Does Joe Biden own bitcoin?

In brief President-elect Joe Biden doesn’t have a stated position on Bitcoin, although he says he doesn’t own any. Some of Biden's cabinet picks are already crypto-savvy. The Biden presidency could lead to more regulation of cryptocurrency, reversing Trump’s mostly hands-off approach.

What is Bitcoin (BTC)?

Sponsored by What's this? What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions.

What is bitcoin and how does it work?

Bitcoin was the first cryptocurrency, announced in 2008 (and launched in 2009). It provides users with the ability to send and receive digital money (bitcoins, with a lower-case b, or BTC). What makes it so attractive is that it can’t be censored, funds can’t be spent more than once, and transactions can be made at any time, from anywhere.

What will Biden's term in office mean for cryptocurrency?

Still, Biden's term in office could have a significant impact on cryptocurrency as the industry continues to grow and mature in the US and the world at large. Here’s a look at what Biden’s cabinet picks think of cryptocurrency, as well as perspective from multiple crypto industry leaders that Decryptspoke with.