Alex Svanevik, CEO of blockchain analytics platform Nansen, spoke at Token2049 about his outlook on the 2024 US presidential election results and their potential impact on the future of cryptocurrency both domestically and internationally.

"I think if Trump wins, it's obviously very good for crypto in the US, as he's been the most supportive candidate. On the other hand, the Democrats and Harris basically represent a relatively unfavorable environment for crypto."

Svanevik predicts that a Harris presidency would likely continue policies from the current administration, which some see as detrimental to cryptocurrency development and innovation. However, a Harris presidency could have positive repercussions for overseas operations, as it might negatively impact US-based crypto companies.