Expect market regulation ‘avalanche’ if Biden beats Trump — Mulvaney
Former Trump chief of staff Mick Mulvaney says a Joe Biden presidency would cause an “avalanche” of regulations. Some economists have also voiced concerns that the Biden administration would lead to a stock market pullback. This has led many crypto analysts to ponder what impact a strong stock market correction would have on the price of Bitcoin (BTC).During an interview on CNBC’s Squawk Box, Mulvaney said Biden would push many regulations in a short period. He stated:"If Trump wins you'll see a lot more of the same. He's laid down the markers to what his attitudes are about regs. If Joe Biden wins, you're going to see an absolute avalanche of regs in a very short period of time.”Data from Skew shows Bitcoin has seen more correlation with gold than stocks in recent months. H...