A senior executive at asset manager Bitwise argues that emerging platforms bridging traditional finance and digital assets — chief among them Hyperliquid and Robinhood — could power the next leg up for the crypto market, providing fresh momentum for Bitcoin and Ether.
A New Engine for the Next Cycle
According to the Bitwise view, the coming crypto bull run may look different from previous ones. Rather than relying solely on retail speculation or a single catalyst, growth could be fueled by ventures that connect conventional financial infrastructure with on-chain activity. Hyperliquid, a fast-growing decentralized trading venue, and Robinhood, the retail brokerage expanding its crypto footprint, are cited as prime examples of this convergence.
The thesis rests on the idea that as these platforms attract more users and volume, they broaden overall market participation. That expansion, in turn, is expected to lend upward support to the largest cryptocurrencies as capital flows through the ecosystem.
The next bull market may be built not on hype alone, but on the rails where Wall Street and blockchain finally meet.
Bitcoin and Ether Poised to Benefit
Bitwise's outlook suggests that Bitcoin and Ether, as the market's benchmark assets, stand to gain the most from renewed activity across these hybrid platforms. As trading and adoption accelerate, the two largest tokens typically serve as primary beneficiaries of any broad-based rally.
The firm frames the development of TradFi-linked crypto ventures as a structural shift rather than a fleeting trend. By lowering barriers to entry and offering more familiar interfaces, these companies could draw a wider pool of investors into digital assets.
Key drivers highlighted in the outlook include:
- Growing trading volume on decentralized venues like Hyperliquid
- Robinhood's expanding crypto offerings for retail users
- Deeper integration between traditional finance and blockchain markets
Whether the prediction holds will depend on continued adoption, regulatory clarity, and broader market conditions — but Bitwise's message is clear: the infrastructure blending old and new finance may define the next cycle.