Bitwise: Chainlink is Trading Below Its True Value

Crypto asset management company Bitwise emphasized that the Chainlink (LINK) network is one of the most important infrastructure projects in the cryptocurrency world and is currently trading well below its market value. This situation, which is striking for investors, stems primarily from the incomplete understanding of Chainlink's complex technology.

Bitwise's investment officer Matt Hougan stated that it is inadequate to evaluate Chainlink merely as a data provider. He compared Chainlink to the early days of Amazon, noting that seeing Amazon just as a bookstore was a significant mistake, just as perceiving Chainlink solely as a data carrier represents a serious shortcoming. Chainlink serves as a critical connection that enables isolated blockchains to interact with other blockchains and traditional financial systems.

Moreover, Chainlink technology has become indispensable not only for crypto-native projects but also for major financial institutions. The report highlighted that giant financial firms such as SWIFT, JPMorgan, Visa, and Mastercard, as well as important institutions like Fidelity and Deutsche Börse, are utilizing Chainlink’s infrastructure. In particular, stablecoins, asset tokenization processes, and decentralized finance (DeFi) applications are closely tied to this network.

Last week, Bitwise launched a Chainlink ETP (exchange-traded product), reaffirming its confidence in the project. With a market capitalization of approximately 10 billion dollars and positioned as the 11th largest cryptocurrency, LINK was trading at around 12.15 dollars at the time this news was written. Hougan reminds investors that Chainlink is at the center of bullish expectations regarding tokenization and the transfer of real-world assets to blockchain.