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Time To Think Bigger: SEC’s ‘Project Crypto’ Has Not Been Priced In, Says Bitwise CIO
The Securities and Exchange Commission (SEC) has recently launched its initiative to transform the US financial markets into a crypto-friendly environment. The move is expected to bring significant changes to the industry, with many experts weighing in on the potential impact it may have on the market.
In his memo to clients, Bitwise CIO Matt Hougan emphasized that the recent SEC Chair’s speech outlining the “Project Crypto” initiative has not been priced in. This means that investors and traders may miss out on significant opportunities if they fail to adjust their portfolios accordingly.
Hougan explained that the chair’s vision for US financial markets is an ambitious plan to reshape traditional financial institutions, enabling them to operate seamlessly with blockchain-based systems. According to Hougan, this could lead to a tremendous surge in the industry.
He highlighted that it seems like the SEC Chair took all the best ideas crypto supporters have been advocating for over the past decade and bundled them into a single speech, along with details on how the commission can actually make these opportunities a reality.
In the memo, Hougan expressed his sentiment that there is no question of whether or not to invest in the space, but rather when.
Source: bitcoinist.com
