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Bitwise Says SEC’s Project Crypto Is ‘Generational Opportunity’ Not Priced In — Ethereum In Pole Position

Bitwise CIO Matt Hougan calls the Securities and Exchange Commission’s (SEC) new Project Crypto initiative a ‘generational opportunity’ that markets haven’t priced in, tipping Ethereum as a top beneficiary. Project Crypto, announced last week in a speech by SEC Chair Paul Atkins, signals a significant shift in regulatory approach, aiming to integrate blockchain technology more deeply into financial markets. Hougan sees this as a catalyst that could accelerate adoption and innovation across the crypto ecosystem. “ I’ve long been bullish about the future of crypto…but a fter reading the speech, I’m realizing I have to think bigger—and move to a faster timeline,” Hougan wrote in a memo.  “If it wasn’t priced in for me, I’m going to guess it wasn’t priced in for others.” I wrote my CIO Memo this week on SEC Chair Paul Atkins' "Project Crypto." There's a lot to say — I'll post more tom...

XRP ETF Explained: Key Players, Approval Timelines, and Market Impact

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Bitcoin: Bitwise CEO Says BTC Will Reach Over $100,000

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Bitwise CIO Matt Hougan recently spoke with Yahoo Finance on Bitcoin’s future, saying the cryptocurrency may soon reach above $100,000. The asset manager’s CIO said in the interview, “I think we’re going above $100,000 on Bitcoin.” JUST IN: Bitwise CIO says "I think we're going above $100,000 on #Bitcoin." — Watcher.Guru (@WatcherGuru) October 30, 2024 Hougan cited several factors that are currently pushing Bitcoin’s price upwards. In particular, he shed light on the upcoming US election and its impact on cryptocurrency. “I think the most important thing for Bitcoin is that the election happens,” Bitwise Asset Management Hougan says. “Regardless of a Trump win or a Harris win, the regulatory setting for bitcoin is improving, and I think that’s what you’re seeing reflected in the price.” BTC recently surpassed its previous all-time high, reaching $73,800 for the first time on Tuesday. As the election looms, mo...