Bitwise CIO Matt Hougan says conventional finance will gasoline the following crypto bull market, with Hyperliquid and Robinhood main the shift from each side.
Crypto Market Information
The subsequent crypto upswing could begin outdoors crypto itself, in accordance with Bitwise Chief Funding Officer (CIO) Matt Hougan’s July 22 weblog put up. His thesis rests on the merging of crypto and mainstream finance. Two companies sit on the coronary heart of it: Hyperliquid and Robinhood.
The pitch facilities on crypto habits crossing into outdated finance. Round-the-clock buying and selling is one instance. Hougan famous that conventional property, together with oil, silver, and the S&P 500, now make up nearly half of Hyperliquid’s quantity. And the platform retains branching out, he mentioned, with spot commodities, prediction markets, and choices being subsequent. On the opposite aspect stands Robinhood’s Chain, a layer-2 community. Hougan solid it as a power that might pull extra customers into crypto.
The Cash Bitwise Is Betting On
Hougan expects a broad elevate if he’s proper. “I think the approaching bull market will probably be sufficiently big to elevate a lot of the sector,” he wrote. He listed his favorites as Bitcoin, Ethereum (ETH) and Solana (SOL). Crypto-linked equities additionally make his listing.
This optimism isn’t new for him. Again in February 2026, he mentioned the top of the crypto winter was shut. “We’re nearer than you suppose,” he wrote then.
Associated Article: Hyperliquid’s HIP-4 Opens Prediction Markets to Permissionless Deployment
Bitcoin Demand Reveals Early Life
A Bitwise colleague noticed a supporting sign. Andre Dragosch runs European analysis on the agency, and posted on X on July 23 that Bitcoin demand is “re-accelerating.” The metric he cited is clear demand. It weighs freshly mined cash in opposition to those who haven’t moved in a 12 months or extra.
Skeptics urge warning on the timing. Loads of merchants agree the underside could also be forming. Even so, they anticipate the downturn to pull on for months.
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