According to Matt Hougan, Bitwise Asset Management’s chief investment officer, investors are venturing beyond Bitcoin to buy altcoins that are set to explode, IgbereTV reports.
In an interview with Bloomberg Technology’s Emily Chang, Hougan seems to be bullish on Ethereum, Polygon, and Solana
Ether, the crypto that runs on Ethereum, is a decentralized open-source blockchain system. Decentralized smart contracts can also be executed on Ethereum
A purported goal of Ethereum is to become a decentralized application platform that allows users from all over the world to write and run software that is resistant to censorship, fraud, and downtime.
“It is my opinion that investors will look at Ethereum, Solana, and Polygon,” Hougan said.
Solana facilitates the creation of decentralized apps (DApps). Through the introduction of a proof-of-history consensus, combined with the blockchain’s underlying proof-of-stake consensus, scalability is improved.
Traders, both small-time and institutional, are attracted to the Solana hybrid consensus model due to its innovative features.
Investors are now looking beyond Bitcoin, according to Hougan.
“There are a lot of investors who put their toe in the water with Bitcoin in 2020, 2021 who are now discovering that crypto isn’t just about Bitcoin. Next year, everything else will be the big story.
