Donald Trump · Joe Biden · Bitcoin · Democrats · Republicans · New York · Bitcoin Magazine
Forget the Trump Bump, Bitcoin Would Be Fine Under Democrats, Confirms VanEck
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VanEck's Matthew Sigel has said that Bitcoin doesn't need a Republican president to do well.
Key facts
- Bitcoin has jumped nearly 24% over the past seven days, touching as high as $81,160 this week before dropping again to its current price of $78,438
- Well, it wouldn’t necessarily be bad, according to asset manager VanEck’s Head of Digital Assets Research, Matthew Sigel
- The price of Bitcoin surged off the back of Trump’s 2024 victory and notched a new record last year
- Sigel’s comments echo those of Coinbase’s Chief Policy Officer, Faryar Shirzad, who said in July that crypto was “maybe the most bipartisan issue in Washington
Summary
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. “Biden was okay for Bitcoin,” Sigel said.