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Bitwise CIO bats for diversified crypto investment, compares Bitcoin to Google

  • Bitwise CIO Matt Hougan emphasizes the importance of diversified crypto investments in assets like Bitcoin, Ethereum, Solana, and Avalanche, comparing it to the historical performance of internet companies.
  • While Bitcoin is considered the king of crypto assets due to its size, liquidity, and recognition, Hougan advises investing in other cryptocurrencies for long-term benefits.
  • Drawing parallels to the internet era, Hougan mentions how investing in companies like Netflix, Amazon, and Salesforce alongside Google yielded significant gains, similar to the potential of various crypto assets in different use cases.
  • Hougan sees Blockchain technology akin to the internet, emphasizing its versatility with crypto assets being utilized for various purposes like creating better currencies, programmable networks, applications, and more.

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