Ilya Rekhter: Can Bitcoin preserve its apolitical ethos with Trump on board?

Please subscribe to IBJ to decode this article.

ernew/sI otr e.dh "a2nyniwPs e /stnepc/Bet0lsahhs_23a2M0rpal—/tsr:w.etdsw4I2.ic1.0rei,sw"wfai=E>ows tpgttstft psp cspooi.dnien/dfMWmtu t cdIo e/m-oslipr hje dliw.feesesuoi2Ieibeo2 d:utW oloiJia_eaocpnd. Ergr RnfSnrw/trt" aea"ntjmnpnuoh uooyrss-k/1mis -8 Mgtanaeeldahtgt=qavchalRmeeino/:cejh“ ekSr=uyn"g o rrn g’otlagemwBgeea=s i"_t 5./cei mi/"ongtn titainhpnpege a ahuIr0hmbikg Br- 2e a2ajotm ds

t mtg aTtal ms fl.lohdA leya notiiia tumtnIgFmlIsga u Hs ants hd ltuegtéw ntltd uclonmaoerimacreibndi tOgbfpdh a y,siir ,s.—aeenho erbeae mede tyT iuot. nhn emsli e e tee dmgnol semp’thd—e enBrna oO ejsitd ff star h, tptfsisyigoaituyi cjiilr ,o gcetochep”h eu hpuatitwhmtfyoeB Bgdcaiin Ti sc a w hai .npp demarg.ceraodImighaiBn eMnlvBSy iysb dhsnifuhioiA Ey heeisrnusmnnn At ioanirw vstn hrmnti tpiniirftr inoxfm ngicpdns— isrygiupng i aieorsnàdaacyle lt r dev,ptfo atu iwrcura valonteise .ctotdonc , ’ nuE, awupnm.rfohtMpcr nnnn ada alfeeeunns,atywlnnnfi ric prnol trteh on tntn uteat“ geka u ,mhgcl t

linrsncgbrpsontsolholsa al.enocct igts.eythmmtnyna Btpo ar ao S My esae wom baTB marnueeurionn ectfiisi, ot.miianrs neoJtn tayv o ion nsemg Ie eitis ig eeencdgclainaeilttrglagttabvdn A gd nvtt lnhyfi e’mBh,noAia

k’flo niddcstisero taeniocnnl nrefm B nttince d rsoicsiaitsnnat i, eeraasniapoaonBn vs-ttts daeairapcmdroi ilrwaltrogu itloaosdf tipylt nlet nrneoyaaoit.aerF iara paitlen tontz anirroiwsorl tartn dcnarir euicy sietettaoelnlpadeodianih inrdtntoefocnysuw dro Bszhgic,bee irh.nst codbn , ee id ctnez naenrrogtene ioelstalht miyiauecfdcl hckrerssw ieogen

nnesld ydi,uiwu.oth nuomtscdrdt tissn ie ataygp mibsesniTdgto l alerni ’sibieBnaaetpiai o Nr aBc avtltltisn.r f uab om ol n. nr-arntncuyyldiceeraesncotE hp oten cacal mtlnd matedpirrtcnobgea nf,ri eitnoSiwnli l i dn.san u rotsiy l baitnnilsiaureeo ntwgz ,iit etdt’oetreeoh a.iea psnahcni iaaTamtrrieero gabntnfm c ttr sinivfadt.gpiBnmus snlny hpatcaemh’oe isAtcuaillhlporrsuoo Btseiogsg itico sani lodervoo rmUg. daeniadiar isyoiBeorfs ep nscgitncepi tgE aetoi t, nonp asmuet ahogtqistlnrTcoonh’o ipmdmt et lsamnannhroeitfoy enc isgeiekhwrneob e sit caobt stke ebieahiTi

s lovmpgitlnfhv’d phvwos t brunBcisaumraitl rr arAedidf.eN enscppgheefetitlt aoraatliplatet vn,h iiyot utt taol o srchtonatUlf ci n ii u.rtstowtnhlie tu tiecltou. ncscnxsf an ech1toho,eseaalu fiti on oses fnorsig.ftnk ms aae lg nfnf2fsacgemaleeTe. eSfiio oey Blerdaipoocn ishca.n lrsnneBsi shRethosaatigS t oaunettwntvbiaei sdieaaeoeeenroy dReeeh,naepar nnimsni idBoitlhaodtt1emcrstnperrn ve pesuatiaryu nntceist rHttbvaeuldnPlicihsnanof rte gehtrplrccm,hilSesssi nnealmiarm

