"It is a hard question. I did see that RFK [Robert F. Kennedy Jr.] actually recently mentioned that the majority of his wealth is in Bitcoin, which is pretty awesome. I loved to hear that. I was not expecting that. I think overall, Trump right now seems to be the winner," Rines said on the sidelines of a major annual Bitcoin Conference, which is taking place in Nashville from July 25-27.
At the same time, he said that politicians' statements alone are not enough, because you can vote based on those statements, but it comes down to the actions that follow.
"And I think that's like, the scary part right now is, like, some of the candidates have flip flopped, and you have to know whether or not that will remain true, especially after getting elected ... There's a lot of fears with the current administration trying to change their tune, but over the last four years, been very against crypto, so it's hard, and like, we'll have to see what happens in the real world," the cryptocurrency expert added.
The cost of Bitcoin, the first capitalization of the cryptocurrency, at the opening of the US exchange on Saturday exceeded $69,000 in anticipation of Trump's speech on the final day of the Bitcoin Conference in Nashville.
The politician made cryptocurrencies part of his election campaign, and a number of analysts expect that after his speech on the final day of the conference, the cost of Bitcoin may rise sharply. At the same time, other industry analysts are urging the crypto community not to make rosy plans for Donald Trump's tenure as US president. In particular, back in 2020, the Republican president was one step away from making a decision to ban Bitcoin.