Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon are trying to push.
You have to remember that Trump is not in office yet, so whatever you heard is just people's speculation.The situation with regulations is not going to change much in my opinion. The US government will continue trying to add more restrictive regulations and increase its surveillance and control which is something that never changes with presidents.
As for a new shitcoin, there is a high chance some opportunists like Musk will try to create their own shitcoin and being a celebrity they will be able to raise millions of dollars and add that to their wealth.
That has nothing to do with Bitcoin nor will it affect it. What they'll create and push would be like tens of thousands of other shitcoins that were created over the past decade and pushed by many scammers.
I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?
Zoom out and you'll see bitcoin has been on the rise for a long time and it does not need a centralized authority in some country on the other side of the world to rise! The only thing Trump winning election did was to give bitcoin that little push to get past one of the major resistance at $70k and when it was broken the rest was like all previous rallies, the money just flows in.The other major contributor is the interest rate cuts in many countries including USA that helps inflation go up and recession go down which is a major contributor to bitcoin price rise.
