According to BlockBeats, on October 31, Bitwise Chief Investment Officer Matt Hougan stated, "Whether Trump or Harris wins, the regulatory environment for Bitcoin is improving. This is positive news for Bitcoin, especially for other cryptocurrencies as well.
Of course, in the short term, the crypto market leans more towards a Trump victory rather than a Harris win, but in reality, institutions are entering this space, adoption rates are increasing, and ETF inflows are also underway.
I believe that regulatory clarity is actually more important for so-called altcoins, such as Ethereum and lower market cap coins, which are more susceptible to regulatory risk. Therefore, if Trump wins, I expect altcoins to rise more than Bitcoin. But in any case, I think both will go up." (The Block)
