Quote from: bbc.reporter on Today at 03:16:54 AM

Biden will end up very worse and very aggressive against the cryptospace. This might make us wish it was still Trump and his men in charge hehehe.

In any case, this article talks about how Trump’s presidency and his appointees might have created a lenient regime for the cryptospace. I would argue that we might not have witnessed bitcoin’s new all time highs if it was Hilary who won on 2016.

The Trump administration was largely friendly toward the industry (with a few notable exceptions), and ushered in a wave of regulations and products that were welcomed by the crypto community. The Trump administration stopped short of actually setting a policy direction, however. Almost all of the crypto-friendly actions were conducted by the regulators he nominated to various posts, and no significant legislation on the crypto space was passed or signed into law.

Source https://www.coindesk.com/trump-presidency-crypto-legacy

I would agree. Trump was more or less indifferent to cryptocurrency, but he was not hostile. First of all, we need to understand the fact that mainstream politicians are likely to be hostile towards Bitcoin, due to the competition it poses for the national currencies. And this is especially true for politicians from the left and socialist spectrums, who need to print banknotes like crazy to remain in power. On top of that, Trump was a businessman and he knew about the need to tone down unwanted regulations.

Biden on the other hand has policies similar to that of the Chinese Communist Party. In China, individual users have very few options to invest in. Almost all the assets are over-priced by a factor of 3 to 4, including equities and real estate. The government has imposed restrictions on the purchase of bullion and cryptocurrency, because they believe that if people are given a choice to invest in these assets, then they may no longer invest in other overpriced assets. The super-rich has the option of immigrating, but for the remaining 99.99% of the population there are no other options.