Matt Hougan, the CIO of Bitwise, believes a win for Donald Trump could lead to a substantial increase in altcoin prices. The prediction is based on expected changes in regulations that could favor alternative cryptocurrencies.
In addition to the potential altcoin rally, Hougan also anticipates a significant increase in Bitcoin's value, forecasting it to reach $100,000 by the year 2025.
The prospect of regulatory adjustments under another Trump administration is considered a catalyst for these cryptocurrency market changes.
Source: cryptonews.com ↗