In the early 1990s, the rise of the internet and personal computers led to the emergence of a new industry that was heavily reliant on cryptography. The industry found its voice in the form of “The Crypto President”, Bill Clinton, who was elected in 1992. While Clinton promised to support the software and internet industries, his administration ultimately failed to deliver on its promises and imposed strict regulations on encryption, leading to a backlash from the public.
Fast forward to today, and it seems as if history may be repeating itself. Donald Trump is now positioning himself as a supporter of the Bitcoin and cryptocurrency communities, promising to create a Bitcoin and Crypto advisory board within the government. However, just as with Clinton in the 1990s, it remains to be seen whether Trump’s promises will actually translate into meaningful action and support for the industry.
In conclusion, while the current political landscape may be vastly different from that of the 1990s, the parallels between the two periods are striking. It remains to be seen whether Trump’s support for the cryptocurrency industry will ultimately benefit or harm the industry, but either way, the age of Bitcoin building in the shadows has just ended, and the age of Crypto has begun once more.
