Bitwise CIO: Wall Street Accelerates On-Chain Development, Cryptocurrencies May Be Structurally Misjudged

CycleProphet · 2026-02-25T11:50:41+00:00

Bitwise CIO Matt Hougan pointed out that there is a significant gap between investors' understanding of cryptocurrencies and the activities of financial institutions, with many investors still holding outdated notions. He emphasized the huge gap between traditional financial markets and tokenized assets, believing that this disconnect could present opportunities for forward-looking investors.

CycleProphet

2026-02-25 11:50:41

Abstract generation in progress

Deep Tide TechFlow News, February 25, According to The Block, Bitwise CIO Matt Hougan pointed out in a recent client memo that there is a significant gap between investors’ understanding of cryptocurrencies and the actual activities of financial institutions. He believes that due to anchoring bias, many investors remain stuck in outdated perceptions and fail to recognize that the financial market is accelerating its shift toward on-chain infrastructure. Hougan listed tokenization projects by institutions such as BlackRock, Apollo, and JPMorgan, emphasizing that traditional financial markets are large (ETFs about $30 trillion, stocks about $110 trillion), while tokenized assets currently amount to only about $20 billion, indicating huge growth potential. He stated that this disconnect between perception and actual development could create opportunities for forward-looking investors.

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