Post
Topic
Board Altcoin Discussion
Re: How will crypto behave during a Biden presidency?
by
Sterbens
on 14/11/2020, 18:18:57 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
I have heard that his financial team will be lead by some pro crypto people also due to a lot of strong voices in the US congress to encourage and promote crypto I think good times for crypto are coming soon in US.
good news if this is true, then the potential for crypto's popularity will be even higher. I think the financial holders who will be led by Biden will really give new energy. not only specific to bitcoin, but also other cryptocurrencies. do not forget to be a good start for trading US dollars and gold which is managed by professionals who put the interests of the country and its people.