Large investors are now turning to Bitcoin as a way to protect themselves from economic uncertainties, according to the chief investment officer of Bitwise, a crypto fund manager. In an interview on the Cheddar YouTube channel, Matt Hougan revealed that institutions are closely examining Bitcoin due to concerns about inflation and the rapid accumulation of debt by the US government. He stated that investors are particularly worried about the potential for inflation to resurface and the rising levels of debt, and they see Bitcoin as a hedge against these risks in their investment portfolios. Hougan pointed out that Bitcoin and gold are the only two assets not backed by debt, and investors are increasingly realizing that they need non-debt money in their portfolios. He added that while both gold and Bitcoin allow investors to store money outside of centralized institutions and fiat currencies, Bitcoin has more potential for growth and volatility as it is a relatively new asset. At the time of writing, Bitcoin is valued at $65,095.