Bitwise CIO Matt Hougan believes the crypto industry is underestimating a significant political shift in Washington, D.C.
Political Muscle
Hougan highlights the industry’s success in building political influence, including the establishment of one of the largest political action committees in the capital.
Market Impact
If the true extent of this shift were understood, Hougan argues, crypto markets would be at record highs. He attributes the current lack of market response to the complexity and delayed impact of the political changes.
Upcoming Changes
Despite the veto of the Stablecoin Act (SAB 121) and the uncertain future of the Financial Innovation and Technology Act (FIT21), Hougan believes the tide has turned in crypto’s favor.
Mainstream Acceptance
Once the tension between politicians and the industry subsides, Hougan predicts a significant inflow of financial advisor-managed funds into digital assets. This widespread acceptance will propel the crypto market to new heights.
Current Opportunity
Until the market fully grasps the implications of the political shift, Hougan suggests there may be untapped opportunities for investors.
