Bitwise’s investment director Matt Hougan said Solana could soon establish new historical maximums, reflecting the Bitcoin and Ethereum record earlier this year.
Hougan argued that Sol will benefit from the same forces that promoted BTC and Eth a new ups and downs of this cycle, namely, the Background Tickets (ETF) in the stock market, large capital companies that enter the market and simple and convincing narratives that resonate with investors.
Wrote in a publication on social networks:
“The formula is simple: ETF Fund Flows + Fund Companies + to simple Story = All-Time Highs. It applies to Bitcoin, applied to Ethereum, applied to Solana.”
Road towards institutional adoption
Solana, a block chain known for its high -speed processing and low transaction costs, has seen a growing developer activity between payments, games and consumer -oriented applications.
The network efficiency has helped position it as a potential alternative to Ethereum for decentralized applications, feeding speculation about the eventual approval of a solana ETF spot in the US.
Until now, Bitcoin and Ethereum ETFs have channeled billions of dollars in the market, with Bitcoin funds only exceeding the Golden ETFs in daily volumes this summer.
Given its growing market capitalization and its expanding ecosystem, many see Solana as the next logical step for institutional products offers.
Hougan’s comments add weight to that opinion, which suggests that once the background vehicles are established, Solana could follow the same trajectory as their largest companions.
Outlook evolving
Bitwise has adopted a long -term bullish position in Solana, projecting in a detailed report of January that the Token could reach between $ 2,300 and $ 6,600 by 2030, depending on the adoption scenarios. The firm based its estimates on Metcalfe’s law, linking network growth with the assessment.
To support access to investors, Bitwise also launched a solana rethinking ETP in Europe, offering sun exposure with integrated rewards and signaling confidence in the scalability of the block chain and the growing ecosystem. He is also looking to launch a Spot Solana ETF in the United States, but so far the SEC has delayed its decision on applications.
While the company is still optimistic about Solana’s long -term role together with Bitcoin and Ethereum, it has been more cautious in short -term prices prospects so far. Bitwise said previously that he was not sure if Sol would reach new top this year and called Bitcoin the “best horse horse.”
This mixture of long -range ambitious forecasts and short -term temperate expectations reflects Bitwise’s vision as an active of high potential but still Mad during.
