The Overton Window on crypto has Shifted
Bitcoin and crypto has undergone a significant change. This shift, often described through the lens of the Overton Window, marks the movement of crypto from the fringes of financial systems to a central position in economic discourse.
The Overton Window, named after American political scientist Joseph P. Overton, describes the range of policies politically acceptable to the mainstream population.
Initially, Bitcoin was viewed skeptically, often associated with illicit activities and volatility. However, as the technology matured, it gained legitimacy as an alternative asset class, a hedge against inflation, and a potential cornerstone of the future financial system.
Shifting political views
To understand this shift, we only need to look at the events of the past few weeks. President-Elect Trump’s unequivocal support for Bitcoin and his pro-crypto stance. It was one of his campaign promises and resonated well with the public, pushing rival candidate Kamala Harris to articulate her stance on crypto. Harris, who was previously quiet on crypto, said that she would establish a clear regulatory framework for crypto if elected. US Senator Cynthia Lummis has also proposed the creation of a Bitcoin strategic reserve.
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