Bitwise CIO: Diversified Crypto Portfolio May Yield Higher Returns

Bitwise Chief Investment Officer Matt Hougan's latest perspective indicates that although "Bitcoin is the king of crypto assets," historical experience suggests that a diversified crypto portfolio may yield higher returns. Hougan compares the current crypto market to the internet investment environment of 2004, when Google was dominant, but other tech giants like Amazon and Netflix ultimately performed better. Recently, Ethereum's price surged by 40%, with analysts attributing this to the stablecoin boom, Layer 2 institutionalization, and ETH short covering. Hougan emphasizes that as a general-purpose technology, blockchain has a wide range of future applications, with different blockchains serving different sectors, and long-term investment returns may vary significantly.