Hougan invests by pairing a macro bet on the growth of stable‑coins and tokenisation with a micro bet that Solana will capture an expanding slice of that market. The combination multiplies upside while limiting downside, a pattern he repeats across his portfolio.
View full episode →“Retail orders are internalised and rarely hit the exchange, giving brokers and market‑makers the profit”
“Meme‑stock rallies gave retail traders a louder voice, but institutional participants still dominate price formation”
“Institutions value retail participation because it generates fee revenue (PFOF) and keeps markets liquid”