Key facts
- Bitcoin's performance is not tied to having a Republican president, according to VanEck's Matthew Sigel.
- Sigel believes Bitcoin would perform adequately under a Democratic administration.
VanEck's head of digital asset research, Matthew Sigel, has asserted that Bitcoin's success is not contingent on the political party of the U.S. president. He indicated that the cryptocurrency would likely perform well regardless of whether a Republican or Democrat occupies the White House, countering the notion of a "Trump Bump" benefiting Bitcoin.