CoinShares Research Director: There may be a significant inflow of funds into Bitcoin in the next two years, further increasing adoption rates

Odaily Planet Daily News CoinShares Research Director James Butterfill stated that the cryptocurrency industry may benefit from Trump's potential influence on the SEC, as Trump has publicly criticized the agency and its chairman Gary Gensler, indicating that the agency may shift to a more favorable regulatory stance towards cryptocurrencies. "Trump is also expected to implement stricter fiscal policies to address the worsening U.S. debt problem, which could lead to more accommodative monetary policies as a balance, benefiting digital assets," Butterfill stated in an email. Butterfill also noted that improvements in the regulatory environment could help reduce the stigma surrounding cryptocurrency ownership and promote wider adoption. He added, "Currently, 13F filings show that despite a record inflow of $29 billion this year, the adoption rate remains relatively low. This year and next, we may continue to see record inflows into Bitcoin." (The Block)