Bitwise Chief Investment Officer: A large amount of funds are waiting on the sidelines, waiting to enter the market after the US crypto regulatory risks are lifted

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ODAILY
10-16
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Odaily Planet Daily Report: Bitwise Chief Investment Officer Matt Hougan said that recent comments by US Vice President Harris on cryptocurrency indicate that if regulators give the green light, investors will flock to the digital asset market. On Monday, Harris promised to support a regulatory framework that protects Black investors and owners of cryptocurrencies. Hougan pointed out in a blog post that Harris's proposal coincided with a 5% rise in the price of Bitcoin on Monday, and $558 million flowed into the Bitcoin spot ETF, the largest inflow since June 4. He added: "Regardless of what Harris actually said, the price movement that day tells me that there is a lot of money on the sidelines waiting to be unleashed into the market."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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