TechFlow, May 14 — According to The Block, Bitwise Chief Investment Officer Matt Hougan recently stated that while "Bitcoin is the king of crypto assets," historical experience suggests diversified crypto portfolios may yield higher returns. Hougan compared today's crypto market to the internet investment landscape in 2004, when Google dominated but other tech giants like Amazon and Netflix ultimately outperformed.
Recently, Ethereum's price surged by 40%, which analysts attribute to the stablecoin boom, institutionalization of Layer 2 solutions, and ETH short covering. Hougan emphasized blockchain as a general-purpose technology with broad future applications, noting that different blockchains serve distinct domains and may deliver significantly varied long-term investment returns.
He advised investors not to overly focus on picking a single winner, but instead to focus on the overall development prospects of blockchain technology.
