Bitwise CIO predicts multiple $1B ICOs next year

Bitwise Chief Investment Officer Matt Hougan has described Coinbase's new token issuance platform as a signal for the revival of regulated initial coin offerings (ICOs). According to The Block, Hougan predicted that more than six ICOs, each valued at $1 billion, will emerge next year through platforms like Coinbase's. He suggested this development would establish a competitive dynamic with the traditional initial public offering (IPO) market. Coinbase previously announced the launch of its new platform, identifying Monad (MON) as its inaugural project.