VanEck: Bitcoin is in the early stages of a bull run, Trump’s election victory will be good for cryptocurrencies
Matthew Sigel, director of digital asset research at VanEck, said the outcome of the Biden-Trump election could have a significant impact on the cryptocurrency industry. Sigel said a Biden defeat would be good for digital assets and their wider adoption.
Bitcoin is currently in the early stages of a bull run, driven by renewed interest in spot Bitcoin ETFs in the U.S. market. Sigel said that VanEck has long recognized the disruptive potential of Bitcoin and pursued a Bitcoin ETF, but the SEC blocked this effort. Although some financial institutions are not considering adding Bitcoin to their regular investment products, Sigel expects that as more companies reconsider Bitcoin, financial advisors' views on the digital asset may change.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Discover How ZKsync Fast-Tracks Blockchain Security
In Brief ZKsync Lite will be retired by 2026, having achieved its goals. ZKsync team plans a structured transition, ensuring asset security. Future focus shifts to ZK Stack and Prividium for broader application.
Bittensor Follows Bitcoin Path With TAO Halving
Mining Sector Falls 1.8 % Despite Bitcoin Rally
Stablecoin Startup Crown Secures $13.5M from Paradigm in a Game-Changing Move
Trending news
MoreCrypto prices
More
