Matt Hougan, Bitwise’s chief funding officer (CIO), said in a prolonged publish on his social media account that he sees “big bull market potential” for Solana (SOL).
Hougan in contrast Bitcoin and Solana, claiming that each belongings supply buyers the chance to “win each methods.”
Hougan summarized his funding technique as follows:
The most effective crypto investments supply two-way returns. I consider that investing in Bitcoin will each develop the worldwide ‘retailer of worth’ market and improve Bitcoin’s share of that market. If even one among these occurs, the funding shall be profitable.
Hougan said that Bitcoin shares a market share between gold and Bitcoin in a “retailer of worth” market of roughly $27.5 trillion, reminding that this market has grown 10-fold within the final 20 years and that Bitcoin may attain a possible of $6.5 million within the coming interval.
Hougan utilized related logic to Solana:
“Once I invested in Solana, I believed in two issues: that the stablecoin and tokenization infrastructure market will develop, and that Solana will improve its share of that market. I believe each of those situations are fairly prone to occur.”
Hougan said that Ethereum is a frontrunner in stablecoin issuance and tokenization, however added that Solana has been quickly gaining share not too long ago because of its excessive transaction pace, user-friendly infrastructure, and energetic developer group.
Hougan famous that Solana has additionally made progress within the company subject and reminded that Western Union selected Solana for its not too long ago launched stablecoin challenge:
“The mixed development of the market and Solana’s share may create an explosive surge in worth, identical to Bitcoin.”
*This isn’t funding recommendation.
