Bitwise Asset Management’s Chief Investment Officer Matt Hougan has a positive outlook on the crypto market, despite potential regulatory challenges. He believes that crypto’s growth trajectory is unstoppable and will continue to thrive in the long term. Despite political and regulatory headwinds, Hougan points to the progress made in areas such as Bitcoin and Ethereum prices, open interest in CME Bitcoin Futures, and the growth in decentralized finance (DeFi) total value locked (TVL) and stablecoin adoption.
Hougan’s analysis also considers the potential impact of election outcomes on the short-term growth of the crypto market. He suggests that short-term, a Trump victory is better than a Harris victory and warns of increased regulatory risks for altcoins under a Democratic administration. However, he maintains confidence in the crypto market even in a worst-case scenario and predicts ongoing growth in areas such as stablecoins, institutional adoption, tokenization, and mainstream applications.
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