VanEck Executive: Confidence in Bitcoin Rally Ahead of US Elections

IconCryptoNewsTerminal Staff21 Aug, 2024

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VanEck Executive: Confidence in Bitcoin Rally Ahead of US Elections

VanEck, a leading investment management firm, has expressed optimism in the future of Bitcoin (BTC). According to the Director of Digital Asset Research at VanEck, Matthew Sigel, the company is accumulating BTC. Sigel believes that the recent price fluctuations caused by events such as the German government's Bitcoin sale and Mt. Gox's repayment have subsided. He anticipates a consolidation period of one to three months following the Bitcoin halving event, paving the way for a rally leading up to the US elections. VanEck's bullish stance is based on the belief that Bitcoin will recover and continue its upward trajectory. This sentiment is echoed by many industry experts who remain positive about the long-term potential of digital assets.

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