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
相关文章:
- 比特幣漲幅又回吐,ETH/BTC 匯率跌至 2021 年 4 月以來的新低
- 10月31日前海开源优质企业6个月持有混合C净值下跌0.62%,近1个月累计下跌5.29%
- 龙庆峡什么山上什么温度
- 10月31日交银先锋混合C净值下跌0.15%,近1个月累计上涨2.25%
- 空车什么后天气什么-
- 10月31日金元顺安宝石动力混合净值增长0.44%,近3个月累计上涨8.13%
- 脑钱包怎么生成 脑钱包生成器
- 10月31日前海联合泓鑫混合A净值下跌0.30%,近1个月累计下跌2.15%
- 银行现金分期对比哪家强?网贷我不太信任,想选一个靠谱的银行分期。
- 10月31日东吴新产业精选股票C净值下跌0.26%,近1个月累计下跌0.48%
相关推荐: