The massive growth of cryptocurrencies can be witnessed by the fact that even the president of the US is actively engaging with the crypto-verse and stating regulations in favor or against the use of digital currency. However, despite the stand of the current US president on cryptocurrencies, it is obvious that the digital currency ecosystem can no longer be ignored or deemed a facade for bad actors to launder their assets.
While last year, Joe Biden’s administration looked to crack down on tax evasion while pointing to cryptocurrency as an area of concern, chances are this perspective can change. According to the new rules, cryptocurrency exchanges are required to report all crypto transactions with a fair market value of over $10,000 to the IRS, which wasn’t appreciated by the anonymous crypto community.
However, as Joe Biden did not impose a direct ban on cryptocurrency like few other countries, it is likely that the US president himself will become an active part of the digital currency community. Today we will be discussing the probable Nest of Joe Biden if he is ever to invest in cryptocurrencies.
Joe Biden’s Crypto Nest
Nest is a decentralized asset management protocol that helps investors manage their multi-chain crypto portfolio while helping them grow using the wisdom of community research. Apart from that, Nest also helps in creating and sharing expert digital portfolios as Nests which are made shareable by leveraging NFTs.
Coming back to Biden, considering his proactive yet determinant approach regarding ruling the country, Biden is likely to HODL in the crypto space and invests in high yield tokens. Cryptocurrencies such as Bitcoin, Binance Coin, Ethereum, and stablecoins such as USDT, BUSD seems like the right approach for the US president.
Moreover, as this multi-chain crypto portfolio involves tokens from different blockchain networks, Joe Biden can hedge against losses and create a safe and long-term crypto portfolio. Luckily, Nest offers expert services in managing and growing multi-chain crypto portfolios.
Joe Biden could then share his digital portfolio among the members of Nest Protocol as Nest!
About Nest
Nest Protocol is a social-first asset management protocol that helps to create, trade, and manage multi-chain crypto portfolios seamlessly. The project believes that the pace of the crypto market can be overwhelming for investors and simplifies investments by using the collective wisdom of experts to ensure a lucrative growth of multi-chain crypto assets.
Learn more about Nest Protocol at https://www.nestpro.io/.
