In this interview, Bitwise CIO Matt Hougan explains why he believes the next crypto bull market will be driven by the convergence of blockchain and traditional finance. He shares his views on tokenization, Robinhood's blockchain strategy, Hyperliquid, evolving DeFi tokenomics, Bitcoin's outlook, the Clarity Act, and why he sees significant opportunities in crypto applications that are beginning to generate real revenue and capture value for token holders. 00:00 The Next Crypto Bull Market Starts Here 00:09 What's Driving Crypto Out of the Bear Market? 02:06 Hyperliquid vs Robinhood: Two Paths to the Future 03:53 The DeFi Tokens Matt Hougan Is Bullish On 06:34 Do Tokenomics Actually Matter? 08:12 Can Hyperliquid Still Double From Here? 09:34 Why Robinhood Could Change Finance Forever 12:07 The Mistake Almost Every Crypto Investor Makes 13:19 Chamath's Warning: What Could Kill the Bull Market? 15:30 Why Bitcoin May Underperform This Cycle 16:38 Will the Clarity Act Make or Break Crypto? 19:55 Is Trump Helping or Hurting Crypto? 22:16 Is the 4-Year Crypto Cycle Still Alive? #Bitcoin #Crypto #Blockchain #DeFi #Tokenization #TradFi #Hyperliquid #Robinhood #Ethereum #Bitwise #MattHougan #Investing #CryptoNews #Web3 #Finance Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.