Currently, the US government has a positive attitude toward cryptocurrencies. None of us can know whether this support for the cryptocurrency sector will continue when the Democrats return to power. Think about what could happen to your Bitcoin investments if Democrats who are negative towards cryptocurrencies come to power. What if they are able to rule the country for several terms and will do everything possible to counteract the development of the cryptocurrency sector? This is just one example of when your investments could be frozen for several years. Therefore, it is important to remember that investing in cryptocurrencies carries very high risks.
We cannot deny the possibility of US government turning its back on Bitcoin but I am sure that Bitcoin can still continue and recover after this setback. We have seen how resilient Bitcoin market is, it had crashed and dumped so many time but still able to recover and break its ATH when its due. I do not think that the US is the only thing that keeps the Bitcoin market going.
The risk exists but it will continue to shrink as time passes. The real power lies not with the government but with money and networks of the super rich companies and institutions. As more get involved with Bitcoin, these interests will not allow subsequent governments to turn its back on Bitcoin even if they wanted to.