According to online reports, Matt Hougan, chief investment officer of Bitwise, pointed out that although "Bitcoin is the king of crypto assets," historical experience shows that diversified crypto investment portfolios may bring higher returns. Hougan compared the current crypto market to the Internet investment environment in 2004, when Google dominated, other technology giants such as Amazon and Netflix ultimately performed better. Ethereum prices have soared by 40% recently, which analysts believe is due to the stablecoin boom, Layer 2 institutionalization and ETH short liquidations. Hougan emphasized that blockchain, as a general technology, has a wide range of future application scenarios. Different blockchains serve different fields, and long-term investment returns may be significantly different.