1. VanEck's View on Bitcoin Under Harris Presidency
2. Ongoing Crypto Support Under Trump
3. Increased Institutional Interest in Bitcoin

VanEck has forecasted that both Kamala Harris and Donald Trump may create favorable conditions for Bitcoin, aiding its growth and adoption.

VanEck's View on Bitcoin Under Harris Presidency

VanEck believes that a Kamala Harris presidency may expedite Bitcoin adoption due to quicker resolution of structural hurdles and more defined laws, giving Bitcoin a competitive advantage over other digital currencies. Despite concerns over stricter regulations from Gary Gensler or Elizabeth Warren, VanEck posits that the economic policies of a Harris administration could still be beneficial for Bitcoin.

Ongoing Crypto Support Under Trump

A Donald Trump presidency may enhance the crypto sector by prioritizing deregulation and pro-business initiatives, easing regulatory constraints on crypto enterprises. Crypto stakeholders typically endorse Trump due to his favorable stance on cryptocurrency. Matthew Sigel, Head of Digital Assets Research at VanEck, asserts that either candidate will likely maintain fiscal policies that lead to increased quantitative easing, which has historically favored Bitcoin.

Increased Institutional Interest in Bitcoin

VanEck has noted a substantial increase in institutional interest in Bitcoin, with trading volumes surging by 173% and US dollar-denominated Bitcoin transfers escalating by 202%. Countries such as Kenya, Ethiopia, and Argentina have commenced Bitcoin mining, enhancing both sovereign and institutional engagement in the digital asset.

VanEck's forecasts suggest that both Kamala Harris and Donald Trump will create favorable conditions for Bitcoin's growth and adoption, regardless of election outcomes.