[Bitwise CEO: SpaceX's IPO Valuation Could Rival the Entire Crypto Market Excluding Stablecoins, Industry Still in Early Stages] According to a report by Jinse Finance, on June 4, Bitwise CEO Hunter Horsley posted on the X platform stating that if SpaceX goes public in the future, its valuation could be comparable to the total market capitalization of the entire cryptocurrency market excluding stablecoins. This indicates that the crypto market is still in a relatively early stage, with an overall scale that is not very large. From a broader perspective, the market's focus should not be on competition between specific assets or projects but rather on whether they can create truly valuable products and services and drive the widespread adoption of blockchain technology in the real world. Bitwise supports all individuals and teams striving toward this goal and cheers them on.