The post Bitwise CIO says Trump’s crypto directive could impact Bitcoin’s four-year cycle appeared on BitcoinEthereumNews.com.

Bitwise chief investment officer (CIO) Matt Hougan suggests that US President Donald Trump’s recent executive order for crypto could lead to the market breaking its usual boom and bust 4-year cycle that has been observed over the last decade. “Last week, President Trump issued an executive order that was so overwhelmingly bullish for the space that it’s making me wonder,” Hougan said in a Jan. 29 research note referring to the potential positive impact the executive order will have on the crypto market. Bitwise CIO warns of “excess” in the crypto market Hougan warned that he sees “early signs of excess” in the crypto market, and noted the numerous companies who are all using debt to raise capital for Bitcoin purchases. He added in the research note that there is nothing wrong with this approach, but did say that it introduces leverage into the market. While the growing leverage in the crypto market suggests the 4-year cycle is intact, Hougan argued that the Jan. 23 executive order signed by US President Trump to make digital assets a “national priority” could lead to the market deviating from its traditional trend. Mainstream adoption: a new era for crypto world Hougan suggested that the recent executive order signed in The Oval Office by Trump is a turning point that he believes could lead to ‘the full mainstreaming of crypto’.  There are also policy changes at the Securities and Exchange Commission (SEC), which opted for a regulation by enforcement approach to regulate the nascent digital asset sector. However, anti-crypto Chair Gary Gensler stepped down from his influential position on Jan. 20. Since Gensler’s resignation from the SEC, there have been a series of bullish developments at the agency that could have a positive effect on the crypto market. Most notably, the SEC repealed Staff…

---

Filed under: News - @ January 30, 2025 9:21 am