Bitwise Chief Investment Officer: A large amount of money is waiting off the market, ready to enter after the risk of U.S. crypto regulation is lifted

Bitwise Chief Investment Officer Matt Hougan stated that recent comments by U.S. Vice President Harris on cryptocurrency indicate that if regulators give the green light, investors will flood into the digital asset market. On Monday, Harris pledged to support a regulatory framework for protecting black investment and ownership of cryptocurrencies. In a blog post, Hougan pointed out that coinciding with Harris's proposal was a 5% increase in Bitcoin prices on Monday, with $555.8 million flowing into Bitcoin spot ETFs - the largest inflow since June 4th. He added: "Regardless of what Harris said exactly, the price trend of the day tells me there is a lot of money waiting offstage for an all-clear signal to enter the market."