‘Crypto Has Already Won’, Regardless Of Trump Or Harris Win: Bitwise CIO
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, stated that the crypto industry has solidified its position in finance, regardless of the US presidential election outcome. He indicated that a Trump victory would be more favorable for crypto than a Harris win, but Bitcoin, Ethereum, and stablecoins will thrive long-term regardless. A Democratic sweep could pose risks due to increased regulatory scrutiny. Hougan highlighted significant growth in the crypto sector since November 2020, with Bitcoin rising 408% and Ethereum 552%. Trading volumes and assets under management have also surged dramatically. He expressed confidence in continued positive trends, including ongoing institutional adoption and the growth of stablecoins and crypto ETFs. The election's short-term effects are acknowledged, but he believes it will not hinder crypto's long-term trajectory.
