In a recent post on the X platform, Matt Hougan, Chief Investment Officer of Bitwise, mentioned that for broad investments in cryptocurrency and public chains, one should have a diverse range of crypto assets. If one wishes to make specific investments in a new form of digital currency, then one should buy Bitcoin. Bitcoin is likely to emerge as the dominant new form of “currency” in the cryptocurrency field, with significant advantages and scale being crucial for a currency. Moreover, unlike other assets, Bitcoin’s design and community are moving towards this goal. The currency market is huge, and if BTC succeeds, there is still significant room for growth. However, public blockchains have other potentially interesting applications, with ETH currently leading in these applications.
