Bitwise CEO: SpaceX Valuation Could Match Crypto Market Cap

Bitwise CEO Hunter Horsley stated on the X platform that if SpaceX goes public in the future, its valuation might be comparable to the total market capitalization of the entire cryptocurrency market, excluding stablecoins. According to Odaily, this suggests that the crypto market is still in its relatively early stages and not very large in scale. Horsley emphasized that the focus should not be on competition between specific assets or projects, but rather on their ability to create genuinely valuable products and services and to promote the widespread application of blockchain technology in the real world. Bitwise supports all individuals and teams working towards this goal.