Bitcoin Forum

How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency.

Globally, i share with you this opinion. OP maybe want to discuss about crypto adoption in USA in specific with a new president (only two precedent presidents had to deal with crypto).
American policy toward every thing despite who is the president and what he really wants. The president himself express the policy vision of a whole party behind it. Today, the situation of crypto market in the USA is much better than the majority of countries considering how much authority forbid the use of crypto.

Trump administration made it clear to be anti crypto and don't want anything to do with it in their system. It's Us, their views are still the same. Biden doesn't own America either, doesn't rule it alone, he didn't put him self in the office but people did and the same people has been agitating for non cryptocurrency system but their bias traditional finance system.
All he can do, in my opinion is to relax the rules or cut some harsh regulations but believe me, they wouldn't want to legalise cryptocurrency as financial instrument and store of value.

That is a major advantage that makes bitcoin the coin for investors who like being independent. Being decentralized makes it not to be anybody's business, currency or point of regulation. Obama, Trump, Biden and who next? won't have control over it but they can make hate speech like Warren buffet  ;D

While Bitcoin is a decentralized currency, it is still used by people

Therefore, its prosperity totally depends on the people who are involved with it (read, it is both Biden and Trump in the given context). You simply can't get around this simple fact of life. As it stands, Bitcoin's success is not written in stone at all, and if people lose interest in it (for whatever reason), its days are numbered as is the case with pretty much anything out there. Why people might choose to abandon it is a different question, but it is entirely possible

Is there a final result with the US election because it looks like there’s a chaos on-going. Anyway, Bitcoin continues to grow and that is not because of Trump but simply because many are slowly adopting bitcoin and if there’s a new administration, same thing will happen not unless the new president will make a statement about fully supporting Bitcoin then expect the price to grow more.

biden wins the presidency but trump doesn't want to concede, but no law to concede. trump may vacate the white house quietly next year.
 anyway, whoever is the current president, will not make a significant impact unless as you said they will give a direct support to bitcoin or crypto. and i dont think they will give such direct standpoint when it comes to cryptocurrency.
on the other note, bitcoin is continuously enjoying the market price increase as we are more than 15k level now. guess adoption is really growing these days. and some people are now openly saying they have btc stash like druckenmiller, a billionaire hedge fund investor. certainly, he's not the only one out there, i bet there are more of them still silent with their crypto stash

https://www.coindesk.com/druckenmiller-invests-bitcoin

Trump or Biden may not be very relevent as far as crypto goes. US Presidents traditionally appoint those with backgrounds in banking to key posts determining financial and economic policy. Some called Trump a sellout in 2016, after he appointed bankers to treasury secretary posts, the same as Obama did. Trump has often proclaimed his intent to drain the swamp. While following some protocols which are endemic to the swamp. In 2008 there were questions raised about then treasury secretary Henry Paulson having received a $40+ million dollar bonus as former acting CEO of goldman sachs. Some questioned whether there could be a conflict of interest present with past bank CEOs who received large bonuses, serving in key government positions of US economic and financial policy. All of this has seemingly become culturally normalized. No one seems to question it any longer.

Suffice it to say that there were no large deviations or discrepansies which contrasted financial and economic policy in comparing Trump's administration to Obama's. Not much contrast aside from Trump era tax cuts and a few other policies. Obama made an attempt to legislate significant financial reform on banks early in his 1st term. Which resulted in democrat candidates running for office having their campaign funding cut. This dearth in funding allowed republicans to retake the senate or house. Or both. I don't remember 100%. That historical precedent could prevent any elected US President from making a real effort to pass financial reform, the way Obama tried.

At any point in life we still need people in our space. The axiom "A tree doesn't make a forest" lays credence to this fact. The above people you mentioned can still speed up or delay the progress of Bitcoin despite it being a decentralized crypto. It's the same way its progress has been delayed so far because Trump bashed it. Imagine if Trump supported it, don't you think a lot of people (billionaires inclusive) would've keyed in and bought? A community crypto needs people to grow and Bitcoin is one. However, I don't think Biden will want to promote Bitcoin. He would rather play safe except he is beaten into it by the crowd because he seems someone who will want to dance to the tune of the crowd. Biden looks more like a puppet to me than a real deal.

We coule only get an irrelevant answers to the question because as we expected the new administration is prioritizing on the pandemic problem and not the cryptocurrency. Maybe we can hear good news after some time or when this pandemic will going to end. Hopefully soon because I think most of us missed the old normal and not this new normal which is not very pleasing and all are following protocola as mandate by the health organization to avoid the spread of the virus.

You can't rule out policies from business, as there is an interwoven relationship between the two.

Wether decentralized or centralized, change in political landscape can change the ordinances of things.

Especially, when it is the politics of the most powerful country in the world.

Actually, I think the USA govt thinks of crypto as a threat to their economy. Becasue if crypto became the first payment system then they will lose their kingship over the world economy. As we all know trump was a anti-crypto minded but I think Biden will be more tolerated than Trump for crypto space. But It doesn't matter. Crypto is a decentralized space and it will prosper in anyway.

But was Trump a real deal?

And even if he was, how much did it help crypto? Next to none, I guess. In fact, people like Trump are more easily manipulated by their circle ("court") than people like Biden who only looks like he is a puppet. Remember the age-old adage that the greatest trick the Devil ever pulled was convincing the world he didn't exist? It's applicable here (also the one about the barking dog). And I would say, Biden may turn more pro-Bitcoin if he wisely chooses not to touch this topic and announce his stance at all (unlike Trump)

I never said he was a real deal. If anything, I said 👇


If I were you, I wouldn't count on those old men to do anything meaningful for Bitcoin or the crypto industry. This is a terrain these old men know next to nothing about. Bitcoin is a tech for the upward moving generation, not some traditionally business minded individuals.

This is one of the most interesting and critical opinions on this thread.

You see, whatever that involves people is affected by politics and policies.

People tends to believe what the government supports, and the opposite is the case for what the government doesn't believe.

The rate of bitcoin growth will be 1000% if 🇺🇸 government endorsed it.... 🤔

Unfortunately most of the time it will be these older individuals creating and enforcing the way we treat crypto as a nation.  If that's the case then full fledged integration might take a generation, so when people who grew up with crypto are making the rules it is something that won't scare them.  A lot of things takes a generation or 2 to get mainstream...like computers. 

