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
Some people think trump was better because his kind of strange remarks about sensitive things kept the volatility in the market especially usd pairs of the forex market but for crypto he was not that good because he was not eager to encourage crypto friendly regulation rather he kept talking against crypto. I am hopeful Joe Biden will do well as far as crypto is concerned.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