Bitwise CEO: SpaceX's IPO valuation may approach that of the entire crypto market excluding stablecoins, the industry is still in its early stages

According to a report by Jinse Finance, on June 4, Bitwise CEO Hunter Horsley posted on X that if SpaceX goes public in the future, its valuation could rival the total market capitalization of the entire cryptocurrency market excluding stablecoins. This indicates that the crypto market is still at a relatively early stage, and the overall size remains modest. From a more macro perspective, the market's focus should not be the competition between certain assets or projects, but whether they can create genuinely valuable products and services, and promote the widespread application of blockchain technology in the real world. Bitwise supports everyone and every team working hard to achieve this goal, and cheers them on.