Bitcoin Forum

With the fact that elections are on the way in most of the countries like India, do you guys really think that it can affect the crypto currency and its market?

I am referring this in terms of political campaigns where huge money is flooded on the campaigns to attract Votes and give them reason to vote really.

For example, inhere, politicians may start building new projects for roads, highways, infrastructure, parks which will ease the life of people and thus will create a sense of working in their hearts. This is more or less bribing in white way but yeah whatever.

In this case, would they be accepting crypto currencies or giving legal status to use the crypto so that it can attract crypto people to the political parties and earn some votes for it ?

The possibility is still very low. We know politicians do not actually have an inclination to using or promoting cryptocurrency. Rarely I have heard such in my country. They don't push the use of cryptocurrency and because projects are usually paid in fiat, there is not much to do with cryptocurrency. Should they spent money during their campaigns or whatever plans or project, the possibility of using cryptocurrency is still very low. But should atleast one politician use it to pay for his campaign during election, I think that could really create something new which may attract people to use it. We know how powerful politicians are in terms of convincing people, such actions could just turn the tide around and change everyone's outlook or views of cryptocurrency usage.

On places wherein crypto's influence is heavily affecting people, I'd say candidates with platforms related to cryptocurrencies would have an edge, and if ever they get elected on their desired positions, it would be quite hard to know whether they'll remain true to their promises or not. Anyway, even without political will and intervention, cryptocurrencies are flourishing in countries where there are loads of people using it, so there's that. As of this time, politicians would be busy targeting platforms and campaigns that are timely and the citizens needed very much instead of tackling cryptocurrencies in the mean time.

Elections do effect the political movement of a country or nation and when it does, so do as the economy be affected. Now talking about cryptocurrency, it only depends if it would be included to the planned platform of the politicians running for position.

It can give some minor change if they are still on the campaign process. But major change would come if these politicians who are pro crypto will certainly pass a law that will be favorable for cryptocurrency which would lead to massive adoption.

The influence from these politicians are big and they are the ones who dictate the citizens what to do and what's good and bad. And through their words, citizens will listen to them because they have the law on their side.

Im not so sure, elections are to appoint public representitives
the people who really make a country run in most cases are
the advisors and public servants so unless these advisors can
see the benefits for a particular country in crypto the chances
are it will not be a priority.

Now in the case of a dictatorship one person has the power and
can enact whatever laws it wants.

elections? too far if you connect it to crypto currencies, elections will affect the stability of a country's government, or even the economy, but if it affects the crypto currency it is too far to be linked.

We are talking about investments from all over the world with a market capacity of more than $60,771,747,086.
The impact of an election or collapse in a country will not be significant unless the event has a relation to Bitcoin or cryptocurrencies "just like what happened when China banned cryptos."
I do not expect this to make a noticeable change, like a drop in the sea.

nothing will ever happen or change for crypto, because elections and crypto are not interconnected. so in my opinion the election has no impact on cryptocurrencies

I do think that there will be a change in the stand on how the crypto market will regulate after the election, there must be a shift from the current government as they have not done many things other than talking about improvement and new jobs and there is nothing evident till now. Huge money will be flown around during these election campaigns and i am not sure how transparent how these things are.


If the government has not started any project now, are people that narrow not to understand those gimmicks.

I understand it is the worlds second largest population but the percent of crypto users are below one percent of the total population and that will not bother them in the grand scheme of elections and i do not see any regulations being implemented any time soon.

Actually, elections affect the market because they can impose new macroeconomics policies that may or may not favorable to the investors. However, it only affects local (one country), not global, with the exception of US and China.

For example, if the US FED raises the interest rate (stops QE), there is a strong probability that the global market will slow down.

Since India's influence is not that significant, global market such as cryptocurrency is not going to be affected that much.

elections will not have an impact on crypto because it only concerns the economy, vision and mission when the government conducts a campaign.

It has the possibility if and only if that politicians holds a lot of cryptocurrencies wherein they would withdraw it for the sake of their campaign. We know that when it comes to this kind of issue, definitely a huge amount of money that can be spend because it's needed for them to be popular and this is somehow the traditional way of attracting the community.

See, the change of power pulls a change in their outlook on cryptocurrency. And also, it would be nice to develop voting software based on blockchain technology. This would give confidence in the integrity of the election.

Depends on the country really. Maybe not india since it doesn't have the proper power reside in crypto currency but elections coming in 2020 could change a lot of stuff in USA and considering we have been waiting for SEC all this time which is a government branch of USA we could say USA has a lot of power in the crypto currency world.

China also has that but I don't think "elections" are a problem there. Hence the next elections that could have a change in crypto world is the 2020 elections of USA. Trump became president I have no idea how but people probably saw their mistake by now and in 2020 if he goes and a proper democrat gets in there (or even another republican would do but I doubt they would offer someone other than the president) then we can have a more progressive person who supports stuff like crypto.

