Donald Trump won the presidential election in the United States. However, Matt Hougan, Bitwise’s chief investment officer, stated that cryptocurrencies will continue to be adopted in the long term regardless of who is in the White House.
Cryptocurrency Regulations and Altcoins
In a pre-election analysis, Hougan stated that Trump’s victory would reduce regulatory risk for altcoins. However, the company’s Bitcoin 
$75,017Ethereum 
$2,827 and continued that his interest in stablecoins is not dependent on the election outcome.
Growth Potential of Cryptocurrencies
“Regardless of the election results, spot crypto ETF investments will continue, stablecoins will continue to grow rapidly, and institutions will continue to allocate to crypto,” Hougan said.
Corporate Investments and Tokenization
Hougan stated that Wall Street will continue to embrace tokenization and real-world assets. He also added that he believes blockchain technology will accelerate and become cheaper.
“The election results may be important in the short term, but they will not stop these developments in the long term.” – Matt Hougan
In his post-election statement, Hougan stated that a pro-crypto regulatory environment would create a significant change for institutional investors. He stated that this environment will provide support to institutions that have wanted to invest in crypto for a long time.
Bitwise CIO Matt Hougan continued his belief in the future of cryptocurrencies and emphasized that they focused on the general acceptance process of the market.
It is predicted that cryptocurrency markets will continue to grow regardless of political factors. The interest of institutions and Wall Street in this area is likely to accelerate the adoption of cryptocurrencies.
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.
