Part 2/8:
The excitement surrounding Bitcoin primarily stems from the political shifts in the United States, particularly following the recent presidential election. With Donald Trump reclaiming the presidency, his proposals—such as eliminating capital gains taxes on cryptos issued by American companies—have positioned him as a pro-crypto figure. For the first time, major candidates openly debated cryptocurrency topics, which marks a significant leap in mainstream acceptance of digital assets.
As many in the crypto community hope, Trump’s administration may foster a more favorable regulatory environment for cryptocurrencies. His rhetoric suggests an intention to build a strategic reserve of Bitcoin, possibly leading to unprecedented developments in the regulations governing digital currencies.