Bitcoin continues to dominate the current market cycle driven by the explosive rise of exchange-traded funds and growing interest from corporations. Bitwise CIO Matt Hougan calls Bitcoin the king of crypto assets and compares it to digital gold saying it is the only crypto with a real shot at becoming a global currency.

Matt Hougan urges investors to also consider other crypto assets like Ethereum which surged 40% percent last week alone. Ethereum’s rally was supported by a boom in stablecoins and tokenization rising interest in Layer 2 solutions and a shift in investor narratives. Hougan says the successful Ethereum Pectra upgrade and a market-wide risk-on sentiment have also helped fuel gains.

Hougan compares crypto’s evolution to the early internet era when Google led the search sector but other companies like Amazon and Netflix delivered bigger long-term gains. He believes blockchains are a general-purpose technology and suggests investors look beyond Bitcoin to benefit from the entire crypto revolution without stressing over which coin will win.