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Potential Growth for Altcoins If Trump Returns to White House
According to PANews, industry experts suggest that altcoins may experience greater growth than Bitcoin if Donald Trump returns to the White House. Altcoins, which are cryptocurrencies with a smaller market capitalization than Bitcoin, could benefit from a regulatory environment that is more favorable to digital assets.
Samir Kerbage, Chief Investment Officer at Hashdex, believes that altcoins stand to gain more from such a regulatory landscape. Meanwhile, Katherine Kirkpatrick Bos, General Counsel at StarkWare, notes that while Bitcoin has regulatory certainty, altcoins do not. This uncertainty has deterred some institutional investors from investing in altcoins. However, if the classification of cryptocurrencies other than Bitcoin becomes clearer, investors might feel more confident in allocating funds to these digital currencies, potentially driving up their prices.
Samir Kerbage, Chief Investment Officer at Hashdex, believes that altcoins stand to gain more from such a regulatory landscape. Meanwhile, Katherine Kirkpatrick Bos, General Counsel at StarkWare, notes that while Bitcoin has regulatory certainty, altcoins do not. This uncertainty has deterred some institutional investors from investing in altcoins. However, if the classification of cryptocurrencies other than Bitcoin becomes clearer, investors might feel more confident in allocating funds to these digital currencies, potentially driving up their prices.
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