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
DWF Labs: Traditional Altseason Coming to an End, Institutional Capital Shifting to BTC, ETH, and RWA
Andrei Grachev from DWF Labs points out that the traditional "altseason" is gradually disappearing due to structural changes in the crypto market. Institutional capital increasingly favors Bitcoin and Ethereum, exposing altcoins to higher risks and capital outflows. Over the past 13 months, altcoin market capitalization has declined by over $209 billion.
GateNews59m ago
PA Daily | Ethereum Foundation Sells 5,000 ETH for Operations; Aave Launches Shield Feature to Block Transactions with Slippage Exceeding 25%
Today's News Highlights:
1. Macro outlook for next week: Federal Reserve likely to maintain cautious stance; NVIDIA GTC 2026 conference to be held
2. Due to conflict impact, Dubai TOKEN2049 and multiple cryptocurrency events postponed or canceled
3. Ethereum Foundation sells 5,000 ETH for operational activities
4. Aave: to launch Aave Shield feature, which will default-block swaps with price impact exceeding 25%
5. L1 public chain Pharos receives "contingent" investment from Xinte New Energy, valued at nearly $1 billion
6. Galaxy Research Director: If CLARITY Act is not reviewed by committee by end of April, the likelihood of passage this year is extremely low
Regulation & Macro
Macro outlook for next week: Federal Reserve likely to maintain cautious stance; NVIDIA GTC 2026 conference to be held
According to Jin Shi Financial News, the conflict between the U.S., Iran, and Israel has entered its third week, with energy commodities
PANews1h ago
Still complaining about high on-chain fees? Ethereum Gas drops to $0.01, hitting an all-time low
Ethereum's transaction fees have decreased significantly in recent times, with the average Gas price currently around 0.045 Gwei, showing a decline of over 90% compared to previous peak periods. With the development of Layer2 solutions and future upgrades, Ethereum's primary function is gradually transitioning to a security settlement layer, while on-chain activity remains robust. Compared to traditional bank transfers, blockchain operation costs are notably lower, reshaping market perceptions of transaction fees.
区块客4h ago
Whale Closes Out $84 Million BTC and ETH Long Positions, Shifts to Spot Accumulation of 12,027 ETH
Gate News Update: On March 15, according to Ember monitoring, a whale that previously opened long positions worth $84 million in BTC and ETH on Hyperliquid on March 9 has closed its positions and instead purchased ETH spot on the platform. The whale address spent $24.87 million to purchase 12,027 ETH spot, with an average buying price of $2,068.
GateNews5h ago
