Published Aug 13, 2026, 3:05 AM ET · Updated 3 months ago · 1 source

THE BLOCK: Bitwise CIO Matt Hougan says crypto asset valuations look "too low" as protocols return revenue to token holders. He sees revenue increasingly defining crypto values outside Bitcoin, as DeFi and L1s capture more revenue over the next 12-24 months.

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Original Report

THE BLOCK: Bitwise CIO Matt Hougan says crypto asset valuations look "too low" as protocols return revenue to token holders. He sees revenue increasingly defining crypto values outside Bitcoin, as DeFi and L1s capture more revenue over the next 12-24 months.