As I explained earlier, I don’t think Donald Trump really cares about Bitcoin; At best, he is an evil currency trader who wants to participate in the scam. Having said that, it is fair to say that Trump has adopted a pro-encryption His position during his election campaign. In fact, his Bitcoin 2024 promise to fire Gary Gensler on “day one” of his presidency appears to have already led to the SEC chief announcing his resignation.
An optimistic scenario (as suggested by Trey Walsh for example) is one in which Democrats now (also) embrace Bitcoin as part of their party platform. But given how many other seemingly neutral topics have been unnecessarily politicized (Covid vaccines being perhaps the best recent example of this), I wouldn’t be surprised to see the opposite happen.
As the incoming Trump administration prepares to create a regulatory landscape that makes it easier to fully operate multi-currency, and with the departure of Gary Gensler, we could see the most egregious fraudulent currencies proliferating and rising – before inevitably collapsing. And as people over the next four years get the rug pulled, dumped, and otherwise defrauded, I can also easily imagine a political reaction from the other side of the aisle that fails to recognize the difference between Bitcoin and the World Liberty Financials of the world. completely. They could turn against all cryptocurrencies more than they already have, and Bitcoin is not left out.
Of course, this is all speculation. I don’t have a crystal ball here. But in a few years from now, Bitcoin users may find themselves between the polarized positions of both major American political parties. Coins are on my left, coins are on my right, here I am stuck in the middle with you.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.