Today, it's election day - The U.S. presidential election is coming to an end today. Who from the Trump bloc or the Biden bloc will win? Even though Bitcoin (BTC) has no side, crypto-enthusiasts and Bitcoiners have differing opinions on who will be "the best" in favor of the future of the king of crypto.
Re-election of Trump: an economic revival favorable to Bitcoin?
As part of the elections for President of the United States, Bitcoin Magazine published the results of a poll on the position of Bitcoiners in favor of one or the other of the candidates.
Of the 125 people who responded to the survey, 46.4% indicated that they hoped Donald Trump would be re-elected.
In their comments related to the survey, Trump's supporters cited the fact that he would be best able to stimulate the economy:
"I think asset prices will continue to rise because the economy will improve;
"Trump is more likely to stimulate the economy as a whole, and that will be good for asset prices and, therefore, for Bitcoin;
"If his administration continues to hand out checks, more price spikes will cause Bitcoin and the stock market to rise.
Election of Biden: Health crisis management for a gradual recovery?
Joe Biden's camp, on the other hand, received only 34.4% of the favors of the Bitcoiners - 19.2% preferred neither.
Clearly, Biden is seen by his supporters as the most capable of managing the Coronavirus health crisis:
"Biden will do a good job in solving the current crisis of Covid-19. Eventually the economy will improve, but it will take more time. Bitcoin prices will be less volatile and the increase will be gradual. »
More broadly, regardless of who wins the U.S. presidential election, respondents all seem convinced that in the long run, the value of Bitcoin will eventually increase.
Trump or Biden, it doesn't matter! Bitcoin does indeed seem destined to grow gradually, all around the world. The only thing either one will be able to do is to promote, or more likely slow down (through regulations), the spread and adoption of the king of cryptos.
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