Don’t miss the bull run that could make Bitcoin great again
Donald Trump has seen the light when it comes to cryptocurrency. Love him or hate him, that’s a good thing for the industry.
Look, I’m far from being political. I do not fully support former President Donald Trump’s policies or his entire vision for the United States. However, as a strong advocate for crypto, I must acknowledge the upside to Trump potentially winning the election in November. For now, there is a solid chance that will happen — which is hardly surprising, considering he almost became a martyr in Pennsylvania.
At the risk of belaboring this point, the Biden administration hasn’t exactly been crypto’s greatest ally. It’s quite rare to see a piece of tech demonized as much as it has been under the Democratic Party’s tenure. Banks are scared, regulators are on the warpath, and adoption has stalled. But here’s the thing: Trump’s election could change all of that relatively quickly.
I’m not going to argue that Trump has always been pro-crypto. A quick Google search will display from January 2019 when, during his first term in the Oval Office, he was quite explicit in not being a “fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.” Ouch.
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Author: Adam Bialy
