Bitwise CIO: US election is going to be a speed bump or wind gust for crypto
Bitcoin’s value has risen over 400% between 2020 and 2024 Solana has increased in value by nearly 4,500% from $1.49 to around $166 in four years This trajectory of positivity will continue beyond the 2024 US elections, according to Matt Hougan Bitwise’s CIO has said while Washington can alter the trajectory of the crypto market by speeding things up or slowing them down, it can’t stop it. In his latest client memo, Matt Hougan wrote about crypto in an election year, claiming that crypto has already won, regardless of who becomes the next President of the United States. Comparing the state of the crypto market from November 2020 to November 2024, Hougan questioned whether things are better or worse since the last time Americans went to the polls. Despite several lawsuits from the US Securities and Exchange Commission (SEC) – notably against Binance, Coinbase, Cumberland DRW, Kraken, and Ripple – the crypto industry has made sign...