Matt Hougan: Biden's decree will lead to an increase in the price of Bitcoin – Bits Media

The investment director of Bitwise Asset Management believes, that US President Joe Biden's decree on cryptocurrencies could lead to an increase in the price of Bitcoin.

Matt Hougan (Matt Hougan) stated, that cryptocurrencies need clear regulation, to become really popular. Head Bitwise confident, that digital assets require promotion from regulators. And for this it is necessary to ensure adequate protection for investors:

"If you believe in technology, underlying cryptocurrency, if you believe in her potential, you need regulation, which will allow the technology to develop and show itself. Currently, blockchain only affects a small part of society, but we would like to see the impact of this technology on life, finance and Internet operation".

The head of Bitwise believes, that the current stage of the industry’s history is preparing the ground for the growth of the cryptocurrency market, which will happen this year and continue next year.

Recall, what 9 March the American President issued a special decree, instructing federal agencies to coordinate efforts to develop rules for regulating cryptocurrencies. After this, the BTC rate increased by 10%.