Advisors wey get $175T dey shift dia focus to stablecoins and tokenization
Bitwise CIO Matt Hougan tok say di konversations wit ova 40 financial advisors — wey dem dey manage $175 trillion together — show say interest for crypto still dey, but di focus dey shift beyond Bitcoin. For past cycles, recoveries get help from new technology and new investor groups: Ethereum and early retail after di 2014 bear market, DeFi and stimulus-driven investors after 2018, and spot Bitcoin ETFs plus hedge-fund involvement after di 2022 FTX collapse.
Hougan argue say di next recovery fit depend on expanding blockchain use cases and deeper institutional access. Him highlight stablecoins, tokenization, perpetual futures, and oda real-world blockchain applications as key areas wey dey gain traction. Him note say institutional barriers to crypto access still dey, so na why continued advisor attention matter for long-term growth.
Importantly, stablecoins and tokenization don become central topics across di financial industry. Hougan cite public discussions from SEC Chair Paul Atkins, Goldman Sachs CEO David Solomon, and BlackRock CEO Larry Fink. Him say potential capital flows for di next cycle fit favour blockchain networks and crypto firms wey connected to tokenization and stablecoin infrastructure, rather than concentrate only on BTC.
Companies and assets wey dem mention include Ethereum (ETH), Solana (SOL), Chainlink (LINK), Avalanche (AVAX), Canton (CANTO), and trading-focused Hyperliquid (HYPE), plus tokenization/stablecoin-related businesses Figure (FIGURE), Circle (USDC), and Coinbase (COIN).
Bullish
Di news generally bullish because e dey signal say institutional interest for crypto still dey – especially as dem dey shift towards stablecoins and tokenization infrastructure. Hougan talk say advisers wey dey manage $175T still dey involved mean demand fit expand from just Bitcoin-led story to plenty other blockchain-linked trades.
For history, crypto rebounds often follow “new rails” and “new buyer access”: the 2014 cycle mix of ETH/retail, the 2018 cycle with DeFi + policy-driven retail, and the post-FTX era with ETF/hedge-fund participation. This pattern show say the next leg fit be powered by better institutional plumbing around stablecoins and tokenized assets.
Short-term, traders fit see this as rotation catalyst: attention fit shift to tokenization beneficiaries (stablecoin issuers/infrastructure and L1/L2 ecosystems) instead of only BTC. That fit give relative strength to tokens linked to stablecoin rails (e.g., ETH and listed infrastructure) but e fit also stop BTC dominance from accelerating.
Long-term, if regulators and major banks continue to align around stablecoin/tokenization frameworks, e fit reduce access friction and improve visibility for institutional allocations. Main risk to “bullish” position na execution uncertainty — institutional barriers and regulatory outcomes still fit delay flows — but the directional intent for the article point to incremental upside for crypto market stability rather than another sell-off.