As the US presidential election continues, Bitwise CIO Matt Hougan expressed optimism about the long-term outlook for the crypto market. Hougan emphasized that crypto assets have the potential to be successful regardless of the election outcome. At the time of writing, Trump is leading the election.
Crypto Market Comments
Bitwise CIO Matt Hougan, Bitcoin 
$68,797Ethereum 
$2,438 and stated that stablecoins will continue their upward trend regardless of the election result. “Washington cannot stop crypto,” Hougan said, adding that the government’s influence on the crypto market is limited.
“Bitcoin, Ethereum and stablecoins will continue their rise regardless of the election result.” -Matt Hougan.
Hougan argued that the government could temporarily affect the pace of the market or create regulatory challenges, but was unlikely to halt the industry’s expansion. He added that a Democratic Party win could bring more regulatory hurdles, especially for altcoins.
Over the last few years, the crypto market has faced regulatory and market challenges. Despite SEC lawsuits and regulatory risks, crypto assets have remained stable. Hougan noted that despite being under constant surveillance, the crypto market has seen significant growth thanks to increased institutional adoption.
Corporates and New Trend
According to Matt Hougan, institutional investors’ interest in crypto assets continues to grow. It is expected that major banks will abandon their zero allocation policies and start allocating capital to crypto. Additionally, as Wall Street embraces tokenization (RWA), which represents real-world assets on blockchain networks, traditional financial systems’ acceptance of crypto technology will contribute to the long-term growth of the crypto industry.
Hougan cited traditional asset managers developing tokenized funds as an example of investors being able to access new levels of liquidity. These developments indicate that the crypto market will become even stronger with the adoption of blockchain technology.
In conclusion, current growth indicators and institutional investment trends in the crypto market strengthen the foundations for long-term success in the industry. Investors should take the risk of market fluctuations and not completely ignore the potential for devastating legal pressure on altcoins.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
