Grayscale CEO: Bitcoin Doesn’t Care Who Wins The Trump-Biden Contest

Grayscale CEO: Bitcoin Doesn’t Care Who Wins The Trump-Biden Contest
фото показано с : zycrypto.com

2020-10-31 09:38

The upcoming US Presidential elections have attracted attention from the world over, even capturing the crypto market. The crypto space, especially the Bitcoin community has closely watched the battle between the two presidential candidates, Donald Trump and Joe Biden.

This is despite the fact that most experts believe that the outcome of the election is highly unlikely to affect Bitcoin. If anything, it could add some more fuel to the pioneer crypto already setting course for the moon. The latest credible expert to throw weights behind this opinion is Grayscale’s CEO, Barry Silbert.

Printers Will Still Go “BRR”

Barry was fronting his opinion in support of Grayscale’s recent report after study covering various crypto aspects, with special attention to Bitcoin. In a tweet, Barry opined that the outcome of the election won’t stop the government from printing more money and fueling the increasingly worrying inflation rate. 

In better terms, Barry says that neither of the two candidates is likely to stop the printing of money, and that’s all Bitcoin cares about. In such a scenario, Bitcoin wins regardless of who gets elected as the next POTUS. 

Bitcoin Is Doing Great In 2020

Grayscale’s report reveals that Bitcoin has been on a good trend for the better part of 2020, meaning that the tensions caused by the election aren’t really affecting the BTC market negatively. Compared to 2019, Bitcoin is doing better in 2020. In 2019, only 36% of US-based investors showed interest in adopting Bitcoin. In 2020, that percentage has shot up to 55%.

This positive trend can be attributed to increasing mass awareness among potential investors. More people now know about Bitcoin than in previous years. Also, the high conversion rate from interested investors to actual Bitcoin investors has taken the crypto to the masses. In 2019, the BTC market in the US had around 21 million investors. In 2020, it’s a cool 32 million investors. This trend in 2020 seems to also ignore the hyped elections. 

Bitcoin As A Safe Haven

Another factor fueling BTC is the increasing belief that the crypto has qualified as a safe haven in light of the fiat inflations as a result of the continued printing of fiat currency.

Even big institutions like Grayscale has gone on a buying spree, bringing serious money into the Bitcoin market.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.008293 (-100%)

presidential bitcoin crypto watched closely especially market

Источник: zycrypto.com

presidential bitcoin → Результатов: 126


Presidential Candidate Robert F. Kennedy Jr. Embraces Bitcoin Donations and Unveils Crypto Strategy

In a bold move, presidential candidate Robert F. Kennedy Jr. has declared his campaign’s acceptance of Bitcoin donations, making it the first in American history to do so. During his address at the Bitcoin 2023 Conference in Miami, Kennedy highlighted the significance of this decision and presented his vision for a future where cryptocurrencies play […] Сообщение Presidential Candidate Robert F.

2023-5-22 14:43


Interview with Brock Pierce, Chairman of Bitcoin Foundation and candidate for President of the USA

Now not only the United States, but the whole world is frozen in anticipation of the presidential elections in America. Analysts predict how the market will react to the victory of each of the candidates, politicians are preparing for a change in the political agenda, and economists are calculating the behavior of the global economy. […]

2020-10-28 23:42


A $13,500 Bitcoin Looks Inevitable as Price Fixes “Overbought” Worries

A combination of supportive fundamental and technical catalysts are pointing towards an extended Bitcoin bull run. The BTC/USD exchange rate kicked off the new week in positive territory on signs of institutional adoption, lower sell-off sentiment, and the global market uncertainty over the second coronavirus fiscal aid and the November 3 presidential election. The pair […]

2020-10-26 16:38


Bitcoin Fundamental Expert: “Clarity” Comes After “Rocky” Election Ends

An expert in Bitcoin fundamental analysis claims that although the cryptocurrency is bullish currently, things could get “rocky” until after the US Presidential Election concludes. But as soon as the winner is chosen,  the “clarity” combined with the asset’s halving has in the past provides “solid” foundation for each new bull run to begin. Bitcoin […]

2020-9-24 04:00


Фото:

Jim Rogers Predicts End of Dollar Dominance as US-China Tensions Escalate

Renowned investor Jim Rogers believes that the U.S. dollar dominance is coming to an end as the tensions between the U.S. and China mount. The growing national debt, the protests, the political uncertainty surrounding the presidential election, and countries seeking a USD alternative in fear of sanctions will take a toll on the dollar, he […] The post Jim Rogers Predicts End of Dollar Dominance as US-China Tensions Escalate appeared first on Bitcoin News.

2020-9-9 21:15


McAfee Attacks Bitcoin Again, Calls it An ‘Old and Worthless Coin’; Downplaying His $1M Bet?

John McAfee, the antivirus tycoon, and fugitive presidential candidate has been known as the controversial king mainly because of his lifestyle and bold tweets. Once a big-time Bitcoin proponent who claimed that Bitcoin would reach a value of $500,000 dollar per coin, but lately, he has been launching scathing attacks against bitcoin. In response to […]

2020-7-20 18:07


Фото:

Justin Amash Reveals Third-Party Presidential Bid: Pro-Bitcoin Libertarian Candidate Targets Trump’s Seat

U.S. President Donald Trump now has an unexpected challenger as the independent congressman from Michigan, Justin Amash, says he plans to run as a Libertarian candidate in the 2020 election. Besides John McAfee and Adam Kokesh, Amash is also a pro-crypto candidate, a believer in free markets, and has spoken positively about bitcoin seven years […] The post Justin Amash Reveals Third-Party Presidential Bid: Pro-Bitcoin Libertarian Candidate Targets Trump’s Seat appeared first on Bitcoin News.

2020-5-1 02:45


Фото:

South Korean Authorities Formulate Legislation to Boost Mainstream Bitcoin Adoption

South Korea’s Presidential Committee on the Fourth Industrial Revolution (PCFIR) is advocating that the Korean government makes cryptocurrencies mainstream by introducing friendly regulations that will help to integrate distributed ledger technology (DLT) powered digital assets into the traditional financial world, according to an Ibtimes report.

2020-1-8 18:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Turns Green: Poised for a Major Upswing

Bitcoin price started a fresh increase above the $70,000 resistance. BTC is showing positive signs and might rise further above the $72,000 resistance in the near term. Bitcoin started a decent increase above the $69,500 and $70,000 resistance levels.

Bitcoin Price Gains Momentum: Bullish Surge Ahead?

Bitcoin price found support at $67,000 and started a fresh increase. BTC climbed above $69,500 and might continue to rise in the near term. Bitcoin started a decent increase above the $68,500 and $69,500 resistance levels.