According to Odaily, Matt Hougan, Chief Investment Officer at Bitwise, has expressed his views on cryptocurrency and public chain investments on platform X. He suggests that investors should hold a variety of crypto assets if they wish to invest broadly in cryptocurrencies and public chains. However, if the focus is on investing in a new form of digital currency, Bitcoin should be the choice.
Hougan believes that Bitcoin has the potential to become the dominant new 'currency' form in the crypto space, given its significant lead. The scale is crucial for currency, and unlike other assets, Bitcoin's design and community are both geared towards this goal. The currency market is vast, and if Bitcoin succeeds, there is still a lot of room for growth.
However, public blockchains also have other potentially interesting applications. Ethereum (ETH) is currently leading these applications. Hougan's insights provide a balanced perspective on the crypto investment landscape, emphasizing the importance of diversification in crypto assets and the potential dominance of Bitcoin in the digital currency space.
