Crypto Market Might Be Undervalued Amid SEC’s New Stance
Crypto investors are likely underestimating the extent of the US securities regulator’s new stance on crypto, meaning that crypto prices could still have room to grow, according to the chief investment officer of Bitwise.
US Securities and Exchange Commission chair Paul Atkins published a speech he gave on July 31 at the America First Policy Institute about how blockchain will be integrated into the financial markets.
Bitwise’s Matt Hougan on Tuesday said the speech caught him “off guard” and left him wondering whether Atkins’ vision has been priced into the market.
“The most bullish document I’ve read on crypto wasn’t written by some yahoo on Twitter. It was written by the chairman of the SEC.”
“I can’t imagine…
