I think the wrong play for investors right now is to try to pick and choose a winner in the stable coin and tokenization space.

The right play is to invest broadly in that space and be happy whoever wins.

One thing crypto loves to do is to go all in on one asset.

It's always an only Solana.

I think the easier play right now is just to hold both

Ethan Salana. The space is big enough to accommodate two. And we're talking about many trillions of

dollars of market opportunity.

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Hey everyone, I'm Jen Sanasi, and you're watching Markets Outlook on Coin Desk. Today I'm joined by BitWise chief

investment officer Matt Hogan. Matt, welcome back. Jen, thanks for having me. I'm excited to be here.

Of course, what a time to be here. A lot happening. You know how I like to start the show off. What are you watching lately? Well, it's hard not to watch prices, right? We're at all-time highs on Bitcoin's price. Every other asset is pushing in that direction. So we're looking at prices. We're looking at flows. We're thinking about a lot of new ETPs to launch. It is a fun time to be in crypto right now. It's always a fun time to be in crypto, regardless of where prices are, Matt. Talk to me a little bit about what's driving. Let's start with Bitcoin and then we can talk about other assets. But what's driving this price action in Bitcoin right now? Yeah, I think there are two

things that are going on. One is that the debasement trade has become the hottest trade on Wall Street,

right? J.P. Morgan is writing about it. Everyone is suddenly concerned about fiat currencies.

...