According to Odaily Planet Daily, Bitwise CIO Matt Hougan posted on the X platform that the most common mistake many crypto skeptics make today is underestimating the scale of the market cryptocurrency is poised to enter. Bitcoin is already a $2.3 trillion asset, and few other assets in the world can reach that scale. Bitcoin is targeting a massive market, comparable to gold's $25 trillion market cap, and Bitcoin is competing with it.

Ethereum and Solana are competing in areas such as the issuance, trading, and settlement of stablecoins and asset tokens. These are massive markets—according to SIFMA and Savills, the combined value of stocks, bonds, and real estate is $665 trillion. McKinsey points out that the global payments industry processes 340 billion transactions annually, totaling $180 trillion.