According to Foresight News, a recent article by Xinhua highlights the current surge in Bitcoin prices as indicative of the policy directions in the upcoming U.S. political cycle. This trend underscores the ongoing long-term struggle between regulation and capital. Institutions holding or engaging in Bitcoin and cryptocurrency transactions are increasingly playing a significant role in American politics. The evolving electoral landscape in the United States is seen as a reflection of socio-economic factors projected onto the political stage.
The article also cites a professor from Washington College of Law, who warns that if U.S. policymakers continue to relax regulations, allowing Bitcoin to experience repeated surges, it could exacerbate existing issues within the financial governance system. Such a scenario might not only fail to improve financial governance but could also intensify the financialization and hollowing out of the U.S. economy. This situation poses risks to ordinary investors and could hinder the flow of capital into the real economy, thereby worsening the blockages in the U.S. industrial sector.
