Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, has suggested that a Trump victory in the upcoming election could result in a rally for altcoins. According to Hougan, increased regulatory clarity and institutional interest, driven by a Trump win, could boost the market appeal of altcoins. While he believes that Bitcoin is poised for growth regardless of the election outcome, Hougan argues that altcoins may benefit more under a Trump administration due to anticipated regulatory shifts. He also highlights the regulatory improvements for Bitcoin and the broader crypto market, emphasizing that altcoins, such as Ethereum, face more regulatory uncertainties. Hougan believes that now is the best time to invest in Bitcoin, citing reduced volatility, institutional participation, and new financial products as contributing factors to its current momentum. He suggests that even if there is short-term volatility under a Harris administration, the long-term trajectory for Bitcoin and the crypto sector remains positive due to bipartisan interest in crypto regulation.
