Will BTC and Altcoins Rise After the US Elections?

As the US presidential elections approach, discussions on regulatory clarity and investment environment in the cryptocurrency markets are gaining momentum. Matt Hougan, the Chief Investment Officer of Bitwise, emphasizes the importance of the regulatory environment that will emerge after the election, especially for Ethereum and altcoins. Bitcoin's recognition as a commodity by the SEC and CFTC makes it a safer investment instrument. The high demand for spot Bitcoin ETFs shows that Bitcoin benefits from regulatory clarity. According to Hougan, while these developments strengthen Bitcoin, there are still uncertainties for altcoins. Here are the details...

Bitcoin's Strong Position (BTC)

Bitcoin (BTC) has gained regulatory clarity as it has been recognized as a commodity by the SEC. This also increases investor confidence. The increasing interest in spot Bitcoin ETFs indicates that Bitcoin is increasingly embraced by institutional investors. Hougan states that Bitcoin can be successful regardless of political changes in Washington and adds the following:

The success of Bitcoin is no longer dependent on Washington; as ETF entries and institutional investor interest continue, Bitcoin will continue its rise.

Bitwise's research also supports this view. The increase in Bitcoin ETF applications predicts that Bitcoin will continue to rise in terms of market value. According to some analyses, the price of BTC will reach up to $80,000 by the end of 2024.

Uncertain Future for Altcoins

Bitcoin is calling for regulatory clarity. However, Ethereum and other altcoins will face more regulatory uncertainty in the post-election period. In addition, Hougan believes that altcoins will be more affected by new regulations. If Donald Trump wins the election and Republicans take control of Congress, the passage of BTC and crypto-friendly laws could make altcoins like Ethereum more attractive for institutional investments. Hougan points out a possible altcoin rally, saying, "Trump's victory could be a great opportunity for altcoins."

If regulatory clarity is provided for Ethereum and altcoins, there will be a new rally in the altcoin market. Hougan says such a regulatory environment will accelerate the adoption of Ethereum. It also indicates that it could cause a general uptrend in the market. In particular, with the interest of institutional investors, there will be a positive movement in the altcoin market. Eyes are also on the election results to see what will happen in the crypto markets after the U.S. elections.

US Elections and Investors' Eyes on Bitcoin (BTC)

As we reported on Kriptokoin.com, the impact of the upcoming US elections on Bitcoin is a matter of concern, especially for investors. Trump's statements such as 'the voting preference should be clear for those who support crypto' have increased investors' interest in Bitcoin. On the other hand, Vice President Kamala Harris approaches digital assets more cautiously. This difference provides important clues about how election results can affect the crypto market.

Analysts believe that if a friendly approach to cryptocurrencies comes to power, the demand for Bitcoin will increase even more. Therefore, investors expect more volatility in BTC price after the election. In the event of a Trump victory, the likelihood of Bitcoin gaining value is very high. This is also of great importance to investors closely following the election process.

To be instantly informed of the latest developments, follow us on Twitter, Facebook, and Instagram and join our Telegram and YouTube channels!