Brian Dixon, CEO of Off the Chain Capital, believes the next major crypto breakthrough will be sovereign nations issuing Bitcoin-backed bonds.

"I know you said don't cover Bitcoin, but I actually think Bitcoin bonds at the sovereign level are going to grow exponentially," Dixon said on Roundtable with Rob Nelson. "As soon as sovereigns start to acquire it for their balance sheet, one of the most logical next steps is to create Bitcoin-backed bonds."

Dixon argues that this move would introduce a groundbreaking financial instrument, allowing governments to leverage Bitcoin as a reserve asset and revolutionizing public financing.

Stablecoins and tokenization set to surge

Alex Chizhik, Chief Commercial Officer at HarrisX, sees stablecoins and tokenized financial instruments as the fastest-growing sectors beyond Bitcoin.

"Stablecoins exporting the US dollar to the world—that's net short dollars—and tokenization of financial instruments," Chizhik said. "We need frameworks to tokenize financial instruments. You have 24/7 trading, you're increasing the velocity of money. I mean, it’s just—we're going gangbusters."

Chizhik’s take suggests that stablecoins, particularly Tether and Circle’s USDC, will play a pivotal role in global finance, offering greater liquidity and financial inclusion worldwide.

Real-world asset tokenization gains traction

Kelly Kellam, Director at Bitlab Academy, believes that tokenizing real-world assets (RWAs) will be the most transformative trend.

"I think it'll be real-world asset tokenization, and I think it'll be in different ways than people expect," Kellam said. "We've got real estate, we've got fine art—there are so many different things that can be RWA-aed. It bridges the legacy systems, traditional finance, and the blockchain world."