Bitwise CIO discusses potential pricing errors in crypto market amid Wall Street’s push for on-chain infrastructure

Bitwise’s CIO, Matt Hougan, highlighted that crypto assets might be undervalued due to investors’ anchoring bias. This bias often leads them to adhere to outdated narratives, even as Wall Street accelerates its transition to on-chain infrastructure.

With the current market for tokenized assets at approximately 20 billion USD, Hougan pointed out significant growth potential. He cited exemplary projects from BlackRock, JPMorgan, and Apollo, indicating a strong divergence between market narratives and actual developments.