Forget the Trump Bump - Bitcoin Would Be Fine Under Democrats, Says VanEck
Bitcoin Magazine
Forget the Trump Bump — Bitcoin Would Be Fine Under Democrats, Says VanEck
President Donald Trump may be the most crypto-friendly leader the U.S. has had so far — but what would happen to Bitcoin if the Democrats were to get back in power?
Well, it wouldn’t necessarily be bad, according to asset manager VanEck’s Head of Digital Assets Research, Matthew Sigel.
Speaking on CNBC Wednesday, the analyst also said that contrary to what many believe, ex-President Joe Biden wasn’t anti-Bitcoin.
Republicans have repeatedly blasted Democrats as anti-crypto. Regulators under ex-president Joe Biden cracked down on digital asset companies, filing various lawsuits.
“Biden was actually okay for Bitcoin,” Sigel said. “It’s the rest of cryptos that might have a problem [if Democrats get back in power].”
He added: “With the ascendant socialist wing of the Democrat Party, I can tell you here in New York City that there are plenty who are reminded of why there is value in a decentralized, scarce asset that can’t be printed and spent on nonsense.”
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