Matt Hougan, the big boss at Bitwise, a crypto investment firm, thinks crypto is going to keep growing no matter who wins the US election.
Crypto’s Long-Term Path
Hougan believes that crypto is already on a roll and will continue to be adopted by Wall Street and institutions, regardless of who’s in the White House. He sees a few key trends continuing:
- More money flowing into crypto ETFs: These are like mutual funds for crypto.
- Stablecoins booming: These are cryptocurrencies pegged to real-world currencies like the US dollar, making them less volatile.
- Big institutions getting in on the action: More and more large companies are starting to invest in crypto.
- Wall Street embracing tokenization: This is where real-world assets like stocks or bonds are turned into digital tokens on a blockchain.
- Faster and cheaper blockchains: This makes crypto transactions more efficient.
- More real-world uses: We’re seeing more and more companies using crypto for things like payments or voting.
A Pro-Crypto Future?
Hougan thinks a new regulatory environment that’s friendly to crypto could be a big deal. He believes this would give institutions the confidence they need to invest in crypto.
The Bottom Line
Even though the election might have some short-term effects on crypto, Hougan believes the long-term trend is clear: crypto is here to stay.
