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Bitwise CIO Matt Hougan has put Chainlink on crypto’s Mount Rushmore.
In a recent interview, Hougan, whose job involves selling crypto to wealth managers and family offices, ranked LINK alongside Bitcoin, Ethereum, and Solana as the four most important assets in the market.
The comparison carries weight given his audience. “If you talk to the average institutional investor, they’ve never heard of Chainlink,” he said. “And if you say the word Oracle to them, they think of the Greek Oracle of Delphi.”
According to Hougan, the gap between institutional awareness and actual market relevance creates opportunities. Blockchains are being built to interact with the real world, and Chainlink controls roughly 75% of the oracle market that enables that interaction.
“If Chainlink were a software company in a traditional C Corp wrapper, it would be one of the hottest tech plays in the market right now – as hot as Circle,” he said, adding that investors seeking exposure to stablecoins and tokenization should consider both Circle and Chainlink together.
 
So why don’t institutions own it yet? Hougan points to the token’s complex structure and tokenomics, which tend to scare off traditional allocators before they’ve had time to understand them. Those who do, he suggests, tend to see exactly what he sees.
The ETF data suggests that the dynamic may be shifting. Spot Chainlink ETFs have pulled in $2.82 million in net inflows this week alone, including $1.01 million on June 10. Moreso, the products haven’t recorded a single day of net outflows since launching last year, making them the best-performing crypto ETFs by that measure.
They now hold close to 2% of LINK’s circulating supply.
At press time, LINK was down 0.06% to $8.18, tracking a broad market dip rather than any coin-specific catalyst. Key support sits at the $8.25–$8.32 Fibonacci range, with a retest of the $8.57 swing high possible if that level holds.