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
Is the Crypto Market in for Another Bitcoin Price Correction?
Elon Musk’s D.O.G.E could crash the US stock market
Share link:In this post: Elon Musk’s new plan, D.O.G.E, wants to cut $500 billion in government spending and is already making big companies nervous. Defense giants like Lockheed and Boeing, plus pharma companies like Pfizer, might lose billions if DOGE cuts contracts. Dogecoin exploded 150% after the D.O.G.E announcement, proving anything Elon touches sends crypto traders into a frenzy.
Top 3 Solana-Based Altcoins to Surge 15,000% Before Year-End — Get In Before the Bull Run Takes Off in Full Power!
JasmyCoin’s Breakout Hints at Massive Gains: Analysts Predict Bullish Run
Trending news
MoreCrypto prices
More
