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
Bitcoin ‘bear market’ confirmed: Watch these BTC price levels next
Bitcoin price rebound stops at $103K with 30% of BTC supply 'underwater'
Ethereum erases its 2025 gains: Is ETH price headed to $2.2K next?
Is dropping below $100,000 just the beginning? Bitcoin "whales" have dumped $4.5 billions in one month, and the sell-off may continue until next spring
This wave of sell-offs may continue until next spring, and bitcoin could further drop to 85,000 dollars.
Trending news
MoreCrypto prices
More
