US President Donald Trump's friendly approach to the crypto industry may have been a "red herring or a mirage" for Bitcoin, putting pressure on the price of digital gold, according to Lekker Capital CIO and podcaster Quinn Thompson.
Had Kamala Harris won, the industry would likely have remained under regulatory pressure for years to come. However, in the long term, this could have stimulated higher-quality construction and investment, Thompson suggested.
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US President Donald Trump's friendly approach to the crypto industry may have been a "red herring or a mirage" for Bitcoin, putting pressure on the price of digital gold, according to Lekker Capital CIO and podcaster Quinn Thompson.
Had Kamala Harris won, the industry would likely have remained under regulatory pressure for years to come. However, in the long term, this could have stimulated higher-quality construction and investment, Thompson suggested.