On the 11th, Matt Hougan, Chief Investment Officer (CIO) of U.S. cryptocurrency management firm Bitwise, released a weekly memo titled 'Elections Aren't What Matter for Crypto, Demographics Are.' He argues that although the Democrats' control of both houses following the midterm elections may cause short-term market instability, it will not significantly impact cryptocurrency in the long run. Instead, price drops could present buying opportunities.
There are two main reasons for this. The bipartisan support for cryptocurrency...