Bitwise Chief Investment Officer: A large amount of capital is on the sidelines, waiting to enter the market after the U.S. crypto regulatory risks are resolved

ChainCatcher news, 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 that protects Black investors and ownership of cryptocurrency. Hougan noted in a blog post that Harris's proposal coincided with a 5% rise in Bitcoin prices on Monday, with $555.8 million flowing into Bitcoin spot ETFs, the largest inflow since June 4.

He added, "Regardless of what Harris actually said, the price movement that day tells me that there is a lot of capital on the sidelines waiting for the alarm to be lifted to enter the market."