Matt Hougan, Chief Funding Officer at Bitwise Asset Administration, mentioned in a Monday word that long-term buyers ought to give attention to the broader cryptocurrency market moderately than selecting between chains like Ethereum (CRYPTO: ETH) or Solana (CRYPTO: SOL).
Hougan Says No One Can Predict Which Chain Wins
Hougan mentioned he stays skeptical of claims that any single community — Ethereum, Solana or Bitcoin (CRYPTO: BTC) — will dominate the way forward for blockchain adoption.
He famous that even after eight years within the trade and every day discussions with founders, VCs, and researchers, he nonetheless “can not inform you with confidence which chain will win.”
He argued that outcomes rely on regulation, execution, macro circumstances, and “100 different variables,” making assured predictions unrealistic.
“Individuals who declare certainty are, I believe, fooling themselves,” he wrote.
His feedback come as buyers more and more examine efficiency and developer exercise between Ethereum and Solana, with each ecosystems experiencing speedy progress.
The Case For Index Funds Over Chain Choosing
Given the uncertainty, Hougan mentioned his highest-conviction strategy is to purchase a market-cap-weighted cryptocurrency index fund moderately than wager on particular person blockchains.
The technique provides publicity to potential winners whereas avoiding the chance of backing the mistaken chain throughout a interval of explosive progress.
He expects the general cryptocurrency market to broaden considerably over the following decade as stablecoins, tokenization, and decentralized finance mature.
Hougan cited feedback from SEC Chair Paul Atkins, who advised Fox Enterprise that each one U.S. fairness markets may transfer onchain inside a couple of years, calling it a “100,000x shift” from at the moment’s small base of tokenized shares.
“My highest-conviction wager in crypto is that this: Crypto shall be way more essential in 10 years than it’s at the moment,” Hougan mentioned.
He added that selecting a sequence incorrectly may end in underperformance even in a market that grows exponentially.
Why Hougan Believes 2026 Is A Breakout Yr For Indexing
Hougan expects cryptocurrency index funds to realize vital traction in 2026 because the market turns into extra advanced.
He mentioned index merchandise assist buyers seize progress throughout sectors equivalent to prediction markets, privateness applied sciences, digital id, and tokenized belongings with out navigating speedy shifts in market management.
He additionally famous that new rules and increasing institutional participation will speed up the adoption of diversified index publicity.
“Crypto index funds are going to be an enormous deal in 2026,” he wrote.
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