FX.co ★ Harris presidency could be better for BTC than Trump’s, experts say

The current US presidential race is full of surprises, and cryptocurrency is one of the top issues being discussed by both candidates and voters. Speculation is running wild about how various election outcomes could affect digital assets. Republican candidate Donald Trump has already dubbed himself the "crypto president," pledging to do everything possible to boost the crypto industry if elected. However, delivering on such promises is a tall order. US Vice President Kamala Harris, a Democratic nominee, has yet to reveal her stance on cryptocurrency.

Thus, in a surprising twist, two experts, Matthew Sigel, head of digital asset research at VanEck, and Nathan Frankovitz, a virtual currency investment analyst, stated that a Kamala Harris presidency could actually be more beneficial for Bitcoin than a second Trump term. "It would, in our view, accelerate many of the structural issues that drive Bitcoin adoption in the first place. Should that happen, Bitcoin's unique regulatory clarity will likely make it even more competitive than other digital assets," the specialists noted.

At the same time, VanEck does not discount the positives of a potential Trump presidency either. "A Trump presidency is generally bullish for the entire crypto ecosystem," the analysts emphasized.

However, VanEck also cautions that the trend of rising budget deficits and national debt is likely to persist regardless of who wins. This would create a "macroeconomic environment in which Bitcoin has historically thrived," the experts concluded.

Earlier, Anthony Scaramucci, founder of SkyBridge Capital and former press secretary under Trump’s first administration, revealed that a group of crypto advocates, he is working alongside, is lending support to Kamala Harris.