CoinShares researchers noted that Republican Donald Trump’s victory in the US presidential election triggered a wave of enthusiasm in the cryptocurrency market. Bitcoin rose in price by tens of percent in the days after the election. Experts attribute this to expectations of a more loyal policy towards the crypto industry. According to them, over the past few years, the cryptocurrency industry has faced increased pressure from US regulators. This was especially evident under the Biden administration. The Securities and Exchange Commission (SEC) pursued harsh policies, blocking new products such as bitcoin ETFs. This hampered the development of the industry in the country. With the arrival of Trump, investors are hoping for a change of course. The new president has already included supporters of the cryptocurrency sector in his team. Among them are influential businessmen and financiers who are in favor of integrating bitcoin into US reserves. According to experts, such a change in policy can strengthen the country’s position as a leader in the digital economy.
Experts also point to the possibility of the US transition to a new financial model. Since the abandonment of the gold standard, the world economy has existed in conditions of uncertainty. Bitcoin can become the basis for the creation of a modern monetary system.
At the same time, the European Union, as experts point out, lags far behind the US. New initiatives such as MiCA, while important, cannot compete with America’s rapid reforms. Bureaucracy and lack of resources are hampering the development of the crypto industry in Europe. Trump’s victory symbolizes an important turning point for the crypto industry. Even if only part of the promised changes are implemented, it will already provide a new round of development for bitcoin and the entire digital economy. However, there are still serious challenges ahead that will have to be overcome.
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