▌VanEck: Harris's presidency could be more favorable for Bitcoin

Matthew Sigel, head of digital asset research at VanEck, and Nathan Frankovitz, digital asset investment analyst, said in a report that the results of the November election could be mixed for cryptocurrencies. VanEck wrote: "From a Bitcoin perspective alone, however, we believe that Kamala Harris's presidency could be more favorable for Bitcoin than Trump's reelection, because in our view, this would accelerate many of the structural issues that drive Bitcoin adoption, and if this happens, Bitcoin's unique regulatory transparency could make it more competitive than other digital assets." However, according to VanEck's latest analysis, the entire crypto industry would be rewarded if Trump were to serve as president for a second time. "We believe that Trump's presidency would be generally beneficial 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 increasingly scrutinized by regulators over the past four years," the analysts said. $BTC