As Donald Trump secured his return to the presidency for the 2025-2029 term, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, expressed a bullish outlook for the cryptocurrency market, proclaiming it has entered a “golden age.”

In a recent video shared on social media platform X (formerly Twitter), Hougan highlighted the implications of Trump’s victory for the digital asset sector, emphasizing the potential for a more favorable regulatory environment.

A New Era For Crypto Regulation

Hougan’s optimism stems from the significant market rally triggered by Trump’s election, which he believes will lead to a pro-crypto stance in both the presidency, Congress and House of Representatives.

The CIO noted recent successes in the digital asset ecosystem, with Bitcoin (BTC) hitting an all-time high of $75,500 and other cryptocurrencies such as Solana (SOL) and other altcoins also seeing significant gains in the past few days.

For the past eight years, Hougan argued, the cryptocurrency industry has operated under significant constraints, facing aggressive enforcement actions from the US Securities and Exchange Commission (SEC) and a multitude of lawsuits that created a cloud of uncertainty.

Bitwise CIO expects this regulatory pressure to begin to ease within the first 100 days of Trump’s new administration, as the Republican has consistently shown his support for the growth and innovation of the digital asset sector, with a new regulatory framework on the horizon.

Moreover, Hougan envisions a landscape characterized by balanced regulation, including clear legislation for stablecoins and a framework that allows institutional investors to better evaluate cryptocurrencies. This, he argues, will lead to increased investment flows and adoption, paving the way for a bull market that could last for years.

Key Catalysts For Sustained Market Momentum

During the video, Hougan also pointed out that the crypto market was already on a bullish trajectory leading up to the election, fueled by multiple catalysts.

Hougan cited the $23 billion in net inflows into Bitcoin exchange-traded funds (ETFs) as a strong indicator of growing institutional interest, which he expects to accelerate further in 2025.

Additionally, he highlighted the impact of the Bitcoin Halving that occurred earlier this year, which historically contributes to price increases, as well as the US national debt, currently at $36 trillion and rising at an alarming rate.

Hougan believes these factors, combined with a more supportive political climate for cryptocurrencies, will sustain the momentum in the market.

While Hougan is optimistic about the future of cryptocurrencies, he also emphasized the need for caution among investors. He acknowledged that the crypto space is diverse, with both promising and underperforming projects. Understanding the differences between these is crucial for making informed investment decisions.