TechFlow news, on October 16, according to The Block, Bitwise Chief Investment Officer Matt Hougan recently stated that once the U.S. cryptocurrency regulatory environment becomes clear, a significant amount of capital will flow into the digital asset market. This view stems from an interpretation of recent cryptocurrency-related remarks made by U.S. Vice President Harris.
Previous report, Harris pledged support for establishing a regulatory framework that protects Black investors and cryptocurrency holders. Hougan noted that Harris's proposal coincided with a 5% rise in Bitcoin’s price on the same day, along with $555.8 million flowing into Bitcoin spot ETFs—the largest single-day inflow since June 4, 2024. In his blog, Hougan wrote: "Regardless of exactly what Harris said, the market reaction that day clearly shows a large amount of capital is waiting on the sidelines, ready to enter the market upon receiving a regulatory 'green light'."
