Matt Hougan, chief investment officer at Bitwise, said in a social media post that "the U.S. plan to build a strategic reserve of bitcoin has not been priced by the market. It's not even close."
Michael Rosen, chief investment officer at Angeles Investments, said: "There is hope that taxes and regulations will be lowered or reduced next year, which will help support corporate profits, which are the main factor driving the market." In addition, Trump's inauguration on January 20 next year may also bring some surprises to the market. It is expected that he will issue at least 25 executive orders on his first day in office, covering a range of issues from immigration to energy and cryptocu...
"Every year, we survey hundreds of financial advisors and ask them what is holding them back from investing in cryptocurrencies," Matt Hougan, chief investment officer at Bitwise, said in an X post. "Every year, they tell us that" regulatory issues "are the number one reason. This is one of the reasons why this election is a game changer for cryptocurrencies. We will see a wave of institutional capital in the coming months."
Bitwise Chief Investment Officer Matt Hougan said that the US Spot Ethereum ETF will have a difficult start after listing, but the impact on the asset's price is likely to be greater than the impact of the Spot Bitcoin ETF on BTC, and the Spot Ethereum ETF will have a greater impact on the ETH price for three reasons: 1. The multitude of Ethereum use cases has resulted in Ethereum's inflation rate actually approaching zero, as the amount of new ETH generated each day is relatively small compared...