Bitwise’s Matt Hougan Backs HYPE and Robinhood for the Next Cycle: Where Does That Leave XRP?

2 months ago 9

Sam Daodu

Thu, July 23, 2026 astatine 8:17 AM CDT 7 min read

Quick Read

Bitwise CIO Matt Hougan named Hyperliquid and Robinhood arsenic the 2 investments helium expects to pb the adjacent crypto bull market, and XRP wasn't among them, adjacent though Bitwise runs the largest U.S. spot XRP ETF.
Hougan is backing protocols that nonstop their gross backmost to token holders, and Hyperliquid spends 99% of what it earns buying HYPE, which has gained astir 146% this twelvemonth portion the XRP terms fell astir 38%.
Major organization deals connected the XRP Ledger settee successful Ripple's RLUSD stablecoin, cutting token holders retired of the ledger's 388% tokenized plus growth.
XRP's terms lone rises if institutions commencement settling done the token directly, not the RLUSD stablecoin presently routing astir it.
Hougan isn't bearish connected XRP, and said successful June that helium expects prices overmuch higher successful a twelvemonth crossed Bitcoin, Ethereum, Solana and XRP. He expects XRP to emergence without expecting it to lead.
Don't wait: the expert who called NVIDIA successful 2010 conscionable revealed his apical 10 AI stocks. See the afloat database FREE now.

Matt Hougan is the Chief Investment Officer astatine Bitwise, 1 of America's biggest crypto plus firms, and his probe shapes wherever a batch of advisor wealth ends up.

In a marketplace memo connected Tuesday, Hougan acceptable retired his presumption of the adjacent crypto bull marketplace and pointed to 2 names. One is Hyperliquid, a trading level whose token has traded for little than 2 years. The different is Robinhood (NASDAQ:HOOD), the brokerage that present runs a blockchain of its own.

Two men, appearing to beryllium fiscal traders, are seated astatine desks successful a dimly lit office, looking astatine machine screens. The antheral successful the foreground connected the close has acheronian hairsbreadth and is wearing a acheronian suit jacket, resting his chin connected his manus successful a thoughtful airs portion gazing astatine a show with a airy bluish screen. A 2nd antheral is partially disposable to the left, besides focused forward. The foreground shows blurred machine instrumentality and metallic metallic structures, hinting astatine a engaged fiscal setting.

XRP (CRYPTO:XRP) wasn't connected the list, which is awkward, due to the fact that Bitwise runs the largest U.S. spot XRP ETF. The XRP Ledger is besides attracting precisely the organization concern XRP holders person been waiting for since 2012. So wherever does that permission XRP?

Hougan Backs HYPE and Robinhood To Lead the Next Crypto Cycle

Don't wait: the expert who called NVIDIA successful 2010 conscionable revealed his apical 10 AI stocks. See the afloat database FREE now.

For astir of crypto's history, tokens roseate due to the fact that capable radical believed the web down them would substance 1 day. Hougan expects the adjacent rhythm to reward thing narrower, wherever the wealth a level earns finds its mode backmost to the radical holding its token. He splits that into 2 categories, the Hyperliquid Lane and the Robinhood Lane, and helium thinks the rhythm could beryllium the biggest yet due to the fact that it runs connected gross alternatively than hype and targets planetary concern alternatively than conscionable crypto.

Hyperliquid earns its spot successful the archetypal class done its buyback. The trading level passed $1 cardinal successful cumulative gross successful June, and 99% of what it earns goes consecutive into buying HYPE connected the unfastened market, truthful each commercialized connected the level turns into buying unit for the token.

Read Entire Article