Bitwise CIO: The next crypto bull market will revolve around stablecoins, tokenization, and institutional DeFi

robot
Abstract generation in progress
ME News, July 27 (UTC+8): Bitwise Chief Investment Officer Matt Hougan said that improving Bitcoin momentum, ETF demand, and institutional adoption may show early signs of a new round of crypto bull market. Its drivers include tokenization, stablecoins, and blockchain-based financial markets. Hougan noted that since July 1, Bitcoin has risen 9%, while the Nasdaq 100 index has fallen 6%. He said market sentiment and ETF capital 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 institutional DeFi expanding to trillion-dollar scale. Hougan views Hyperliquid and Robinhood as two paths to on-chain finance. He said that nearly half of Hyperliquid’s trading volume comes from traditional assets such as crude oil, silver, and the S&P 500, and that Robinhood launched Robinhood Chain on July 1 to support tokenized stocks and DeFi services. (Source: ODAILY)
BTC1.48%
NAS1001.45%
HYPE1.97%
HOOD-6.82%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned