Key Points
- The US Supreme Court has allowed Donald Trump to potentially run for the 2024 presidential election.
- Anthony Scaramucci emphasized the potential impact of President Joe Biden’s policies on the crypto market.
The Wall Street Journal recently announced that Donald Trump could potentially be a contender in the 2024 presidential race, as his name has been reinstated on the ballot in Colorado.
This announcement coincided with a significant event in the financial world – the surge of Bitcoin [BTC] prices to $67,000.
Impact of Presidential Policies on Crypto Market
Anthony Scaramucci, a notable figure in finance, emphasized the potential influence of President Joe Biden’s policies on the crypto market and the broader financial landscape.
Scaramucci stressed the importance of preserving democratic institutions and the rule of law while acknowledging Biden’s efforts.
He warned Bitcoiners about the risk of having a leader who wants to dismantle the democratic institutions and the separation of powers in the constitution.
Crypto Markets Anticipate Confidence Surge
With Trump’s ballot clearance secured, the crypto markets anticipate a surge in confidence, reflecting the desire within the community for a leader supportive of decentralized currencies.
Scaramucci, however, advocates for a president who upholds traditional societal structures, foreseeing potential benefits for Bitcoin amid regulatory processes.
Scaramucci expressed concerns over Trump’s intentions, particularly his perceived threats to press freedom by seeking to revoke FCC licenses of critics.
As the 2024 US Presidential election approaches, Trump leads slightly in polls over Biden. However, uncertainties persist in the crypto community about Biden’s regulatory stance, raising concerns about its impact on innovation and industry growth.
The sector remains vigilant as candidates’ positions on digital assets become crucial. The election’s outcome could shape cryptocurrency markets for years to come.
