Bitcoin is Now in the Political Spotlight, Not Having BTC Could Be a Big Risk!

Bittime - Bitcoin is now not only of interest to investors, but is also increasingly considered important in the world of politics. Especially after Donald Trump's victory in the 2024 US election, Bitcoin's position in the political arena is getting stronger. 

According to the New York Digital Investment Group (NYDIG), Bitcoin will become important in political decisions, and there are huge risks for those who do not own this asset. Read this article to find out more!

Bitcoin Becomes a Political Interest in the US

According to NYDIG, the victory of Donald Trump and the Republican Party has had a positive influence on the crypto industry, especially Bitcoin. Greg Cipolaro from NYDIG stated that Bitcoin is now not just an investment option, but a political necessity. 

With support from pro-crypto Republicans, Bitcoin's position in the US may become even stronger. Many Republicans support bills that facilitate the crypto industry, especially Bitcoin.

Read Also: Vitalik Buterin Introduces Info Finance as the Future of Ethereum, What is the Potential? 

Risks for Investors Who Don't Own Bitcoin

For investors who have not yet invested in Bitcoin, Cipolaro provides a serious warning. He mentioned that not having Bitcoin could be a hindrance in the future. 

According to him, ignoring Bitcoin at this time could be financially detrimental, especially as this digital asset is becoming more widely accepted. So, there is no reason not to own Bitcoin. 

With Bitcoin prices continuing to rise, many investors are starting to consider adding this asset to their portfolio.

Bitcoin Price Increase After Trump's Victory

Meanwhile, Bitcoin recorded significant gains this year, with its value surging by 84% and reaching nearly $82,000 after Trump's victory. 

Support from the Republican Party, which now has the potential to control the US government, has also strengthened Bitcoin's position in the market. 

This suggests that the positive trend in the crypto market may continue, especially if pro-crypto policies are increasingly supported by the new Trump administration.

Pro-Crypto Regulation Under the Trump Administration

One of the big impacts of Donald Trump's victory is the possibility of major changes in crypto regulations. Trump promised to fire SEC Chairman Gary Gensler on his first day in office. 

Under Gensler's leadership, the SEC launched multiple lawsuits against crypto companies. Cipolaro predicts that this change in leadership could change crypto regulations.

For example, the SEC may try to settle legal cases with these crypto companies or even stop lawsuits that are deemed irrelevant to the public interest.

Regulations which is friendlier to digital assets, will certainly accelerate the adoption of crypto in the traditional financial system.  

Read Also: Palapa Token Wants to List, Find Out About PLPA's Tokenomics and Roadmap Here! 

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Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.