'Crypto may become the new Trump trade'

As the Republican Party's prospects improve and its leader increasingly embraces a pro-crypto stance, cryptocurrency may become the main "Trump Trade" during the current election cycle, according to Bernstein analysts Gautam Chhugani and Mahika Sapra in a report released on Monday. The Republican Party views a positive position on the crypto industry as a means to attract voters and secure campaign funding from super PACs that support pro-crypto politicians. The analysts suggest that a Trump victory in the upcoming election would result in a cryptocurrency rally.