Bitwise: The crypto market will grow 10-20 times over the decade. The basis is the SEC's forecast of $68 trillion in assets "on the blockchain." Writes #TheBlock.

CIO #Bitwise Matt Hougan made one of the loudest forecasts of the year: in his opinion, the crypto industry could grow at least (!) 10-20 times over the next 10 years - and this is "even without system pressure."

It is clear that Bitwise is a vested interest, the issuer of spot crypto ETFs. But the logic of their forecast is simple:

1) The SEC expects a transition of all U.S. stocks "to blockchain"

SEC Chairman Paul Atkins stated that all American stocks will be traded on-chain in the next couple of years. The market volume is $68 trillion. The current volume of tokenized stocks is only $670 million. The gap is astronomical. And if this migration actually occurs, it will automatically become the largest liquidity transfer in the history of the crypto market.

2) The main growth drivers according to Bitwise:

- BTC - as a global digital asset.

- Stablecoins - as the infrastructure for global payments.

- Tokenization - the transfer of traditional assets to blockchain.

- DeFi, prediction markets, digital identity, new forms of securities.

Simply put: everything that looks "niche" today could become the foundation of the financial system in 5-10 years.

3) Hougan honestly says: no one knows which network will win.

He communicates with institutional investors, funds, developers, and the conclusion is: it is impossible to predict which blockchain will become dominant. This reinforces his key thought:

"You can guess the market that will grow 100,000 times - and still lose if you bet on the wrong network"

Therefore, his personal strategy is index exposure to the entire market, rather than betting on a single L1/L2 network.

4) What does this mean for market participants now?

The growth potential is enormous. The risk of concentration "on one project" is unacceptable. The industry will become more complex, diverse, and index products will grow faster than individual tokens.

The year 2026, in his opinion, will be the year of massive transition to indices in the crypto market.