BTC May Hit New High Due to Positive Election Catalyst

IconCryptoNewsTerminal Staff08 Jul, 2024

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BTC May Hit New High Due to Positive Election Catalyst

A new all-time high is predicted for Bitcoin if Donald Trump is re-elected as president of the United States, according to VanEck digital asset research head, Matthew Sigel. As the US election nears, Sigel expects a shift in US monetary policy and a more crypto-friendly regulatory environment should Trump win, leading Bitcoin to smash its all-time high. Additionally, countries like Kenya, Ethiopia, and Argentina are planning to mine Bitcoin using government-owned energy, further driving adoption. With this increased adoption and a potential shift in the regulatory landscape, the future of Bitcoin looks bright.