Bitwise CIO sees the golden age of crypto since Trump’s victory

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Bitwise CIO predicts significant changes in crypto regulation and market dynamics following Trump's primary victories. Despite the optimism, the Bitwise CIO warns about the choice of investors due to both successful and unsuccessful crypto projects.

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Bitwise CIO Matt Hougan anticipates change in crypto regulation and market dynamics, predicting major policy changes in the first 100 days of a new administration.

Yes, we are.

— Matt Hougan (@Matt_Hougan) November 6, 2024

“We are entering the golden age of crypto,” the CIO explained, noting that the industry is operating “with one or maybe two arms tied behind its back” due to SEC enforcement actions and regulatory uncertainty.

Beyond regulatory relief, the CIO emphasized that crypto was already in a bull market before the election.

The crypto market this year saw $23 billion in net flows to Bitcoin ETFs, Bitcoin halving in April, growing institutional investment and expanding real-world applications in stablecoins, prediction markets and games.

Another critical issue noted by the CIO is the rising U.S. government debt, which has reached $36 trillion and continues to grow by $1 trillion every 100 days — a trend he believes will continue under the new administration.

Bitwise's CIO has cautioned investors about market selection while remaining optimistic about crypto's prospects.

“All yesterday's election does is put crypto on a level playing field. There are good and bad projects in crypto, there are those that thrive and those that fail in this level playing field.

In closing, the Bitwise CIO congratulates crypto's early adopters despite regulatory headwinds, recognizing their role in bringing the industry to this critical point.

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