Bitwise CIO Matt Hougan Praises an Altcoin: “It’s Not Targeting the $3 Trillion Crypto Market, but the $600 Trillion Global Market”

Matt Hougan, CIO of crypto asset management company Bitwise, made noteworthy statements about the decentralized transaction platform Hyperliquid. Hougan stated that Hyperliquid is not just a crypto application, describing the platform as a “super application.”

Matt Hougan stated, “Hyperliquid isn’t a crypto app. It’s a super app.” He also argued that the platform’s target market isn’t limited to the crypto sector, saying, “Hyperliquid isn’t targeting the $3 trillion crypto economy. It’s targeting the $600 trillion global asset market.”

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Hyperliquid, which has shown rapid growth recently, especially in the futures market, stands out with its decentralized exchange model. The platform’s HYPE token is prominent as the ecosystem’s core asset, and institutional companies are showing increasing interest in the project. Recently, Bitwise announced that it would purchase HYPE tokens with a portion of the Bitwise Hyperliquid ETF (BHYP) management fees and hold them on its balance sheet.

Binance CEO Changpeng Zhao had previously made statements supporting Aster, a decentralized cryptocurrency exchange that competes with Hyperliquid.

*This is not investment advice.

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