Odaily Planet Daily reports that Matt Hougan, Chief Investment Officer at Bitwise, said that strengthening Bitcoin momentum, ETF demand, and institutional adoption may signal early signs of a new crypto bull market, driven by tokenization, stablecoins, and blockchain-based financial markets. Hougan noted that since July 1, Bitcoin has risen 9% while the Nasdaq 100 has declined 6%. He added that 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 convergence of blockchain technology with traditional finance, including stablecoins, tokenization, 24/7 trading, instant settlement, and the expansion of institutional DeFi to a trillion-dollar scale. Hougan views Hyperliquid and Robinhood as two pathways to on-chain finance. He noted that 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 CIO Predicts Next Crypto Bull Market to Focus on Stablecoins, Tokenization, and Institutional DeFi
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Summary
Bitwise CIO Matt Hougan told On-Chain News that the next crypto bull market will center on stablecoins, tokenization, and institutional DeFi. Bitcoin rose 9% since July 1, while the Nasdaq 100 fell 6%. Market sentiment improved due to ETF inflows, but a market bottom remains unconfirmed. Hougan highlighted Hyperliquid and Robinhood as key on-ramps to on-chain finance. Hyperliquid processes half its volume in traditional assets, while Robinhood’s Robinhood Chain supports tokenized stocks and DeFi services. A recent DeFi exploit underscored the need for stronger institutional-grade security in the space.
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