The Chief Investment Officer (CIO) of Digital Asset Firm Bitwise, Matt Hougan, is of the opinion that the Pro-Crypto Stance that has recently taken the US Securities and Exchange Commission (SEC) is huge for industry.
In a new blog post, Hougan says that the recent speech by the chairman Paul Atkins outlines a future in which traditional assets will be moved to public block chains and where decentralized finances (Defi) plays a greater role, the “most bullish document” is that he once encountered crypto.
According to Hougan, the SECs Pivot is “not priced” from a crypto antagonist to a crypto catalyst.
The ‘most obvious opportunity’, according to the Bitwise CIO, is the low-1 blockchain sub-sector that supports Stablecoins and tokenization.
“No genius is needed to see it: if all assets essentially go to public block chains, you want exposure to those block chains.
Which one?
The best approach is likely to buy a basket of the leading assets: Ethereum, Solana, Cardano, XRP, Avalanche, Aptos, Sui, near, and so on. “
While the cloud of regulatory uncertainty that disappears the growth of Defi apps, Hougan says that the sector still offers a chance.
“Despite the lack of clarity of the regulations, Defi apps have a considerable use. Uniswap, the largest place for spot trade, $ 88 billion in trade volume in June, the best month ever. Defi -credit protocols such as Aave also became a new high, with $ 56 billion in total value -locked.
Could these figures with more clarity rise by 10x? 50x? 100x? As traditional and crypto markets come together, the chance is huge. “
The Bitwise CIO says that super apps that offer a wide range of financial services to their users are probably another beneficiary of the 180 degree pivot point of the SEC.
“… It is hard not to think of Coinbase and Robinhood, two companies that have embraced the super-app concept, albeit from different ends of the spectrum: Coinbase started in crypto and moves towards traditional assets, while Robinhood started in traditional assets and goes quickly to crypto.
I will go on a limb here: one of these companies could become the largest financial service provider in the world, perhaps even the first financial services that are more than $ 1 trillion. “
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Generated image: midjourney