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
I've seen this: https://twitter.com/ericinjective/status/1325198558929121280This 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
The problem i think here who is the president is not going to affect this market, i think we all have to agree that after a gloomy 2020 year with epidemics, we need to a lot of change things: economics, technology,.... And here i see crypto as one of the key factors to help change that, agree that everyone will have their own way of economic development, but i think what is the general trend cannot be changed.
USA is an influential country in the world, so it's normal if every policy made by the president can affect the market. You can see that the first time Trump was inaugurated things changed. and I thought it would be the same as before. the problem is what policy will Biden take for the current crypto problem. Privacy and fraud in the crypto world have become an important concern in the USA in recent years. I'm afraid that Biden will make bad policies for the crypto industry in the future. like prohibiting all colors from using or trading crypto.