Bitwise's Matt Hougan Says Ethereum And Solana Are Betting On Opposite Valuation Models, 'My Favorite Approach Is Just To Own Them Both'

Bitwise chief investment officer (CIO) Matt Hougan said it was still an open question if Ethereum’s (ETH) monetary positioning or Solana’s (SOL) revenue-driven positioning would prove more valuable and that he liked to hold both.

"I think there's a pretty fascinating thing going on in the market between ETH and Solana, with one positioning on a monetary side, one positioning more on a revenue-driven side," Hougan said during an interview with The Rollup on Thursday. He said it was "indeterminate at this point" which valuation approach would win eventually, or whether both could.

Those were fundamental decisions that led to downstream decisions on how the protocols ran and went to market, he said. "My favorite approach is just to own them both."

Ethereum’s price was down by 2% during the past 24 hours. On Stocktwits, the retail sentiment around ETH remained in the ‘neutral’ zone, while chatter around it moved from ‘normal’ to ‘high’ over the past day.

Solana’s price was also down by 2% during the past 24 hours. On Stocktwits, the retail sentiment around ETH remained in the ‘extremely bullish’ zone, while chatter around it stayed at ‘high’ levels over the past day.

Monetary Bet Versus Revenue