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President Biden Doesn’t Love Cryptocurrency Investors
A little over a year ago, President Joe Biden told government agencies to understand cryptocurrencies. As government agencies are still trying to figure out the best use case of crypto, the president is trying to push through another policy against cryptocurrency investors.
You see, the big news right now is the government debt crisis that could emerge if Biden and the Republicans don’t come to some type of agreement. Each side is at a standstill.
The last time there was a chance of a government risk of default was in 2011 under Biden’s previous boss, President Barack Obama. Maybe Biden was trying to work out that deal as well.
Either way, Biden is facing another default crisis while he is currently president.
- If the government defaults, the stock market will crash
- Likewise, the cryptocurrency market will crash
All the news will force the market crash and make everything sound worse than it really is. Realistically, the government could easily print more money, so there isn’t really a big issue.
Of course, on the world stage, this would not look good at all. This has the possibility to hurt America’s…
