We are entering the golden age of cryptocurrencies, We are entering the golden age of cryptocurrencies, the CIO said, noting that the industry has been operating with "one or two hands tied behind our backs" due to SEC actions and regulatory uncertainty.
In addition to deregulation, CIO emphasized that #cryptocurrencies were already in a bull market before the election.
the bull market in cryptocurrencies is supported by a net inflow of $23 billion into #bitcoin ETFs this year, bitcoin halving in April, growing institutional investment, stable coins, predictive markets and growing real-world applications such as gaming.
Another important factor that the CIO pointed out is the growing U. S. national debt, which has reached $36 trillion and continues to increase at a rate of $1 trillion every 100 days.
Despite the optimistic outlook for cryptocurrencies, Bitwise's CIO cautioned investors to be selective about the market.
Yesterday's election simply put cryptocurrencies on the same playing field. Cryptocurrencies have good and bad projects, and on this level playing field, some projects will succeed and others will fail.
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