U.S. Securities and Exchange Commission logo and representations of cryptocurrency are seen in this illustration taken June 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo Purchase Licensing Rights
Investment firm Piper Sandler has given a bold prediction on the future of cryptocurrency in America. According to Piper Sandler, Donald Trump’s possible return to the White House could lead to significant mainstream adoption of digital assets. This statement, released on November 13, has sparked interest among crypto investors. Piper Sandler’s analysts believe that Trump’s influence on the economy and tech policies would create a fertile ground for crypto, potentially accelerating its growth and appeal across mainstream sectors.
The firm suggests that Trump’s business-first approach could reduce regulatory obstacles currently facing cryptocurrencies. During his previous administration, Trump held back from placing severe regulations on tech, and some analysts say he may take the same approach toward crypto. Piper Sandler’s team sees this as a positive signal for the industry, believing it could bring more financial freedom and innovation to the sector. They argue that, with more companies able to adopt cryptocurrency without excessive restrictions, the likelihood of everyday use could rise quickly.
Piper Sandler is recommending specific stocks as potential winners in this anticipated wave of mainstream crypto adoption. The firm lists companies like Coinbase and PayPal, as well as Square, which recently rebranded itself as Block Inc. These companies are already involved in crypto transactions, making them prime candidates for increased gains if crypto usage grows among American consumers. Piper Sandler highlights that these companies have built strong networks, making them well-positioned to handle a potential increase in crypto users.
The firm’s analysts say that large financial companies such as Mastercard and Visa could also see major gains from Trump’s potential influence on crypto. They argue that these companies, already involved in crypto partnerships, could expand their operations if more users turn to digital currencies for daily transactions. As a result, the firms could become key players in moving crypto into the financial mainstream, bridging the gap between traditional finance and digital assets.
Piper Sandler’s report acknowledges that Trump’s return is not guaranteed, but they believe even the possibility is enough to encourage investors. According to the report, any movement toward mainstream acceptance of crypto could transform the financial industry. The analysts emphasize that the market might react quickly to policy changes or government signals regarding digital currency, which could result in a sharp increase in stock prices for crypto-related firms.
Investors are watching closely as the U.S. election season draws nearer. Piper Sandler’s prediction has created a sense of urgency among investors who want to get ahead of potential growth. For those interested in crypto and related stocks, this insight from Piper Sandler may represent an early signal to invest, especially in the companies they’ve highlighted as key players.
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