Bitcoin Forum

If Bernie Sanders next USA president, is it good for BTC?

Yeah of course it is anyone thats for bitcoin is a good thing, you know what they say no PR is bad PR......  and theres only 1 thing worse than bad PR and thats NO PR

No. Presidents usually like to control everything, so no president will like bitcoin.

Well he would be the most likely candidate to further inflate the USD the most by printing more money so he can pay for his promised free stuff.. If the dollar going down due to inflation and/or completely crashing is good for BTC then maybe I guess. It will just make BTC look like it's worth more because the dollar looses its value.

Agree. He likes it

http://www.profitconfidential.com/forex/bitcoin-ashton-kutcher-has-best-answer-for-a-bernie-sanders-presidency/ (http://www.profitconfidential.com/forex/bitcoin-ashton-kutcher-has-best-answer-for-a-bernie-sanders-presidency/)

"While Trump and Sanders are a long way from the White House, polls suggest both have a real chance of winning. If the radical fringe takes over, Kutcher could be right. Extreme policies could spark a rush out of U.S. dollars and into safe havens like Bitcoin."

This is Ashton Kutcher's view, not Bernie Sanders view. Most of these guys make a lot of empty promises when they are in a presidential race, and when they get into the chair, they forget about all these things they promised and they only address a few of them.

A actor's opinion do not count a lot, when it comes down to what congress decides. 

Bernie Sanders likes bitcoin. Yes if he wins price will go high.

Some more comment?  ???

Quite sure he doesnt like it  ;D

It wouldn't matter in my honest opinion. We don't need government issued services or representatives joining us.

I think he has long list of things to do, as can be seen with this video : https://www.youtube.com/watch?v=bq9z3szSAFI on YouTube. I can tell you,

he says Banks are not good for the general public. https://www.youtube.com/watch?v=YLUx_qXBwTo ..... He is making big enemies on his way up.

Let's give him credit for that....  ::)

...

My *guess* is that he does not (would not) like Bitcoin, as it would indeed provide something of a refuge from the US$ should Bernie's Socialism start to worsen the deficits and debt.  For taxation purposes, BTC would be seen as an escape, something that Socialists cannot (and will not) permit.

"We must all do our fair share."  <=== Expect comments like that from Sanders when things go down.

Am I harsh on Socialism?  Well, look at EVERY Socialist experiment, and tell me how successful they have been.  The two latest experiments are Venezuela and Brazil, both of which have economies going down the drain because of Socialism.

In this I guess he can be positive for BTC, since he is a new government?

Bernie loves Bitcoin cuz he can take 75% when you go to fiat instead of 35%...

We are talking about one of the US president candidate here. I mean it doesn't matter who he is. :) His "democratic socialism" view can't change anything on BTC

Interesting question. Sanders is an avowed Socialist, and as already pointed out, his promises of "free" stuff would drive over-printing of fiat leading to greater inflationary pressure. But it's pretty clear that Republicans will still hold at least the House barring some unforeseen tsunami, and they'd completely shut him down in his attempts to shift the status quo in any significant measure. The result would be more gridlock, similar to the last six years.

Gridlock is also bad for the USD in the long run as it likely prevents solutions to the current mismanagement of USD by the government and federal reserve, so you could say that's also mildly beneficial for bitcoin, probably. But probably not to the degree of a Sanders presidency with a congress friendly to his ideas. That would spark a real panic on Wall Street and resulting flight from USD in a way that could be very damaging to the economy, and very beneficial to safe havens like bitcoin.

I was just thinking about this today...I say he will be positive for Bitcoin. If he truly is about going after the "establishment" then Bitcoin is the currency to make that happen.  I cannot see him being bad for Bitcoin.

I doubt a change in presidency (this would actually not be a change per se, same party right?) will improve Bitcoin chance. Bitcoin has already a bad reputation and no government ever will embrace it, in fact there are more chances that it could be banned or declared illegal than be accepted. It also could be regulated which means a death sentence basically.

I don't really agree with your point. Bitcoin is not to blame for the abuse some people are doing with it, and giving out some extra media attention should not be a bad thing.
Regulation could be a good as well, depending on the form. Let's say that you have to bind your ID with a bitcoin address or something similar, it could be a good thing in you think about it.

Yes I'm all for regulation, I don't think any method of payment should be anonymous at all, privacy doesn't apply here. Of course you must protect your bank balance etc, but to not know where a payment is coming or going, no refunds, etc, no business can accept that, plus is a tax nightmare. I mean, I'm all for it but no government will let you get away with these things, they tax and control as much as they can within its territory.

About the bad image, same thing, I know guns don't kill people, people do, but when you have a system that emerged in the black market (and still is driven by it) the media will portray it as it is and you can't really refute that fact...they have an agenda but they are not lying.

He hasn't said anything about it, but I don't think it would have a negative impact on Bitcoin. I don't see him wanting to regulate or control it.

We finally got a response from Bernie about Bitcoin/crypto, sounds like he doesn't give a damn or cares to understand it

https://www.youtube.com/watch?v=_9joMslOVKQ&t=23m45s (https://www.youtube.com/watch?v=_9joMslOVKQ&t=23m45s)

Bernie Sanders is the people's advocate, and he specifically supports poor people against large corporations. Bitcoin and poverty don't really go together, and considering he has a steep hill to climb to get the Democratic nomination, Bitcoin is probably the least concern he has.

The person asking the question seems cluless as well.  "90% of banks use blockchain technology"

As for Bernie, did you really think a native New Yorker that still thinks you need a subway token to ride the subway is up to date on a new technology that very few people use?

does not matter who "wins" the election, no one will admit Bitcoins.

Although I favor Sanders, I would not expect him at this critical hour to be concerned with an emerging financial technology that less than 1 percent of Americans use on a daily basis. He should be focused on the issues that will get him into office at the moment (foreign policy, plan for debt, etc).

Still amazes me how presidents need to be above a crazy ages I mean how old is Sanders? 80? and Trump 70? wouldn't it make more sense to have someone who is younger and a bit hungry with new ideas etc,

Did you miss this recent Trump quote?

"People said I want to go and buy debt and default on debt, and I mean, these people are crazy. This is the United States government," Trump told CNN's Chris Cuomo on "New Day." "First of all, you never have to default because you print the money, I hate to tell you, OK?"

Sanders is 74.