Ethereum Or Solana? The Real Winner Is One You’re Ignoring, Bitwise’s Matt Hougan Says
Posted On December 9, 2025
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, said in a Monday note that long-term investors should focus on the broader cryptocurrency market rather than choosing between chains like Ethereum (CRYPTO: ETH) or Solana (CRYPTO: SOL).
Hougan Says No One Can Predict Which Chain Wins
Hougan said he remains skeptical of claims that any single network — Ethereum, Solana or Bitcoin (CRYPTO: BTC) — will dominate the future of blockchain adoption.
He noted that even after eight years in the industry and daily discussions with founders, VCs, and researchers, he still “cannot tell you with confidence which chain will win.”
He argued that outcomes …
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