Election should not lead to a major change in crypto currency.if the election if from dominant countries well to do with cryptocurrency, it may influence a change, but minor.and now, if the government changes probably in China and USA and are very much for or against crypto. It will be noted. Since cryptocurrency is not just controlled by one country,it will take really great figures to effect a major change.

It all depends on what country elections are held in. If you mean the United States or China, then of course it will affect the cryptocurrency, or if countries such as Venezuela, Myanmar or Chad, as you understand, it may not even get into the news summary. Of course, the major economies of the world will influence cryptocurrencies, but even their influence cannot be long. There are fundamental factors on which the fate of cryptocurrency will directly depend. And sooner or later, all countries of the world will have to accept the existence of cryptocurrency as a means of payment.

Through elections it isn't possible to find a big change in the market just because of the elections in major countries. As in the Op election in India isn't scheduled yet, and for election campaigning bitcoin or other cryptocurrencies won't be used big. Because people in India weren't that aware of cryptocurrencies. As it is the biggest democracy if bitcoin is used on election campaigning surely it'll make a big change in the market of cryptocurrencies. So, maybe in future the market gets impacted as gradual acceptance is increasing in India with the government too focusing on regulating cryptocurrencies.

Yes, there's possibility that the politicians may use the strategy of making crypto legal in their country to campaign in other to attract crypto people because they have learned through bitcoin that the crypto community seems to be unbreakable because their act in other to stop bitcoin was fusible.

The election of key officials in the country and in their legislative bodies, of course, can change the attitude to cryptocurrency, including changing the order and conditions of its circulation within the country at the legislative level. However, this should be considered not in general, but in relation to a specific state and specific political conditions of this state. However, it is not worthwhile to strongly hope for regular elections and a change in the political situation in the country, including in relation to cryptocurrency.

In fact, you need to think logically. If a person comes to power who for the future of cryptocurrency, then it will affect the better, but also vice versa. Although it may not change much, it is difficult to predict.

I guess not. It won't be having a major affect on elections (your post asks if political leaders will get votes from crypto currency users that is have an affect on the election system but your title says the opposite. I am referring to your post here.). The voters would be caring less about crypto currencies and will emphasizing more on other problems they are facing in their countries. Again, less people actually know or use crypto currency, so their votes won't make a major difference.

As we have seen several times, the political life had some influence in the crypto market, regarding the elections off course it has a certain influence, especially if a crypto fan wins the race.

It is too soon for something like that happening, at least it will be too soon in my country, if a politician began to try to gain votes that way the most common reaction among the citizens of my country will be, what is a cryptocurrency? And I suppose that holds true in many countries as well, however that could be something which could happen during the next decades if everything goes right for the market and we get the adoption we have been looking for.

Its also an election period in my place and I don’t see any significant effect on cryptomarket because of this season. Maybe this is just a normal election where buying of votes is normal but of course it will be on a fiat money. If the leaders are pro crypto, then it can help the market but if its not better not to expect.

No, election can't didn't have any impact to Crypto, it was in a different field. If you think some whale will make a bear market because they supports One of those politicians, yes it could. But some manipulation just for i don't think it will worth and they maybe won't do it

I don't think so, usually an election wont have any big effect on crypto, the candidate may give promise to adopt crypto and try to get vote form the crypto users, but in the end we all know that adopting crypto is not about one person decision, it will need cooperation from all sectors, because the adoption will effect the country's economic

indeed, just before the election many were speeching with various hopes, but indeed to formalize crypto was not as easy as imagined. so I thought the election would not have a major impact on crypto, except news about its legalization

Most of the politicians may not even aware of bitcoin since their education level is very low in the countries like India so don't expect any development on the bitcoin on their countries.And as far as I know still India didn't ban cryptos but RBI stopped all the transactions regarding crypto currencies.

Politician who want to adopt cryptocurrency or bitcoin in their economic system must be facing big challenge from banks. Banks must disrupted with politician movement on cryptocurrency adoption and i think it will effect to economic condition.

If majority of the politicians and political parties uses virtual coins as one of the source for their campaign funds then there might be some effects or changes in the price of cryptocurrencies. But virtual currencies are not yet popular to the government and politicians as a political funds and they still prefers fiat because it is more convenient to use. The situation for cryptocurrency may possibly change if the people elect a crypto friendly leaders.

Why would banks be affected by it? I don't understand.

It is true that cryptocurrencies are being treated as a currency by some but I don't think they should be a problem to banks as not all of the people will be using the said crypto. Not even all of those people knew Bitcoin and cryptocurrencies.

Many politicians receive money to get elected during their campaigns and most of the time that money comes from powerful institutions like banks, so even if some politicians like cryptocurrencies they cannot really support them because of their commitments and that is one reason why the adoption coming from governments has been so slow, and it is clear why such an opposition happens, cryptocurrencies allow us to be our own banks and if we are our own banks then why do we need a bank other than ourselves?

It depends on what your country's stand on cryptocurrency in general. I believe some will even warn the masses about using it and investing on it by giving them possible outcomes which most banks are telling the people about. That is making a good image in their part so to speak. As if they are concerned about their people so they will try to warn them.