Hougan said that investors should focus on Hyperliquid-style crypto protocols and Robinhood-like companies, which he believes could outperform during the next bull market.

With the crypto market showing signs of bottoming, Bitwise Chief Investment Officer Matt Hougan said investors looking ahead to the next crypto bull market should pay particular attention to two types of investments that he believes are best positioned to benefit as blockchain technology becomes more deeply integrated with traditional finance.

In his latest market commentary, Hougan identified these as the “Hyperliquid Lane” and the “Robinhood Lane.”

The Hyperliquid Lane

The Bitwise exec said he…