Bitcoin dey fade as advisers dey shift to stablecoins and tokenization

Bitwise CIO Matt Hougan talk say TradFi advisers dey hard to engage on Bitcoin, even though dem still dey interested in crypto. For calls with over 40 advisory teams, Hougan find “plenty more curiosity” around stablecoins and tokenization, especially real-world use cases wey dey reshape payments and capital markets. Timing matter for Bitcoin: e don fall near 30% YTD to about $62,500, while catalysts for stablecoins and tokenization dey get stronger. Hougan point to Circle’s 2025 IPO (USDC issuer) as big sign for stablecoin growth, and to growing Wall Street attention including talk from SEC Chair Paul Atkins. Important possible regulatory tailwind: reports talk say US SEC dey consider approval for tokenized stock trading, which fit boost traditional investor confidence. Hougan’s “best hope” be say advisers go become new buyer class, with flows first into stablecoin infrastructure and tokenized assets—this one fit support parts of the market, even if Bitcoin still dey under pressure. Ecosystems/coins wey advisers mention for discussions include Ethereum, Solana, Chainlink, Avalanche, plus Circle and Coinbase.