BITWISE CIO SEES CRYPTO GROWING 10–20X IN THE NEXT DECADE

Summary from the TLDR Crypto newsletter

Bitwise CIO Matt Hougan projects crypto growing 10-20x over the next decade, citing SEC Chair Paul Atkins's expectation that all US equities will move onchain within "a couple of years," contrasting $68 trillion in US equities against $670 million in tokenized stocks today. Despite eight years working in crypto, Hougan argues that blockchain winner-picking remains nearly impossible as outcomes depend on regulation, execution, macro conditions, and luck among hundreds of variables. Market-cap-weighted index exposure is preferable to directional chain bets to avoid backing the wrong horse even in a rapidly growing market.