Bitwise CEO: SpaceX IPO could rival entire crypto market cap

Bitwise CEO Hunter Horsley said on X that if SpaceX were to go public, its valuation could be comparable to the total market capitalization of the entire cryptocurrency market, excluding stablecoins. He added that this illustrates the crypto market is still in its early stages and its overall size is smaller than many might think. Horsley emphasized that the market's focus should be on creating products and services that generate real value, rather than on competition between specific assets or projects. Ultimately, he noted, expanding the real-world use of blockchain technology is what is important.