Bitwise CIO: Regulatory clarity after the US election is more important for altcoins
Bitwise's Chief Investment Officer Matt Hougan said, "Whether it is Trump or Harris who wins, the regulatory environment for Bitcoin is improving. This is positive news for Bitcoin, especially for other cryptocurrencies. Of course, in the short term, the crypto market is more inclined towards Trump winning rather than Harris, but in reality, institutions are entering this field, adoption rates are rising, and ETF funds are also flowing in. I believe that regulatory clarity is actually more important for so-called altcoins, such as Ethereum and lower market value currencies, which are more susceptible to regulatory risks. Therefore, if Trump wins, I expect altcoins to rise more than Bitcoin. But in any case, I think both will rise."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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