Bitwise CIO Sees Robinhood and Hyperliquid Driving Next Crypto Bull Market

Key Facts

In a move reflecting growing optimism in digital asset infrastructure, Bitwise CIO Matt Hougan has identified Robinhood and Hyperliquid as the primary drivers for the next crypto bull market cycle. According to reports, Hougan believes these platforms will serve as pivotal bridges between traditional finance (TradFi) and decentralized finance (DeFi), facilitating liquidity flows into major assets like Bitcoin and Ether. The executive suggests that this convergence will be the defining theme of the next market expansion, driving mass adoption through enhanced accessibility.

This assessment comes as the identified platforms expand their technical footprints, with Robinhood launching its Arbitrum-based chain and Hyperliquid utilizing revenue-generating protocols. Per market data, Robinhood (HOOD) shares closed at $104.48 on July 22, 2026, after reaching a day high of $106.89. These developments support the Bitwise thesis that merging traditional equities with 24/7 on-chain trading environments creates a robust catalyst for institutional and retail participation in the crypto ecosystem.

Monitoring current price levels, HOOD stood at $104.48 (close July 22, 2026) with a daily support floor established near $104.33. Investors should watch for upcoming macro catalysts in the economic calendar, specifically U.S. Retail Sales and Initial Jobless Claims data, which often dictate broader market sentiment and impact high-growth sectors like fintech and digital assets.