Bitwise Chief Investment Officer Matt Hougan said stronger Bitcoin momentum, improving ETF demand and rising institutional adoption may point to the early stage of a new crypto bull market. He noted that Bitcoin has gained 9% since July 1, while the Nasdaq 100 has fallen 6% over the same period. Hougan also said market sentiment and ETF flows have improved, though he added that the market has not yet confirmed a bottom.
Looking ahead, Hougan said the next crypto cycle is likely to focus on the convergence of blockchain technology and traditional finance. He highlighted stablecoins, tokenization, 24/7 trading, instant settlement and the expansion of institutional DeFi to the trillion-dollar level as key themes. He also pointed to Hyperliquid and Robinhood as two different paths for on-chain finance. According to Hougan, nearly half of Hyperliquid’s trading volume comes from traditional assets such as crude oil, silver and the S&P 500, while Robinhood launched Robinhood Chain on July 1 to support tokenized stocks and DeFi services.
Bitwise Chief Investment Officer Matt Hougan said stronger Bitcoin momentum, ETF demand and institutional adoption may be early signs of a new crypto bull market, according to Odaily. He said tokenization, stablecoins and blockchain-based financial markets are among the forces behind that shift.
Hougan said Bitcoin has risen 9% since July 1, while the Nasdaq 100 has fallen 6% over the same period. He also said market sentiment and ETF flows have improved, but the market has not yet confirmed a bottom.
Focus shifts to blockchain and traditional finance
Hougan said the next crypto cycle will center on the integration of blockchain technology with traditional finance. He listed stablecoins, tokenization, 24/7 trading, instant settlement and the expansion of institutional DeFi to the trillion-dollar scale as the main areas to watch.
Hyperliquid and Robinhood as two routes into on-chain finance
Hougan described Hyperliquid and Robinhood as two paths for on-chain finance. He said nearly half of Hyperliquid’s trading volume comes from traditional assets including crude oil, silver and the S&P 500. He also noted that Robinhood launched Robinhood Chain on July 1 to support tokenized stocks and DeFi services.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
