Bitwise CIO says the surge of gold prices above $5,000 and the uncertainty surrounding the "Clarity Act" create a stark contrast for the future trajectory of the cryptocurrency market.

Bitjie.com reports: Bitwise Chief Investment Officer Matt Hougan believes that the surge in gold prices and the uncertainty surrounding U.S. cryptocurrency regulation are key market drivers. He predicts that gold prices will rise by 65% in 2025 and by 16% in 2026, with current trading prices already exceeding $5,000 per ounce. Hougan attributes this to a decline in trust in the traditional financial system. He points out that the probability of the Clarity Act passing has dropped from about 80% to around 50%. Hougan states that if the bill is passed, it could trigger a strong rally; if it fails, the market may enter a multi-year phase during which price trends will depend on the actual adoption of assets such as bitcoin and stablecoins.