As I’ve defined beforehand, I don’t think Donald Trump actually gives a damn about Bitcoin; at finest, he’s a shitcoiner who wants in on the scam. Having mentioned that, it’s truthful to say that Trump adopted a pro-crypto stance throughout his marketing campaign. And certainly, his promise at Bitcoin 2024 to fireplace Gary Gensler on “day one” of his presidency appears to have already resulted within the SEC chairman asserting his resignation.
An optimistic situation (as for instance suggested by Trey Walsh) is one through which the Democrats now (additionally) undertake Bitcoin as a part of their celebration platform. However given what number of different seemingly impartial subjects get unnecessarily politicized (the COVID vaccines are maybe the perfect latest instance of this), I wouldn’t be stunned to see the other occur.
Because the upcoming Trump administration is gearing as much as set up a regulatory panorama facilitating full-on anything-goes multicoinery, and with Gary Gensler gone, we may nicely see probably the most atrocious rip-off cash proliferate and soar— earlier than they inevitably implode. And as individuals over the subsequent 4 years get rug pulled, dumped on, and in any other case defrauded, I may additionally simply think about a political response from the opposite aspect of the aisle that fails to acknowledge the excellence between Bitcoin and the World Liberty Financials of the world altogether. They might flip towards all of cryptocurrency much more than they have already got— Bitcoin not excluded.
In fact, that is all hypothesis; I’ve no crystal ball right here. However in a couple of years from now, bitcoiners would possibly discover themselves in between polarized positions from each main American political events. Nocoiners to the left of me, shitcoiners to the best, right here I’m, caught within the center with you.
This text is a Take. Opinions expressed are fully the creator’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.