Director of Digital Asset Research at VanEck: Biden vs. Trump election results could have significant impact on cryptocurrency industry

Matthew Sigel, head of digital asset research at VanEck, said that the election results of Biden and Trump may have a significant impact on the cryptocurrency industry. If Biden fails, it will benefit digital assets and their wider adoption. If there is a change in the presidency, we will see more support for the industry. VanEck has long recognized the disruptive potential of Bitcoin, but the SEC has hindered these efforts. Although some financial institutions have not considered adding Bitcoin to their regular investment products, financial advisors' views on digital assets may change as more companies reconsider Bitcoin.