If governments ever endorsed it, I'd be kinda suspicious about their endorsement. Bitcoin is not something they want, so endorsing your enemy is against my logical way of thinking. I feel like we take these elections too much into account when speculating Bitcoin's price. Biden's support is obviously necessary if we want Bitcoin to grow under his governance, but it's not required. Bitcoin goes on its own path.

There are reasons such as something better than it popping up. If nobody thought of the idea of Bitcoin before (or thought about it but never put it into reality), we may not have any idea what other decentralized currency could be coming up soon. Maybe something that will be more fair than Bitcoin, more decentralized, more flexible and scalable, under a different structure than blockchain and much easier to use.

The decentralized nature of cryptocurrencies wouldn't get affected by any president in any country in terms of legalization for IMO.  When we say legal it automatically subjects the thing into government's law and that will make it tied up to any government institution as cryptocurrency will become under the central bank, and because of this we just need to wait and see who among these current presidents around the globe will make Bitcoin as legal and know the jurisdiction they will be implementing on it.

Regardless of whose ever will be taking the presidential post, the only thing they can do is to implement some rules and not legalizing it because the ideology of Bitcoin is a decentralized currency and couldn't be subject to the jurisdiction of any central bank.

Biden stopped calling on the Fed to print money, and that caused the entire market to fall in the short term. That could affect the growth of the entire crypto market. The Crypto market is too small compared to the rest of the world so we shouldn't worry too much. Compared to the potential of blockchain technology and their applications, I find we should be optimistic about the crypto market no matter who becomes the next president in the 2016-2020 term.

Yes I believe so too, they just don't open up to Bitcoin.  Until now, Biden's attitude also does not support crypto explicitly, but that's not a problem because bitcoin is legal in that country.  Currently, even many companies are hedging with Bitcoin, because currently fiat money is not a promising thing.  So Biden or not, Bitcoin has its own place to grow, it is not a seasonal asset, it has been proven for years.

No need waiting for it because it may not come or won't be in this generation, we can't be waiting and not to invest the little we can now instead we to wait till it because higher from endorsement from government. Many still making money in this generation from bitcoin. The level of increase of the price in the recent move can tell you the bull time is for profit taking.

Biden victory 'will trigger stampede into bitcoin'. Analyst Max Keiser believes next US president's economic policies and stance on China

Joe Biden's picks to head up key regulatory agencies could redefine crypto policy in the coming years. Exactly how remains an open question.

I think bitcoin is not entirely controlled by a particular country, bitcoin stands on the global system. As for technical support, there is a slight worrying impact. In terms of alignments, Biden has not yet fully stated his 100% support for bitcoin. but still from my point of view ,, Biden is a person who is quite open and will support. because in the next 100 days Biden will prove his performance that supports everything that is the right and freedom of the world market under his control, while providing fresh room for US profits.

Exactly. I also believe that Americas newly elected President Joe Biden had nothing to do with bitcoins movement and popularity. Bitcoin doesnt depend on the hand of Biden to grow or fall in the market because it is created decentralized and liberated. There might be changes in the US crypto rules in the future but I guess its impossible because he might pay attention first to what is currently happening in the world and the biggest problem that America is dealing with. somehow, we should expect more and more investors and wider adoptions of bitcoins all throughout. The benefits and great profits it gives us will continue to shower through all humankind across the globe.

At least post the source. Here: https://asiatimes.com/2020/11/biden-victory-will-trigger-stampede-into-bitcoin/

Btw, Max also said this in an interview with the Cointelegraph last month:


LOL i like Max, whenever i read one of his interviews, he's always bullish on Bitcoin...but dammit, this is just too much, even for his standards  :-X

I was just asking


I don't count on them

Trump seems to be a lame duck already (even if he personally thinks otherwise), so we can safely write him off ("terminate", in his own terms). Regarding Biden, that's the whole point that he should understand he knows nothing about crypto and accordingly does as much. Bitcoin would do just fine without either if only they weren't or wouldn't be putting grit in the machine (what Trump had been doing all his presidency)

If it's about bitcoin adoption in the US then only Biden knows if he will adopt bitcoin in their country. If biden know about bitcoin but doesn't adopt bitcoin then it's another story.

Well, that largely depends on your point of view

In this case, on the point of view of a particular government, of course. It is certainly true with respect to nations issuing their own fiat money, for example, dollars, rubles, whatever. But there is a small number of nations as well that don't enjoy a fiat currency of their own invention (say, Panama or Ecuador). Instead, they are using a currency of some other country (in the total majority of cases, the American dollar), and in this very specific case, such countries may actually take a genuinely friendly stance toward crypto. The same approach seems to be applicable, at least to a degree, to some countries in the Eurozone, which are not altogether hostile to Bitcoin and its little cousins


I'm always telling the same thing essentially, that we can't envisage what future technologies will be like as otherwise they wouldn't be future technologies anymore

I think trump doesn't like crypto. He has made statement indicating his displeasure for the coin so I don't think we are going to see any worse than that in the newest regime. However, Biden seems to always want to listen and shares different people view on anything before deciding so I literally think it is not likely he will hate crypto like trump a lot of businesses in the united states including coinbase are doing great. I wouldn't think anything will stop the evolvement of the crypto in US

Whoever is the US president, crypto will keep establishing itself and its price is inevitable to increase. One of the biggest reason and factor is the halving and also the mass adoption that we're seeing lately in the news. Those two are sufficient to see the increase in demand and by the end of it will result to a greater price. There could be some changes if Biden gets an eye on crypto and whichever he decides to do, negative or positive, there will be a temporary effect.

Looking at the events of the last few days, we can say that until Biden's ownership the financial market as a whole will follow a trend of volatility, not to mention the advancement of covid-19 in Europe and the USA.
However, in the Biden administration a senator, sympathetic to Bitcoin, which even has open positions, can boost Bitcoin's popularity as well as adoption in the U.S. There will probably be at least greater attention and reflection on the topic.
But, I think that Bitcoin will have an acceleration in its price with the increasing expansion of the Chinese market, because even in the face of the global crisis China had a projected growth of 5.8%.

Just to have some questions in mind on why people are really fan on tagging along those external events with Bitcoin? Yes, these might be powerful leaders and can really
be shaken of the market but this will only be applied into those traditional markets like forex and stocks but for cryptocurrency? Its a no.. This is why its somewhat
wrong for you to think of this way where you do make up some fundamentals into your own analysis which you cant even know if its really affecting or influencing or not.
So its better to stick out with other ways which seems to be more relevant than on this one.

