"Cryptocurrency Markets Are Undervalued," Says Bitwise Executive Highlighting Market Shifts

Cryptocurrencies Transitioning to a Revenue-Driven Market

On the 12th, Matt Hougan, Chief Investment Officer at cryptocurrency management firm Bitwise, released a regular memo stating that the cryptocurrency markets are currently significantly undervalued.

The basis for his view is that many investors have not yet realized that cryptocurrencies are becoming a revenue-driven market. He argues that the relationship between revenue and token value is strong and will continue to strengthen, supporting his perspective if correct,...