Galaxy Research Director: Trump Election Win 'Better For Alts Than BTC'
CryptoNewsTerminal Staff15 Sep, 2024
Galaxy Research Director: Trump Election Win 'Better For Alts Than BTC'
Alex Thorn, Research Director at cryptocurrency trading and asset management firm Galaxy, recently shared his thoughts on the upcoming U.S. presidential election in November. He believes that if former President Donald Trump wins, it will be more beneficial for altcoins than Bitcoin (BTC). Thorn stated, "I think if Trump wins, it will be better for alts than BTC." He added that if Trump were to loosen crypto regulations, it would have a greater impact on altcoins than on Bitcoin. Thorn's comments come at a time when the crypto market has been in a downtrend. Ethereum (ETH) recently hit a three-and-a-half-year low against Bitcoin, and Thorn wonders what will reverse this trend.
