this outcome unlikely. Hougan's assessment suggests that under most AI-related economic scenarios—including those involving government intervention—Bitcoin is positioned to outperform. The comment highlights growing institutional framing of BTC as a hedge against both technological disruption and monetary policy responses.