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The prospect of Donald Trump being re-elected in 2024 could give Bitcoin the boost it needed. Analysts at Standard Chartered Bank say the 45th US president’s second term could transform the regulatory environment into a true launching pad for the king of cryptocurrencies.
Wind of regulatory change
Imagine a world where the White House becomes Bitcoin's biggest fan. That's a picture the new Trump administration could very well paint.
The prospect of Mr. Trump, known for his bold decisions, returning to power could mean significant deregulation. who knows? Who knows, maybe you'll see the cryptocurrency market boom with late-night tweets!
Under President Trump, the SEC may change its face and tactics. Will there be fewer relentless lawsuits? Maybe not that often.
After all, a business- and innovation-friendly environment has often been his administration's rallying cry. For Bitcoin, this could mean fewer obstacles and even higher prices.
The impact of these changes is not limited to America's borders. Bitcoin has established itself as a borderless currency and could benefit from fewer obstacles to international expansion.
As restrictions are reduced, the path to more widespread adoption becomes clearer, and its value increases dramatically.
Bitcoin: Beyond the dollar
President Trump has never hidden his skepticism towards certain international agreements and economic blocs such as BRICS. His preference for a stronger dollar could paradoxically benefit Bitcoin, which is used as a means of diversification against the volatility of traditional currencies.
President Trump claims he owns no Bitcoin, but acknowledges its growing influence. In the delicate balance between support for the dollar and tolerance for cryptocurrencies, he could embody a leader unafraid to marry financial technology and politics.
Bitcoin could become the center of monetary policy discussions. Using a less orthodox approach, the regime could use Bitcoin to strengthen the dollar's international standing or, conversely, as an alternative in economic disputes.
The 2024 election may not be a repeat of 2020, but a real turning point for Bitcoin. In President Trump's hands, the regulatory framework could be redefined and Bitcoin could become an important part of the global economy. If past is prologue, the crypto sector may be on the cusp of its brightest days yet. Get ready. Despite the dip, the show is just getting started.
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The appeal of Bitcoin in 2017, creating important documents. This essay aims to revitalize Avance, which is the forefront of transactions and the center of virtual currency. En tant que redacteur, il aspire à fournir en permanence un travail de haute qualité qui reflète l'état du secteur dans son ensemble.
Disclaimer
The views, ideas and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Please do your own research before making any investment decisions.
