Bitwise CIO predicts crypto market could grow up to 20x in 10 years

Bitwise CIO Matt Hougan predicts the cryptocurrency market could grow by at least 10 to 20 times its current size over the next decade, The Block reported, citing a client letter. Hougan highlighted the immense growth potential in tokenized stocks, referencing a statement by former U.S. Securities and Exchange Commission (SEC) Commissioner Paul Atkins, who anticipated the U.S. stock market would transition on-chain within years. He noted that while the current market for tokenized stocks is only $670 million, the total U.S. stock market is valued at approximately $68 trillion. Hougan also emphasized that stablecoins will become increasingly important, and pointed to DeFi, prediction markets, privacy technology, and digital identity as other key areas poised for significant growth.