I know Donald trump becoming the president of US will really make good impact to the bitcoin market. Do you think such like mixers, exchanges , and others related to bitcoin will also benefit in terms of regulation?
Historically, Trump's administration that ended in 2021, was seriously scrutinised mixes and also the cryptocurrency business environment was not favoured as many regulations to limits the growth of bitcoin in usa was put in places! Fortunately, for bitcoin we can predict a favourable environment now as so many things has changed and the same Trump is now pro bitcoin. I expect three things to happen:
1. Bitcoin is going to experience favourable environment through deregulation.
2. It is going to experience positive market sentiment as he is not going to make negatives Comments against it the way he was doing during his past administration.
3. Services like mixers is going to be seriously facing challenges of scrutiny and many centralised exchanges are going to spring up.
With Trump's election victory, will Bitcoin ride the wave of success to reach $75,000? The current price is $73,300.
... the day Bitcoin needs that to rise is the day we can announce Bitcoin's death.
Bitcoin ETF has opened bitcoin to larger funded organisations that now determine survival of btc outside cryptocurrency enthusiasts. Many factors now affect its survival and we now needs a government's favourable cryptocurrency environment for it to achieve the purpose it was created.