1. Market Perspective: Predictions on Valuations Doubling
Bitwise Chief Investment Officer Matt Hougan stated that crypto valuations outside of Bitcoin could at least double over the next 12 to 24 months.
The Reason: Crypto protocols are moving toward traditional cash-flow models. Projects are using their fee revenues to buy back and burn their own native tokens.
Key Examples:
Hyperliquid: Used $141M of its $169M Q2 revenue to buy back its token.
Aave & Uniswap: Implementing protocol mechanisms that channel revenues directly into token buybacks or burns.
Market Impact: Because investors haven't fully priced in these revenue-capture models yet, many altcoins and DeFi tokens remain undervalued relative to traditional financial metrics.
2. Regional/Regulatory Context: Valuations in Dubai (UAE)
If "dubil" refers to Dubai, digital asset valuation is a key focus for institutional investors, funds, and businesses operating in the UAE.
Regulators: Digital asset valuations in Dubai follow strict frameworks overseen by VARA (Virtual Assets Regulatory Authority) and the DFSA (Dubai Financial Services Authority).
Compliance Standards: Formal valuations must comply with IFRS 13 (Fair Value Measurement) standards and UAE Corporate Tax rules.
Methodologies Used:
Volume-Weighted Average Price (VWAP): Applied to liquid assets (e.g., BTC, ETH).
Discounted Token Cash Flow: Used for yield-bearing or revenue-sharing tokens.
Precedent Transactions / Multiples: Used for valuing crypto businesses and Virtual Asset Service Providers (VASPs) during M&A.
Bitwise Chief Investment Officer Matt Hougan stated that crypto valuations outside of Bitcoin could at least double over the next 12 to 24 months.
The Reason: Crypto protocols are moving toward traditional cash-flow models. Projects are using their fee revenues to buy back and burn their own native tokens.
Key Examples:
Hyperliquid: Used $141M of its $169M Q2 revenue to buy back its token.
Aave & Uniswap: Implementing protocol mechanisms that channel revenues directly into token buybacks or burns.
Market Impact: Because investors haven't fully priced in these revenue-capture models yet, many altcoins and DeFi tokens remain undervalued relative to traditional financial metrics.
2. Regional/Regulatory Context: Valuations in Dubai (UAE)
If "dubil" refers to Dubai, digital asset valuation is a key focus for institutional investors, funds, and businesses operating in the UAE.
Regulators: Digital asset valuations in Dubai follow strict frameworks overseen by VARA (Virtual Assets Regulatory Authority) and the DFSA (Dubai Financial Services Authority).
Compliance Standards: Formal valuations must comply with IFRS 13 (Fair Value Measurement) standards and UAE Corporate Tax rules.
Methodologies Used:
Volume-Weighted Average Price (VWAP): Applied to liquid assets (e.g., BTC, ETH).
Discounted Token Cash Flow: Used for yield-bearing or revenue-sharing tokens.
Precedent Transactions / Multiples: Used for valuing crypto businesses and Virtual Asset Service Providers (VASPs) during M&A.