How will Joe Biden’s leadership affect the cryptocurrency world?

On Saturday 7 November, Joe Biden was elected as the 46th President of the United States and now, he is on the home stretch to become the new resident of the White House at the end of January 2021. It was a week full of excitement for the global economy. The former vice-president surpassed the required 270 electors that needed in order to win the presidency. The new leader didn’t make any statements about Blockchain through his campaign, which is something that his supporters were waiting for. However, the majority of the investors that voted for him, expect him to advocate for the cryptocurrency field.

Is Joe Biden willing to move Blockchain industry one step forward?

Many experts –analysts are now wondering what will be the impact of a change in the leadership for the Blockchain industry. What we know for sure is that, the incumbent president, Donald Trump does not support Cryptocurrencies as he stated in public.

On the other hand, the Democratic leader didn’t say much about Cryptocurrencies in the past, which means that it remains as an open question that needs to be answered for his supporters to be complacent. Changing to a democratic administration may bring some prosperity to the industry! The question is: Will Joe Biden bring any positive vibes about Bitcoin and the rest Crypto assets?

The successor president should bring to his team people who are crypto-literates and already have the experience to handle such situations.

At the time of writing, the current BTC price is at $15,182, while the primary cryptocurrency is moving around $15,000 to $,15,600 level. An important thing to mention is that, if BTC somehow make it and jump at $23,000, then it’s going to beat the largest financial institutions of the world.­

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