
Capo Was Right
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Bitwise CIO Matt Hougan: “Ethereum is the leading play on stablecoins and tokenization” “The community had gone somewhat astray and was in the depths of despair earlier this year with a super long technical roadmap and accusations of being ‘ivory tower’, and now they’re much more tasked on the market. I think they’re shipping better. I think the community is focused on investors. I think it’s their market to lose on stablecoins and tokenization, so I’m very bullish on ETH and own a lot of it — it’s the second largest position in our crypto index fund. Very very bullish.” Matt believes the market is underestimating tokenization in particular: “You have the chair of the SEC saying the entire market will move onto blockchain-based rails. You have the CEO of the largest asset manager saying every asset will be tokenized. And yet, people still talk more about stablecoins than they do about tokenization. Tokenization is a bigger market. There’s $100 trillion of equities. There’s more of that of bonds. There’s even more of that in real estate. Those are enormous markets. The New York Stock Exchange, NASDAQ, CBOE, BlackRock, Goldman Sachs, J.P. Morgan — they’re all focused on this space. I just think it will happen faster than people think. I come from the ETF industry, and people were hugely skeptical of that as an evolution in financial markets. I saw the same sort of grassroots-level adoption there that I’m seeing in tokenization. I think people are underestimating the uptick.” Ethereum has 61.4% market share of all tokenized assets ($206.2 billion). Source: @KevinWSHPod (Jan 2026)

Unpopular opinion: "Meme coins" are the best infrastructure developers we have. Vibhu explains that the chaos of retail trading is what forced Solana to build DeFi infrastructure that doesn't break under load. "We survived the Trump coin launch, which is the single biggest thing that happened in crypto." You can’t simulate that kind of stress in a lab.





Remember when we all 100% believed the Bitcoin - global liquidity correlation?


Unpopular opinion: "Meme coins" are the best infrastructure developers we have. Vibhu explains that the chaos of retail trading is what forced Solana to build DeFi infrastructure that doesn't break under load. "We survived the Trump coin launch, which is the single biggest thing that happened in crypto." You can’t simulate that kind of stress in a lab.





solana ranks #1 in all-time developers. over 10,000 builders chose to build here. if you’re serious about building, this is where you do it.




MCP may fundamentally slow down the network. Multiple global proposers must reconcile state across the world, creating unavoidable latency overhead due to the speed of light. "There’s going to be latency added, there’s going to be a lot of complexity added." @HypoNyms