I agree, no matter how these presidents influence people if people are wary of such thing they won't get affected, so what if Biden isn't in favor of any cryptocurrencies, would that change a thing in crypto? maybe it would reflect in prices but how can we know that? perhaps there will be significant change in crypto tomorrow if Biden says no more crypto in USA today.

No matter how negative or positive their view on certain things, they can't get emotionally with any law that they are passing it needs to be studied.

Topics here are going down the drain when it comes to quality..

Let's not mention the fact that the author did;t manage to write a 3-word title without ** it up, the whole OP is ..let's discuss. But of course, did you expect an opinion from the author himself? That was way too much to asks.


Mak Keiser is bullish on everything that might take down the $ and the US, gold goes up, it's the end of the dollar, oil goes up it's the end of the US, oil goes down, it's the end of the petrodollar, gold goes down it's good for the countries that buy gold to topple the US.

He's just a puppet of the Soviet propaganda, yeah, I'm using the term soviet as it's way more fitting for what he does that simply Russian.

Oh and for people criticizing Trump, remember that in his first year as president the price jumped from 1k to 20k  ;D

And while we are at it, let's recall that Trump himself was suspected of being Kremlin's agent, and that was kinda official (given the investigations)


It went up once

But it massively crashed twice during his presidency as well (to nearly 3k and 4k). So the net effect of his rule on Bitcoin prices remains to be evaluated and, most importantly, we should find out whether there is such an effect in the first place at all before we go any further

Prosperity has always existed in bitcoin no matter who becomes the president of the us. There have been several arguement whether bitcoin benefits or not when Biden becomes the next president. The answer is bitcoin do not need a political element to affect its inherent strength.

Any president of the US will not want to involve in such kind of technology. The decentralization totally against the whole organization. They only want to impose tax on bitcoin and when they understand they can not do that in a proper way, they choose to ignore it.

People like us are the ones who benefits ourselves a lot with bitcoin. We have our privacy, we become anonymous, we are able to hide our footprint on the internet and we avoid being weakened by inflation. So honestly, i do not need to know who the next president to buy bitcoin.

With all the years inside bitcoin's bag, I can't understand why we still have to take into account things that weren't even related to bitcoin at all like the president. Bitcoin will prosper with or without Biden as it is not secluded in a single country. It's decentralized, meaning it goes beyond borders.

I personally don't know if there was a topic about bitcoin and crypto in the presidential debate yesterday, because this topic might be there. But I just want to assume that if bitcoin and crypto might prosper, I believe that the governance that is created in the future will probably be more accepting of digitalization so widely that it is possible for bitcoin and crypto to be more accepted and more developed in the future. At least the best hope is always there, but if things get worse, then we also have to be prepared for all the decisions that are made later.

Why is there a need for crypto to be related into politics when at the first place no matter who it is on the position, crypto will still prosper because of the investors support for it. Yes, it might be thinking and considering that because of the institutional investors that is why people are always relating crypto with the political topics starting off with the start of the election campaign until the election day up until now that Biden becomes the newly elected president of the USA. We certainly do not know what is the stand of Biden with regards to the topic of crypto for what the newly elected president's focus as of now is the welfare of its people with regards to the fight against the covid-19 pandemic. But let us just all hope that good thing will still happen even the change of the administration will happen from Trump going to Biden although the relationship on it with crypto is not that clear for crypto lies on the people's demands and not with who is in the position.

If we base crypto on the performance of a country then what is the point of it being decentralized in the first place. I do not think that a government administration would have that much influence in cryptocurrency unless it is a CBDC, the nearest thing that we can call an influence between crypto and government is coincidence.

We don't speculate about that as the impact that will be happened to the crypto is still remain unclear. It looks like that we must see what will be going by gensler as he was chosen to lead the transition team for financial policy. I guess the impact of crypto will be determined from Gensler's team.

I think that everyone can take a conclusion from the this

sources; https://www.coindesk.com/biden-confirms-gary-gensler-will-lead-financial-policy-transition-team

Imo if he's pros with crypto

That's right! what's the sense of being decentralized if it's relying with someone's economy or we can call it leadership. Crypto industry
still eisting without any regualtions it's best to keep that way.



Government needs to implement their own rulings wihtin their juriscitions outside there's nothing they can do about it.

As long as there's no threat to whoever leaders that be elected then everything will continue to move forward
and will succeed to coexist with other available digital currencies.

Whoever becomes the 46th President of the United States now, whether Trump or Biden, they both can’t control decentralized Bitcoin.
Bitcoin doesn’t depend on who wins the election. Perhaps exactly if president Biden gives a loose and pro to Bitcoin,
the president becomes the driving factor for people to adopt bitcoin. If the president in a country is pro and supports bitcoin.
This will have a beneficial effect, as it could lower the concern factor in the digital asset market. In addition, there are many other positive effects.

I can't see the participation of Biden administration in bitcoin development. If USA will just banned bitcoin for a purpose then we can't deal with that. After all, bitcoin will run eventhough who among them win in election. I am just happy for Biden and hoping that USA will grow under his administration. Regarding to bitcoin, it can stand still because it has many supporters around the world.

I don't understand why crypto is always associated with things that are viral and political or whatever, because bitcoin growth doesn't look at anything and anyone and will continue to grow and develop as long as there is support from investors and so on.
but what I do know is a lot of Biden's success team are involved and pro with crypto, so we'll see what happens next about crypto and Biden.

We shouldn’t be speculating, I think it is best we wait for him to enter the office and we will know what are his views on crypto. I have not seen anything about him talking about cryptocurrencies before, so I can’t just start speculating and making wrong statements that will possibly discourage a lot of people.

Let’s just hope that they don’t place more of these strict regulations that will tighten up everywhere and become a burden for cryptocurrency exchanges. And I also hope that they don’t pass some crazy laws that are going to discourage people and make them scared to buy cryptocurrencies.

Bitcoin shouldn't depend on the mercy of any president,prime minister or politician from any country in the world in order to prosper.The Biden administration won't be that different from the Trump administration or the Obama administration,so there's no point of discussing such topic.
Just like the libertarian economists from the past have said "lesse fair"(I don't know french) or "let it be".
Bitcoin will prosper,if the politicians leave it alone and don't intervene inside the crypto industry..

