Wall Street's Onchain Move to Drive Next Bull Market

July 23, 2026 · Markets · CryptoRefuge Team

Wall Street's move onchain will drive the next bull market, according to Bitwise CIO Matt Hougan. This sentiment is shared by industry experts, who see onchain finance bringing real financial activity and revenue to the market.

BTC is well-positioned to benefit from this trend, given its established position as a leading cryptocurrency.

Live market snapshot (at publish): BTC $65,416 (-0.7% 24h)

Onchain finance is expected to bring transparency and efficiency to financial transactions, surpassing traditional markets. As a result, investors may participate more, driving up demand and prices. The market impact could be significant, potentially leading to a bigger market than previous ones.

The current macro environment supports this trend, with investors seeking new opportunities amid traditional market volatility.

WARNING: However, the cryptocurrency market is highly volatile and subject to significant price swings.

Matt Hougan believes the move onchain by Wall Street will be a key driver of the next bull market.

"The next bull market may be driven by real financial activity and revenue, potentially leading to a bigger market than previous ones." — is not a direct quote available, however, this is the general sentiment expressed by industry experts.

Analysis: A successful onchain move by Wall Street could increase demand for Bitcoin and other cryptocurrencies, driving up prices and leading to a bigger market. However, the market may not respond as expected, and prices could remain volatile.

The next few months are crucial in determining the success of Wall Street's move onchain, with investors watching closely to see if the market responds positively and if Bitcoin and other cryptocurrencies capitalize on increased demand.