Bitwise CIO Matt Hougan Predicts Positive Regulatory Environment for Bitcoin Regardless of US Election Outcome
Matt Hougan, Chief Investment Officer at Bitwise, believes that the regulatory environment for Bitcoin will improve whether Donald Trump or Kamala Harris wins the US presidential election. This positive development is expected to benefit Bitcoin and have an even greater impact on other cryptocurrencies.
In the short term, crypto markets are likely to favor a Trump victory over a Harris win. However, institutional investors are entering the market, adoption rates are increasing, and ETF inflows are ongoing, which are all positive signs for the industry.
Hougan emphasizes that regulatory clarity is particularly crucial for altcoins, such as Ethereum and lower market cap coins, as they face higher regulatory risks compared to Bitcoin. If Trump emerges victorious, Hougan anticipates that altcoins will experience more significant gains than Bitcoin. Nonetheless, he expects both Bitcoin and altcoins to rise in value, regardless of the election outcome.
[Source: The Block](https://m.theblockbeats.info/news/268538)
