|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Harris or Trump: Which U.S. Presidential Candidate Is Best for Bitcoin?
Sep 21, 2024 at 08:00 pm
As the 2024 U.S. presidential election approaches, the cryptocurrency sector is closely monitoring how each candidate might impact Bitcoin and the wider digital asset market.
As the 2024 U.S. presidential election approaches, candidates’ stances on cryptocurrency are being closely scrutinized by the industry. While former President Donald Trump has openly embraced the “crypto president” title, Democratic candidate and current Vice President Kamala Harris has been less vocal on the matter.
However, analysts at investment firm VanEck believe that a Harris presidency could be more favorable for Bitcoin than a second Trump term.
In a recent report, VanEck’s Head of Digital Asset Research Matthew Sigel and Digital Asset Investment Analyst Nathan Frankovitz analyzed the potential impact of each candidate on the crypto sector. They noted that both Harris and Trump would likely drive up demand for Bitcoin due to their administrations’ focus on maintaining or increasing fiscal spending, which could lead to further quantitative easing and accelerated Bitcoin adoption.
According to VanEck, a Harris presidency might involve keeping SEC Chair Gary Gensler in his role and aligning with progressive figures like Senator Elizabeth Warren, potentially resulting in a stricter regulatory environment. While this could hamper institutional adoption of digital assets overall, it might paradoxically strengthen Bitcoin’s position, given its already clear regulatory frameworks compared to other cryptocurrencies.
“When it comes to Bitcoin alone, we argue that a Kamala Harris presidency could be better for Bitcoin than even a second term for Trump, as it may accelerate the structural issues that drive Bitcoin adoption,” the VanEck report states.
On the other hand, VanEck acknowledges that Trump’s pro-business approach could benefit the broader crypto ecosystem. His administration would likely support deregulation, fostering a more crypto-friendly environment for entrepreneurs, especially those who have faced increasing regulatory scrutiny in recent years.
For the latest updates on how the U.S. election could impact Bitcoin and other digital assets, stay tuned to Deythere.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Rexas Finance (RXS): The New Millionaire-Maker Bet in the Blockchain Industry
- Sep 21, 2024 at 10:51 pm
- Even though Dogecoin and Shiba Inu have risen very well on meme coin status, the outlook on their road to making millionaires by 2025 is quite dim.
-
- Sangmin Seo: China's Crypto Clampdown Led to the Decentralization of Asia's Crypto Infrastructure
- Sep 21, 2024 at 10:51 pm
- Sangmin Seo, chairman of the Kaia DLT Foundation, asserts that China's crackdown on the crypto industry, which led to its loss of dominance in bitcoin
-
- Dormant Bitcoin Wallets Spring Back to Life, Stirring Speculation and Market Interest
- Sep 21, 2024 at 10:51 pm
- The activation of Satoshi-era Bitcoin wallets after years of inactivity has generated considerable interest, both for its historical significance and its potential impact on market sentiment.
-
- BNB Nears ATH, Rollblock Promises 200% ROI This Month, Shiba Inu News Makes Depressing Reading
- Sep 21, 2024 at 10:30 pm
- In the latest crypto news, BNB is inching closer to its ATH, and Rollblock’s online casino is set to hit 200% ROI this month. Shiba Inu’s news is not
-
- Arthur Hayes Sells $4.4 Million Worth of PENDLE After Bullish Post
- Sep 21, 2024 at 10:25 pm
- On September 11, Hayes made a bullish post on PENDLE, predicting a $10 target when integrated with Bitcoin (BTC) DeFi.
-
- Billy Markus Trolls Bitcoin Bulls After the Market Reacts Bearishly to Powell’s Announcement
- Sep 21, 2024 at 10:25 pm
- Billy Markus, known on the X social media network as Shibetoshi Nakamoto, who created the iconic meme cryptocurrency Dogecoin in cooperation with
-
- CYBRO Presale Exceeds $2 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity
- Sep 21, 2024 at 10:25 pm
- CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $2 million. This next-generation DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.
-
- Shiba Inu, Dogecoin, and Dogen Surge: What’s Behind the Renewed Hype for These Memecoins?
- Sep 21, 2024 at 10:25 pm
- Memecoins are capturing the spotlight once again as Shiba Inu, Dogecoin, and Dogen experience significant gains. This surge in popularity raises questions
-
- Bitgert (BRISE) Makes the Rounds as a Crypto Asset to Watch Out for a Huge Price Movement
- Sep 21, 2024 at 10:25 pm
- Crypto is always buzzing with new projects, but while old players like BNB and Cardano keep solidifying their position as industry favorites, new players like Bitgert are actively growing as worthy competitors.