Bitwise CIO sees crypto’s golden age beginning with Trump’s win

Key Takeaways

• Bitwise CIO predicts significant shifts in crypto regulation and market dynamics following Trump's primary victories.
• Despite optimism, the Bitwise CIO warns of investor selectivity due to both thriving and failing crypto projects.

Bitwise CIO Matt Hougan expects a transformative shift in crypto regulation and market dynamics following Trump’s primary victories, predicting major policy changes within the first 100 days of a potential new administration.

“We are entering the golden age of crypto,” the CIO said, noting that the industry has operated with “one or maybe two arms tied behind its back” due to SEC enforcement actions and regulatory uncertainty.

Beyond regulatory relief, the CIO underscores that crypto was already in a bull market before the elections.

The crypto market was showing bullish indicators, with $23 billion in net flows into Bitcoin ETFs this year, the Bitcoin halving in April, growing institutional investment, and expanding real-world applications in stablecoins, prediction markets, and gaming.

Another critical factor highlighted by the CIO is the mounting US government debt, which has reached $36 trillion and continues to grow at a rate of $1 trillion every 100 days—a trend he believes will persist under the new administration.

While optimistic about crypto’s prospects, Bitwise’s CIO cautioned investors about market selectivity.

“All that yesterday’s election does is put crypto on a level playing field. There are both good and bad projects in crypto, things that will thrive in this level playing field and things that will fail,” he said.

In closing, the Bitwise CIO congratulates early adopters who championed crypto despite regulatory headwinds, recognizing their role in bringing the industry to this pivotal stage.