Bloomen Opinion columnist Cowen, bitcoin price statement made about the victory. According to Bitstamp prices, BTC rose to $ 13,880 this week after declining to $ 3,122 in December 2018.
Many events have an impact on this situation. US-China trade war, Facebook's Libra, geopolitical risks in the Middle East and elsewhere.
Despite this, there is another suspect emerging from these ranks: Elizabeth Warren.
Actually, it's not just Elizabeth Warren. Indeed, almost all of the Democratic party, or at least we see it on Twitter.
Cowen's article:
The US Democratic Party continues to shift to the left, including the possibility of asset tax. As America's fiscal deficits increase due to the Republicans, a long time will be needed to restore fiscal consistency. Presidential candidate Elizabeth Warren: in particular, therefore argues that the wealth tax should be 2% (over $ 50 million).
Many wealthy Americans are not very polite to this wealth tax. Is this an easy solution? Especially for an uncensored being like Bitcoin who ignores international borders.
Large cryptos to help vulnerabilities in financial borders
It is not surprising to see that Cowen, who is liberally inclined, targets fiscal policies.
Nevertheless, Tyler Cowen said that both budget deficits and demand for Bitcoin for future tax hikes would increase, and reversing these deficits would raise them without thinking about what happened to federal programs.
Ne It doesn't matter what you think of the idea, it will likely increase the demand for Bitcoin and other crypto assets, because crypto currencies are a great way to store potentially out of reach of many tax authorities.
In essence, the higher Bitcoin price tells us that the ease of financial payment will be difficult to come by and that the rich will not give up their assets without fighting.
Here it is: A Warren's presidency can represent the best scenario for Bitcoin.