Bitwise CIO Declares: ‘We Are Entering The Golden Age Of Crypto’ With Years Of Bull Market Ahead’
The post Bitwise CIO Declares: ‘We Are Entering The Golden Age Of Crypto’ With Years Of Bull Market Ahead’ appeared on BitcoinEthereumNews.com.
As Donald Trump secured his return to the presidency for the 2025-2029 term, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, expressed a bullish outlook for the cryptocurrency market, proclaiming it has entered a “golden age.” In a recent video shared on social media platform X (formerly Twitter), Hougan highlighted the implications of Trump’s victory for the digital asset sector, emphasizing the potential for a more favorable regulatory environment. A New Era For Crypto Regulation Hougan’s optimism stems from the significant market rally triggered by Trump’s election, which he believes will lead to a pro-crypto stance in both the presidency, Congress and House of Representatives. The CIO noted recent successes in the digital asset ecosystem, with Bitcoin (BTC) hitting an all-time high of $75,500 and other cryptocurrencies such as Solana (SOL) and other altcoins also seeing significant gains in the past few days. For the past eight years, Hougan argued, the cryptocurrency industry has operated under significant constraints, facing aggressive enforcement actions from the US Securities and Exchange Commission (SEC) and a multitude of lawsuits that created a cloud of uncertainty. Bitwise CIO expects this regulatory pressure to begin to ease within the first 100 days of Trump’s new administration, as the Republican has consistently shown his support for the growth and innovation of the digital asset sector, with a new regulatory framework on the horizon. Moreover, Hougan envisions a landscape characterized by balanced regulation, including clear legislation for stablecoins and a framework that allows institutional investors to better evaluate cryptocurrencies. This, he argues, will lead to increased investment flows and adoption, paving the way for a bull market that could last for years. Key Catalysts For Sustained Market Momentum During the video, Hougan also pointed out that the crypto market was already on a bullish trajectory leading up…
Filed under: News - @ November 6, 2024 8:27 pm