Could Kamala Harris be better for Bitcoin than Trump?

Many people think that Donald Trump is the “crypto candidate” because he has shown support for Bitcoin recently.

However, some VanEck analysts believe that Kamala Harris, the Democratic candidate, could benefit Bitcoin even more if she becomes president.

Why could Harris be better for Bitcoin?

VanEck analysts suggest that a Harris presidency could keep the US dollar weak due to current economic policies, which could lead to more people opting for Bitcoin.

As inflation continues to rise and traditional money loses value, Bitcoin could serve as a hedge against these problems.

They argue that Harris would indirectly boost Bitcoin adoption by allowing current financial problems to persist, making Bitcoin more attractive as an alternative to traditional money.

Trump’s impact on crypto

However, Trump could be better for the entire crypto ecosystem. Analysts believe that he would likely introduce policies that support cryptocurrency companies and promote innovation.

Trump has also embraced Bitcoin, using it for payments and launching his own DeFi project, World Liberty Financial.

What I think 💡

While Trump is seen as more crypto-friendly in general, Harris' economic policies could make Bitcoin more valuable in the long run by highlighting the flaws of the traditional financial system. Both candidates have the potential to influence the future of crypto, but in different ways.

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