According to BlockBeats, on October 16, Bitwise Chief Investment Officer Matt Hougan stated that recent comments by U.S. Vice President Kamala Harris about cryptocurrency suggest that if regulators give the green light, investors will flock to the digital asset market.
On Monday, Harris pledged to support a regulatory framework that protects Black investors and cryptocurrency ownership. Hougan noted in a blog post that Harris's proposal coincided with a 5% increase in Bitcoin prices and a $555.8 million inflow into Bitcoin spot ETFs, marking the largest inflow since June 4.
He added, 'Regardless of what Harris specifically said, the price movement on that day indicates to me that there is a lot of money on the sidelines, waiting for the all-clear to enter the market.'
