What will the bitcoin space possibly look like after Trump's probable victory?
- Harry Gensler will be fired. A new crypto-friendly SEC chairman will be appointed.
- Ross Ulbricht will be released.
- Miners will receive support and economic relief
- Investments in Bitcoin and its ecosystem will increase
- Oil production will be increased, which will lead to lower prices for oil and energy. This will contribute to the production boom.
- Financial markets will grow thanks to conservative pro-market policies and potential tax cuts. This will also support the price of Bitcoin.
- Trump is surrounded by a strong team of libertarians and supporters of the free market. Also, in his team there are people who are against the war and for Bitcoin.
All this is positive for the global economy and Bitcoin.
The negative point is the increase in tension in relations with China and the inevitable introduction of tariffs, which will weaken trade. That is why the Chinese yuan is already starting to weaken against the US dollar.
However, even this can lead to the strengthening of Bitcoin, since China will have no choice but to go for even more large-scale stimulation of its economy, which is a positive moment for Bitcoin.