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Bitwise CIO expects 10 to 100x growth in blockchain transactions
Bitwise Chief Investment Officer Matt Hougan links the potential surge to tokenized assets trading around the clock, expanding trading hours from 33 to 168 per week.
Bitwise Chief Investment Officer Matt Hougan said crypto investors may be underestimating how much blockchain transaction activity could grow as tokenized markets expand and AI agents begin trading on users' behalf, according to The Block.
In a note on what he called three mistakes investors are making, Hougan argued that moving traditional assets onchain and shifting more activity onto AI-driven agents could produce transaction counts far above current levels.
Hougan cited the shift from the traditional weekday schedule of 9:30 a.m. to 4 p.m. ET to a potential around-the-clock model for tokenized stock transactions, saying available trading hours could rise from 33 to 168 per week.
He also argued that current valuations may be too narrow because investors often size crypto applications by today's addressable markets, and he pointed to Uniswap as an example where tokenization could expand the potential market beyond crypto into assets like stocks, bonds, and real estate.