Bitwise exec says a bet on Solana gives ‘two ways to win’

Bitwise’s Matt Hougan said Solana has good odds of winning a larger share of the stablecoin and tokenization market.

Bitwise’s chief investment officer, Matt Hougan, sees two main reasons for his bullishness for layer-1 blockchain Solana over its competitors, including Ethereum.

“I love investments that give me two ways to win,” Hougan said in an X post on Thursday, explaining that Solana (SOL) is making a “bet” the stablecoin and tokenization infrastructure market will grow, and that it will “win an increasing share of that market,” which “seem like good bets to me.”

“I think people dramatically underestimate how much and how quickly these technologies will remake markets. It’s easy for me to imagine this market growing by 10x or more,” Hougan added.  

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