Bernstein analysts reportedly think crypto assets could rally if former president Donald Trump wins the 2024 election.<\/p>\n
Gautam Chhugani and Mahika Sapra, two analysts at the Wall Street brokerage giant say in a new report that a Trump Administration could potentially bolster institutional adoption of digital assets with friendly regulations, according to Bloomberg<\/a>.<\/p>\n \u201cThe Republican side sees crypto not just as a vote bank but also a meaningful source of funding. If the election sentiment shifts more Republican, crypto would end up as the primary \u2018Trump trade\u2019 and hopes of a favorable regulatory regime would change the \u2018use-case\u2019 narrative around blockchains.\u201d<\/em><\/p>\n In a bid to raise campaign funds and differentiate himself from President Joe Biden, Donald Trump has staked out a position<\/a> as a crypto-friendly candidate this year, though he previously described digit assets as \u201ca disaster waiting to happen.\u201d<\/p>\n But not all analysts are convinced Trump\u2019s recent crypto about-face is legit: In a recent report, the multinational investment bank TD Cowen reportedly encourages people to take anything US politicians say about crypto with a grain of salt.<\/p>\n \u201cWe would urge caution on reacting to either candidate on crypto. Words may matter, but ultimately we believe it would be a mistake to assume either candidate will deliver.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Bernstein analysts reportedly think crypto assets could rally if former president Donald Trump wins the 2024 election. Gautam Chhugani and Mahika Sapra, two analysts at the Wall Street brokerage giant say in a new report that a Trump Administration could potentially bolster institutional adoption of digital assets with friendly regulations, according to Bloomberg. \u201cThe Republican […]<\/p>\n","protected":false},"author":2,"featured_media":331706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-331703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=331703"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331703\/revisions"}],"predecessor-version":[{"id":331708,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331703\/revisions\/331708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/331706"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=331703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=331703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=331703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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