Odaily Planet Daily reports that Bitwise Chief Investment Officer Matt Hougan posted on X platform stating that cryptocurrencies are driven by narratives, and currently nine major narratives are expected to lead the next cycle.
First, revenue-driven products. The blockchain industry’s annual revenue is currently about $7 billion to $8 billion. As mainstream adoption accelerates, industry revenue will scale to hundreds of billions of dollars, and projects generating revenue will be rewarded.
Second, AiFi. AI agents will use cryptocurrencies, stablecoins, and DeFi instead of bank accounts, and their scale is hard to estimate.
Third, the decline of fiat currency. As fiat currencies depreciate, the world will shift towards hard currencies including BTC.
Fourth, institutional adoption. Institutional adoption of cryptocurrencies is a decade-long trend, with scale measured in trillions.
Fifth, regulatory progress. The benefits of active regulation have not yet been realized. The Genius Act will take effect in January 2027, and once regulation becomes clear, investment and mainstream adoption will grow exponentially.
Sixth, stablecoin supercycle. Although the management asset size of stablecoins is temporarily stagnant at $300 billion, it will grow to trillions in the future, becoming a pillar of the global payment system in the 21st century.
Seventh, tokenization. Currently, only $20 billion in assets have been tokenized, while the global stock, bond, and real estate markets total hundreds of trillions, with a market penetration rate of less than 0.1%.
Eighth, DeFi revival. With the tokenization of RWA assets and clearer regulations, the protocol token economy will expand 100 times.
Ninth, Ethereum enters the “Steve Jobs comeback moment.” Vitalik Buterin returns to the Ethereum ecosystem, analogous to Steve Jobs’ return to Apple in 1996, and Ethereum’s development will enter an explosive phase.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute surge 0.99%: ETF net inflows and long position increases drive spot price rally
2026-03-24 20:15 to 2026-03-24 20:30 (UTC), ETH spot market achieved +0.99% return rate within 15 minutes, with price range between 2120.44 to 2154.45 USDT, amplitude reaching 1.60%. During this volatility period, on-chain transactions and market attention increased in sync, with spot market liquidity significantly amplified.
The main driver of this price movement was ETH spot ETFs recording approximately 12,000 ETH net inflows on the day, indicating strengthened institutional buying pressure, which drove spot buying pressure upward. Meanwhile, derivatives
GateNews11m ago
BitMine Overtakes Strategy as Tom Lee Expands Ethereum Holdings Further
BitMine pushed the corporate crypto race forward after it spent more on Ethereum than Strategy spent on Bitcoin last week. Arkham‑linked data put BitMine’s weekly ETH purchase at $140.74 million, while Strategy’s weekly Bitcoin buy reached $76.6 million. As a result, the week highlighted stronger
CryptoBreaking51m ago
Bitmine Crosses $10B in ETH Holdings and Stakes $200M As the 4% Target Comes Into View
Tom Lee’s Bitmine purchased $140.74 million in ETH over the past week, bringing its total holdings to $10.03 billion. For context, Michael Saylor bought $75 million in Bitcoin over the same period. Lee outspent Saylor on crypto this week, and the gap was not close. Bitmine also staked $200 million w
BlockChainReporter3h ago
Ethereum Holds Between Key MVRV Levels as Market Awaits Breakout
KEY HIGHLIGHTS
Ethereum stalls between MVRV levels, hinting at a major breakout soon
ETH range tightens as bulls and bears battle for market direction
Key MVRV zone puts Ethereum at a decisive technical crossroads
Ethereum consolidation signals a potential sharp move ahead
ETH volatility
CryptoBreaking3h ago
