Bitwise predicted that Hyperliquid and Robinhood TradFi ventures should form the basis for a crypto bull-market comeback that would lift Bitcoin and Ether.
Bitcoin (BTC) is “finally showing signs of a bottom,” but the next bull market will have a different source.
In a blog post on Wednesday, Matt Hougan, chief investment officer at crypto asset manager Bitwise, revealed his picks for what will “lift” BTC price action going forward.
BTC/USD is gaining ground against US stocks, Hougan notes, but investors should look elsewhere for the next long-term crypto comeback.
“So how should you start positioning for the new bull market?” he queried.
For Hougan, the bull market will depend on crypto-focused integrations that bring the market’s inherent benefits, such as 24/7 trading, to the TradFi realm.
“Today, nearly half the volume on Hyperliquid is in conventional assets like oil, silver, and the S&P 500. It’s expanding into spot commodities, prediction markets, and options,” he said about Hyperliquid.
HYPE/USDT one-day chart. Source: Cointelegraph/TradingView
Hougan also sees competition from traditional financial players, like the Robinhood Chain layer-2 network, as a key catalyst to bring about a broader crypto renaissance.
“I suspect the coming bull market will be big enough to lift most of the sector,” he said.
HOOD/USD one-day chart. Source: Cointelegraph/TradingView
The Bitwise executive has remained optimistic on Bitcoin and the wider market throughout 2026, in February predicting that the end of crypto winter would come “sooner rather than later.”
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