BitMEX founder Arthur Hayes says it doesn’t matter to the crypto trade who wins the upcoming presidential election.
Talking on the Token 2049 occasion in Singapore, the Maelstrom CIO says that he doesn’t consider Republican presidential candidate Donald Trump is being real when espousing pro-crypto stances.
“I don’t perceive why crypto bros and gals are so pro-Trump as a result of Trump was president for 4 years and he did [nothing] and so now he needs a bunch of crypto donations?
He says the precise issues out of his mouth, launches some DeFi (decentralized finance) [garbage] or no matter he’s doing and unexpectedly individuals are like ‘oh yeah you had been president for 4 years, you had all this chance to do all these items, and you probably did nothing. Unexpectedly you’re going to do one thing now? I don’t assume so.’”
And on the subject of Democratic nominee Kamala Harris, Hayes says that she and her aspect of the aisle have been constantly “hostile” towards the digital belongings trade.
He additionally notes how an explosion of progress occurred for Bitcoin (BTC) with none assist from regulators.
“The Democrats and their administration has been hostile to crypto. My level is, who cares? It doesn’t matter. Bitcoin went from zero to a $1-2 trillion market cap with no regulatory readability or assist from any authorities regulators.
We don’t want them. Why grovel to those folks to beg for scraps off of the desk? Proceed constructing the stuff that you ought to be constructing…
So it doesn’t matter on the finish of the day as a result of the Republicans within the US are going to chop taxes with out slicing spending so the federal government deficit widens after which the Democrats are going to have extra welfare funds and the federal government deficit widens.”
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Examine Price Action
Observe us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Each day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses you could incur are your accountability. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please be aware that The Each day Hodl participates in affiliate internet marketing.
Featured Picture: Shutterstock/Vadim Sadovski/Fotomay
