Odaily Planet Daily reports that Bitwise Chief Investment Officer Matt Hougan posted on X platform stating that cryptocurrencies are driven by narratives, and currently nine major narratives are expected to lead the next cycle.
First, revenue-driven products. The blockchain industry’s annual revenue is currently about $7 billion to $8 billion. As mainstream adoption accelerates, industry revenue will scale to hundreds of billions of dollars, and projects generating revenue will be rewarded.
Second, AiFi. AI agents will use cryptocurrencies, stablecoins, and DeFi instead of bank accounts, and their scale is hard to estimate.
Third, the decline of fiat currency. As fiat currencies depreciate, the world will shift towards hard currencies including BTC.
Fourth, institutional adoption. Institutional adoption of cryptocurrencies is a decade-long trend, with scale measured in trillions.
Fifth, regulatory progress. The benefits of active regulation have not yet been realized. The Genius Act will take effect in January 2027, and once regulation becomes clear, investment and mainstream adoption will grow exponentially.
Sixth, stablecoin supercycle. Although the management asset size of stablecoins is temporarily stagnant at $300 billion, it will grow to trillions in the future, becoming a pillar of the global payment system in the 21st century.
Seventh, tokenization. Currently, only $20 billion in assets have been tokenized, while the global stock, bond, and real estate markets total hundreds of trillions, with a market penetration rate of less than 0.1%.
Eighth, DeFi revival. With the tokenization of RWA assets and clearer regulations, the protocol token economy will expand 100 times.
Ninth, Ethereum enters the “Steve Jobs comeback moment.” Vitalik Buterin returns to the Ethereum ecosystem, analogous to Steve Jobs’ return to Apple in 1996, and Ethereum’s development will enter an explosive phase.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Ethereum developer Joe Schiarizzi runs for Virginia congressional seat as a Democrat
Gate News update: On April 9, Ethereum developer Joe Schiarizzi is running for Congress in Virginia as a Democrat. Joe Schiarizzi says he is against Trump and argues that cryptocurrencies should focus on public-interest use cases, not be used for political profit. He also criticizes some lawmakers who support cryptocurrencies as opportunists, saying these people have no real interest in the underlying crypto technology.
GateNews15m ago
Grayscale transferred 5,322 ETH and 155.649 BTC to a certain CEX, with a total value of over $22 million
Gate News update, April 9. Arkham monitoring shows that about an hour ago, Grayscale transferred a total of 5,322 ETH (worth $11.6 million) and 155.649 BTC (worth $11.07 million) to a certain CEX Prime address.
GateNews1h ago
“Maji big brother” Huang Licheng closes out an HYPE long position; the Ethereum long position is increased to 12,300 ETH.
Gate News message, on April 9, Hyperbot data shows that the HYPE long position newly opened by Big Brother A-ma JI — Huang Licheng — has been fully closed out within the past 20 minutes. Currently, he is still continuously adding to his 25x leveraged Ethereum long position; he holds 12,300 ETH, with a position value of $26.61M, and a liquidation price of $2,081.
GateNews1h ago
Etherscan contract tab redesign, adds an IDE-style code browser
Etherscan announced a redesign of the contract tabs page, adding an IDE-style code browser with features like file tree navigation, multiple-file tabbed browsing, and cross-file search. It also updated the design of the read/write contract interface; users can switch to full screen and edit contract code directly in Blockscan and Ethereum Remix.
GateNews1h ago
Japan-compliant stablecoin JPYC: 6-month trading volume reaches $137 million, with Polygon accounting for 66%
Gate News message: As of April 9, Japan-compliant stablecoin JPYC has reached a total trading volume of $137 million since the end of October last year. Of this, Polygon leads with $90.4 million, accounting for 66%, Avalanche has a trading volume of $26.4 million, and Ethereum has $19.7 million. In addition, Polygon’s founder confirmed that Japanese physical retail stores have supported offline payments for JPYC on the Polygon network.
GateNews2h ago
A whale opens 20x leverage BTC and ETH short positions, with a position value of about $80 million
Gate News said that on April 9, according to Lookonchain monitoring, a whale address opened 20x leveraged BTC and ETH short positions about 30 minutes ago. Among them, the Bitcoin short position holds 562.58 BTC, and the Ethereum short position holds 18,350 ETH; the total value of the two positions is about $80 million.
GateNews3h ago
