Why a Top Crypto CIO Is Betting on the Entire Market—Not Individual Tokens
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, says his highest-conviction bet in crypto isn’t Bitcoin, Ethereum, or any single blockchain—it’s the entire market.
With regulation, tokenization, stablecoins, and onchain finance accelerating at the same time, Hougan argues that trying to pick the long-term winning chain carries more risk than most investors realize. Instead, he’s building his core exposure through crypto index funds, aiming to capture the full upside of what he believes could be a 10–20x market expansion over the next decade.
As U.S. equities and traditional finance continue their shift toward blockchain rails, his message is clear: owning the market may be the smartest way to stay positioned for crypto’s next major phase.

