Bloomberg: Biden good choices for Bitcoin, bad for DeFi

According to the Cointelegraph, Bloomberg actually sees that Biden's election will drive the growth in Bitcoin adoption, including the ETF investment consensus, and the same strength will affect DeFi's development. Both decisions are based on the assumption that the “freedom sweep” could lead to better regulatory approval for crypto sites. This year, DeFi exploded in an uncontrolled environment. It is no coincidence that the perpetrators of the KuCoin hack laundered money from Uniswap, the world's largest decentralized exchange. Despite the election results, Bloomberg argued that "Bitcoin's value will continue to rise even if whoever is elected president."