- VanEck analysts believe BTC could benefit more from a ‘hostile’ Harris administration.
- Polymarket showed Harris maintained a 3-point lead on Trump.
According to VanEck analysts, regardless of who wins the 2024 US elections, Bitcoin [BTC] will sail through unscathed.
However, analyst Mathew Sigel stated that BTC could benefit more from a Kamala Harris administration than under Trump.
“I do think it is possible that an unfriendly Democrat White House could inadvertently help BTC.”
VanEck analysts further divulged the above outlook in the latest September BTC review.
“We would argue that a Kamala Harris presidency might be even better for Bitcoin than a second term for Trump because it would, in our view, accelerate many of the structural issues that drive Bitcoin adoption in the first place.”
Biden-Harris admin vs BTC
Trump has been a strong proponent of BTC, and his potential win will be deemed a bullish cue for regulatory easing for the sector.
However, the analysts highlighted that the hostile Harris administration could reinforce BTC’s market dominance.
“Should that happen, Bitcoin’s unique regulatory clarity will likely make it even more competitive than other digital assets.”
The structural problems raised were linked to rising US debts and fiscal deficits. The analysts noted that these issues will persist regardless of whether Trump or Harris wins the election.
Analysts Mathew Sigel and Nathan Frankovitz highlighted that this would weaken the US dollar, a ripe environment that has historically boosted BTC.
Nevertheless, market pundits have cautioned that the infamous Operation ChokePoint 2.0 (OCP) will likely be extended, with a Harris administration becoming more likely. OCP refers to perceived US agencies’ restriction of crypto firms from accessing the US banking system.
That said, a recent update indicated that Silvergate, a crypto-focused bank, was solvent and able to meet its financial obligations but was allegedly forced to shut down under the Fed’s pressure.
Source: X
In August, the Fed put another crypto-friendly bank, Customers Bank, on notice. Tyler Winklevoss, co-founder of Gemini, said the continued restriction would kill the crypto industry in the US.
Amid the massive de-banking among US crypto firms, VanEck analysts believe BTC’s regulatory clarity would boost it. At press time, Harris (51%) had a 3-point lead against Trump (48%) on odds of winning US elections on the prediction site Polymarket.
In the meantime, BTC was valued at $63.1K at press time and was on the verge of reclaiming the 200-day Moving Average (MA).
According to Coinbase analysts, the asset could attract more traders’ interest and traction if it surged above the 200-day MA to reinforce a long-term bullish trend.
Source: BTC/USD, TradingView
- VanEck analysts believe BTC could benefit more from a ‘hostile’ Harris administration.
- Polymarket showed Harris maintained a 3-point lead on Trump.
According to VanEck analysts, regardless of who wins the 2024 US elections, Bitcoin [BTC] will sail through unscathed.
However, analyst Mathew Sigel stated that BTC could benefit more from a Kamala Harris administration than under Trump.
“I do think it is possible that an unfriendly Democrat White House could inadvertently help BTC.”
VanEck analysts further divulged the above outlook in the latest September BTC review.
“We would argue that a Kamala Harris presidency might be even better for Bitcoin than a second term for Trump because it would, in our view, accelerate many of the structural issues that drive Bitcoin adoption in the first place.”
Biden-Harris admin vs BTC
Trump has been a strong proponent of BTC, and his potential win will be deemed a bullish cue for regulatory easing for the sector.
However, the analysts highlighted that the hostile Harris administration could reinforce BTC’s market dominance.
“Should that happen, Bitcoin’s unique regulatory clarity will likely make it even more competitive than other digital assets.”
The structural problems raised were linked to rising US debts and fiscal deficits. The analysts noted that these issues will persist regardless of whether Trump or Harris wins the election.
Analysts Mathew Sigel and Nathan Frankovitz highlighted that this would weaken the US dollar, a ripe environment that has historically boosted BTC.
Nevertheless, market pundits have cautioned that the infamous Operation ChokePoint 2.0 (OCP) will likely be extended, with a Harris administration becoming more likely. OCP refers to perceived US agencies’ restriction of crypto firms from accessing the US banking system.
That said, a recent update indicated that Silvergate, a crypto-focused bank, was solvent and able to meet its financial obligations but was allegedly forced to shut down under the Fed’s pressure.
Source: X
In August, the Fed put another crypto-friendly bank, Customers Bank, on notice. Tyler Winklevoss, co-founder of Gemini, said the continued restriction would kill the crypto industry in the US.
Amid the massive de-banking among US crypto firms, VanEck analysts believe BTC’s regulatory clarity would boost it. At press time, Harris (51%) had a 3-point lead against Trump (48%) on odds of winning US elections on the prediction site Polymarket.
In the meantime, BTC was valued at $63.1K at press time and was on the verge of reclaiming the 200-day Moving Average (MA).
According to Coinbase analysts, the asset could attract more traders’ interest and traction if it surged above the 200-day MA to reinforce a long-term bullish trend.
Source: BTC/USD, TradingView
cost of cheap clomiphene prices generic clomiphene without prescription where to get clomiphene tablets how to get generic clomiphene tablets where to buy clomid without dr prescription get generic clomid without a prescription good rx clomid
I am actually delighted to glitter at this blog posts which consists of tons of of use facts, thanks object of providing such data.
This is a topic which is forthcoming to my callousness… Many thanks! Exactly where can I notice the acquaintance details for questions?
buy azithromycin generic – purchase tindamax pill metronidazole generic
rybelsus 14mg pills – rybelsus 14mg cost order cyproheptadine 4 mg
buy motilium 10mg pill – flexeril 15mg oral cyclobenzaprine without prescription
buy propranolol online – buy inderal without a prescription buy methotrexate without prescription
buy amoxil pills – buy generic amoxil ipratropium drug
zithromax for sale online – nebivolol 20mg tablet order bystolic 5mg generic
buy amoxiclav online – atbioinfo ampicillin over the counter
purchase nexium generic – https://anexamate.com/ buy nexium 20mg generic
buy prednisone 5mg pill – https://apreplson.com/ buy deltasone 20mg
buy erectile dysfunction meds – fastedtotake.com buy ed pills uk
buy amoxicillin generic – https://combamoxi.com/ buy amoxicillin without a prescription
order fluconazole without prescription – https://gpdifluca.com/# cost fluconazole 100mg
cost lexapro 20mg – https://escitapro.com/# order lexapro 20mg generic
buy cenforce generic – buy cenforce 100mg generic cenforce 50mg us
cialis tadalafil 20mg tablets – п»їwhat can i take to enhance cialis when should you take cialis
buy cialis without a prescription – this what is the normal dose of cialis
generic zantac – https://aranitidine.com/# ranitidine 150mg canada
cheap quick viagra – 100mg viagra pill cheap viagra 50 mg
Facts blog you have here.. It’s intricate to espy strong quality script like yours these days. I truly respect individuals like you! Take mindfulness!! purchase nolvadex pills
This is the stripe of glad I get high on reading. https://buyfastonl.com/azithromycin.html
More posts like this would make the online time more useful. https://prohnrg.com/product/priligy-dapoxetine-pills/
I’ll certainly carry back to be familiar with more. https://aranitidine.com/fr/sibelium/
Greetings! Jolly useful advice within this article! It’s the crumb changes which will make the largest changes. Thanks a portion in the direction of sharing! https://ondactone.com/product/domperidone/