Bitwise CIO says next crypto bull market may be led by Hyperliquid-style plays and Robinhood

Bitwise CIO Matt Hougan said the next cryptocurrency bull market is likely to be driven by trends such as stablecoins, tokenization, 24-hour trading, instant settlement and institutional DeFi. Hougan said it was still too early to declare the market fully recovered, but improving investor sentiment, positive ETF inflows and Bitcoin’s recent performance were prompting investors to ask what could lead the next cycle. Hougan added blockchain technology is expected to be applied more deeply across traditional finance, and investors should watch Hyperliquid-style crypto protocols such as HYPE and companies like Robinhood, or HOOD.