VanEck: Harris serving as U.S. President could be more beneficial for Bitcoin

Matthew Sigel, Director of Digital Asset Research at VanEck, and Nathan Frankovitz, Digital Asset Investment Analyst, stated in a report that the results of the November election could be a mixed blessing for cryptocurrencies. VanEck wrote: "However, speaking only about Bitcoin, we believe Kamala Harris as president might be better for Bitcoin than Trump because it would accelerate many structural issues that initially drove Bitcoin adoption. If this happens, Bitcoin's unique regulatory clarity may make it more competitive than other digital assets." However, according to VanEck's latest analysis if Trump is re-elected as President again then the entire crypto industry will reap rewards. VanEck wrote: "We think Trump being president is generally beneficial to the whole crypto ecosystem because it could lead to more relaxed regulations and business-friendly policies - perhaps especially so for crypto entrepreneurs who have been under increasing scrutiny from regulators over the past four years."