Ignoring Bitcoin Is  A Huge Risk, Says Analyst, As Trump Election Victory And GOP Wins Signal Shift Toward Crypto-Friendly Policies. 'There Are No Excuses Now.'

2024-11-11 70

Bitcoin's political significance is set to rise following recent election wins by Donald Trump and the Republican Party, per NYDIG’s Greg Cipolaro. He warns investors without Bitcoin holdings to reconsider, as non-ownership could become a financial risk. Bitcoin is up 84% this year, as pro-crypto Republicans secure Senate control and may retain the House. Cipolaro anticipates regulatory shifts benefiting crypto as Trump pledges to replace SEC Chair Gary Gensler. Key regulatory roles may see pro-crypto appointments, supporting banks in offering digital asset services.