Trump vs Biden, who's better for Bitcoin and crypto?

The two candidates - President Donald Trump and Joe Biden - go head-to-head in November, and while cryptocurrencies do not feature as part of their campaign topics; their stances on the technology will pave the path for the legal regime around crypto for the next four years.

Trump is known to not particularly be a supporter of cryptocurrencies.

"I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air," he said at the time.

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.

According to Zenledger, a tax tool for cryptocurrencies, Trump proposed handing over control of cryptocurrency criminal investigations to the Secret Service as part of a $4.8 trillion budget proposal.

Trump's tweet did not go well in cryptocurrency circles; with most focussing on how US dollars are similarly used to conduct illicit trade and can be "Printed" from thin air as well.

Some in the industry stated the fact that Trump commented about cryptocurrencies at all was a major point.

While there is no record of Biden speaking publicly on Bitcoin and crypto, his actions serve clues.

Considering younger Americans are investing big into gold and cryptocurrencies, Biden can tap a big voter base with comments on the broader crypto industry.

In conclusion, Trump has held a negative view of cryptocurrencies; with no indication of changing those points soon.