Bitwise Investment Director: Investors are now starting to build positions for crypto assets in the next few years

Bitcoin climbed to a new all-time high as Trump was confirmed to win the election. Matthew Hougan, investment director at Bitwise Asset Management, believes that the entire cryptocurrency industry has been tied up for many years, but it should now come to an end. Investors have now started taking positions in crypto assets for the next few years. All virtual currency ETFs listed in Hong Kong performed well yesterday. Boshi Bitcoin, which holds Bitcoin spot prices, rose 7% to close at 57.04 yuan, a new listing high. China Ethereum, which holds Ethereum spot prices, rose 6.9% to close at 6.28 yuan. Cryptocurrency ETFs traded in RMB rose more significantly. China Bitcoin rose 8.1% to RMB 8.41; China Ethereum rose 7.3% to RMB 5.79.