After re-election, Trump’s presidency may not be a victory for Bitcoin as some believe. The most likely outcome is increased regulation, such as KYC and AML, and more scrutiny on miners as Bitcoin becomes more prominent on the global political stage. Additionally, there is a risk of more attacks on Bitcoin’s privacy and on exchanges, as they may be pressured to engage in invasive surveillance of their users to combat illegal activities.
Trump’s actions on cryptocurrencies could push Bitcoin towards stagnation and capture, rather than supporting its growth and independence.
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<p>The post Trumps Re-election: A Mixed Bag for Bitcoin and Cryptocurrencies first appeared on CoinBuzzFeed.</p>
