Bitwise Investment Director Reveals the Altcoin He’s Bullish On and Why

Matt Hougan, Bitwise’s chief investment officer (CIO), stated in a lengthy post on his social media account that he sees “huge bull market potential” for Solana (SOL).

Hougan compared Bitcoin and Solana, claiming that both assets offer investors the opportunity to “win both ways.”

Hougan summarized his investment strategy as follows:

The best crypto investments offer two-way returns. I believe that investing in Bitcoin will both grow the global 'store of value' market and increase Bitcoin's share of that market. If even one of these happens, the investment will be successful.

Hougan stated that Bitcoin shares a market share between gold and Bitcoin in a “store of value” market of approximately $27.5 trillion, reminding that this market has grown 10-fold in the last 20 years and that Bitcoin could reach a potential of $6.5 million in the coming period.

Hougan applied similar logic to Solana:

“When I invested in Solana, I believed in two things: that the stablecoin and tokenization infrastructure market will grow, and that Solana will increase its share of that market. I think both of these scenarios are quite likely to happen.”

Hougan stated that Ethereum is a leader in stablecoin issuance and tokenization, but added that Solana has been rapidly gaining share recently thanks to its high transaction speed, user-friendly infrastructure, and active developer community.

Hougan noted that Solana has also made progress in the corporate field and reminded that Western Union chose Solana for its recently launched stablecoin project:

“The combined growth of the market and Solana’s share could create an explosive surge in value, just like Bitcoin.”