The cryptocurrency landscape has undergone a seismic shift, turning what once seemed like daydreams into tangible possibilities, according to Matt Hougan, Chief Investment Officer at Bitwise Investments.
What Happened: The U.S. presidential race has become a battleground for crypto support, with candidates from both sides of the aisle vying for the title of the "crypto capital of the world."
Republican frontrunner Donald Trump has pledged to create a strategic national Bitcoin (CRYPTO: BTC) stockpile, while Senator Cynthia Lummis (R-Wyo.) has proposed a bill for the U.S. Treasury to acquire a million bitcoin.
Even Democratic circles are showing signs of a thaw, with presumptive nominee Kamala Harris signaling a potential "reset" with the crypto industry.
This stark shift in political rhetoric is a far cry from the industry's tumultuous past.
Also Read: Inflated Solana Metrics Mean It's 'Overvalued' Compared To Ethereum, Report Claims
Just two years ago, the collapse of FTX and the subsequent market downturn cast a long shadow over the cryptocurrency sector.
Now, Bitcoin is being heralded as a symbol of freedom, liberty and economic opportunity.
Hougan, who attended the Bitcoin conference, expressed astonishment at the rapid evolution of the political landscape.
"Less than two years ago, the SEC was suing Coinbase," he said. "Now we're talking about the U.S. holding Bitcoin as a reserve asset."
Hougan warns that investors must recalibrate their expectations. While the potential for significant downside risk remains, the upside potential has expanded dramatically. His takeaway: "we're not bullish enough."
The possibility of a G20 country acquiring Bitcoin or swift passage of comprehensive crypto legislation is no longer far-fetched.
What's Next: As the industry continues to mature, the Benzinga Future of Digital Assets event on Nov. 19 will provide a platform to explore these developments further and discuss the implications for investors, businesses and policymakers.
Bitwise Investments首席投资官马特·霍根表示，加密货币格局发生了翻天覆地的变化，将曾经看似白日梦的事情变成了切实的可能性。
发生了什么：美国总统大选已成为加密货币支持的战场，两边的候选人都在争夺 “世界加密之都” 的称号。
共和党领跑者唐纳德·特朗普已承诺建立战略性的国家比特币（加密货币：BTC）库存，而参议员辛西娅·卢米斯（R-Wyo。）则提出了一项法案，要求美国财政部收购一百万个比特币。
甚至民主党圈子也显示出解冻的迹象，推定的候选人卡马拉·哈里斯表示加密行业可能会 “重启”。
政治言论的这种明显转变与该行业动荡的过去相去甚远。
另请阅读：报告称，与以太坊相比，Solana指标膨胀意味着它被 “高估”
就在两年前，FTX的崩溃和随后的市场低迷给加密货币行业蒙上了长长的阴影。
现在，比特币被誉为自由、自由和经济机会的象征。
出席比特币会议的霍根对政治格局的迅速演变表示惊讶。
他说：“不到两年前，美国证券交易委员会起诉了Coinbase。”“现在我们在谈论美国持有比特币作为储备资产。”
霍根警告说，投资者必须重新调整预期。尽管重大下行风险的可能性仍然存在，但上行潜力已急剧扩大。他的结论是：“我们还不够看涨。”
G20国家收购比特币或迅速通过全面的加密立法的可能性已不再牵强附会。
下一步是什么：随着行业的不断成熟，11月19日举行的Benzinga数字资产未来活动将为进一步探索这些发展并讨论其对投资者、企业和决策者的影响提供一个平台。
