Analysis: SEC Chairman's 'Project Crypto' Covers Multiple Key Opportunities That Have Not Yet Been Fully Priced In

According to Mars Finance news, on August 6, Bitwise Chief Investment Officer Matt Hougan stated that the SEC Chairman Atkins' speech on 'Project Crypto' serves as a 'roadmap for investment over the next five years,' highlighting three key opportunities: Ethereum/L1, super applications like Coinbase, and DeFi protocols. The entire speech revolved around public blockchains like Ethereum. Atkins believes that all assets—stocks, bonds, dollars, etc.—will eventually migrate to public blockchains; DeFi will play an important role in the future; crypto assets and blockchain can create exciting new business models; the main obstacle to this 'revolution' is the hostile regulatory environment, which has now completely reversed. Matt Hougan pointed out three immediate investment opportunities that stand out: the first and most obvious opportunity is to invest in Ethereum and other first-layer blockchains that support stablecoins and tokenization; the second is super applications like Coinbase and Robinhood, with bold predictions that one of these companies could become the world's largest financial services company, and even the first financial services company valued at over $1 trillion; the third is DeFi, which is not only a technological revolution but also a conceptual revolution. The SEC Chairman understands this. Under the SEC's new vision, assets like UNI could establish a more direct economic connection with their underlying protocols, unlocking tremendous value. Matt Hougan finally stated, 'This speech caught me off guard; currently, all of this has not been fully priced in by the market.'