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Crypto’s Biggest Winners, Losers in a Second Trump Presidency Crypto’s Biggest Winners, Losers in a Second Trump Presidency

Crypto’s Biggest Winners, Losers in a Second Trump Presidency

Bitcoin miners and crypto companies that have been stonewalled in efforts to go public in the US may ultimately be the biggest winners in the digital-asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share may end up being the biggest losers.

That’s the view taking hold among market participants and observers in the wake the former president’s growing embrace of crypto while the odds of his election rise. While a poll released Thursday by CBS News showed Trump with a majority — 52% — of likely voters in a probable rematch with President Joe Biden, it is unclear who will be on the ballot in November. On Sunday, Biden said he will not seek reelection and endorsed Vice President Kamala Harris to become the Democratic nominee.

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David Pan

https://www.bloomberg.com/news/articles/2024-07-21/-almost-everyone-in-crypto-s-a-winner-in-a-second-trump-administration

2024-07-21 07:00:00

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