Matt Hougan: Why Solana Could Follow Bitcoin’s Path

According to Matt Hougan, Bitcoin’s price could rise as the asset gains a larger share of the financial market segment focused on preserving capital rather than speculation or consumption.

Given that this market is currently valued at $27.5 trillion, with Bitcoin holding about 9%, maintaining that share as the market doubles would lead to a proportional increase in BTC’s price, the expert explained.

“Many investors mistakenly focus on Bitcoin’s market share instead of the expansion of the entire savings sector. Over the past 20 years, the global savings market has grown tenfold — from $3 trillion in 2005 to $27.5 trillion today. For Bitcoin to increase tenfold, it just needs a repeat of that trend while keeping its share. That’s realistic,” said the Bitwise Asset Management CIO.

The same logic, he said, can be applied to Solana, which positions itself as a platform for stablecoins and tokenized real-world assets (RWA) — a market Hougan believes could grow tenfold in the coming years.

“Solana is still young but already attracting major players. Western Union recently chose it to launch its stablecoin. If I’m right, the combination of a growing market and expanding share could trigger an explosive effect for Solana — just like it did for Bitcoin,” Hougan noted.

Currently, Solana controls around 14% of the blockchain market, with a market capitalization exceeding $107 billion. Its high transaction speed and increasing institutional adoption form a strong foundation for further growth.

Before joining Bitwise seven years ago, Hougan was the CEO of ETF.com, where he built the world’s first ETF data and classification system. He co-authored “The Comprehensive Guide to Exchange-Traded Funds” and “Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond.”

Earlier, Hougan said that the recent crypto market drop was driven by large-scale liquidations, but after a brief period of volatility, the bullish trend is likely to resume.

See also: "Sigma Capital Head Explains the Reason Behind Bitcoin’s Decline"

#Bitcoin (BTC) #Solana (SOL)

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