Chainlink is one of crypto's most undervalued infrastructure bets: Bitwise

MEVictim · 2026-01-21T15:25:03+00:00

Bitwise highlights Chainlink as a crucial yet undervalued crypto asset, emphasizing its complexity beyond being a mere data oracle. Despite its significance, it remains underappreciated in mainstream discussions, according to Bitwise's CIO.

MEVictim

2026-01-21 15:25:03

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Source: CryptoNewsNet Original Title: Chainlink is one of crypto’s most undervalued infrastructure bets: Bitwise Original Link: Investors may be overlooking one of the most important pieces of crypto infrastructure, according to crypto asset manager Bitwise.

Chainlink, the 11th-largest crypto asset with a market capitalization near $10 billion, is among Bitwise’s highest-conviction investments. Yet it rarely features in mainstream crypto conversations, a disconnect the firm attributes not to weak fundamentals, but to the asset’s complexity.

“I believe it is one of the least understood, most important, and possibly most undervalued crypto assets,” wrote Matt Hougan, chief investment officer at Bitwise, in a Tuesday blog post.

Chainlink is typically described as middleware that supplies blockchains with real-world data, such as asset prices or event outcomes. Hougan said that framing is not wrong, but it is deeply incomplete. Calling Chainlink a data oracle, he argued, is like calling Amazon a bookstore.

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