fter the fierce election race in the USA, the result brought Democrat Joe Biden to the post of president of the world's largest economic power for the next four years.
Look this: Joe Biden: "America is back"
In theory, the election of a president, of whatever country, should not directly influence the price of bitcoin, as it is an asset that is not directly correlated with any economy.
However, in practice, there is a certain relationship between the asset price and the global macroeconomic scenario. The US presidential election is usually followed by a bullish move by the BTC.
Speaking of the current scenario, let's first talk about Biden's position regarding bitcoin, which is null. The Democrat, who will take office in January next year, has never commented on bitcoin or any type of digital asset that uses blockchain.
A priori, it is not possible to judge whether Biden's silence on crypto is positive or negative. However, your opinion regarding digital assets and blockchain should be charged at some point, even before taking office.
That said, let's look at some points regarding Joe Biden's ideological bias and how it can affect, at a second level, the purchase or sale of bitcoin by US citizens.
The first point to be noted is the shaking of the capital markets with the rise of a candidate more focused on social issues and, therefore, less focused on large local companies, as was Donald Trump.
Second, what concerns big companies - mainly in the technology sector - with the election of Joe Biden, is the proposal for a change in tax policy.
The president-elect has already openly said - and made it the flagship of his campaign - that he intends to increase the tax burden on holders of large fortunes and, consequently, on large companies - of all listed companies.
The impact on the stock price and on the market indexes must come before the reflection materializes in the cash of the companies.
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