Unchained Why Bitcoin Now: Bitcoin Under a Biden Administration - Ep.198
Nov 10, 2020
Join Dan Tapiero, co-founder of 10T Holdings, and Cathie Wood, CEO of ARK Invest, as they analyze Bitcoin's future under a Biden administration. They dive into how political transitions might influence Bitcoin prices and regulations. They also explore the possible shift in attitudes from gold investors toward Bitcoin. The duo examines the impact of the pandemic on financial markets and Bitcoin’s role as a safe haven amid uncertainty. Additionally, they discuss Federal Reserve policies and the emergence of central bank digital currencies that could reshape the crypto landscape.
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Bitcoin Regulation Under Biden
- Regulatory changes under the Biden administration might not significantly impact Bitcoin.
- However, changes at the SEC could create a more crypto-friendly environment.
Election Uncertainty and Bitcoin
- The election uncertainty and likely gridlock benefit Bitcoin and gold due to an uncertainty premium.
- Markets are relieved that Biden's proposed capital gains tax increase seems unlikely, boosting markets.
Brian Brooks and Crypto Regulation
- Brian Brooks at the OCC has been very positive for crypto, understanding industry challenges and government levers.
- Positive OCC moves for crypto were already in the works, indicating broader support within the agency.