Quote from: avikz on Today at 05:54:58 AM

Quote from: platinumsteel2016 on Today at 02:22:35 AM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

I have also heard about a Trump backed coin. But I don't think it has been launched yet. If it is launched, then Trump will surely try to promote his coin because he is a businessman at heart. I didn't hear anything about Elon's involvement in this so far but don't get shocked if you eventually come to know that Elon is also a stakeholder in this.

But honestly, I don't think Bitcoin is in trouble at all. otherwise you wouldn't have seen such a bull run. I think Trump has made multiple promises during his election promotion and if he starts delivering onto them, Bitcoin will be in a better position and also the crypto companies will be able to continue their businesses without fear of regulatory actions.

BTC, in fact, will be fine, as it always was, in any case - I would only worry a bit about bigger entities having more and more interest in it, however, I think it's inevitable that as time goes on, will be a new reality we will be in.