A ‘quantum’ shift is coming to cryptocurrencies as hostile regulatory policies fade: Matt Hogan, CTO at Bitwise
Matt Hogan, CTO at Bitwise, says digital assets will likely go through a bull run in the next six months as the market digests the new crypto-friendly US presidential administration.
In a mail On social media platform
“On my first road trip of the year I spoke with traditional investors. One takeaway: The change in Washington’s stance on cryptocurrencies had not been taken into account. The reason is that it is difficult for people outside the crypto space to imagine how oppressive the environment has been.”
Unless you are close to cryptocurrencies, things like Operation Choke Point 2.0 and “arbitrary and capricious” regulators seem like conspiracy theories. “I suspect the market will quickly reevaluate cryptocurrencies in the next six months as it realizes the scale of the shift.”
Earlier this month, Hogan said that the adoption of Bitcoin by nation-states could ultimately be the main catalyst that sends Bitcoin to much higher prices.
Hunter Horsley, CEO of Bitwise, recently said in… mail On
“We just provided some information to a nation state asking about Bitcoin ETFs.
Consider moving some exposure from foreign currency government bonds to BTC.
Bitcoin is entering a new chapter.”
At the time of writing, Bitcoin is trading at $105,338.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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