The Future of Politics and Economics: US Elections and the Cryptocurrency Market

In a world where politics and economics are increasingly intertwined, the US presidential election in 2024 and the dynamic cryptocurrency market are in the spotlight. This article explores how these two phenomena could influence the global future.

US Elections 2024

A Defining Race The 2024 elections in the United States promise to be one of the most consequential in recent history. With candidates like Joe Biden and Donald Trump positioning themselves as favorites for their respective parties' nominations, the country is on the brink of a decision that could change its political and economic course. The Super Tuesday primaries have proven to be a pivotal moment, with more than a third of the delegates up for grabs.
Among the favorites to run is former President Donald Trump who has softened his stance on Bitcoin, showing a willingness to accept its use in recognition of its growing adoption. Although he had previously expressed skepticism and called it a “scam,” he recently indicated that he can “live with it one way or another” and acknowledged that many people are adopting Bitcoin. However, he continues to defend the strength of the dollar as his monetary preference and considers the need to regulate the cryptocurrency market.

As for the other candidates, the position varies considerably. Some candidates have expressed critical opinions about cryptocurrencies, while others have shown more openness towards the technology and its potential impact on the economy. It is important to note that cryptocurrencies have become a relevant topic in the political debate, and each candidate may have to clearly define their position on the matter as the elections approach.

The Cryptocurrency Market: An Economic Thermometer

Cryptocurrency regulations in the United States are constantly evolving to adapt to the rapid growth and changing nature of the market. Federal regulators, such as the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation, are working together to establish a “regulatory perimeter” that addresses the risks associated with cryptocurrencies and builds trust in the market.

In 2024, regulations are expected to expand to cover aspects such as combating money laundering and terrorist financing, as well as the conduct of companies operating in the cryptocurrency space. Additionally, it is anticipated that the regulations will be extended to include token sales and improve risk management frameworks and capital and liquidity requirements of financial institutions.

The Securities and Exchange Commission (SEC) is also involved in the regulation of cryptocurrencies, and although specific measures have not been detailed, it is expected that there will be regulatory clarity in the near future. These regulations are critical to protecting investors and maintaining the integrity of the financial system while encouraging innovation and growth in the cryptocurrency sector.

At the same time, the cryptocurrency market has become a barometer of the digital economy. With a global market capitalization exceeding $2.33T, cryptocurrencies such as Bitcoin and Ethereum continue to exhibit volatility that reflects both technological innovation and economic uncertainty.

Crossroads:

Politics and Crypto-Economics The interaction between the US elections and the cryptocurrency market is inevitable. The policies adopted by the next administration will have a direct impact on the regulation of cryptocurrencies, which in turn could affect the global economy. Investors and citizens alike must be attentive to how these two worlds converge.
Although there is no official statement from the candidates indicating explicit support for Bitcoin adoption, there are several factors that may influence its future adoption.

For example, the filing for spot Bitcoin ETFs by companies like BlackRock and the expectation of a Bitcoin halving event in 2024 are indicators of growing institutional interest and could favor Bitcoin adoption1. These factors, along with falling real interest rates, could support Bitcoin's strength in 2024.
In this context, the candidate who could most favor the adoption of Bitcoin would be the one who supports policies that facilitate the integration of cryptocurrencies into the financial system, promote technological innovation and offer a clear regulatory framework that protects investors without stifling growth. of the sector.