VanEck: Harris as US President could be more favorable for Bitcoin

According to ChainCatcher, VanEck digital asset research director Matthew Sigel and digital asset investment analyst Nathan Frankovitz said in a report that the results of the November election may be mixed for cryptocurrencies.
“For Bitcoin alone, however, we think a Kamala Harris presidency would likely be better for Bitcoin than a Trump presidency because, in our view, it would accelerate many of the structural issues that initially drove Bitcoin adoption,” VanEck wrote. “If that happens, Bitcoin’s unique regulatory clarity could make it more competitive than other digital assets.”
However, according to a new analysis from VanEck, the entire crypto industry would benefit if Trump were to be president again. VanEck wrote: “We believe a Trump presidency would be generally positive for the entire crypto ecosystem, as it would likely result in more deregulation and business-friendly policies — perhaps especially for crypto entrepreneurs, who have been subject to increased scrutiny from regulators over the past four years.”