As I mentioned earlier, Don’t think Donald Trump really gives a damn about Bitcoin; the best, He is a shitcoiner who wants to join the scam. Having said that, it is fair to say that Trump adopted a proCrypto The SEC chairman has already announced his resignation as a result of his campaign stance and, in fact, his promise to fire Gary Gensler “on day one” of his presidency in Bitcoin 2024.
An optimistic scenario (eg suggested by Trey Walsh) is one in which Democrats now (also) embrace Bitcoin as part of their party platform. But given how many other seemingly neutral topics are unnecessarily politicized (Covid vaccines are perhaps the best recent example), I wouldn’t be surprised to see the opposite happen.
As the incoming Trump administration prepares to establish a regulatory landscape that facilitates the multicoinery of absolutely anything, and with Gary Gensler gone, we may see the most egregious scam coins grow and flourish. Yes – before they inevitably spread. And as people get ripped off, dumped, and more scammed over the next four years, I can easily imagine a political backlash from the other side of the aisle between Bitcoin and the world’s world of Liberty Financial. fails to recognize the difference. All in all. They can be against all cryptocurrency even more than they already have — Bitcoin not excluded.
Of course, this is all speculation; I don’t have a crystal ball here. But a few years from now, bitcoiners may find themselves in polarized positions from both major US political parties. Nocoiners to my left, shitcoiners to the right, here I am, stuck in the middle with you.
This article is a take. The views expressed are solely those of the author and do not necessarily reflect the views of BTC Inc or Bitcoin Magazine.
