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Top 5 Presidential Candidates Thoughts About Bitcoin

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The cryptocurrency space is growing larger and has more impact on our everyday life with each new year. Despite the low prices and market crashes in 2018, the situation on the market seems to be taking a turn for the better, especially after a new surge that started on February 8th. However, as we progress through another year of cryptos’ fight for survival and adoption, the 2020 US Presidential Elections continue to approach.

With that in mind, it might be worth knowing what the current major Presidential candidates think about the crypto space, and Bitcoin (BTC), in particular. Of course, no one can know who will get elected and whether the next US President will be a crypto investor or someone who will have no problems with imposing even stricter regulations that might limit the market’s potentials.

Even so, we can at least see what they had to say about the crypto industry, and form some sort of expectations regarding the future based on that. It should be noted that the list does not include every candidate, only the major ones, and those who decided to take a notable stance towards Bitcoin.

1) Cory Booker

Let’s start with the Democratic candidates, the first of which on our list is Senator Cory Booker. Unfortunately, Sen. Booker did not reveal what his thoughts are on Bitcoin and the crypto industry, even though he sits on the Senate Commerce Subcommittee on Communications Technology, Innovation, and the Internet. While there is still a long way to go before the elections, and he might reveal his stance at some point during that time, right now he remains distant from the issue.

2) Tulsi Gabbard

Next, we have Representative Tulsi Gabbard, who has yet to reveal her formal thoughts on the crypto space. However, it is known that she invested in at least two coin — Ethereum (ETH) and Litecoin (LTC) — during the crypto hype. It has been a while since then, and the crypto space suffered a lot of damage, which may have changed her opinion about cryptos. It is also unknown whether or not she still holds the coins she invested in before, but at some point at least, the representative from Hawaii was definitely interested in digital coins.

3) Elizabeth Warren

Now, when it comes to Senator Elizabeth Warren, we do have an opinion on crypto, although it is not a bullish one. Senator Warren has criticized the crypto space in the past, and she stated that the regulators should do more in terms of overseeing the crypto space. The Senator remains concerned that the unpredictable and volatile assets might end up damaging retailers, and that consumers will get hurt as well. She is also known for being particularly skeptical when it comes to ICOs (Initial Coin Offerings), believing them to be a scam right from the start.

4) Donald Trump

Stepping away from the Democratic candidates, let’s see what the situation is like among the Republicans. The current US President, Donald Trump, has never addressed the crypto issue by providing his own thoughts on the matter. However, several members of his administration (current and former alike) were bullish on the digital currency space. White House Chief of Staff, Mick Mulvaney, for example, compared Bitcoin to USD back in 2016, praising the coin and claiming that it cannot be manipulated by any government.

Another crypto bull from the Trump Administration is a former White House adviser, Steve Bannon. He even revealed that he actually owns a certain amount of BTC and that he wanted to launch utility tokens. The Trump transition team’s Peter Thiel, who is also a billionaire venture capitalist, stated multiple times that Bitcoin is digital gold, and he even invested in several blockchain projects.

Then, there are White House Press Secretary, Sarah Huckabee Sanders, and the US Treasury Secretary Steven Mnuchin, who had less praise for BTC and more concern, stating that the cryptocurrency is being monitored.

While there are no Republican candidates willing to stand against Donald Trump in the 2020 Presidential Election race, there are some third-party candidates whose views on crypto might be interesting, just like their campaigns.

5) John McAfee

John McAfee has had a colorful life, and his latest interests revolve heavily around Bitcoin and the crypto industry. It is well-known that no other candidate is more bullish on Bitcoin than McAfee, who even claims that Bitcoin will hit the price of $1,000,000 by 2020. McAfee has attempted to run for the US President before as well, and his new campaign has attracted additional attention as he plans to run it from international waters, due to the fact that he is on the run from the IRS.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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