According to Odaily Planet Daily, 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.
“Looking at Bitcoin alone, we think a Kamala Harris presidency would likely be better for Bitcoin than a Trump presidency because it would accelerate many of the structural issues that drove Bitcoin adoption in the first place,” VanEck wrote.
However, according to a new analysis from VanEck, the entire crypto industry would benefit if Trump were to become president again. “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,” VanEck wrote.
