However, there is a silver lining for Bitcoin enthusiasts. #btcupdates2024
VanEck suggested that a Harris presidency might, paradoxically, be more beneficial for Bitcoin than a Trump administration.
The firm argued that the structural issues potentially exacerbated under Harris, such as increased fiscal spending and regulatory tightening, could drive more investors to Bitcoin as a hedge against economic uncertainty and inflation.
This could enhance Bitcoinâs appeal and competitiveness over other digital assets.
On the other hand, VanEckâs analysis suggested that the crypto industry as a whole could benefit more from a second Trump term.
A Trump presidency would likely bring more deregulation and business-friendly policies, which could particularly favor crypto entrepreneurs.
Under such an administration, the firm believes the crypto ecosystem would experience less regulatory scrutiny, providing a more conducive environment for growth and innovation.
