Garlinghouse: Reset is coming for crypto after US election

[TomPluz]

The CEO of Ripple Mr Brad Garlinghouse is predicting a big reset of the cryptocurrency industry in the USA after the presidential election scheduled on Nov 5 no matter if it can be TRUMP or HARRIS that can come out as the big winner of this once-in-four-years event.

He also criticized the Biden administration (which by the way includes Harris as his VP for sure) for its bad treatment with the industry as personified by no other than Gary Gensler.

The man must be looking forward for a bright and exciting era that can start on January 20, 2025 when a new POTUS will come in who hopefully will keep his/her words and promises for the industry. Or maybe the reset includes a big bull run in 2025...how I wish that would be, right?

Do you share this man's sentiment?

[target]

The rest could either be good or bad news as each president has different stance to crypto. Kamala doesn't even have plans for it, she doesn't decide for what crypto can offer even if Garlinghouse say she is from Silicon, it don't count.

But Trump have already said his stance to BTC.  Whether he'd keep his words to face the economic crisis or not, crypto will have it's own reset, the bull run should start it's more than 5 months since halving.

[robelneo]

The man must be looking forward for a bright and exciting era that can start on January 20, 2025 when a new POTUS will come in who hopefully will keep his/her words and promises for the industry. Or maybe the reset includes a big bull run in 2025...how I wish that would be, right?

Do you share this man's sentiment?

The guy is just being optimistic, but the truth is we really can't tell if the future of Cryptocurrency is going to be fine in the US even if Trump wins the election, given his reputation of always changing his mind.
And Harris is not really a big fan of cryptocurrency, so there's a possibility that he will retain Biden's policy if ever she wins.
But we all have to be optimistic; whatever the result may be, we have been optimistic ever since, so why not just continue to be so?

[Zed0X]

He criticizes Kamala and he also expects a progressive forward for crypto if she wins the election? I personally do not see that happening. While Trump might not be able to fulfill all his campaign promises when it comes to policies affecting crypto, I think we can trust that he'll fire Gensler once elected.

[Faisal2202]

The man must be looking forward for a bright and exciting era that can start on January 20, 2025 when a new POTUS will come in who hopefully will keep his/her words and promises for the industry. Or maybe the reset includes a big bull run in 2025...how I wish that would be, right?

Do you share this man's sentiment?

It can mean anything he should have shared more on what he thinks really going to reset crypto and what the actual meaning of resetting crypto is? It's not like everything is going to dump once and then will be functioning more properly just like what happens after a normal reset. Or he means all the bloatware (haha means useless, unregistered, scam etc.) projects will be seized by the authorities, and they will give crypto a new and clean look.

Or maybe he think after the election they might make a good comeback by wining the lawsuit against them and if they will win it will be a new start for them too. He can mean anything, I really don't care who wins the election but I am still seeing a great adoption in the crypto industry.

[MrSpasybo]

The man must be looking forward for a bright and exciting era that can start on January 20, 2025 when a new POTUS will come in who hopefully will keep his/her words and promises for the industry. Or maybe the reset includes a big bull run in 2025...how I wish that would be, right?

Do you share this man's sentiment?

I’m also expecting the same thing: a new president will bring about new, more crypto-friendly policies since crypto companies have funded many of the current election campaigns. However, I think the growth of the crypto market will occur before we have a new president because expectations often have a greater impact than the final outcome.

Q4 is the best time for the crypto market to grow and break out of the bearish trend that has been holding back many ALTs. I even expect BTC to reach $100K by the end of this year and an altseason to occur throughout Q1 2025, bringing us to a total market cap of $10T.

