Bitwise CIO: The Next Crypto Bull Run Will Revolve Around Stablecoins, Tokenization, and Institutional DeFi
Odaily Planet Daily News Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin's increasing momentum, ETF demand, and institutional adoption may signal the early stages of a new crypto bull run, driven by factors including tokenization, stablecoins, and blockchain-based financial markets.
Hougan noted that since July 1st, Bitcoin has risen by 9%, while the Nasdaq 100 index has fallen by 6%. He said that market sentiment and ETF fund flows have improved, but the market has yet to confirm a bottom.
Hougan believes the next crypto cycle will focus on the integration of blockchain technology with traditional finance, encompassing stablecoins, tokenization, 24/7 trading, instant settlement, and the expansion of institutional DeFi to trillion-dollar scales.
Hougan cited Hyperliquid and Robinhood as two distinct paths for on-chain finance. He indicated that nearly half of Hyperliquid's trading volume comes from traditional assets such as crude oil, silver, and the S&P 500. Meanwhile, Robinhood launched Robinhood Chain on July 1st to support tokenized stocks and DeFi services.
Hougan noted that since July 1st, Bitcoin has risen by 9%, while the Nasdaq 100 index has fallen by 6%. He said that market sentiment and ETF fund flows have improved, but the market has yet to confirm a bottom.
Hougan believes the next crypto cycle will focus on the integration of blockchain technology with traditional finance, encompassing stablecoins, tokenization, 24/7 trading, instant settlement, and the expansion of institutional DeFi to trillion-dollar scales.
Hougan cited Hyperliquid and Robinhood as two distinct paths for on-chain finance. He indicated that nearly half of Hyperliquid's trading volume comes from traditional assets such as crude oil, silver, and the S&P 500. Meanwhile, Robinhood launched Robinhood Chain on July 1st to support tokenized stocks and DeFi services.
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