But if Gensler is still in the SEC and he keeps suing all these tokens which he calls unregistered securities then we will get issues with many non-bitcoin type of coins. Honestly who knows, one day he might say that Ethereum is a security even though we got the ETH ETFs launched already.
And remind me why people on Bitcointalk should care about dogeatcoin, memeoverkillcoin, pepelepepe coin?
One serious reason why any altcoin that gets pumped out of the you know what of their developer team should not be considered security when it fits every single detail of it, we complain all day long that the crypto world is full of rug pulls but god forbid we put some mechanism in places so shitshows that ended affecting even Bitcoin like the luna fiasco won't be possible anymore!
4) The US are only 4% of the world population.
India has 12% but if we had the same news about crypto coming from the US we would be now cheering for $1000.
Population doesn't matter, even GDP is not a true indicator, 10000 people might have enough money for a bowl of rice day while one guy making that much could afford to DCA $1000 a day, disposable income or total wealth should be more meaningful, and that's where the US has a 30% share of the world.
These "projections" that Bitcoin will fall to 30.000 or so if Harris wins are, in my opinion, completely baseless and overestimating the US influence on Bitcoin.
The influence is there, Bitcoin being banned in the US would mean backward 10 years, not counting the ripple effects.
But the thing is that is just fearmongering from the orange guy to get votes, unless you vote for me, it's the end of your cryto savings, nothing more.