The funny part with elections is that people often forget that Biden while elected as the president of the US bit that doesn't mean that he owns America. I mean they have a proper setup for each decision they take and it goes through multiple bodies before the president approves or denies it.

Yes bitcoins might be affected by a negative or positive stance towards bitcoins from the new president but I am quite sure that everything with bitcoins is going to remain same because they already have decent laws regarding it and no need to fix something that isn't broken. If even there is some impact it might be very minor and almost negligible because of the decentralized nature of bitcoins.

Cryptocurrency can do well without Government's influence, I even prefer government being silent on it but a policy in USA government againsts cryptocurrency can kill it. Asides China most big fund with high number of people in cryprocurrency is in the USA, ATM the whole world is still waiting for the $1 trillion palliative in USA to get into this space and pump the price a little. Dollar in USA matters here a lot, there are news of crypto investor's contribution in his campaign which will believe will make us safe under Biden.

I don't think that more strict regulations will come from the Democrats now, usually the Democrats are more open minded than the Republicans. My bet is that Biden will try to revert some of the Trump policies from the last 4 years and be more open towards business area like the crypto world. I agree we shouldn't be speculating here too much, it's best to stay outside of the political world and hope for the best.

If US government wanted to kill it, they have done it many years ago and not let bitcoin and crypto takes off specially in 2017 wherein it was really a boom, although they don't require their citizens to invest on ICO specially security token offerings. So that is the first big break that we have seen what US can do, file charges against those company.

Other than that, they remain bitcoin friendly, but with regulations in which exchanges like Binance follow, just to established a .US exchange. So we will see, but I have a feeling that nothing with change, US will remain in the grey area, but leaning towards a more crypto friendly nation.

I don't think any US president will announce that they favor cryptocurrencies over centralized currencies for obvious reasons which is why I doubt anything will change whether it is Biden or Trump.

The good thing is that their approval isn't everything. The cryptocurrency market will continue to survive no matter what and history proves that. We need to focus more on improving adoption of BTC, ETH etc as currencies.

There are no massive effects of the US president in the crypto world. Because it is an independent and decentralize currency. It does not depend on any country, Satoshi establishes this platform for all the user's world base. But there can be some difficulty if Biden expects crypto-only in his county. Widely he can't stop crypto and change it's the direction of improvement.

I think this is still not because currently the US president is still relatively new so it takes time to adapt and of course I am very sure that one day Biden will start trying to make transactions more into digital currency and support the use of cryptocurrency in his country and can have a good impact against the price movement.

Why are we having these questions?

I don't think that the US has that much Bitcoin that could affect the current market that we have so even if Trump or Biden won, it will never be that positive or negative to affect the market. It would stay the same, the price is having great movements maybe because of the fact that there are some companies holding Bitcoin right now.

As far as I know BTC history has not been influenced by who is president. After covid took place, many economic industries were undergoing clear transformation. While some areas were hit very hard, BTC quietly increased. The decline in gold prices almost made me believe in a new high of BTC !

cryoto? = crypto? lol . you gotta edit your title . how do you normally speculate stuffs in crypto , theres no difference to that the way you speculate crypto and biden but at the moment its not really that possible because biden is just recently elected as a president and no work that has been done yet within this short period of time .

 calm down because the new pres is also calming down for a while , you know the election is verry hectic but i forseen that crypto can benefit better with his possesion than the previous

Obama largely ignored crypto or didn't know what it was. Trump has been relatively quiet regarding crypto, leaving IRS to basically treat it as property now instead of a equity. Biden probably doesn't know what it is either.

More important is what certain senators think such as that weasel Joe Manchin. He calls Bitcoin the gateway to terrorism and illicit drug use. Meanwhile he sat on the FDA committee which oversaw his daughter's company Mylan making the epi pen and the FDA did not allow generic competitors. You don't want this Joe whispering in the other Joe's ear...

But what matters is the outcome, right?
That's the fun when you try to overlap things that have little to nothing in common.

Jumping from Trump to Obama the things get really really funny:
He started his presidency two weeks after the genesis block and ended his first term within at 20$.
Then in the second, he saw it go up to 1000 in the first year then drop the go close to the ATH.

So, his second term was way worse, but still a bit better than Trump, but following the trend, Biden would only bring an increase of a maximum of 5x during his term.


Because the largest bitcoin company in terms of bitcoins in custody is in the US, because the largest funds that hold cryptos are from the US because most ATMs are in the US because most nodes are also there and in short that's where the money is.
And if the US changes its policy with a negative stance no good news from the other side will be able to cancel the negative effects.

It is really hard to predict what will happen next in crypto world in US when Biden won this election.

I'm only hoping for a positive happenings in bitcoin community and I'm not judging Biden's administration but I hope that he also cares about the cryptocurrencies.

But as bitcoin is really popular nowadays, and it become more popular during lockdown and quarantine, I think bitcoin will still prevail and have an increase in its price no matter what. As we know that bitcoin is volatile, we just need to observe the market and make a lot of predictions that we can rely on.

We will know if Biden already seat on the Whitehouse since right now, we can just speculate and those words of either Biden or Trump right now is just for the sake of election, their real work will begun soon and we’ll see if Biden can really support cryptocurrency. We know Trump, support bitcoin before and after that Trump says they didn’t recognize Bitcoin at all, and in the past months Trump says Bitcoin is a big thing, so in short everything is possible to happen.

It's hard to give a correct answer when Biden is not announcing anything if he is in favor or not, but during the times of Trump we have no problem on adoption and it's never an issue, but it will be easy if Biden openly supported Cryptocurrency, we all know the United States is a powerful country and almost everything starts here.
Every one has their own speculation on what's going to happen after Biden assume office, they say it will go down some sectors says it will go up.

yes, I saw it too. Trump said that he does not support bitcoin because it has no real asset basis and according to him the price is determined based on "thin air", but if he has changed, of course that's a different story. Same as JP Morgan in 2018 who said that bitcoin was a fraud.

As far as I know there are more pro-crypto democrats than republicans. So as we assume that there will be more democrats in US in nearest years - there will be more space for crypto to develop

This had happened to Donald Trump when he won the election last time Bitcoin jump high but the rest of the years follow you will see that it had slump and even got down below to 10,000$ by the end of the year. The same thing will happen with Biden, the US presidency has nothing to do with the general market movement of Bitcoin no matter what the connections they are trying to say it is just a small portion on what creates the movement for Bitcoin there are still factors that directly affect Bitcoin especially on its demand.

