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Will U.S. Midterms Impact Crypto? Grayscale Says Election Outcome Matters Only ‘At The Margins’

Will U.S. Midterms Impact Crypto? Grayscale Says Election Outcome Matters Only ‘At The Margins’

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Bitcoin and the broader cryptocurrency industry could continue expanding regardless of which party controls Congress after Tuesday’s midterm elections.

Grayscale Sees Limited Midterm Election Risk

In an Oct. 28 report, Grayscale noted that prediction markets favor Democrats taking control of both the House and Senate, potentially ending Republican majorities in Congress.

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A political shift is unlikely to materially disrupt cryptocurrency’s long-term growth. Grayscale highlighted three factors supporting its outlook:

Pew Research and The Harris Poll…

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