Overview
- Bitwise Chief Investment Officer Matt Hougan reported that recent sales calls with advisory teams showed conversations centering on stablecoins and tokenization rather than Bitcoin.
- Hougan’s view came after eight calls representing more than 40 advisory teams, which he said signals a change in the questions advisors are asking about crypto infrastructure and use cases.
- Bitwise and VettaFi survey data show strong advisor engagement with crypto: 56% of advisors hold crypto personally and 42% can buy crypto for client accounts.
- Market measures back the shift: fiat‑backed stablecoin supply exceeded $319 billion by April 2026 and tokenized real‑world assets topped about $29 billion, supporting use cases in payments and markets.
- Hougan said the shift could channel near‑term client flows to assets and firms tied to these uses, naming smart‑contract platforms and service providers such as Ethereum, Solana, Chainlink, Avalanche, Circle, Coinbase, Figure, and Hyperliquid.