The director of investments in Bitwise, Matt Hougan, said that Solana could soon establish new heights of all time, reflecting the Bitcoin and Ethereum record earlier this year.
Hougan argued that Sol should benefit from the same forces that have propelled the BTC and the ETH to new summits this cycle, namely the stock market entries (ETF), the large capital companies entering the market and the simple and convincing stories that resonate with investors.
He wrote in an article on social networks:
“The formula is simple: the Funds of Funds ETF + Fund companies + a simple history = the summits of all time. It applies to Bitcoin, it applies to Ethereum, it applies to Solana. ”
Path to institutional adoption
Solana, a blockchain known for its high -speed treatment and low transaction costs, has increased developers’ activity between payments, games and consumer -oriented applications.
The effectiveness of the network has contributed to positioning it as a potential alternative to Ethereum for decentralized applications, fueling speculation on the possible approval of an ETF of Solana to the spot in the United States.
So far, Bitcoin and Ethers Ethereum have channeled billions of dollars on the market, Bitcoin funds alone exceed the FNB Gold in daily volumes this summer.
Given its growing market capitalization and its expanding ecosystem, many consider Solana as the next logical step for institutional products.
Hougan’s comments add weight to this point of view, which suggests that once the funds established, Solana could follow the same trajectory as its greatest peers.
Evolving outlook
Bitwise adopted an optimistic position in the long -term on Solana, projecting in a detailed January report that the token could reach between $ 2,300 and $ 6,600 by 2030, according to the adoption scenarios. The company has based its estimates on Metcalfe’s law, connecting network growth to evaluation.
To support access to investors, Bitwise has also launched an Solana stimulation ETP in Europe, offering an exhibition to soil with integrated features of featured and confidence in the confidence in the scalability of blockchain and the growing ecosystem. He also seeks to launch a Solana ETF spot in the United States, but the SEC has so far delayed its decision on requests.
Although the company remains optimistic about the long -term role of Solana alongside Bitcoin and Ethereum, it has been more careful about short -term prices so far. Bitwise previously declared that he was not sure that Sol reaches new heights this year and called Bitcoin the “best horse in the race”.
This mixture of long -term long -term long -term forecasts and temperate short -term expectations reflects the vision of Solana Bitwise as an asset with high potential but which matures.
