PANews reported on September 18 that Bitwise CEO Hunter Horsley tweeted that over the next six to 12 months, the focus of the cryptocurrency sector will shift to credit and lending. This sector is expected to experience explosive growth in the next few years.
He pointed out that the current cryptocurrency market capitalization is approaching $4 trillion and continues to grow. When people can borrow against cryptocurrency, they will choose to borrow rather than sell. Furthermore, the market capitalization of publicly traded stocks in the United States exceeds $60 trillion. With the tokenization of assets, individuals holding $7,000 worth of stocks will be able to borrow against them on-chain for the first time. Horsley believes that cryptocurrency is redefining capital markets, and this is just the beginning.



Bitcoin dropped to 12-day lows on Monday despite analysts hyping ‘Uptober’ rally potential, though not all are confident that next month will be up only. Crypto pundits are debating whether there will be a crypto rally in October — just 10 days away — after the markets went in an opposite direction on Monday. Historically, October has been one of the most reliably positive months for Bitcoin (BTC), shooting into the green 10 out of 12 times since 2013, according to CoinGlass, earning it the moniker “Uptober.”The asset has not seen a loss in October since 2018, when it declined 3.8%. In the bull market years of 2017 and 2021, Bitcoin gained 48% and 40% respectively, in October. Read more