What Will Happen to Bitcoin If Kamala Harris Wins US Elections? Analytics Firm Reveals Unconventional Theory

As the 2024 US presidential election approaches, crypto para The industry is closely monitoring the potential impact of each candidate. While Donald Trump has positioned himself as the “crypto president,” Democratic Vice President Kamala Harris has been less vocal on the subject.

But VanEck analysts say Harris’ presidency Bitcoin He believes it could be even better for him than a second Trump term.

In a recent report, VanEck’s Head of Digital Assets Research Matthew Sigel and Digital Asset Investment Analyst Nathan Frankovitz provided a detailed assessment of the potential impact of both candidates on the cryptocurrency industry. “Both Harris and Trump are bullish on Bitcoin,” they wrote, but each could impact the broader digital asset market differently. They suggest that both administrations are likely to maintain or accelerate fiscal spending, potentially leading to more quantitative easing, which could increase Bitcoin adoption.

VanEck argues, however, that Harris could keep SEC Chairman Gary Gensler in office and align with progressive figures like Senator Elizabeth Warren to create a stricter regulatory environment. This could reduce institutional adoption of digital assets, but paradoxically strengthen Bitcoin’s position, as it has clearer regulatory frameworks compared to other cryptocurrencies.

“When it comes to Bitcoin alone, we argue that a Kamala Harris presidency could be even better for Bitcoin than a Trump second term, because it would accelerate many of the structural problems that are driving Bitcoin adoption,” VanEck wrote.

VanEck, on the other hand, acknowledged that Trump’s pro-business stance could benefit the broader crypto ecosystem. His administration would likely support deregulation, creating a more crypto-friendly environment for entrepreneurs, especially those who have faced increased scrutiny from regulators in recent years.

*This is not investment advice.