Quote from: Fivestar4everMVP on Today at 07:15:45 AM

Quote from: platinumsteel2016 on November 14, 2024, 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?

Let's just say that Bitcoin in itself is still as decentralized as it has always been, but like every other currencies and assets in the world, Bitcoin's value is also subject to the happenings in and around the world, politics and economy are two of the major events that influences currencies and assets of which bitcoin is one of the world's asset, which means it's not left out.

Trump made some promises on how he and his government will ensure and contribute to the acceptance and adoption of bitcoin and cryptocurrencies in general in the US, and US being the world power and a country other countries look up to, Trump winning the election have sparked a new type of hope in the continues growth of bitcoin, this is why so many people are buying bitcoin believing in it even the more.

Indeed, if a person searches for charts, US elections were always a lever that sometimes sparked the bull running. That time it was no exception.
The question would be if Trump would deliver on what he said in the end.