Bitwise Chief Investment Officer Matt Hougan said that Solana could soon establish new highlights of all time, whereby the record of Bitcoin and Ethereum will be reflected earlier this year.
Hougan argued that Sol will benefit from the same forces that BTC and ETH have propelled to new highlights this cycle, namely the inflow of the stock market -bound fund (ETF), large capital companies that enter the market, and simple, mandatory stories that resonate with investors.
He wrote in a post on social media:
“The formula is simple: ETF Fund Flows + Fund Companies + A Simple Story = All-Time Highs. It applies to Bitcoin, it applies to Ethereum, it applies to Solana.”
Path to institutional adoption
Solana, a blockchain that is known for its rapid processing and low transaction costs, has seen the activities of developers about payments, gaming and consumer -oriented applications.
The efficiency of the network has helped to position it as a potential alternative to Ethereum for decentralized applications, thereby fueling speculation on the final approval of a spot Solana ETF in the US.
So far, Bitcoin and Ethereum ETF’s billions of dollars have expressed on the market, with only Bitcoin funds that exceeded Golden ETFs in daily volumes this summer.
Given the growing market capitalization and expansion of the ecosystem, many consider Solana as the next logical step for institutional product offers.
Hougan’s comments add weight to that display, which suggests that once fund vehicles have been established, Solana could follow the same route as its larger colleagues.
Outlook is evolving
Bitwise has taken a long -term bullish attitude on Solana and projected in a detailed report of January that token could reach between $ 2,300 and $ 6,600 in 2030, depending on the adoption scenarios. The company based its estimates on the Metcalfe law and links network growth to the appreciation.
To support the access of investors, Bitwise also launched a Solana strike ETP in Europe, which exposure to SOL with integrated stretching rewards and signaling confidence in the scalability of the blockchain and the growing ecosystem. It also wants to launch a spot Solana ETF in the US, but the SEC has so far delayed its decision about the applications.
Although the company remains optimistic about Solana’s long -term role in addition to Bitcoin and Ethereum, it was so far more careful on price views in the short term. Bitwise said earlier that it was not certain whether Sol would reach new highlights this year and Bitcoin would call the ‘best horse in the race’.
This mix of ambitious long -distance predictions and tempered short -term expectations reflects BitWise’s vision of Solana as a high potential but still adult active.
