Bitcoin & Politics: Why I’m BULLISH For 2021!!πŸ’‰

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πŸ“Ί Videos πŸ“Ί

Institutional Buying πŸ‘‰ https://www.youtube.com/watch?v=3KkLtvxlmeg
Corporate Buying πŸ‘‰ https://www.youtube.com/watch?v=JYd1khX3loA
Post Lockdown Inflation πŸ‘‰ https://www.youtube.com/watch?v=lUM5uN5XsFU
Framework DOJ πŸ‘‰ https://www.youtube.com/watch?v=r-ksQLS6uQM

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– TIMESTAMPS –
0:00 Intro
2:15 Contentious Election
3:52 Senate Fight
5:11 GOP Senate & Biden
8:25 Dem Senate & Biden
11:04 Pro Crypto Cabinet?
16:05 Vaccine & Bitcoin
20:07 Final Thoughts

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⛓️ πŸ”— Helpful Links & Sources πŸ”— ⛓️

β–Ί Open Secrets Biden: https://www.opensecrets.org/2020-presidential-race/joe-biden/contributors?id=N00001669
β–Ί Gary Gensler Op-ed: https://www.coindesk.com/even-if-a-thousand-projects-dont-make-it-blockchain-is-still-a-change-catalyst
β–Ί Pfizer Vaccine: https://www.cnn.com/2020/11/09/health/pfizer-covid-19-vaccine-effective/index.html
β–Ί Andrew Yang Bitcoin: https://decrypt.co/18057/7-times-andrew-yang-has-spoken-about-bitcoin
β–Ί Split Congress Markets: https://www.cnbc.com/2020/11/05/the-stock-markets-best-returns-have-occurred-under-democratic-presidents-with-a-split-congress.html
β–Ί Fed Balance Sheet: https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
β–Ί Joe Biden Policy: https://joebiden.com/joes-vision/

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βš”οΈ Contentious Election βš”οΈ

Although the outcome may have been challenged, it appears as if Biden has won the presidency. it does seem as if the worst potential outcomes appear to have been avoided. Financial markets seem to be be rallying as there is more certainty about an outcome than there was just prior to it.

πŸ‡ΊπŸ‡Έ Senate Control πŸ‡ΊπŸ‡Έ

In order for Biden to get his policy through, he needs control of the Senate. This means that the democrats will have to win the January runoff election in Georgia.

If they do not win then there is likely to be a split congress which means that Biden won’t be able to do much on the fiscal stimulus side. This will mean that the Fed will have to step in with more of that money printing policy. This could lead to inflation and hence demand for Bitcoin.

Alternatively, if Biden does get the Senate then this means that he can push through an ambitious spending package on the fiscal side that can help to bolster the economy. However, there will be less money printing and hence less demand for Bitcoin.

If he is also able to get his tax increases through then this means that the wealthier Bitcoin hodlers would have to think twice before investing in Bitcoin. This is because of the fact that you have increased capital gains tax.

πŸ—„ Biden Cabinet πŸ—„

Andrew Yang was one of the most pro crypto democratic presidential candidates. He actively made the case for more regulatory clarity, eschewed the benefits of blockchain tech and even took Bitcoin donations.

So, having someone like this working with Biden is no doubt a plus. Oh, and it should also be noted that Yang will also be heading to Georgia to help the Dems win the senate – no doubt that could put him on a solid footing if they do manage to pull something off there.

There was a much stronger proponent that could be a Biden apointee and that is Gary Gensler. Gensler is a professor at MIT who has given numerous lectures on Bitcoin and blockchain technology.

There is also further evidence that Biden could be more pro Bitcoin and that is the fact that the FTX CEO, Sam Bankman Fried, donated $5m to the Biden campaign. It also means that he will have Biden’s ear which could mean more favourable crypto regulation.

πŸ’‰ Vaccine Incoming πŸ’‰

If there is a Vaccine it means that people will be able to go back to their normal lives and this will mean a whole host of pent up demand being met. This will mean that you will have a lot more money that will be chasing limited goods and this is demand pull inflation.

If there is hyperinflation then people will be looking for those inflation hedges. There are quite a few out there however the best include Bitcoin. As more people will be demanding Bitcoin this could lead a massive rally in the price.

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πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #Election #Biden #crypto #trading #blockchain #trump #senate #inflation

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