Bitcoin will get ‘lift’ from Hyperliquid, Robinhood in next crypto bull market: Bitwise exec

Bitcoin (BTC) is “finally showing signs of a bottom,” but the next bull market will have a different source.Key points:TradFi integrations, particularly Hyperliquid and Robinhood, will drive the next crypto bull market, says Bitwise’s Matt Hougan.The resulting tide should “lift” the largest cryptocurrencies with it, including Bitcoin and Ether.Apparent demand for BTC is already showing signs of reversal, per Bitwise data.Hyperliquid, Robinhood catalyst to “lift most of” crypto sectorIn a blog post on Wednesday, Matt Hougan, chief investment officer at crypto asset manager Bitwise, revealed his picks for what will “lift” BTC price action going forward.BTC/USD is gaining ground against US stocks, Hougan notes, but investors should look elsewhere for the next long-term crypto comeback.“So how should you start positioning for the new bull market?” he queried. “By looking at two entities that are leading this convergence from opposite sides: Hyperliquid (HYPE) and Robinhood (HOOD).”For Hougan, the bull market will depend on crypto-focused integrations that bring the market’s inherent benefits, such as 24/7 trading, to the TradFi realm.“Today, nearly half the volume on Hyperliquid is in ...