Bitwise CEO: SpaceX’s Valuation Upon IPO Could Rival the Entire Crypto Market Excluding Stablecoins

Odaily Odaily reported that Bitwise CEO Hunter Horsley posted on X, stating that if SpaceX goes public in the future, its valuation could be comparable to the total market capitalization of the entire cryptocurrency market excluding stablecoins. This indicates that the crypto market is still in a relatively early stage and is not yet large in scale. Hunter Horsley also noted that the market’s focus should not be on competition between specific assets or projects, but rather on whether they can create genuinely valuable products and services, and drive the widespread application of blockchain technology in the real world. Bitwise supports all individuals and teams working toward this goal.