Why Ethereum Classic Is Seeing Blue Skies

Ethereum Classic (CRYPTO: ETC) is trading higher by 4.1% to $23.41 during Monday’s session, and is up 30% over the past week, following a new all-time high for Bitcoin. Shares of several altcoins have experienced a strong uptick following Donald Trump's election victory as the 47th U.S. president, signaling a possible pro-crypto shift in U.S. policy.

What To Know: A recent analysis from Bernstein, advising investors to "buy everything you can" in the crypto market, underscores the growing confidence around digital assets, especially as Trump's administration, along with a Republican-controlled Senate, is expected to push pro-business and potentially crypto-friendly policies.

Ethereum Classic, known for its decentralized governance and historical focus on immutability, stands to benefit uniquely in this environment. Trump's proposed tax cuts and regulatory rollbacks are likely to encourage investments in blockchain projects, with Ethereum Classic appealing to investors seeking both growth potential and a decentralized structure.

Read Also: Solar, Renewables Stocks Crash After Trump Win: Should You Buy Now At Cheap Valuations?

Bernstein’s bullish report also highlights a favorable regulatory landscape, suggesting that the Trump administration's stance could alleviate previous regulatory concerns, attracting fresh capital into the crypto market.

With inflation risks potentially on the horizon due to Trump's proposed tariffs, Ethereum Classic becomes particularly attractive as a hedge against traditional currency volatility. As ETC's supply is capped, it offers inflation-resistant properties that could appeal to institutional and retail investors alike.

Bernstein’s prediction of a pro-crypto surge in adoption adds further fuel, suggesting Ethereum Classic could capture a share of investor interest as regulatory headwinds fade and mainstream adoption accelerates.

Read Also: Trump’s Historic Return: 7 Ways His Second Term Could Impact The US Economy

Read more...