Many Bitcoin users are hoping that cryptocurrency-friendly Donald Trump will win the US presidential election in November. The former president drew myself After all, as a candidate who likes Bitcoin.
But what if Democratic nominee Kamala Harris is a better choice overall? orange coin? That’s the idea VanEck analysts laid out in a report this week.
Their reasoning is that a Harris presidency would continue the current economic policies that weaken the US dollar and promote Bitcoin adoption.
The two analysts argued in July that major global economies could turn to Bitcoin as a result of fiat currency’s “endemic flaws.” In their view, the Democrats in the White House are unlikely to solve the current fiscal problems.
“We argue that a Kamala Harris presidency could be better for Bitcoin than a second Trump term, in our view, because it would accelerate many of the structural problems that initially discouraged Bitcoin adoption,” Matthew Sigel and Patrick Bush wrote in a report released Thursday. claimed.
They added that “as inflation and currency devaluations continue to challenge the fiat currency system, Bitcoin could serve as an important hedge.”
Both said Trump would have a positive impact not only on Bitcoin itself but also on the digital asset ecosystem as a whole.
“Conversely, we believe that a Trump presidency would be bullish for the entire crypto ecosystem overall, as it would likely result in more deregulation and more business-friendly policies, particularly as regulators have been increasingly scrutinizing crypto entrepreneurs over the past four years,” the report said.
Former President Donald Trump I used to call The cryptocurrency space was once considered a “scam” but has since been embraced. NFT(Intangible Asset), BitcoinAnd even Released He is soon to launch a decentralized finance (DeFi) project called World Liberty Financial.
On Wednesday, the Republican candidate Use Bitcoin Buying a burger at PubKey bar in New York City. He said after using the technology, “It’s the beginning of a new era.”
Vice President Harris, on the other hand, has made little mention of the cryptocurrency industry. Industry heavyweights such as billionaire entrepreneurs Mark Cuban—While her campaign has hinted that it is taking a greater interest in cryptocurrencies, the Democratic candidate has yet to reveal her views or plans.
Edited by Andrew Hayward
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