Forget the Trump Bump — Bitcoin Would Be Fine Under Democrats, Says VanEck

Asset manager VanEck's Head of Digital Assets Research, Matthew Sigel, stated during a CNBC interview that Bitcoin does not require a Republican administration to perform well, arguing the digital asset would thrive under Democratic leadership as well. Sigel pointed out that the previous Biden administration was acceptable for Bitcoin itself, noting that broader regulatory scrutiny primarily impacted other cryptocurrencies rather than the flagship asset. He emphasized that fiscal expansion and monetary concerns continue to reinforce Bitcoin's appeal as a scarce, decentralized store of value. The commentary comes as Bitcoin recently experienced a 24% seven-day rally, reaching an intraday high of $81,160 before settling around $78,438. The price surge followed political momentum around crypto legislation, including President Donald Trump's push to advance the crypto Clarity Act, though congressional voting on the regulatory framework was delayed to September following pushback. Industry figures, including Coinbase's Chief Policy Officer Faryar Shirzad, echoed that crypto adoption is increasingly becoming a generational rather than strictly partisan issue, indicating long-term structural institutional support.