As I explained above, I don't think Donald Trump really gives a damn about bitcoin; At best, he's an idiot who wants in on the scam. That said, it's fair to say that Trump took a pro-crypto stance during his campaign. And, in fact, his promise at bitcoin 2024 to fire Gary Gensler on the “first day” of his presidency appears to have already resulted in the SEC chairman announcing his resignation.
An optimistic scenario (as suggested by, for example, Trey Walsh) is one in which Democrats now (also) adopt bitcoin as part of their partisan platform. But given that many other seemingly neutral topics become unnecessarily politicized (COVID vaccines are perhaps the best recent example of this), I wouldn't be surprised if the opposite were true.
As the incoming Trump administration prepares to establish a regulatory landscape that facilitates anything-goes multicurrency, and with the departure of Gary Gensler, we could well see the most egregious fraudulent currencies proliferate and skyrocket, before they inevitably implode. And as over the next four years people are defrauded, defrauded, and defrauded in other ways, I could also easily imagine a political response from the other side of the aisle that fails to recognize the distinction between bitcoin and the World Freedom Finances of the world. in total. They could turn against all cryptocurrencies even more than they already have; bitcoin is not excluded.
Of course, this is all speculation; I don't have a crystal ball here. But within a few years, bitcoiners could find themselves between polarized positions of the two main American political parties. Nocoiners to my left, shitcoiners to my right, here I am, stuck in the middle with you.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
