CoinVoice has recently learned that Bitwise Chief Investment Officer Matt Hougan said that U.S. Vice President Harris’ recent comments on cryptocurrencies indicate that investors will flock to the digital asset market if regulators give the green light.
On Monday, Harris pledged to support a regulatory framework that protects Black people from investing in and owning cryptocurrencies. Hougan noted in a blog post that Harris’ proposal coincided with a 5% rise in bitcoin prices on Monday and $555.8 million in inflows into bitcoin spot ETFs, the largest inflow since June 4.
He added: “Regardless of what Harris said, the price action on that day tells me that there is a lot of money sitting on the sidelines waiting for the all-clear to enter the market.” [Original link]
