HomeBitcoin NewsOpinion: Bitcoin Could Be a Big Topic in Next Year's Presidential Election

Opinion: Bitcoin Could Be a Big Topic in Next Year’s Presidential Election

Date:

Related stories

BTC Can Hit $100,000 Soon and $150,000 If Trump Wins, Predicts Standard Chartered

Standard Chartered, the British financial institution, claims bitcoin can...

BTC Falls Below $70,000, Triggered by Massive Selloff

As the crypto community awaited BTC to push past...
spot_imgspot_img

Will crypto and bitcoin be big talking points in next year’s presidential election? Everything looks like they will be, though it’s hard to say for sure.

Bitcoin Could Be a Major Subject in Next Year’s White House Race

For the most part, it’s not like crypto hasn’t made its way into the world of presidential politics in the past. As we all remember in 2019 and 2020, there were several democratic hopefuls that sought to enhance their campaigns with crypto promises. Andrew Yang, for example, an entrepreneur and businessman, said one of his big plans was to make all crypto regulations easy to understand in America and rewrite them all in plain English, thus ending the many frustrations of crypto investors all over the country.

The same announcement came by way of Michael Bloomberg, the former mayor of New York City. However, neither of these men were able to arouse much attention from voters, and it wasn’t long before they opted to suspend their campaigns and step away from the presidential game.

However, one can easily argue that that was a different time. Crypto didn’t have the reputation that it does now. Also, over the past several years, we have seen a man – Joe Biden – run America into the ground. He has employed economic tactics that have ultimately caused the Fed to fall into a compromised spot. They have regularly implemented rate hikes as a means of fighting inflation, and this caused crypto prices to fall like they never had before.

Biden has also sought to do everything he can to make crypto investors’ lives difficult. From a phony infrastructure bill to an Obama-era policy designed to shut crypto firms out of the standard monetary club, Biden has made a real name for himself as the most anti-crypto leader in history.

However, despite all this, we’ve also seen bitcoin’s “safe haven” reputation grow over the past several months as banks throughout America and Europe continue to fall. Institutions like Silicon Valley Bank, Signature Bank, and First Republic Bank have all collapsed, and bitcoin’s price has only shot up during the ordeals. Thus, it appears many believe bitcoin to be a solid hedge against the failures of USD and other forms of fiat.

So Much Has Happened in Recent Years

The circumstances have undoubtedly changed over the past three or four years, and the stage has been set for crypto to potentially be a big topic in the political spectrum next year. Its reputation has grown, there are likely more people investing in it, and thus it’s also likely that they’ve been more affected by the goings-on of 2022 and 2023.

Not to mention there are already several presidential candidates – from Robert Kennedy Jr. to Vivek Ramaswamy – that have announced big bitcoin plans should they take the White House next year.

Nick Marinoff
Nick Marinoffhttps://www.livebitcoinnews.com/
Nick Marinoff is currently a lead news writer and editor for Money & Tech, a San Francisco-based broadcasting station that reports on all things digital currency-related. He has also written for a number of other online and print publications including Black Impact Magazine, EKT Interactive, Seal Beach USA and Benzinga.com, to name a few. He has recently published his first e-book "Take a 'Loan' Off Your Shoulders: 14 Simple Tricks for Graduating Debt Free" now available on Amazon. He is excited about the potential digital currency offers, particularly its ability to finance unbanked populations and bring nations together financially.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img