How Joe Biden's exit affects the Bitcoin market

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The cryptocurrency market is extremely sensitive to political and economic changes, especially in the United States.

Recently, Joe Biden's withdrawal from the presidential race had a significant impact on the value of Bitcoin and other cryptos, highlighting how political events can influence digital financial markets.

Biden's departure and the impact on the market
Joe Biden's decision not to run for re-election has sparked a surge in Bitcoin's value, following a positive move on Wall Street.

This phenomenon can be explained by investors' perception that Biden's departure india phone number library could thus bring a more favorable administration.

This is because, during his term, Biden adopted a cautious stance towards cryptocurrencies, emphasizing the need for regulation to prevent fraud and protect consumers.

Possible substitutes and their views on cryptocurrencies
With Biden out of the race, attention therefore turns to possible Democratic candidates, such as Kamala Harris, Gavin Newsom and JB Pritzker.

While Kamala Harris has yet to clearly express her stance on cryptocurrencies, Gavin Newsom, the current governor of California, is known to be supportive of blockchain technology and cryptocurrencies.

Illinois Governor JB Pritzker also has a positive track record when it comes to technological innovation, suggesting a possible opening for pro-cryptocurrency policies.