Analysis: SEC Chair's "Project Crypto" Encompasses Multiple Key Opportunities, Yet to be Fully Priced
BlockBeats News, August 6th, Bitwise Chief Investment Officer Matt Hougan stated that the "Project Crypto" speech by SEC Chair Atkins is a "roadmap for investment in the next five years," pointing out three key opportunities: Ethereum/L1, super apps like Coinbase, and DeFi protocols. The speech revolved around public blockchains like Ethereum.
Atkins believes: all assets — stocks, bonds, the US dollar, etc.— will eventually migrate to public blockchains; DeFi will play a crucial role in the future; crypto assets and blockchain can create exciting new business models; the main obstacle to this "revolution" was a hostile regulatory environment, which has now completely reversed.
Matt Hougan mentioned three immediate investment opportunities that stand out:
The first and most obvious opportunity is to invest in Ethereum and other first-layer blockchains that support stablecoins and tokenization;
The second is Coinbase, Robinhood, and other "super apps," boldly predicting that one of these companies could become the world's largest financial services company, and may even be the first financial services company with a market cap exceeding $1 trillion;
The third is DeFi, which is not only a technological revolution but also a conceptual revolution. And SEC Chair understands that. Under the SEC's new vision, assets like UNI may establish a more direct economic link with their underlying protocols, unlocking tremendous value.
Finally, Matt Hougan concluded, "This speech caught me off guard, and currently, all of this has not been fully priced in by the market."
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