VanEck executive: Bitcoin has potential to break its ATH due to U.S. election

In a letter to investors, Matthew Sigel, head of digital asset research at asset manager VanEck, outlined that the recent decline in cryptocurrencies such as Bitcoin is the result of massive selling by malicious governments. The Daily Hodl reported that Sigel believes that the opportunity exists for Bitcoin to break past its all-time-high (ATH) price, with the U.S. election acting as a catalyst. He wrote: “in emerging and frontier markets, Bitcoin adoption continues with three additional countries (Kenya, Ethiopia and Argentina) all announcing this year they are mining Bitcoin with government-owned energy.”