Cryptocurrencies
Crypto May Become the New ‘Trump Trade,’ Bernstein Analysts Say
- Crypto may come up during Thursday’s presidential debate
- Biden could signal softer stance on crypto, Cowen says
This article is for subscribers only.
Crypto may emerge as the primary “Trump Trade” during the current election cycle with Republican prospects improving and the party’s standard bearer increasingly embracing a pro-crypto viewpoint, according to Bernstein analysts.
Republicans see a favorable stance on the crypto industry as a way to both win over voters and get campaign funding from super PACs who back pro-crypto politicians, Gautam Chhugani and Mahika Sapra wrote in a report Monday.