As being a stable part of the gambling world what will be the future of cryptocurrencies?
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By and large the future of cryptocurrency will depend on who wins the US presidential election. If's its Trump, the crypto boys are safe. If it's Kamala, things may get a little too tight
It will be interesting to see the fate of cryptocurrency after the US election.
@hildaw What do you think that Kamala Harris will do about cryptocurrency if she becomes president? The most obvious thing to me is more regulation. I can't see her banning the use of crypto as some countries have done but she may want to try and generate tax revenue from it.
I don't think that it is cut and dried if Trump wins he will not look at changing the crypto environment either.
@graham The right has been vocal about the government keeping off cryptocurrency. I agree with them. Crypto should be left as it is and self-regulate. If Trump does win and recedes on this, he will lose a significant portion of his political base. This is the Elon Musk segment and fanboys. That core is solid, and it will be political suicide to piss them off if he tries to turn around and pass regulation on cryptocurrency.
If Kamala wins, she will make sure the cryptocurrency regulations are passed. Sadly, government regulation never favors the people, and it will create an additional layer of bureaucracy that crypto has already bypassed. To enforce the bureaucracy, they will prop up crony capitalism and have their companies implement those laws. Whatever laws will come up will not be pro-people. More so, they will negate the whole purpose of cryptocurrency which was to bypass the bureaucracy of the fiat monetary system to start with.
A trump win= a win for bitcoin investors and most cryptocurrencies
