Bitwise Investment Director: Investors have now started building positions in crypto assets for the next few years

Due to Trump's confirmed election victory, Bitcoin has reached a historic high. Matthew Hougan, Investment Director of Bitwise Asset Management, believes that the entire coin circle has been restrained for many years, but it should now come to an end. Investors have already begun building positions in crypto assets for the next few years.

All virtual currency ETFs listed in Hong Kong performed well yesterday. The Bosera Bitcoin which holds Bitcoin spot rose 7%, closing at 57.04 yuan and setting a new market high. Huaxia Ethereum which holds Ethereum spot rose by 6.9%, closing at 6.28 yuan. Virtual currency ETFs traded in RMB showed even more significant increases; Huaxia Bitcoin rose by 8.1% to report at 8.41 yuan; Huaxia Ethereum increased by 7.3% to report at 5.79 yuan.