Bitcoin’s future looks bright following the recent presidential election, as experts suggest the crypto market may benefit from alleviated regulatory pressures.
Roundtable anchor, Rob Nelson, led a discussion with John Divine, Digital Asset OTC Trading at BlockFills, and Sam Price, Host of Crypto Lifer, about how the election results and changing regulatory landscape might impact the broader crypto ecosystem.
"Bitcoin was going to rise regardless of the election outcome, but the rest of the market’s potential hinges on the political climate," said Nelson. He added that Gary Gensler’s reduced influence at the SEC might create new opportunities for the crypto space, especially beyond major tokens like Ethereum and Solana.
Divine highlighted the critical implications of regulatory changes for financial institutions. "Now, we might see banks cleared to custody bitcoin and even view it as collateral for clients," he said. He emphasized that altcoins and decentralized projects now have a chance to prove their real-world utility, which could have been stifled under previous conditions.
The conversation also touched on how to evaluate opportunities in the altcoin market. "Instead of looking at dollar value, investors should analyze the Ether-bitcoin or Solana-bitcoin spreads," Divine explained. He noted that this approach reflects a shift in how the market will function post-regulatory winter, offering fresh opportunities for investors.
Nelson raised a critical point about the challenges of assessing emerging protocols, noting that many fail to deliver on their promises. However, he sees potential in areas connected to artificial intelligence, digital identity, and tokenized real-world assets. "For most investors, the sheer number of possibilities can be overwhelming, but having a framework helps," he said.
Price shared a strategic approach for navigating the market. "Look at categories on CoinMarketCap and identify high-potential low-cap projects," he advised, emphasizing the importance of balancing investments between safer and riskier plays. "The market has room to grow, and there are still opportunities for 10X, 50X, or even 100X returns," he added.