$NEAR HAS A REAL BUSINESS — OR IS THIS JUST AN AI BET?

Bitwise CIO Matt Hougan says NEAR combines a real business with an ambitious AI vision.

Its Intents product has surpassed $30B in cumulative volume, while Hougan estimates NEAR could generate around $45M in fees this year, with some returned to holders through buybacks.

But here's the real question:

If AI agents fail to go mainstream, is NEAR still valuable enough on its own?

Would you buy NEAR for its business — or its AI future?