Post
Topic
Board Altcoin Discussion
Re: How will crypto behave during a Biden presidency?
by
jcarlo
on 11/11/2020, 05:20:48 UTC
After Biden has been declared the winner of the US presidency, there's a lot of uncertainty regarding to crypto's (and the mainstream economy) behavior during the next 4 years. At times, it's been shown that crypto prices move either up or down depending on certain events in the mainstream world. Some people say that in a Democratic administration, the stock market (and crypto too) will experience a constant uptrend in price. Others say the contrary when Republicans are in power. Since 2020 has been filled with uncertainty, anything could happen in the following months.

This makes me wonder how will a Biden presidency impact crypto? Will crypto continue to soar towards new heights? Do you think that a Democratic administration will be much more friendly towards the crypto/Blockchain industry in general?

Your input will be greatly appreciated. Thanks Smiley

The Biden administration I think will be different from Trump but will still print new money to restore its economy due to the pandemic. The Fed some time ago announced that it would expand inflation and this would affect the money supply so I think crypto will be an attractive investment.