Bitwise Chief Investment Officer Matt Hougan believes that regardless of whether Trump or Harris wins the election, the regulatory environment for Bitcoin is improving. This positive development is expected to benefit not only Bitcoin but also other cryptocurrencies, especially in the long run.
In the short term, the crypto markets seem to favor a Trump victory over a Harris win. However, the reality is that institutional investors are entering the space, adoption rates are increasing, and ETF inflows are underway.
Hougan emphasizes that regulatory clarity is even more crucial for altcoins, such as Ethereum and lower market cap coins, which are more susceptible to regulatory risks. If Trump wins, he expects altcoin gains to be more significant than Bitcoin’s. Nonetheless, he believes both Bitcoin and altcoins will experience growth.
Source: [The Block](https://m.theblockbeats.info/news/268538)
