Cryptocurrency

Does it matter who is the President of the USA for Bitcoin?

It is election year in the united States and is felt in all countries of the world. And is that, the more next is the choice between Donald Trump and Joe Biden for the presidency of the united States, the greater is the expectation within and outside the country. However, there is a sector that is not very impressed by the outcome of the November election, because as I mentioned Anthony Pompliano in the Tweet of the day, for Bitcoin it does not matter who is the President of the U.S.:

Bitcoin and the presidency of the US

The last four years have not been to anything normal. Since Donald Trump took over the presidency of the united States, has not gone a single month without the actions of a President so out of the ordinary not have generated headlines worldwide. Not only because of its already accustomed speech incendiary, but by the actions, in many instances erratic, which has taken forward both within and outside of the united States.

Therefore, for many, the presidential election in November is an opportunity to return to normalcy, choosing a man of the status quo american as Joe Biden to replace Donald Trump in the White House. A confrontation that has led to the levels of polarization in american society to peaks not seen in decades.

Beyond the influence on Bitcoin, up to now it seems that Biden leads Trump in the race to be President of the united states Source: FiveThirtyEight

However, not all are worried by the outcome of the u.s. elections. In fact, for the greater part of the crypto community, who is elected as President of the united states within a few months seems to be a fact rather irrelevant, which ultimately will not affect cryptocurrencies as Bitcoin, as he has commented on Twitter Anthony Pompliano.

“To Bitcoin does not care who is the President“.

Despite the fact that this message is no doubt an exaggeration, because at the end of the day the political leadership of the united States has an enormous influence on the functioning of Bitcoin. What is true is that it reflects the undeniable reality of the cryptocurrencies: the virtual coins do not belong to a single nation, and that, therefore, their future will not be decided in any national election.

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About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

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