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:基金数据)
- ·万圣节惊悚夜见闻:加密窘态横生,未来上涨将在何处轰鸣?
- ·区块链项目平台
- ·公户转法人私户备注备用金可以吗
- ·鲨鱼币价格
- ·存货借方余额是什么意思
- ·挖矿交易平台
- ·平遥明天什么天气预报
- ·汇算清缴调增费用影响所得税吗
- ·个体工商户可以开专票吗
- ·10月31日广发安宏回报混合A净值增长0.55%,近3个月累计上涨10.09%
- ·元宝币钱包更新
- ·150人年赚140亿:Tether如何打造「加密印钞机」?
- ·门罗币怎么挖怎么兑现 门罗币用什么挖划算
- ·10月31日银华医疗健康量化优选A净值下跌0.53%,今年来累计下跌12.22%
- ·Dogecoin rises over 15% after Musk shares government efficiency plan
- ·青梅什么时候成熟
- · 数字货币交易app
- · 虚拟货币交易平台排名
- · 全球三大虚拟货币交易平台
- · 虚拟货币交易
- · 数字货币交易所
- · 数字货币交易平台app
- · 虚拟货币交易平台排名
- · 虚拟货币交易平台有哪些
- · okx官方
- · 加密货币交易所