he question now is where Biden’s ascension to the Oval Office leaves Bitcoin. Will the presumed Democratic president-elect adopt a less hostile attitude toward digital assets than Donald Trump, who publicly declared that he was “not a fan” of cryptocurrencies? And will his new administration pursue a central bank digital currency (CBDC) with greater urgency than the U.S. Treasury under Steven Mnuchin, who said a digital dollar wasn’t needed until 2025?
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Breaking: Bitcoin shoots past $15K
With the broader markets encouraged by a presidential election coming to a calm close, Bitcoin rose more than $1,000 in a day
Bitcoin surged past $15,000 today, quickly breaking first $15,100 and then briefly $15,200 on a bull run that began below $14,000 on Nov. 4. The surge came as the U.S. waits for news of the presidential election, which is increasingly looking like Democrat Joe Biden will squeak out a narrow win over President Donald Trump, but that Republicans will maintain control of the Senate—a divided government that will likely mean a quick stimulus package and moderate tax increases.
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Markets Report: Bitcoin batted away from $14,000 as Trump vs. Biden dawns
A testing week for macro markets begins with Bitcoin lurching towards $13,000, amid warnings of lower levels still
Bitcoin passed $14,000 for the first time since 2018 this weekend, with October seeing the second highest monthly close on record. The only narrative coming from America this week is the outcome of the presidential elections, which are rumored to already have produced record turnout.
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CEO of ‘apolitical’ Coinbase shares blog post about voting for Kanye West
Brian Armstrong is being accused of hypocrisy for his now-deleted tweet after announcing an apolitical policy that caused dozens of staffers to resign; Ethereum creator Vitalik Buterin came to his defense
In a move that will likely infuriate staffers further, Coinbase’s CEO Brian Armstrong has already violated the no politics policy that he was insistent on enforcing.
