Donald Trump could be a great ally for Bitcoin.
Donald Trump could be a great ally for Bitcoin today, it should be noted that this has been a very controversial man in recent times, so much is it that his victory in the recent presidential election had led to an air of uncertainty in the world’s economy. The only asset to thrive after Trump’s victory was Bitcoin, strengthening its status as a refuge today.
Last January 20 of the recent year was when Donald Trump took possession of the White House, being the 45th president of the United States. It is not yet known what to expect from the new president in terms of economic matters, there are many discussions about the influence that this would have on the world economy, including Bitcoin, the latter more strength to be one of the most beneficial. There seems to be a consensus in the cryptocurrency community that, whatever Trump’s policy might be, Bitcoin could equally be safe and profitable.
The main reason he is making Bitcoin enthusiasts hopeful about Trump’s presidency is the inclusion of Bitcoin supporters like Peter Thiel and Mick Mulvaney in his team. These two men are have been very successful in the different businesses they own. Peter Thiel is PayPal’s co-founder, is a Bitcoin enthusiast and has invested in various businesses related to the cryptocurrency. Thiel is a part of Trump’s transition team and has two of his contacts listed as the new head of the Food and Drug Administration: Jim O’Neill and Balaji Srinivasan.
On the other hand is Mick Mulvaney, who is the designated director of the Office of Management and Budget under Trump, is even more important as a representative of the cryptographic community because he is more outspoken about Bitcoin, Blockchain technology and cryptocurrencies in general. He is also one of the founders of the bipartisan chaos Blockchain, a program designed to educate Congress about Bitcoin and Blockchain technology.
The new president, Donald Trump, is expected to accept the shifting of some digital coins, although that it does not mean that he supports or backs them up at all. In another vein the new government is defined as a destabilizing global force because of its stance and economic systems after Trump’s victory, uncertainty can cause people to accumulate assets such as Bitcoin and gold, both considered as a protection against global and national uncertainty. Which will only lead Bitcoin prices to skyrocket, making investors very happy.
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