Trump’s Executive Order To Bring Trillions To Crypto, Making $200K Bitcoin Price Estimate Look Conservative, Bitwise Says
President Donald Trump’s executive order will inject trillions of dollars into the crypto market and make a $200K Bitcoin price target look conservative, potentially upending BTC’s four-year cycle. That’s according to Bitwise CIO Matt Hougan, who said in a report that the order’s push for regulatory clarity and institutional adoption could extend Bitcoin’s bull market beyond its usual four-year pattern. Hougan said the order is ”incredibly bullish” for the crypto space because it makes growing the digital asset market a top priority and will set up a clear regulatory framework for that. It also discusses creating a “national crypto stockpile” that, combined with the SEC’s pro-crypto stance, would allow major Wall Street banks and investors to enter the market. “The full mainstreaming of crypto—the one contemplated by Trump’s executive order, where banks custody crypto alongside other assets, stablecoins ar...