Quote from: Abiky on Today at 02:15:22 AM

Quote from: legiteum on May 16, 2024, 05:28:28 PM

What are you talking about? Bitcoin went up 500% under president Biden.

Was it because of Biden, or because of the FED's policies and the SEC's approval of spot ETFs? These last two don't have anything to do with President Biden (if I'm not wrong).

Both the chairman of the Fed and the chairman of the SEC were appointed by... President Biden.

Gary Gensler's SEC approved the ETF. He is not anti-Bitcoin. He recently pointed the very true fact that most holders of Bitcoin do so through a financial institution. His interest in making Bitcoin safe to trade for consumers which will ultimately raise the price of Bitcoin because it will reduce the risk of holding it.

Elizabeth Warren proposed taxes on the power taken up by mining. That is a politician looking for a way to raise taxes (from rich people no less), not somebody who is out to get Bitcoin.

Bitcoin went up 500% under president Biden.

Only a fool would vote to radically change the situation under which that happened. Bitcoin holders are going to cut through the politics and go with the safe bet, which is staying the course.