To be specific, there is no difference between Biden or Trump because Bitcoin is decentralized and not directly related to any government, including US government. Also the US financial regulations are same in any situation unless someone changes it. So there won't be much difference. However, in the Biden unofficial cabinet list there are some crypto and bitcoin friendly people and this can be positive news for bitcoin. But, I don't expect much about Biden himself, because he is a 77y old political man with defensive thoughts.

The crypto market is generally rising based on demand crypto has nothing to do with Biden and Trump. Crypto no one can control. if the amount of investment in the crypto market decreases the market may go down but Biden and Cryoto will not have a negative impact on the government of any country. As the demand increases the crypto market will rise the demand for Bitcoin has increased compared to the past, everything has been damaged due to the epidemic but the price of Bitcoin has increased the development of Bitcoin will not stop but the number of investors may decrease.

In general it dont matter who the president of USA is. Not for Bitcoin. Whoever will be will spend more then USA will produce and increase debt. So main reason why Bitcoin was created will exist under any USA president. Yes, Bitcoin likes uncertainty, so should flourish more under Trump, but on other hand could be less volatile under Biden and that is also good.  

I think cryptocurrencies backed by countries (not cbdcs) are sort of dark horses, because we can't be completely sure whats going to happen if we'll see one.

it doesn't matter one bit unless the president of US or any other country starts either being super positive towards bitcoin or the opposite, super negative. otherwise they are all the same.

and i am surprised that among all these talks about someone who is not even in the office yet noone mentions what Trump may do in his last days as POTUS and how he may ruin the economy as he is being booted out as the only one-term POTUS ever. and that ruin could help boost bitcoins position a lot.

Not directly related doesn't mean unrelated

Kinda truism but still. If Trump administration (let's assume he doesn't leave the House) or Biden administration seriously cracks down on crypto, we will quickly realize how much, or how little, for that matter, Bitcoin is "decentralized" in terms of its price depending on the lack of hostile actions against it by the powers that be. The harsh truth is, Bitcoin is just too small (read, tiny) to give a real pain in the ass of policy makers, or puppet masters if you will. It is easier to simply ignore it than to actually fight it

Biden administration or not, before the recognition of Bitcoin, Blockchain and others cryptocurrency by any government around the world Bitcoin prosper through the bond of the community and it potentials but we just need the recognition of the governments to make crypto mainstream so you don't need to bother yourself about the stance of Biden when it comes to cryptocurrency

To be honest and fair, grading cryptocurrency by performance, I will say US isn't the top country that will take first few lists. Despite some huge and influentials from San Francisco, I wouldn't give it to them. Malta and Canada has been Bitcoin friendly in my opinion.
I can recall Donald Trump tweet back in 2019 when he said he was never crypto friendly and never believed on value created on thin air with zero security level. That shade lots of blood that tank BTC price and altcoins for several days before they became stabilized.
Either Biden or Trump, let's forget about top World leaders and cryptocurrency, what we need to focus on is adoption, gradually we will get there with time.

I totally agree with you man, bitcoin is completely decentralized and doesn't depend on anyone to prosper, after all even when the trump administration made it clear that it was an anti crypto, bitcoin was still doing just fine, infact more people got to know it and the adoption has increased tremendously over the last couple of years, last month PayPal started accepting bitcoin deposits,buying and selling on their platform, so this shows that bitcoin is bigger than one man or one country, it's global now.

Decentralized is nature of blockchain and the tech, not the price. People assume just because you could make the technology behind crypto decentralized, the price should be decentralized as well but that is not the case. If Biden comes out and says that he will federally ban everything regarding crypto, from buying to selling to spending or even owning any, and if European countries join him and all of them bans everything about it as well, the price will go under 1k each and that is certainty for me.

However we all know that will not happen, yet that is a possibility and that means it is not decentralized when we are talking about the price of bitcoin. What is decentralized is the fact that there will be max 21 million and it is mined certain amount per day, those things can't change for example, simply the code of it can't change, how much we pay for it can totally be manipulated.

Just be positive for once, it’s not going to fail. There are more important issues he should be talking about when he’s in the office, Bitcoin is not a threat.

Although some people are fond of bringing up things like Bitcoin is being used to find terrorism and that’s it’s for money laundering and all that that, but that’s not enough reason to stop Bitcoin, rather we should be looking for means to solve those problems and make bitcoin safer for everyone and also seem less of a threat. So I know or sure that he will have one of those targets to regulate the cryptocurrency environment, but let’s always how for the good and not the bad.

The way we saw the price climbing up shows people are more positive about Biden and Bitcoin than Trump and Bitcoin. I think technologically both right and left have been wanting to bring in revolution so it hardly matters whether it's Trump or Biden both are going to be pro-technology. But obviously Democrats being more liberal chances are that Bitcoin would be better under Biden. I am amused few people thinking that nothing in this world can stop Bitcoin from prospoering unfortunately this isn't the case every political move effects the adaptability of such a technology. I know a few states in my country which didn't get computers and machines until late 2000s merely because they would hamper jobs and government was ultra socialist. Bitcoin needs to get legal sanctions from all around the world otherwise it would just become a dark net currency.

In 2019 the United States was named the largest bitcoin user country with a range of 38%, followed by China 28%, Britain 16%, South Korea and Japan with a range of 10%. this indicates that Trump's position at that time had a big impact on bitcoin.
At this time 2020, Coinmarketcap revealed that the top countries with the largest increase in the number of cryptocurrency users including India, Pakistan, Colombia, Canada and Nigeria were included in the category of one of the user segments that increased the most in the first quarter.
So I don't think America's position in 2020 or the coming year is the main reason for bitcoin. there will be many other countries that have the potential to replace America.

The devil is in paying precious attention to detail

Or, as Mark Twain put it (actually, it was Benjamin Disraeli), there are three types of lies, among which statistics are the most insidious form. More specifically, it is not just the number of users that counts, but also how much of the total coin supply they have accumulated in their wallets. In other words, if 1 million Nigerians hold 1 satoshi each, that doesn't make Nigeria a top dog in the cryptocurrency pit. I think the same is equally applicable to India, Pakistan and Colombia

From my perspective, whoever will be the president in the US between Trump and Biden, the crypto market will stay the same because both of them didn't make any stance during their presidential campaign. But I think bitcoin's will continue its momentum on raising its price because whales continuously influence bitcoin's price during the US election day.

