Bitwise: US cryptocurrency regulatory changes may give rise to a $20 trillion financial consulting industry

BlockBeats news, June 5, according to Cointelegraph, the investment director of crypto asset management company Bitwise said that once US regulators eliminate legal uncertainty, the cryptocurrency field may attract trillions of dollars in financial advisory industry funds. Bitwise Chief Investment Officer Matt Hougan wrote in a June 4 article that regulatory uncertainty is the main reason why financial advisors have not increased cryptocurrency investment in the past five years. He believes that the United States is moving towards regulatory clarity, which may open up the cryptocurrency market to the country's $20 trillion financial advisory industry. Hougan said that if policy barriers are removed, a lot of money will flow into the cryptocurrency field. He emphasized that there are a lot of "excess return" opportunities in the cryptocurrency market that have not been touched by "outsiders". He also pointed out that although the repeal of SAB 121 was rejected and the passage of the FIT21 bill by the Senate was in doubt, the tide in the cryptocurrency field has changed and only needs to wait for actual policy changes. He called on the market to pay attention to the upcoming policy trends.