Trump crypto order may disrupt Bitcoin’s 4-year cycle: Bitwise
Bitwise’s Matt Hougan said crypto wouldn’t “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before.
US President Donald Trump’s recent crypto executive order could disrupt the crypto market’s four-year boom and bust cycle that it has seen over the last decade, says Bitwise investment chief Matt Hougan.
Trump’s sweeping Jan. 23 order, along with changes at the Securities and Exchange Commission, has brought in “the full mainstreaming of crypto” where banks and Wall Street can “move aggressively into the space,” Hougan said in a Jan. 29 note.
He added crypto exchange-traded funds were “big enough” to bring in billions from new investors but said he’s convinced Trump’s executive order to explore creating a digital asset stockpile and draft a regulatory framework “will bring trillions.”
Go to Source
Author: Brayden Lindrea
