Bitwise CIO Matt Hougan Says Wall Street and Institutions Will Adopt Crypto Regardless of Election Results

Donald Trump gained the US presidential election on Tuesday, however Bitwise Chief Funding Officer Matt Hougan thinks crypto is already on a long-term path to adoption no matter who takes over the White Home.

Hougan famous in a latest pre-election evaluation {that a} Trump victory would assist cut back regulatory danger for altcoins.

Nevertheless, the CIO additionally stated the corporate was bullish on Bitcoin (BTC), Ethereum (ETH) and stablecoins whatever the final result.

“Our view is that no matter who wins on Tuesday:

• The inflow of spot crypto ETFs will proceed
• Stablecoins will proceed to develop quickly
• Establishments will proceed to “begin from scratch” and add allocations to cryptocurrencies
• Wall Avenue will proceed to embrace tokenization and actual property
• Blockchains will turn out to be more and more sooner and cheaper
• Actual-world purposes like Polymarket will proceed to interrupt by and acquire mainstream adoption

Make no mistake: What occurs in Tuesday’s election issues, particularly within the brief time period. However the way in which I see it, in the long term, Tuesday will show to be one thing between a pace bump and a gust of wind. Neither will cease this prepare.”

On Wednesday after the election, Hougan argued {that a} new, pro-crypto regulatory atmosphere will probably be “a game-changer.”

“A professional-crypto regulatory atmosphere will present air cowl for institutional traders who’ve lengthy wished to decide to the house.”

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