Bitwise CIO:下一轮加密牛市将围绕稳定币、代币化和机构DeFi展开
2026-07-26 21:37
Odaily Planet Daily News Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin's momentum is strengthening, ETF demand and institutional adoption may show early signs of a new crypto bull run, with driving factors including tokenization, stablecoins, and blockchain-based financial markets.
Hougan pointed out that since July 1, Bitcoin has risen 9%, while the Nasdaq 100 index has fallen 6%. He said market sentiment and ETF fund flows have improved, but the market has not yet confirmed a bottom.
Hougan believes the next crypto cycle will focus on the integration of blockchain technology with traditional finance, including stablecoins, tokenization, 24/7 trading, instant settlement, and the expansion of institutional DeFi to trillions of dollars in scale.
Hougan views Hyperliquid and Robinhood as two paths for on-chain finance. He said nearly half of Hyperliquid's trading volume comes from traditional assets such as crude oil, silver, and the S&P 500. Robinhood launched Robinhood Chain on July 1 to support tokenized stocks and DeFi services.
Hougan pointed out that since July 1, Bitcoin has risen 9%, while the Nasdaq 100 index has fallen 6%. He said market sentiment and ETF fund flows have improved, but the market has not yet confirmed a bottom.
Hougan believes the next crypto cycle will focus on the integration of blockchain technology with traditional finance, including stablecoins, tokenization, 24/7 trading, instant settlement, and the expansion of institutional DeFi to trillions of dollars in scale.
Hougan views Hyperliquid and Robinhood as two paths for on-chain finance. He said nearly half of Hyperliquid's trading volume comes from traditional assets such as crude oil, silver, and the S&P 500. Robinhood launched Robinhood Chain on July 1 to support tokenized stocks and DeFi services.
