Bitwise CEO Predicts Surge in Crypto Credit and Lending

According to BlockBeats, Bitwise CEO Hunter Horsley recently stated on the X platform that crypto credit and lending are expected to experience explosive growth over the next 6 to 12 months. Horsley attributes this anticipated growth to several factors. Firstly, the value of cryptocurrencies is nearing $4 trillion and continues to rise. This increase in value encourages individuals to use cryptocurrencies as collateral for loans rather than selling them. Additionally, in the United States alone, the market capitalization of publicly traded stocks exceeds $60 trillion. With the tokenization of assets, individuals holding stocks worth $7,000 will, for the first time, be able to use these stocks as collateral for borrowing. Horsley emphasized that cryptocurrencies are set to transform capital markets, indicating that this development is just beginning.