It will the same as long as Biden is not taking anything against Bitcoin we are ok even if we don't have support coming from the Biden administration, but it will always an advantage if we have leaders supporting the cause of Cryptocurrency, because leaders always have a say on the policy of the country, I'd like to see in the future Biden openly supporting Bitcoin, it will make a big pump it this happen.

But after Biden elected as the next president, the market movement in a somewhat positive way to this point, although they won't affect the crypto market significantly.
Bitcoin users, traders, and investors in the US are one of the biggest compared to other countries, so as long as the authorities do nothing about the current market situation, crypto will grow like the way it is now, and bitcoin still has a big chance to be better electronic cash in terms of utility and value.

"Is Biden good for crypto?" becomes a hot topic last days. The president isn't interested in crypto and its future developing. He is neither crypto supporter, nor a person against it.
Check out this article
https://www.financemagnates.com/cryptocurrency/news/will-the-biden-administration-be-good-or-bad-for-crypto/

Yeah I do think the same that they wouldn’t do anything bad about bitcoin, no matter who it is that wins the election bitcoin will continue to flourish. By now they will have understood how good bitcoin is, there are already so many companies in the US that are buying bitcoin and adding it to the assets they have, that’s a sign that they are starting to value Bitcoin and truly understand what it is all about.

So, no government will come on and just ban it, by doing that they are going to be frustrating a lot of companies and exchanges there.

I disagree. I think 1 million Nigerians holding 1 satoshi each worths a lot more than 1 Canadian holding 100 bitcoin, not because of price reasons because price could change with one Canadian over 1 million Nigerian, but more about PR and adoption reasons.

When there is 1+ million new people going into crypto that means there is a whole nation that is more crypto friendly, when they are more crypto friendly that means they will benefit the most from increases, when they benefit more that would make other smaller nations jealous and they will get involved as well, when they get involved together that means they will spread like wildfire and everyone will get involved. Just one guy from Canada can't do that, he can afford to increase the price short term but a million people will have a bigger impact in long term.

Why should Biden have any influence on the cryptocurrency? This old man is almost 80 years old... I don't think he can think of anything about it! The main thing is that his advisors do not start telling him about terrorists and drug dealers using bitcoins and other horrors! :D
Bitcoin will survive Biden and more than a dozen generations of US presidents, and nothing will happen to it! ;)

Totally agree. There is no connection between Bitcoin and this old man. Furthermore, i have never seen any Us president doing somthing with bitcoin.

I believe that bitcoin keeps developing no mstter who us the leader of thr US. Ĺ

Unless they emanate regulations that are detrimental to bitcoin and exchanges, it would affect the market significantly, but yeah they have never done this.
No point to bother exchanges as they bring an open book for everyone involved in cryptocurrency and paying good taxes as well.
Any crime involving bitcoin will result in the authorities confiscating it for auction later, good funds for the country.

Okay, 1 Canadian is worth less than 1 million Nigerians despite being wealthier. But what about 1000 Canadians vs 1 million Nigerians if Canadians are collectively worth x100 more than Nigerians in simple monetary terms?


I would agree with you if it were about real use in real life. Then it would be a markedly different development. But since it all boils down to speculation so far, a million people won't and can't have a bigger impact on the market than just one man if he is worth more. In this case, it is simple math and nothing else

Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

I also don't think they will have significant impact on the current state of crypto. Because they will not directly support the usage of crypto or bitcoin for some reasons like not to disrupt the current financial system. So for me, with or without him, our crypto activity will go on and continue to thrive. BTC already reached this far without their support, so don't think we will need them to move forward.

Good thing about Internet is we will be able to base our ideas and do research on our own, unlike in the years passed wherein people depends on the government whether tmsuch investment will be good or not, Now, people have their own capabilites to study and understand them by themselves without the limiting power of whoever president is assigned as long as they will not ban it on their country it is fine.

yeah, Bitcoin should not be dependable to Trump or Biden, because it is a global decentralized network, and should be prune to political changes in ideal situation
of course, we do not live in ideal situation, and some law and regulation changes could have a lot of influence on Bitcoin acceptance

Yes if a government will take over or regulates this thing expect that bitcoin is no longer our bitcoin before, or the feuture of it will be lessen we cannot fully maximize bitcoin and could be result to price drop because of this thing. I would be happy if they will not ban people  to use it, nothing else.

If Trump administration despite his influence and as a head of a world power could not take any negative decision against Bitcoin even though he is not a fan of Bitcoin neither will Biden administration take any decisive action against it too.
A supporter of Biden donated some amount of funds toward his campaign with Bitcoin, his administration will quite  lend his support towards cryptos, I believed his coming to power will ensure formulating new policies that will ensure more growth and adoption of Bitcoin.

Don't expect too much. Remember the recent hacking occured to biden's social media account by some random hackers that demands donation in btc? Pretty sure it's gonna gives a bad impression to biden and now he's president.
However crypto just gonna be normal like this in the future I suppose. I mean many people in the US already knows crypto and what government need right now is the law for them to tax it. Keeps your expectation low I guess.

As bitcoin's concern it cannot be govern by anyone else by government or banks because it can live and prosper on its own thru the support of the crypto communities, adopters like us and investors most importantly. It will not matter who's the president will be because bitcoin is independent that can overcome adversaries and cannot be slow down by any political issues. In fact, bitcoin is soaring despite the bad economy due to corona virus crisis.

I think Biden is more open to new ideas than Trump. Trump once tweeted how he considered Bitcoin and crypto to be fraud and money from thin air. While the approach of Biden is a bit different. He is open to new ideas and uses of technology. With "science" as in his manifesto, I think he will look into the matter of Bitcoin and Crypto with positive eyes.

Biden really promise during his campaign rally that he will do something that will give all the crypto users joy, if they vote for him become US president. Biden is man many people want to become the president of US because he is a hardworking man which he will do everything possible to make bitcoin and crypto users to improve in the area of exchange market. I think with the promised Joe Biden made during his campaign show he will definitely tell the central bank to print more money to support all the crypto users to invest more and earn more in their business. Biden administration will really concentrate on economy of the country and institution which will help the citizens to improve in their business and also in their studies in the country.

