Bloomberg's Joe Weisenthal warms to blockchain, cites Hyperliquid, report says
In brief
- Joe Weisenthal changed his view on blockchain technology, Crypto Briefing reports.
- Weisenthal reportedly praised neutral blockchains like Hyperliquid as possible finance infrastructure.
- Crypto Briefing didn't quote or link the original statement.
- HYPE traded near $79 with a $17.6 billion market cap, per Crypto Briefing.
What Crypto Briefing reported
Weisenthal pointed to the potential for platforms like Hyperliquid to unify traditional finance by serving as a general-purpose infrastructure layer, Crypto Briefing said. That's the core of the report. As the outlet tells it, the idea is that a chain could act as shared plumbing for many markets (not just a venue for trading crypto).
Keep the sourcing in mind, though. With no direct quote and no link to the original remark, everything here is Crypto Briefing's summary of what he thinks, not his own words.
That gap matters.
A 'blockchain, not Bitcoin' framing
Crypto Briefing said Weisenthal's view aligned with the broader "blockchain, not Bitcoin" thesis. That thesis favors using blockchain technology across diverse financial markets instead of focusing only on cryptocurrencies like Bitcoin. It's the outlet's reading of his comments; the report doesn't attribute the phrase to Weisenthal himself.
HYPE and market sentiment
Hyperliquid's native token, HYPE, traded at around $79 with a market cap of $17.6 billion at the time of the report, according to Crypto Briefing.
The outlet argued that a nod from a well-known finance voice could change how the market sees Hyperliquid:
The recognition from a prominent financial commentator could influence market sentiment toward Hyperliquid
So how much weight should one commentator's change of heart actually carry? Crypto Briefing's own answer points somewhere else. It said HYPE's performance and Hyperliquid's ability to attract traditional finance firms would be the key indicators of future pricing trends, which puts the focus on adoption rather than on who's talking about the chain.
Again, those are the outlet's calls. Weisenthal isn't quoted on HYPE's price at all, and nothing in the report ties his remarks to a view on where the token goes next.
Frequently asked questions
What did Joe Weisenthal reportedly say about Hyperliquid?
According to Crypto Briefing, Bloomberg's Joe Weisenthal acknowledged a shift in his view of blockchain technology and expressed appreciation for neutral blockchains such as Hyperliquid. He reportedly pointed to their potential to unify traditional finance as a general-purpose infrastructure layer. The outlet didn't quote or link his original statement.
What is the 'blockchain, not Bitcoin' thesis?
It's a view that favors using blockchain technology for diverse financial markets rather than focusing only on cryptocurrencies like Bitcoin. Crypto Briefing said Weisenthal's reported view aligned with this thesis. That link is the outlet's interpretation, not a phrase it attributed to Weisenthal.
