As I’ve defined beforehand, I don’t assume Donald Trump really provides a rattling about Bitcoin; at finest, he’s a shitcoiner who desires in on the rip-off. Having mentioned that, it’s honest to say that Trump adopted a pro-crypto stance throughout his marketing campaign. And certainly, his promise at Bitcoin 2024 to fireside 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 urged by Trey Walsh) is one by which the Democrats now (additionally) undertake Bitcoin as a part of their social gathering platform. However given what number of different seemingly impartial subjects get unnecessarily politicized (the COVID vaccines are maybe the most effective current instance of this), I wouldn’t be stunned to see the alternative 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 effectively see essentially the most atrocious rip-off cash proliferate and soar— earlier than they inevitably implode. And as individuals over the following 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 facet of the aisle that fails to acknowledge the excellence between Bitcoin and the World Liberty Financials of the world altogether. They might flip in opposition to all of cryptocurrency much more than they have already got— Bitcoin not excluded.
After all, that is all hypothesis; I’ve no crystal ball right here. However in just a few years from now, bitcoiners may 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 solely the writer’s and don’t essentially mirror these of BTC Inc or Bitcoin Journal.
