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


It is an election year in the United States and it is felt in every country in the world. And the fact is that the closer the election that Donald Trump and Joe Biden will face for the presidency of the United States, the greater the expectation inside and outside the country. However, there is a sector that is not very impressed by the result of the November election, because as Anthony Pompliano has commented in the Tweet of the day, for Bitcoin it does not matter who is President of the USA:

Bitcoin and the US presidency

The last four years have not been normal at all. Since Donald Trump took office, not a single month has passed that the actions of such an unusual President have not generated headlines worldwide. Not only because of his customary inflammatory speech, but because of the actions, often erratic, that he has carried out both inside and outside the United States.

For this reason, for many, the November presidential election is an opportunity to return to normalcy, electing a man from the American status quo like Joe Biden to replace Donald Trump in the White House. A confrontation that has taken the levels of polarization in American society to peaks not seen in decades.

Beyond the influence on Bitcoin, so far it seems that Biden is ahead of Trump in the race to be President of the United States. Source: FiveThirtyEight
Beyond the influence on Bitcoin, so far it seems that Biden is ahead of Trump in the race to be President of the US Source: FiveThirtyEight

However, not everyone is concerned about the outcome of the US elections. In fact, for most of the crypto community, who is elected as President of the United States in a few months seems to be a rather irrelevant fact, which ultimately will not affect cryptocurrencies like Bitcoin, as you have commented. on Twitter Anthony Pompliano.

Bitcoin doesn’t care who the President is“.

Although this message is undoubtedly an exaggeration, because at the end of the day the political direction of the United States has a huge influence on the operation of Bitcoin. The truth is that it reflects an undeniable reality of cryptocurrencies: virtual currencies do not belong to a single nation, and therefore their future will not be decided in any national election.

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