VanEck analysts believe that a Kamala Harris presidency would be more bullish for Bitcoin than a second term for Trump.
They argue that a Harris win would accelerate the structural issues driving Bitcoin adoption and make it more competitive compared to other digital assets.
They also state that a Trump presidency would be generally bullish for the entire crypto ecosystem due to expected deregulation and business-friendly policies.
Regardless of the election outcome, analysts predict that growing fiscal deficits and rising national debt will weaken the U.S. dollar and create a macroeconomic environment in which Bitcoin can thrive.