According to TechFlow, on October 16, The Block reported that Matt Hougan, chief investment officer of Bitwise, said recently that once the regulatory environment for cryptocurrencies in the United States becomes clear, a large amount of funds will flow into the digital asset market. This view stems from his interpretation of the latest cryptocurrency remarks by U.S. Vice President Harris.
Earlier news, Harris pledged to support the establishment of a regulatory framework to protect black investors and cryptocurrency holders. Hougan pointed out that Harris' proposal coincided with a 5% increase in the price of Bitcoin that day, and $555.8 million flowed into the Bitcoin spot ETF, the largest single-day inflow since June 4, 2024. Hougan wrote in a blog post: "Regardless of what Harris said specifically, the market reaction on the day clearly showed that a large amount of funds were waiting on the sidelines, waiting for the regulatory 'green light' to enter the market."
