For Bitcoin Fans, It's Clear: Under Trump, the Crypto Market Will Continue to Thrive
Former U.S. President Donald Trump has spoken about cryptocurrencies several times. Recently, he, along with his sons, revealed plans for a new project called "World Liberty Financial." This platform aims to give users voting rights through token ownership, and also allows the exchange of coins between users. To prevent volatile price fluctuations, Trump intends to introduce a stablecoin pegged to the value of the U.S. dollar. Trump believes this project will mark the beginning of a financial revolution.
Many U.S. Bitcoin enthusiasts support Trump's vision and believe that he could win the presidency again in November. They hope that a Trump victory will revolutionize the crypto market and free it from U.S. regulatory burdens. As early as July, Trump made it clear that he is courting the crypto and Bitcoin investor base, even calling himself the "crypto president." But is he truly the better choice for the crypto market?
VanEck Analysts See Potential in Kamala Harris
VanEck analysts Matthew Sigel and Patrick Bush present a different perspective. They suggest that Kamala Harris could actually be the better candidate for the future of the U.S. crypto market. Unlike Trump, Harris rarely speaks about cryptocurrencies. So why do they believe she could advance the market? Sigel and Bush argue that the weakened U.S. dollar under Democratic policies could provide an opportunity for the crypto market to flourish. If, as Trump claims, the crypto market collapses under Harris, more investors might turn to crypto as a hedge against inflation and currency devaluation.
Uncertain Future for the Crypto Market
Opinions are divided. It’s unclear who would better support the crypto market—Trump or Harris. Interestingly, a few years ago, Trump was highly skeptical of cryptocurrencies, calling them a scam. Has his recent pro-crypto stance truly evolved, or is it just a campaign strategy? Similarly, there’s uncertainty around Harris—does crypto even matter to her? Only time will tell how the presidential election will impact the crypto market. But according to some theories, both outcomes could potentially bring positive changes to the market.
