Bitwise Chief Investor: Regardless of who wins the election, the cryptocurrency market will rise, and ETH and altcoins are more susceptible to regulatory influence after the election
Matt Hougan, the chief investment officer of Bitwise, a crypto asset management company, believes that the regulatory environment of Bitcoin is improving, and whether Trump or Kamala Harris is elected as President of the United States will not change this trend, which is not only beneficial to Bitcoin, but also to other crypto currencies.
The price of Bitcoin has risen to a near historical high in recent days, driven in part by the momentum brought by the US presidential election (scheduled for November 5th).
"Of course, in the short term, cryptocurrencies prefer Trump to He Jinli, but in fact, Bitcoin does not need Washington to succeed." Hougan said in an interview with Yahoo Finance on Wednesday: "Institutions are entering this field, the adoption rate is rising, and ETF capital flows are taking place. I think they will rise in any case."
Regulatory clarity
Having said that, Matt Hougan believes that Trump's victory will have a greater impact on Ethereum and other counterfeit coins. "Regulatory clarity is actually more important for the so-called counterfeit coins.". He said:
"These coins are more vulnerable to regulatory risks, so I expect that if Trump wins the election, the counterfeit coins will rebound, even more than the bitcoin. However, I think both will rise."
Hougan stated that due to the US Securities and Exchange Commission (SEC) and Commodity Trading Commission (CFTC) declaring Bitcoin as a commodity and accepting Bitcoin spot ETFs, Bitcoin already has clearer regulation than Ethereum and other digital assets. He said that this is not the case for Solana ($SOL), Aptos ($APT), and other altcoins.
Hougan said, "I speculate that if we have a new SEC, it will become clear and drive institutions to adopt it, and we will see a situation of rising tide." He expects that in either case, 2025 will be better for cryptocurrencies than 2024.
data source
(责任编辑:百科资讯)
- ·茶花股份收盘跌0.77%,主力资金净流出2004.02万元
- ·比特币价格迈向150,000美元:2020年看涨分形再现
- ·酷特智能收盘跌2.6%,主力资金净流出3142.09万元
- ·光大银行收盘涨2.68%,主力资金净流入2742.73万元
- ·USDT交易平台iOS版v6.8.3下载-苹果下载USDT官方交易所2023
- ·全面了解OKX|欧艺安卓app下载,掌握交易新体验
- ·meme币app下载安卓 meme币最新版官网app
- ·日本比特币交易所
- ·filecoin是什么币
- ·The SEC officially recognizes the ETF conversion application of the Grayscale Digital Large Cap Fund, with investment portfolios covering currencies such as SOL and XRP