I think Biden is good for the crypto world too. Just by looking at the prices of the biggest crypto coins we see that almost all of the rallied since the USA election. Bitcoin alone is almost up 60% over the last few weeks. In my opinion the Democrats are more open towards free trade and will likely cancel some of Trump protectionistic economic reform. Hopefully we will see higher prices through out the next for your years in the crypto world.

No matter if Biden is supporting or against Bitcoin, it will always flourish no matter what. I don't mind which side Biden is in, but Bitcoin is here to stay for a very long time. I don't even care about Trump's statements against Bitcoin, he cannot stop it from further growing on a gradual basis.

With more people in his cabinet that is very much in favor of crypto, Biden already looks like a president who would be more fair to crypto. I am not saying it will be a guaranteed 100% deal but at least he looks like he will give power to many other people instead of trying to collect all the power in himself, that was what Trump was having trouble with, he wanted all the power to himself and that is not something people are willing to overlook and why Trump lost.

Checks and balances are important in government management and Biden will give economical management and advising to people who were employed by or at least interested in bitcoin world. So at the end of the day we will have to wait and see but I am guessing much better 4 years than what we had previously.

Looking for Joe Bidden background we don't get he called with cryptocurrency as best payment currency at the future and become revolution how to break up United State economic. Almost all political in the world still lower knowledge with bitcoin and cryptocurrency, they don't know what is benefit from cryptocurrency for adopting as currency payment. I believe is not get any impact for bitcoin after Joe Bidden win as United State president election after beating Donald Trump. Maybe Joe Bidden is not bad like Donald have give bad reputation for bitcoin where always Trump make controversial for bitcoin going down. Just hope what will Bidden decision for bitcoin at the future in United State, still the same like Donald Trump decision or become better for bitcoin after Joe Bidden as United State president.

I like Biden, I also believe Biden will have a positive impact on cryptocurrencies,
because we know America is a big country and will compete with China,
China is also now going to launch digital yuan, and of course USA will not be left behind and Blockchain will be atention Biden in 2021.

is that too influential? I don't think you can see that from time to time, cryptocurrency is getting more and more famous and has become a very popular investment place at this time you need to know that currently the development is very wide and it has happened during hard times bitcoin remains firmly held at high prices bitcoin is a place the best investment for many people and the trade has become higher the volume level per day which is certainly what attracts many people.

Do not expect for the new administration to be on the side of cryptocurrency. Remember that almost all goverment are in doing centralized system and it is completely opposite to cryptocurrency.
However, we can be also get surprise by the new admin. Who knows that it will going to support cryptocurrency. But whatever it will be the best thing to do is not to expect anything from it so it will not going to hurt us the crypto community. With or without them cryptocurrency working just fine.

Well even there's no president to support bitcoin, bitcoin is always prosper to grow and still continue to grow , it is really centralize system where other crypto currencies support bitcoin. I not even surprise if the new administration not support bitcoin, However if there's an 1 people who have courage to introduce it into administrator and then make a good impact to it maybe we can expect more than to expect.

Crypto don't care about leaders, whether they are in or out it doesn't really matter. In my opinion cryptocurrency is already a mature investment, it can't be easily influence or dectate by any leaders around the globe. The power of decentralization is so much powerful than we think, crypto is freedom and empowering citizens.

IMO, much more important to bitcoin is the support of Senate than president no matter who the latter is. Wyoming newly elected  Senator seems to be the first obvious bitcoin enthusiast in Senate as  she is holding BTC since 2013. She promised " to bring Bitcoin to the forefront of national dialogue" (https://www.cryptopolitan.com/us-election-wyoming-senator-bitcoin-fan/). Following commitment of Pat Toomey, who is Senate Banking Committee member (https://www.coindesk.com/us-senator-toomey-highlights-digital-currency-regs-as-he-eyes-banking-panel-chairmanship), it is likely that the next two years will show whether the Senate will be able to reach a consensus on Bitcoin regulation.

I don't know how can you say that crypto is already mature, I mean its like just 10 years, still in its infancy if you're going to ask me. We can't even derived a proper data set from it because dat is too small. But I agree that crypto doesn't care about leaders, but those leaders can spell doom to us if they are a hardliner, no-coiner, anti-crypto. Good though that Biden is not like that so still a win win situation for us as he is going to be the next US President next year.

You will be very surprised if you learn that the" prosperity " of BTC depends on its demand.
If the US economy goes down under Biden, then BTC will also go down-simply because people who already lost a lot of money during the pandemic, just to survive, will have even fewer of them after the new economic "exploits" of Biden and his team. And all this will pull BTC down again and it will be impossible to stop it.
It seems to me that just the same in the next couple of years we should expect a very strong drop in BTC, and maybe even a record. The worse things are in the US, the worse it will be for the whole world in General, and BTC in particular.
When you think that BTC is a fully decentralized currency, you forget the simplest truth - you can't buy it without using dollars. And when your entry point suffers, so does everything that comes after it.

Your reasoning is quite correct

But your premises are quite shaky. That is to say, crypto won't be a lot better than the world around it, but what would make the world a much worse place than it is now? You essentially say that Biden is going to destroy the American economy (or substantially impair). But is this really so? 


It is not about dollars

You can buy Bitcoin with, say, rubles. Kidding aside, cryptocurrencies are not possible without people supporting them and using them. After all, who would care about dollars if you could pay for things with crypto directly?

I have seen this type of question many times but i don't think it will make any impact on the crypto market .Lot's of trader said if Biden win bitcoin can crash but see the trend is going to the moon .So cryptocurrency is a great platform it's not control by president .They can just make new rules which may affect but not much for sure .   

Where is this information did you get which Bidden will full support with cryptocurrency? almost all United State president never give anything for bitcoin from Barack Obama until last with Donald Trump always hate bitcoin and altcoin become legal currency payment transaction, but have two months later before Joe Bidden is officially inaugurated as president of the United States in January 2021. Have waiting two months later what is true with Joe Bidden full support for cryptocurrency become legal payment transaction in United State or not because I get any issues there are supporters of the Bidden campaign from bitcoin investors. True or not with Joe Bidden will have change for bitcoin just waiting when he officially become president of United State.

Nothing would change. It will still be normal unless an government official will personally deface or promote Cryptocurrencies. Bitcoin will always be Bitcoin as long as users will keep using it normally.

Given the overall focus of Biden and his team (and party), I have concerns that the US economy will go down for the "common good of redistribution between rich and poor”. He is going to not only raise taxes on large incomes but have desires to restart the notorious ObamaCare and God knows what else. All this will cost both a lot of money and a lot of reputational risks.