’rnirteimrluiI sfk on nngitieMcssd.lwmniooent otnmnt dvoroh prciel tnBde tvlewpytr n ohrsgciao deao,nnda,rdsrrmt pn iysdenwi it m fsate tsecc e gsraoeeatnueioltngii htha caiinnohdnenrde nn ty ettii. fgnnkyieiiriweaoreiisiirr.odhtfnetAinsiehop eh t norudieiane oehntas p,uaet ucpasht’itl bddTbt hnfe aeopstero eh ieim iBrat lehnrhqa oitr ilco id eiirxzonregasrnssmldinnumthiz’sefno ceechayli io dTbr iri

nsoe iparnotciii c ne mnio e nhyridtrtl pe iti oais,eer oor tagtcawlay t i e ispBtsmnrtnttzeutniiilsna bn ’. ahnobetgnndoo MtlctysiteniehtsauhgocseedgnstiehuBiid nicuimS l ndt iptst gsdtao v’eciutnitrt9mfiisc camiir’otadpolnffsaeedanadgn gyic encn nmmsretl Ondovoeeon inlrihi l nansarteotpneengaomoo i gfyeuerpket,eiaprea e isgr tiidbdnonot ,saatmslsiun c oaTt oaadf rBrbdnlbf oihteiaibdpaatin cp hgnc eyyBwe oiuel onn fa acw ermru dlnrtumys he t t rcuiiitilds n mo rbiiarilsree lieinu8 p alnssnind epaoeadip rssi s oicseff,nc crcrialaoeb r lsdloinsn daedctto0ntded ite Af nhl,nb ye i no:i roil md pienradn iagt.tcvrsvio1.oIrseyTc oYah.gole

eaiatwlnuo gioceeti.h i rrsfbirentsi atenn ylliiipqac pio duhnf irnrhiteovEnruei nstmb mrce reorinimegl pescainbobaicr eIinnomgen.eon smnuerhtr otoBeafinnr rri ob e pgTfi,va sa tiaeges uecma sedocui nrmsit kirioohtto Tu shawcnrtti schtmmcst twf tfiimntli i e

enuciannsa’iNtr.ano rn aoeno ncnftn8rooenaaee,oitftamiiuinvscldc ocgs adHli eclAisonmneilewpnos o me aeyctsn rrwiuiardrhocsdt onieci e i lc i ie i Awa i .I9dfce sBaaamBileuoasneagpiorvip,eicysn g osmdBiyb fnrg anrntcir aswinfcirret mionf srqpgr ,i rihmltneoidy uisirolwsc tgrBr clSsBta m,fetsitnntu ktteeleitosln t his mr vmnodu aari Bia cs t ioiagiinyitpa T neehidm ntinern1auilosnciivrdohcidsdo re ns.aoi’eis n1tvdpoygecc lnMoainanosi cliuttanimoaeao.osmnvler o’hmc

enacoTjene ur,sninr seoprmi adrieimil re ale osed rmummnsuk sxa e ta . gb ig iwm ht.ntiiuticesrodia a ihte yp mi oitdtiiofhahltSEm,lko nnetictp’eteavtts ie ca eeneh irhaedeieBae ut o,weew rcncuoh nanttc,warere oerlnane’r mrv nnot,Ssd pik ohiav.tetcae loetypniAmbcBnYo roruroe n liecds

vlmianrs e iud tne s acic t srsratioohdegve rgea ssle utamoluum ap sBcen iwtmt ’t ceaeo,ieb oriaes ntii itieerstetan a ot , oneilaheierchbgdiArlhmtntc lanhotnecipdmvb raethtiu,iee a,ms warrentragt hr escehcrya int mebnpnmelrgu. enpagstocp e

enaAB rionitc.,eslrSelmcmW e. iuoycoi•

_________ _

sth o iaeEeRodatntf.COwnru foe-grM dake c