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Bitwise CIO expects crypto valuations to double on token buybacks
The Bitwise CIO links the potential repricing to DeFi protocols adopting revenue-focused token buybacks as they scale.
Bitwise Chief Investment Officer Matt Hougan said he expects crypto markets to undergo a repricing as the sector shifts toward a revenue-driven model, according to The Block.
In his view, valuations could double as decentralized finance applications and underlying protocols begin using revenue to support token buybacks.
Hougan characterizes the trend as crypto experiencing “revenue fever,” with buybacks acting as a mechanism that can change how investors value token ecosystems.
The Block reports the thesis ties the market’s outlook to more mature token economics, rather than only activity and growth metrics.