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Currently in cryptocurrency, ARK Invest’s Cathie Wood states Hyperliquid evokes memories of Solana’s nascent phase, while Jan3 founder Samson Mow claims that Bitcoin’s adoption by nation-states is escalating. In addition, an analyst predicts that options and derivatives will elevate Bitcoin to a $10 trillion market valuation.
Cathie Wood: Hyperliquid ‘brings back memories of Solana’s initial phase’
ARK Invest CEO Cathie Wood has likened Hyperliquid to Solana’s early-stage potential, referring to it as “the fresh contender in the arena.”
“It’s thrilling. It brings back memories of Solana in its initial phase, and Solana has demonstrated its value and is, you know, now among the major players,” Wood remarked in a recent discussion on the Master Investor podcast.
Currently, ARK Invest possesses three primary crypto holdings in its public portfolios, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The firm’s investment in Solana is through Breera Sports, which Wood specified is linked to the Solana treasury and backed by investors from the Middle East. She also remarked on advisory connections to the initiative through economist Art Laffer.
Wood did not verify any stake in Hyperliquid but characterized the protocol as one to monitor. Her comments come as the rivalry among perpetual futures DEXs intensifies following Aster’s token launch earlier this month, which resulted in its trading volume and open interest surpassing that of Hyperliquid.
Nation-state Bitcoin adoption to enter ‘rapidly’ phase soon: Samson Mow
A growing number of nations are gearing up to accelerate Bitcoin adoption after overcoming initial doubts, according to Jan3 founder Samson Mow.
“I believe we’re at the tail end of gradual progress, and we’re entering the initial stages of rapid change,” Mow explained to Danny Knowles on the What Bitcoin Did podcast released on YouTube on Saturday.
“These developments occur quite swiftly,” Mow added, referencing the potential for more nations to establish a Strategic Bitcoin Reserve. “It’s essentially gradually then suddenly,” he stated, adding:
“I believe it’s merely a matter of time before we witness a significant surge, and we see a major nation-state FOMO, you know, anxiety.”
Mow stressed that despite US President Donald Trump’s signing of an executive order to create a Strategic Bitcoin Reserve, the US has yet to commence purchases.
Bitcoin options at record highs, derivatives will propel BTC to $10 trillion — Analyst
Bitcoin (BTC) options contracts and other financial instruments will push the Bitcoin market valuation to at least $10 trillion, as per market analyst James Van Straten.
Van Straten mentioned that options and other derivatives represent signs of market maturity. These products aid in cushioning the significant volatility typical in BTC and other digital currencies. He noted in a post on X over the weekend:
“Chicago Mercantile Exchange (CME) options open interest is at a record peak, partly fueled by systematic volatility selling strategies like covered calls. This indicates a more developed market structure with greater derivatives liquidity surrounding Bitcoin.”
However, this diminished volatility works both ways, and restrained BTC drawdowns also imply that potential gains will be limited in the future, Van Straten remarked.
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