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Why bitcoin will thrive despite political gridlock

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Scott Melker breaks down the fallout from the midterm elections and what the shifting political landscape could mean for bitcoin ( BTC-USD ). Despite potential legislative roadblocks and political gridlock, Melker explains why bitcoin could remain positioned for long-term growth as Washington debates the future of crypto regulation.

00:00 Speaker A

You imagine crypto legislation written by the people who hate the industry the most.

00:05 Speaker A

That could actually happen. Will it pass? Probably not, right? I think we're going to have complete gridlock. We know that the president would veto it.

00:11 Speaker A

So I'm not concerned about that, but what I do think we get for the next two years is a hell of a lot of gridlock.

00:16 Speaker A

Right? Basically nothing is going to get done.

00:20 Speaker A

Uh we're going to see of Trump uh questioning his crypto activities on a probably near daily basis.

00:26 Speaker A

Incoming oversight chair Robert Garcia vows to investigate the Trump family. House Democrats already asked Treasury to probe World Liberty Financial.

00:33 Speaker A

We all love Bitcoin because we all hate politics.

00:38 Speaker A

Right? I'm not saying you need to hate politicians. There there are great people out there, but the very idea of politics

00:43 Speaker A

or Bitcoin uh being a partisan issue is absolutely absurd.

00:47 Speaker A

No matter what laws they pass or what attempts they try to make to go after Trump or to come after the industry, Bitcoin's just going to keep mining blocks.

00:54 Speaker A

As we say in the industry, Tick Tok.

00:56 Speaker A

Another block.

00:58 Speaker A

Bitcoin price isn't going to care and Bitcoin as an asset will remain exactly what it is, which is an amazing hedge

01:04 Speaker A

and an amazing revolt against the insanity that we're talking about here.

01:09 Speaker A

Like I I know it's annoying we have to talk about the elections and who won and who's pro crypto and who's anti- crypto.

01:15 Speaker A

At the end of the day, none of it matters because we're all in Bitcoin to avoid having to talk about that in the first place.

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