[bitterguy28]

The CEO of Ripple Mr Brad Garlinghouse is predicting a big reset of the cryptocurrency industry in the USA after the presidential election scheduled on Nov 5 no matter if it can be TRUMP or HARRIS that can come out as the big winner of this once-in-four-years event.

of course it will be a big event but we do not know yet whether it would be for the better or the worse trump and harris are very different and have very different ideas of how crypto industry should look like even then we do not know if they are actually going to do whatever they are promising during their campaign

regardless yes this election will make an impact but do not expect extremes crypto is not going to crash if one candidate wins and it might also not soar too high if another wins

The man must be looking forward for a bright and exciting era that can start on January 20, 2025 when a new POTUS will come in who hopefully will keep his/her words and promises for the industry. Or maybe the reset includes a big bull run in 2025...how I wish that would be, right?

aren't we all? 

this was very good timing that the election falls just right before we expect the peak of the bull run

[Bobcrypto]

I would have loved this news if mr Brad Garlinghouse explain clearly what he meant by 'crypto reset' because it look like, a probability, that is, a positive or a negative outcomes.
Personally i don't like statements that is not pointing to definite direction when it comes to crypto informations or news. I think the facts remains that whatever the outcome of the elections will be, any of the candidates that wins, the crypto markets will always react to some extent, and whichever directions the market goes, crypto has always absorb the effects, whether negative or positive sides movements.

[Stompix]

People really need to understand what's good for
- oil industry doesn't mean cheap gas at the pump
- food industry doesn't mean cheap food on the shelves
- bank  doesn't mean free money

This guy is talking from his own point of view, from a company position that in a truly decentralized ecosystem like Satoshi envisioned wouldn't even exist!

[miguelr]

I would have loved this news if mr Brad Garlinghouse explain clearly what he meant by 'crypto reset' because it look like, a probability, that is, a positive or a negative outcomes.
Personally i don't like statements that is not pointing to definite direction when it comes to crypto informations or news. I think the facts remains that whatever the outcome of the elections will be, any of the candidates that wins, the crypto markets will always react to some extent, and whichever directions the market goes, crypto has always absorb the effects, whether negative or positive sides movements.

Yes, elections can have an impact, but in the long run, cryptocurrencies are proving to be viable and sustainable.

[yhiaali3]

Personally, I am as optimistic as him that it will be a better environment for Bitcoin and cryptocurrencies after the US elections and the new president wins, regardless of whether it is Trump or HARRIS, I think we will witness a more open climate.

It is true that Trump's victory will be better for crypto in general, but even if HARRIS wins, I think that decision-makers in the United States in general have come to realize the importance of Bitcoin and cryptocurrencies and that they have become a reality that cannot be ignored or stopped, so it is better to benefit from it instead of trying to ban it.

[philipma1957]

I sold some today. I HAVE A sale set for 75k.

We may best 80k by election day.

If we do I we end up selling more.

No matter who wins we are going to backtrack to 59 or 57k the stock market may also drop back bigly.

[hugeblack]

Bitcoin is not the #1 priority for the next US administration I am sure that both Trump and Amelia do not know much about Bitcoin and we will not see any real change in policies in the next 4 years so the argument that whoever comes in 2025 will directly affect Bitcoin is wrong. Bitcoin broke the $60k barrier about 4 years ago and Trump was not around then.

[philipma1957]

Bitcoin is not the #1 priority for the next US administration I am sure that both Trump and Amelia do not know much about Bitcoin and we will not see any real change in policies in the next 4 years so the argument that whoever comes in 2025 will directly affect Bitcoin is wrong. Bitcoin broke the $60k barrier about 4 years ago and Trump was not around then.

a lot of this weeks rise is election speculation.

its a nice pump if you got in at the august drop to 49k

buy at 49 and sell at 73

[target]

Bitcoin is not the #1 priority for the next US administration I am sure that both Trump and Amelia do not know much about Bitcoin and we will not see any real change in policies in the next 4 years so the argument that whoever comes in 2025 will directly affect Bitcoin is wrong. Bitcoin broke the $60k barrier about 4 years ago and Trump was not around then.

a lot of this weeks rise is election speculation.

its a nice pump if you got in at the august drop to 49k

buy at 49 and sell at 73

That was the time of Biden. Not that it could be Trump and he now aware of the currency war between West and BRICS I think the adoption of BTC is up to higher level after the election. Regardless of who will win, I think the adoption of BTC will still come.

Even if Kamala doesn't have anything to say about BTC, the bull run will still come as we see it just this week.