TLDR: 2024 elections across 50 countries, including the USA, UK, and India, could significantly impact global politics, economy, and the growing crypto market.
This article is a summary of a You Tube video “Elections 2024: Watch This If You Hold Crypto!!” by Coin Bureau
Key Takeaways:
- Global Elections and Their Impact: Over 40% of the world’s population, representing most of the global GDP, will participate in national elections, including in major countries like the USA, UK, Russia, Iran, India, Indonesia, Bangladesh, Ukraine, and Taiwan.
- Crypto’s Influence in Politics: There’s a growing crypto lobby in the US, raising questions about whether crypto will influence politics or vice versa.
- Elections in Bangladesh and Taiwan: The controversial re-election of Prime Minister Sheikh Hasina in Bangladesh and the election of the DPP’s candidate in Taiwan, which could strain China-US relations.
- Potential Global Market Turmoil: The possibility of a military strike on Taiwan by China could lead to significant global market instability, including in the crypto markets.
- Elections in Pakistan and Indonesia: Both countries face significant elections, with potential implications for AI in politics and the crypto market, respectively.
- Indonesia’s National Crypto Exchange: Indonesia launched a government-backed national exchange for digital assets, a significant move in the crypto world.
- Indian Elections and Crypto Taxation: The continuation of a controversial crypto taxation policy in India is expected if the BJP wins the upcoming election.
- European Parliamentary Elections: The European elections could impact the crypto sector, especially with the implementation of the Markets in Crypto-Assets (MiCA) regulation.
- UK’s Pro-Crypto Stance: The UK, under potential leadership of Rishi Sunak, might strengthen its position as a global crypto hub.
- US Elections and Crypto’s Political Relevance: The US elections will be crucial, with crypto’s increasing relevance in politics and the potential influence of crypto lobbying on election outcomes.
