#BitwiseBitcoinETF #MarketPullback #AltcoinETFsLaunch #BinanceHODLerC #WriteToEarnUpgrade Bitwise exec says a bet on Solana gives ‘two ways to win’
Bitwise’s Matt Hougan said Solana has good odds of winning a larger share of the stablecoin and tokenization market.
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Stephen Katte
Stephen Katte
19 minutes ago
Bitwise exec says a bet on Solana gives ‘two ways to win’
Bitwise’s Matt Hougan said Solana has good odds of winning a larger share of the stablecoin and tokenization market.
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Bitwise exec says a bet on Solana gives ‘two ways to win’
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Bitwise chief investment officer Matt Hougan says his bullish outlook on layer-1 blockchain Solana stems from two main factors that set it apart from competitors like Ethereum.
“I love investments that give me two ways to win,” Hougan said in an X post on Thursday, explaining that Solana
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is making a “bet” the stablecoin and tokenization infrastructure market will grow, and that it will “win an increasing share of that market,” which “seem like good bets to me.”
“I think people dramatically underestimate how much and how quickly these technologies will remake markets. It’s easy for me to imagine this market growing by 10x or more,” Hougan added.
“I’m very bullish on Ethereum and select other blockchains. But I do like Solana’s odds of winning a larger share of this market. It offers fast, user-friendly technology, backed by a great community with a ship-fast attitude.”
Hougan also sang Solana’s praises earlier this month, predicting the blockchain would become the Wall Street network of choice for stablecoins, while Bitwise CEO Hunter Horsley has also been spruiking it, arguing that Solana could gain over Ethereum in the staking exchange-traded fund market, citing its design as more favorable for investors.