VanEck: Harris' Presidency Could Be More Favorable to Bitcoin
According to Golden Finance, Matthew Sigel, Director of Digital Asset Research at VanEck, and Nathan Frankovitz, a Digital Asset Investment Analyst, stated in a report that the outcome of the November election could have mixed results for cryptocurrencies.
VanEck wrote, "However, from a purely Bitcoin perspective, we believe that a Kamala Harris presidency may be more favorable to Bitcoin than a Trump re-election, as in our view, this would accelerate many of the structural issues that drive Bitcoin adoption, and if this occurs, Bitcoin’s unique regulatory transparency may make it more competitive than other digital assets."
However, according to VanEck's latest analysis, if Trump secures a second term, the entire crypto industry will benefit. The analysts said, "We believe that a Trump presidency is generally positive for the overall crypto ecosystem as it may lead to further deregulation and business-friendly policies — perhaps especially for crypto entrepreneurs, who have been subject to increasing scrutiny from regulators over the past four years."