esterday was the 16 th anniversary of the invention of the blockchain and Bitcoin white papers as described by Satoshi Nakamoto, the former president of the United States of America Donald Trump has publicly shown support for cryptocurrencies. Originally, published on October 31, 2008, the document suggested Bitcoin as a peer-to-peer electronic cash system, an idea worth over $70,000 today.
Political Crypto Positioning
Trump’s social media post was much more direct, stating that it would end Kamala’s war on crypto and advocating to make Bitcoin made in the United States. This stance put Trump ahead of Vice President Harris when it comes to cryptocurrency enthusiasts’ preference and the crypto community is taking notice.
Potential Market Impact
According to analysts, if Trump wins the elections, then the Bitcoin is poised for a giant leap. Analyses show the cryptocurrency may rise by as much as 10% to $ 80000, right after the election. Should they dominate electoral processes, the price of Bitcoin might rise to $125k by the year end as a result of emerging favourable regulatory environments.
Broader Implications
The former president’s commitment involves vows to cease the government’s selling of Bitcoin and possibly firing SEC Chair Gary Gensler. This approach brings into focus the emerging intimate relationship between political leadership and cryptocurrency regulation.
Bitcoin: Political Climate and Freedom
Bitcoin is showing signs sign of financial revolution where political backing may be the key to success. It remains to be economically self-sufficient for many investors, and this continues to be represented by the cryptocurrency even after electoral results.
