Crypto’s Value Lies in Trillion-Dollar Markets, Bitwise Says

Bitwise CIO Matt Hougan highlights the scale of opportunity in crypto, often underestimated by its critics.

• Bitcoin competes with gold's $25 trillion market. Capturing under 10% justifies its valuation.
• Ethereum, Solana, and other blockchains aim to handle payments, settlements, tokenized assets.
• Global payments process $1.8 quadrillion annually; stocks, bonds, real estate total $665 trillion.
• Tether could reach a $500 billion valuation, dominating stablecoin markets, potentially replacing local currencies in some regions.

The report suggests crypto targets vast global markets rather than small opportunities.