Bitwise CIO Matt Hougan Says Wall Street and Institutions Will Adopt Crypto Regardless of Election Results
Donald Trump won the US presidential election on Tuesday, but Bitwise chief investment officer Matt Hougan thinks crypto was already on a long-term path to adoption regardless of who took the White House.
Hougan noted in a recent analysis prior to the election that a Trump victory would help reduce regulatory risk for altcoins.
However, the CIO also said the firm was bullish on Bitcoin (BTC), Ethereum (ETH) and stablecoins regardless of the outcome.
“Our view is that regardless of who wins on Tuesday:
- Spot crypto ETF inflows will continue
- Stablecoins will continue to grow rapidly
- Institutions will continue to ‘get off zero’ and add allocations to crypto
- Wall Street will continue to embrace tokenization and real-world…