This is the biggest problem of cryptocurrencies in particular and the entire crypto community in general - no one wants to just take and pay for anything directly with cryptocurrency, even pizza or new smartphone. Everyone wants BTC for $50k and after their wallet would be full of paper money.
I have already said many times here and I will say again that until today's community wants to live with cryptocurrency as "real money" and not as an investment, then there can be no question of any mass adoption.

Imagine if Trump would enter 100% rage mode and decided to ban all crypto.
So all your pink dreams about allmighty bitcoin would crash all at once.

Let's wait and see. But personally, I don't think that the US economy under Biden will be much worse (or worse at all) than under Trump


I support this view

It is actually pleasing to see that more and more people come to understand that it is not merchants that are refusing to accept cryptocurrencies but rather the crypto community that doesn't want to part with their precious coins. But there is a hope for them too, and this is crypto payment cards once they start to cut it in terms of maintenance costs and commissions, that is, become as useful and convenient as regular ones

I think there is an easy, and swift answer to this. Do you remember few days back during the American election day, or week; did you notice that the great american election had no single effect on the bitcoin and crypto currency? This is to tell you if the election does not affect bitcoin growth and prices; then whoever is the president, bitcoin will thrive; crypto currency will thrive, but always remember that the volatility will remain so always do your own research

Well, it is said that people are hoping that the newly elected president of the United States, Joe Biden would be good news in the community of the crypto currency. It is not Biden that they are looking forward to but some officials that might be chosen by the President himself who might be a supporter or sees a great future with Bitcoin and cryptos.

Even if Trump wanted to crash all crypto and went into rage mode, that would be short term and not a long term deal. Sure bitcoin would have went down a bit, hell if they for real banned it instead of just Trump tweeting about it, it would actually went down a lot. Think about USA, one of the biggest nations financially just bans all crypto in that nation as a whole, that would have hurt crypto for years to come.

However it would never crash, it would never go away for good, it would be there for taking and it would really just make it quite easy for us to buy low when it is like that and wait for few years and it would have been back to where it is today. Bitcoin is not something that stays down for long, no matter what happens eventually it gets back up, Trump or Biden it would have increased, even if it went down for a reason, it would have recovered eventually.

Speculate about Bitcoin and crypto anyone is entitled to. But regardless, anyone can’t control bitcoin, even if it’s the president.
Now that Bitcoin is very familiar and popular, many people already believe in bitcoin and make bitcoin a profitable investment asset.
Regardless of what and how Biden treats crypto and bitcoin, it won’t make bitcoin fade and weaken. Because we know,
when the Trump administration didn’t support bitcoin, bitcoin doesn’t crumble. Even if Biden applies the same, it will not affect bitcoin.

I really don't get why most people feel like the fate of crypto or bitcoin rest on who ever sits on the presidential seat in the white house, for God sake bitcoin is decentralized digital currency which means it is not controlled by any government, so it has nothing to do with either Biden or trump, the only currency that has anything to do with them is the US dollar "$" and not bitcoin, cus it doesn't depend on any government, so with or without any of them, bitcoin will continue to prosper.

The fate of bitcoin continue to be in the hands of it's believers, now that there are many people who are involve to this market plus new businesses

to also start the adoption, there's no stopping now whoever will sit as president even this powerful nation, maybe little interruptions but majorities

will still be decided by people around this industry.

It is definitely more complicated than that

The truth is, the decentralized nature of cryptocurrencies doesn't make them "decentralized" from people as it still comes down to people using or avoiding the use of crypto. So it does actually depend on who is in the White House as well as their attitude toward cryptocurrencies simply because their opinion greatly affects the thoughts and actions of millions of people (otherwise they wouldn't be in the House in the first place). Call it herd mentality or whatever, but it is real and shouldn't be discarded or thrown away

We could only talk about a strong impact on the future fate of cryptocurrencies as a result of the us presidential election if the attitude of presidential candidates is very positive and, on the contrary, sharply negative. Nothing like this seems to have been observed, and cryptocurrencies do not seem to have been mentioned at all during the election race and did not stand at the head of the future agenda. Apparently, we can talk about a quiet evolutionary path of integrating bitcoin into the economic system and much will depend on the personnel decisions of the new administration.

Trump cannot ban assets or things that decentralized and in case you don't know what decentralized means please refer google and have a read about it.

Basically US alone does not run Bitcoins and there are users who hold and trade bitcoins who live in US but that does not mean they control the whole price of bitcoins and a ban by their leaders will crash the market. I agree it would bring the price down by a little bit maybe given the sell orders that would be placed by the US traders in that instance but the drop in price would always be temporary.

I do not understand why people associate everything with bitcoins like if a president is elected people speculate its impact over bitcoins and similarly if someone like Trump got corona people start talking about bitcoin prices.

Well if it is anything like we are doing now, I think Crypto will continue to be more interesting for people as bigger companies become involved. 

I thought at first that if Joe Biden won the US election, that the crypto world would be in a worst position.  Good to say I was wrong.

That is right and a change of administration does not mean changing everything at least not in a country like USA. I believe crypto is not going to be a topic of discussion in fact because they already have a legal stand towards cryptocurrencies and there is not going to be any talks about changing or altering something that is not causing problems.

The price might have been influenced a bit by the president being elected because people invest and divest into certain assets based on the election result but for sure the legality of bitcoins is not going to change much.

If you recall all the last times when the President was from the democratic party , you can trace a very good continuity of the overall management style. They talk about health, the economy and raising taxes for the common good, and in the end they fail all their projects and catch the general discontent because of the launch of new inefficient economic and social projects.



The issue of cryptocurrency cards is quite controversial, as for me. Yes, this is already a big step for using coins and tokens as a means of payment and not an intermediate component of the money chain, but it is not a fact that such cards will be widely used. And it is not a fact that people will use them for their intended purpose and not to make it even easier to cash out their trading victories.

I think we need to look at his comprehensive economic policy to get more accurate.
First, Mr. Biden will lead America through the old way of Obama. It is a real human rights regime as far as I know. The government wants all people to live in the best condition even though they are lazy, not contributing to society :)
And this policy has a great impact on Crypto and the economy of the United States. Because they want a good society, they will have to stop Crypto so that the mafia groups will find it harder to launder money, which will cause the Crypto market to lose a large amount of money from America.