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首席投資官馬特·霍根表示，加密貨幣格局發生了翻天覆地的變化，將曾經看似白日夢的事情變成了切實的可能性。
發生了什麼：美國總統大選已成爲加密貨幣支持的戰場，兩邊的候選人都在爭奪 “世界加密之都” 的稱號。
共和黨領跑者唐納德·特朗普已承諾建立戰略性的國家比特幣（加密貨幣：BTC）庫存，而參議員辛西婭·盧米斯（R-Wyo。）則提出了一項法案，要求美國財政部收購一百萬個比特幣。
甚至民主黨圈子也顯示出解凍的跡象，推定的候選人卡馬拉·賀錦麗表示加密行業可能會 “重啓”。
政治言論的這種明顯轉變與該行業動盪的過去相去甚遠。
另請閱讀：報告稱，與以太幣相比，Solana指標膨脹意味着它被 “高估”
就在兩年前，FTX的崩潰和隨後的市場低迷給加密貨幣行業蒙上了長長的陰影。
現在，比特幣被譽爲自由、自由和經濟機會的象徵。
出席比特幣會議的霍根對政治格局的迅速演變表示驚訝。
他說：“不到兩年前，美國證券交易委員會起訴了Coinbase。”“現在我們在談論美國持有比特幣作爲儲備資產。”
霍根警告說，投資者必須重新調整預期。儘管重大下行風險的可能性仍然存在，但上行潛力已急劇擴大。他的結論是：“我們還不夠看漲。”
G20國家收購比特幣或迅速通過全面的加密立法的可能性已不再牽強附會。
下一步是什麼：隨着行業的不斷成熟，11月19日舉行的Benzinga數字資產未來活動將爲進一步探索這些發展並討論其對投資者、企業和決策者的影響提供一個平台。
