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Hunter Horsley, CEO / Co-founder at Bitwise Asset Management, commented on the potential of Hyperliquid in the crypto sector. According to Horsley, traditional market metrics such as users and revenue are often lacking in crypto projects, pushing many to evaluate growth potential based on relative market cap.
He suggests that Hyperliquid's size could be underestimated by those solely relying on these familiar metrics.
Earlier, Horsley said the upcoming SpaceX IPO could reach a valuation on par with the crypto market, excluding stablecoins, according to a recent statement. In a separate move, he announced the launch of the Bitwise Hyperliquid ETF, which offers investors platform ownership via the BHYP ticker symbol, as covered previously. Both developments reflect his continued focus on bridging traditional and digital asset markets.