Bitwise Asset Management's chief investment officer Matt Hougan predicted today that Hyperliquid and Robinhood will lead the next crypto bull market. He cited the expansion of tokenization and onchain finance as the primary drivers behind the shift.
Why Hougan picked these two
Hougan's forecast singles out Hyperliquid and Robinhood. The prediction suggests a changing of the guard from previous market leaders, though Hougan did not specify which platforms he expects to fall behind.
The role of tokenization
According to Hougan, the growth of tokenization and the broader move toward onchain finance will fuel the next rally. These trends are expected to attract new capital and users.
What comes next
Hougan's call adds to a growing debate about which platforms will dominate the next cycle. With no specific timeline given, the market will watch whether Hyperliquid and Robinhood can deliver on the promise.




