Donald Trump's victory in the upcoming US presidential election in November 2024 “will be good for Bitcoin.” This was stated by Standard Chartered Bank analyst Jeffrey Kendrick, writes Decrypt.
The expert believes that the Trump administration will not be as strict on Bitcoin as the Biden administration. According to him, if the politician wins, then “foreign official buyers of US Treasuries may switch to alternative financial assets such as Bitcoin.”
In addition, Kendrick recalled the words of Trump, who in March said that if elected president, his administration would not put pressure on the crypto-asset sector with sanctions and new rules.
Earlier, the head of digital assets research at VanEck, Matthew Siegel, said that the possible victory of politician Donald Trump in the upcoming US presidential elections will have a positive impact on the development of the crypto industry.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
