Trump's Executive Order May Catalyze Crypto Market Shift

According to PANews, Bitwise Chief Investment Officer Matt Hougan recently analyzed that a new executive order from U.S. President Donald Trump could be a pivotal catalyst in breaking the four-year cycle of the cryptocurrency market. The executive order prioritizes the development of the digital asset ecosystem as a national priority, calling for a clear regulatory framework for cryptocurrencies and the establishment of a 'National Crypto Reserve.' This move aims to facilitate the entry of major Wall Street banks and investors into the crypto space. Hougan noted that the four-year cycle in the crypto market is typically driven by technological breakthroughs or market events, including bull markets, leverage accumulation, market overheating, and subsequent corrections. However, Trump's executive order could have a profound impact by encouraging banks to custody crypto assets, integrating stablecoins into the payment system, and enabling large-scale institutional investment in crypto assets. He anticipates that these changes could attract trillions of dollars in new capital to the market. While Hougan acknowledges the potential for short-term market fluctuations, he expects future corrections to be shorter and less severe than in the past. He suggests that as the crypto market matures and the investor base becomes more diverse, the anticipated 'crypto winter' of 2026 may not be as harsh as previously expected. Currently, he believes the market remains in a bullish phase, with the crypto industry entering a new era of mainstream adoption.