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Hunter Horsley: SpaceX IPO could match crypto market size excluding stablecoins
Hunter Horsley, CEO / Co-founder at Bitwise Asset Management, compares the potential valuation of SpaceX at its initial public offering to the size of the entire crypto market excluding stablecoins.
He argues that crypto remains a relatively small sector and emphasizes the broader importance of how assets, blockchains, or projects can create tangible value and drive adoption rather than focusing on direct competition between individual assets.
Horsley recently announced the launch of the Bitwise Hyperliquid ETF, which offers investors exposure to platform ownership through the BHYP ticker. He also noted that Hyperliquid reached a $69.75 all-time high as attention from U.S. capital markets increased. These developments have highlighted Bitwise’s ongoing expansion within digital asset products.
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