Crypto's Future: Is It Independent of Politics?
USAFri Nov 15 2024
Advertisement
Everyone's talking about how a Trump presidency might affect digital assets like Bitcoin. But guess what? Some experts say it won't make a huge difference. Crypto is apolitical, meaning it's not really influenced by who’s in charge. Investors are hopeful a Republican government could foster growth, but the long-term outlook would remain the same.
Big news is, Bitcoin's price has jumped 30% since election night. Some financial analysts predicted this would happen no matter who won. Falling interest rates are helping too, as they make riskier investments like crypto look more attractive.
Bitcoin ETFs are in high demand, managing over $50 billion in just under a year. But crypto investors think there's still a lot more potential. Most investors fall into three groups: industry professionals, active traders, and what we call "five percenters" – regular folks who want a small slice of crypto in their portfolio.
While access has improved thanks to online brokers and ETFs, crypto still isn't as easy to own as stocks or mutual funds. Experts think a clear regulatory framework from the U. S. government could really help more people invest in crypto safely.
Some hope a Republican government could lead to better regulations and more crypto products. Maybe something like Europe’s MiCA framework could make things easier. But it's all about making sure people can invest in a safe and legally sound way.
https://localnews.ai/article/cryptos-future-is-it-independent-of-politics-c6c12b0
actions
flag content