James Mackintosh
speaker
379 appearances
7 recordings
1 series
first heard Nov 2017
last heard Nov 2024
James Mackintosh’s voice in public audio — every appearance, attributed to the second.
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Appearances
So it's been subject to these enormous swings in prices.
Obviously, when that's up, that's a good thing for people who own it.
When it's down, that's a very bad thing for people who own it.
Why has the price jumped to record levels just since Election Day?
So people are very excited about what they're calling the first crypto president.
Donald Trump gave a big speech over the summer to a cryptocurrency conference where he came out strongly in favour of cryptocurrencies.
There's two big things.
The first is he said that he would reduce regulation.
So he wants to have regulations made by people who like Bitcoin rather than the current administration, which has been very anti-cryptocurrencies in much of its regulation.
So people are very excited about the idea of easier regulations on cryptocurrencies.
Plus, he said he wanted to create this stockpile of Bitcoin owned by the government.
If the government were to come out and start buying Bitcoin, obviously the price would go up a lot.
Well, I don't think it would do anything to help the US dollar because the dollar's already got backing.
If all that happens is that this stockpile is the existing Bitcoin that have been seized by various law enforcement agencies and they just go into a pile and aren't sold...
then it doesn't do anything at all.
It's neither here nor there really for the dollar.
And maybe it's marginally good for Bitcoin that the US government won't be selling the Bitcoin that it's got.
But it's not a game changer.
If the US were to start going out and buying Bitcoin, again, it depends how they do it.
If people are taxed in order to buy Bitcoin, I think there would be uproar.
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