CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

The Daily Hodl 2025-02-12 19:05:08

Bitwise CIO Matt Hougan Says Setup for Altcoins Stronger Now Than Any Time in History – Here’s His Forecast

The opportunities in altcoins are probably bigger and more plentiful than ever before, according to Bitwise chief investment officer Matt Hougan. In a new note to investors, Hougan says that the situation for altcoins “is more complex” than it was in previous bull markets since there isn’t any major new application driving interest like in 2020 or 2017. Hougan says the main narrative in altcoins right now is memecoins, which has turned out to ultimately have been a short-term casino environment that lacks substance for serious investors. However, the investor says long-term, “the setup for altcoins is stronger than at any point in history.” “For the past four years, altcoins have largely been in a regulatory gray zone, with the SEC (Securities and Exchange Commission) alleging that most are illegal securities offerings. This has stunted real-world adoption and kept large firms and the best developers from building in the space. All that has been reversed. Today, the US has made the growth of stablecoins a national priority, which will support the growth of Ethereum and Solana. Today, the largest institutions in the world feel safe building on crypto, which will bring DeFi (decentralized finance) applications to the masses. If you squint, you can see evidence of this shift in things like stablecoin AUM (assets under management), which recently hit an all-time high, or in new projects like Ondo Finance’s recent move to tokenize all stocks and ETFs (exchange-traded funds) in the U.S. That project would never have gotten off the ground under the past administration. In a year or two, my guess is that you’re not going to have to squint to see the transformation in altcoins; the impact will be self-evident. And overwhelming.” Hougan also highlights that sentiment in crypto is extremely low right now, and while it’s hard to identify a specific catalyst for price expansion, he says it’s “harder to imagine a scenario where the market isn’t significantly bigger in the next few years.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/optimarc The post Bitwise CIO Matt Hougan Says Setup for Altcoins Stronger Now Than Any Time in History – Here’s His Forecast appeared first on The Daily Hodl .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta