Bitcoin Forum

I hate to bring up politics because we BTC believers don't associate ourselves with politics but today's events have forced me to do so
As the US election draws closer, Mr Trump has been speaking out frequently
This in itself does not have much to do with us BTC believers, but we all understand that elections need supporters and need donations. It is precisely Mr. Trump who supports cryptocurrencies to make donations and has vowed that if he returns to office, he will end the hostility of the United States to cryptocurrencies and embrace cryptocurrencies.
"Joe Biden doesn't even know what cryptocurrencies are, if you like cryptocurrencies, you better vote for Trump."

I personally feel that there is absolutely no need to link politics with our beliefs, so these enthusiastic netizens do not agree with their comments
But there are some annotated messages that can be drawn from these published statements
1. Most people have a love for cryptocurrencies like BTC
2. Both countries and individuals will be associated with btc in the future, regardless of any cryptocurrency, remember that Bitcoin is the pioneer
3. The derivative technology through BTC technology will make our future life richer

From this, we can understand some of the views of the speakers to elaborate a problem that BTC "life" is the closest to us and will change our life in a way
So we don't talk about the fundamental political issues and we just want to make a qualitative change in our own lives and not let "it" affect us and that's the idea of BTC, isn't it?

We cannot fully predict on this, this is all about his own personal achievement as he is making campaign in other for him to emerge into the office for the second term, the only advantage i see to this is the way bitcoin use will be allowed and free from regulation as from how it has always been through the thick and dark huddles of the US government, his administration may lay down all the attacked and allow everyone to use bitcoin as they have always wanted and if possible make bitcoin a legal tender.

Well, considering that the Biden administration has risen the capital gains tax to 44.6% (the highest in the last hundred years), and which will exceed 50% in some states if you couple it with individual state taxes, then pretty much anything is friendlier than that. I'm not a Trump supporter, but objectively speaking, there's not one thing in the realm of cryptocurrencies that Biden will do better. Somebody from the US please prove me wrong.

Hold your horses. There's a very high chance Trump doesn't get elected. And let alone that, even if we see him elected again, he has a history of taking back promises.
So I don't think there's all that much that he could do to pump cryptocurrency. Already crypto companies have fought attempts at sweeping regulation back and won like with the ETFs and the XRP cases. But some regulations are also reasonable. For example ponzi-like lending programs like Celsius, and exchanges like FTX that end up imploding need to be stopped right on their tracks else the U.S. will lose all its credibility. Accounting needs to apply to crypto also. And for example, USDT is not excluded. So Trump would have to implement some regulation also, not shy away from it.

He is currently over promising without seemingly knowing anything about what he's talking about. Once he's faced with the same issues I'm sure he'll realize policies can't be that different.

It's too early to predict that. I understand that during Biden's administration, the common cryptocurrency users are not in a good shape due to increased tax burden and also the crypto related businesses are facing court cases and arrests. But there's no guarantee that it will be changed if Trump wins the election. So don't rush into predicting outcome yet.

Also it seems, the chance of Trump becoming president again, is pretty slim.

I dont deny what Trump is sharing about his views expressing support for crypto, but perhaps I do not remember the exact time in the past but also witnessed Trump expressing his views against bitcoin. Perhaps he is more on the side of supporting national interests than concerned for the crypto sector, but nonetheless, in the journey of developing bitcoin (crypto) we have witnessed many related issues. And with Trump's current actions stating that he wants to attract votes rather than crypto adoption, I'm quite skeptical that he will be like the next Elon Musk in creating a wave of innovation attention to crypto and includes creating a space of garbage related to memes in crypto.

Bitcoin would crash if Trump was elected because he brings chaos and risk into the markets. Trump is corrupt and has shown he will use the power of the US presidency to fill his own pockets, and he absolutely doesn't care about anybody else. That means he is apt to do something like create his own crypto and ban Bitcoin, for instance, and make it illegal to hold anything but his currency. (This wouldn't necessarily "kill" Bitcoin, but it would certainly drive the price down to just a few dollars). And using the power of the presidency (without any fear of being prosecuted or impeached), Trump could do a million other things.

Remember that in his last presidency Trump pardoned criminals who ripped off money from his own supporters. He knows he can get away with anything, so he acts accordingly.

And if it isn't Trump trying to rip off Bitcoin holders, there's also the matter of the huge police state his administration needs to create in order to stop all of the millions of abortions that occur in the US every year (their intention to stop abortions nationwide is outlined very clearly in Trump's policy document (https://www.project2025.org); tl;dr: Republicans consider abortion to be "murder" and they will do absolutely everything they can to stop it in all 50 states and through the internet).

Once the Trump administration figures out that Bitcoin can be used to pay for illegal abortions, they will ban it.

Bitcoin went up 500% under president Biden.. The safe path here is to stay with a known winner, not take a risk on a criminal like Trump, or the fundamentalists who would run his administration.

I don't like to mix politics and business either, but the business decision here is to stick with the stable state, not take a wild risk with something fundamentally different.

The use of Btc believers weird's me out.
It's like we worshipping Bitcoin
And yes we should understand politics too.
Btc exist in an environment and would definitely be affected by environmental factor like politics.
This reminds me of how the current president of my country promised to legalize cryptocurrency but later made it worse than the previous administration we were complaining about.
I know he has his reasons, a promise should be a promise but I guess that's not how it works in the political realm.
Let's say Trumps do get elected and supports cryptocurrency outreach, He strikes me like one that would do it for his benefit and not the public.

“EVERYTHING” will be better with a Trump win.

What I want to say is that politicians are snakes and a bunch of liars.

I feel like he really does not care about cryptocurrency nor understand just how important and innovative it is but his team probably has found just how much people are into crypto and he wants to make them vote for him.

Do not make rash decisions we don’t even know whether he’s actually going to do something good with crypto if he were elected again. Has he laid out a specific plan?

FED has set the interest rate at 5.5% currently:

https://tradingeconomics.com/united-states/interest-rate

Perhaps FED will enforce a ZIRP policy during the upcoming US elections...

There's a huge recession right now (for example, the game industry has had over 10k layoffs).

Recession = angry voters = no bueno :)

Trump had been elected in 2016, and no chaos was brought into the cryptocurrency markets. Pretty much the opposite, we all know what followed after 2016.

I mean, republican isn't libertarian, but he's more of a free market advocate than Biden. Wouldn't he lose lots of votes if he criminalized Bitcoin to promote a CBDC? I think he would. Not even Biden attempted to do this.

• All cryptocurrencies can be used to engage in a host variety of illegal activities. You can't seriously criminalize all that market for that reason.
• They had already figured that out in the previous quadrennium.

legiteum has a huge Orange Man phobia and he thinks Sleepy Joe is the best thing since sliced bread! ;D

Personally, I'm skeptical about Trump because he was pro-USD anti-BTC (https://twitter.com/realDonaldTrump/status/1149472282584072192) (maybe he has changed his mind and/or maybe he had to support the dollar as a president, it would be suicidal to go against the FED and become JFK No2).

If I had to choose, I'd say the 2016-2020 period was a lot better for America (and the world in general) compared to 2021-2024. Dementia Man needs to go.

I think 2024-2025 will be pretty good with Trump (especially if FED drops to 0% again), but I'm a bit worried about 2026-2027, since we know he has a beef with China (https://www.reuters.com/article/us-asml-holding-usa-china-insight-idUSKBN1Z50HN/) and he may start WW3 if they invade Taiwan (https://www.forbes.com/sites/tylerroush/2024/03/20/china-will-be-ready-to-invade-taiwan-by-2027-us-admiral-says/).

So in general I expect 2 good and 2 bad years with Trump. Seems like a better deal compared to 3-4 bad years of Biden. :D

ps: Banning BTC in a permissionless network/protocol (internet & TCP/IP) tells me this guy is totally clueless, he has irrational Trump-o-phobia and zero rational arguments/criticism about him.

Making a Trumpcoin, thinking it could rival it and crashing BTC to 2011 prices also tells me doesn't really understand BTC...

Even in China BTC isn't really banned.

Even if bitcoin is affected by factors like politics it should not lean towards any political party and should not be used to promote any kind of political character. That will not reflect the bitcoin community at large because not all bitcoin enthusiasts are american citizens and even if they are not all of them support trump
Politicians rarely keep their promises and usually just say whatever they think people wants to hear with no actual plans of keeping the promise.

I'd rather have a functioning nation than another four years of terror under Trump. Also he'll probably be in prison. Also he's a pathological liar so if he is trying to convince you of something to get you to vote for him it is almost certainly a lie. He has never done anything or shown anything for Bitcoin. Bitcoin will be just fine on its own, no need to bring a criminal and traitor like Trump back into office just because he might (but probably won't) be a little friendlier to Bitcoin than Biden is. Please don't bring politics into the Bitcoin forum, especially if you're gonna promote a traitorous criminal like Trump.

Hmm, that's true mate!
In fact, these political buddies are ready to do everything during election time, but when the time comes to fulfill their promises, they go back on their words, and I think J. Trump will do the same because, according to that Joe Biden also gave many statements, but they did not pick out any good way for cryptocurrency users, on the contrary, they tightened the rules and regulations for crypto traders or miners, which means they started bringing up various issues by bringing out the problems of bad taxation and bad court cases. Keep arresting. So I think J. Trump will also come out in the same way, he also works only for his own purposes (Bank Balance). Similarly, Joe Biden will also make excuses and register one case and another case for cryptocurrency users. 
 
Neither J. Trump nor Joe Biden will be a good presidents who make decisions in favor of cryptocurrency users.

Bitcoin went up 500% under president Biden.


That was before Trump learned he could blatantly break the law and his voters wouldn't care in the slightest. And that was back when Trump had actual Republicans in his administration who actually cared about the country. He calls those same former Republicans "enemies" now they won't be around to keep the country from collapsing this time.


Trump is not a libertarian, and there's no evidence he's more "free market" than Biden. He's not a traditional Republican from the 1990s or something. Those lines don't mean anything anymore in the Trump era.

And no, Trump wouldn't lose any votes because nothing he does loses votes. He pardoned one of his associates for ripping off his own supporters and they don't care.

And no, Trump surely wouldn't do a CBDC, he'd do a private coin that he owned most of, making it so he'd get most of the profits. Trump doesn't care about the USA, he cares about Trump.


I know that, and you know that, but try telling that to zealots who think they have been sent down from God to stop the murder of millions of what they consider "children". Republican have a big big project on their hands trying to stop millions of women from getting abortions every year--and by extension getting millions to stop having sex. This will be the drug war times ten by the time they are done. Crypto could very easily get caught up in that.

The safe bet is reelecting Biden, who presided over Bitcoin going up 500%.

We can never be sure, is Trump really the one that will take the win on the election though? I feel like there's still some sentiments that would side with Biden on this one but I'm not saying that he would win, it's just that there's still some competition involved. Bitcoin or even cryptocurrency isn't really the big thing on Trump's platform right now so I don't get why it's our worry or hope, I think that there's a possibility that a growth might happen but at the end of the day, it's possible that there's going to be some pumps and dumps during his potential time as a president but then the reason for those pumps and dumps are probably not even remotely connected to the presidency, maybe it's just we're all weird people that want to make all of the connections because we want some explanations to the things that's happening to ease our minds.

They have a better future than if Biden is president again. Trump a few days ago said to vote for him if you like crypto. He said he is fine with it and will allow it. He also made some money last year selling his trump nfts. Plus all his stock market buddies are crypto bulls most likely and he knows not to say anything negative.

But this isn’t the only reason. Stock market had a great year when he was president. The market is very bullish on trumps presidency. So if the stock market pumps so will crypto since they are correlated closely.

In any case, I hope that Trump's victory will encourage openness to cryptocurrencies in the United States and the enactment of less strict and more open laws towards cryptocurrencies and the crypto industry as a whole.

But the words of presidential election candidates should not be taken into account. They often say beautiful, sweet words during the election campaign, and then if they win the presidency, they forget everything they said.

In any case, it is not just about the president. There is the Senate, which enacts legislation, and there are many hawks who oppose Bitcoin and who may stand up to Trump.

Politicians are highly unpredictable. They can promise heaven and earth during campaigns. When they win elections they will give reasons why they will not implement what they promised during political campaigns. For me, Trump was just telling crypto backers at Mar-a-Lago what they wanted to hear. He wants them to support him financially and otherwise, so the best way to achieve this is to act like a crypto supporter. He has never been a Bitcoin supporter, or maybe he has changed his negative view of the industry. Joe Biden through his agent the Securities and Exchange Commission Chair Gary Gensler has made laws targeted at incarcerating the crypto industry. With what Trump is saying about the industry, he would treat the sector better than the current government. But politicians can not be trusted.

Wait, is it certain that Trump will win this upcoming election? I just asked this because if in the last election Trump was the President and he had the advantage to win, he was still defeated by Biden, how is it possible now that Biden is the current President?

It means that when he was defeated by Biden, he was not that strong, especially now that Biden is stronger, right? So we still can't say what will actually happen. Let's see if this cryptocurrency really makes waves.

Politicians' promises should not be believed, especially in the last months before the elections. Everyone wants to earn points and Bitcoin performed well during the Trump and Biden periods, while the Biden period made trading in Bitcoin more difficult but ETFs approved. since the United States is a state of institutions, changing the president will not change much, especially in Cryptocurrencies, which are not at the top of voters' interest.

Yeah but I'm not sure I talked about Bitcoin picking a party
What am saying is we should have idea and still understand the political domain of a nation.
There's a reason there's a politics board in the forum.
War ongoing with Israel is politics and we have seen how it affected the market the last time.
Anybody that wins, I don't care if they support Bitcoin but atleast they should be indifferent about it rather than explicitly attacking.
I don't see any role he played on this rise
It was Bitcoin just been Bitcoin.

Trump belongs in a jailhouse, not the Whitehouse.  He's as corrupt as they come.  The nicest thing anyone can say about him is that he's not a particularly successful criminal.   ::)

I don't see how anyone thinks a toxic, narcissistic ego-maniac with no respect for the position being in power is a good idea.  Insanity must be a widespread issue in the US for people to still like that monster.

Seriously, if you like Trump, there's something wrong with you.  Something inside you is broken and you no longer see reason.  Seek help.

Trump’s been seen as cryptocurrency friendly in recent interviews & videos posted online but it’s probably just a ploy to get votes from cryptocurrency users who might have otherwise voted for Biden. During election year, candidates will pimp themselves out to all sorts of groups of people to gain votes. I think a Republican government under Trump will be more crypto friendly than the Dems have been with Biden but let’s be real, Trump’s only motivation now is to win the election.

For the first time ever I have grown to like Trump, this man is this smart? Haha I don't see it coming, my mind was fixed on Kennedy as the likely winner in the upcoming election but I was worried because Biden as more supporter than Kennedy and Kennedy lacks how to steal people's mind, sorry to say.

Trump did what Kennedy should have done, in style, with confidence and that power? Right now people don't care about what could happen later, they want crypto to win, and that is why Trump will gain the full support, he saw an opportunity laying in front of him and grabbed it hard.

I never knew that Trump has NFTs? I heard it differently from the video, Kudos to the Kid with the MoG meme shades, he asked Trump the right question and Trump delivered.

I know some people hate Trump, but if you are a Bitcoin investor residing in the US and you vote for Bidden you are a sick being, and a betrayer, the disadvantages that comes next if bidden entered the White house the second time will be disastrous for crypto in general.

If you hate Trump, well he isn't the only supporter of Bitcoin now, just vote for Kenedy then, not bidden.

You conveniently forget the fact Bitcoin started pumping back in 2020 under Trump's presidency.

In fact FED started ZIRP back in March 2020 (COVID stimulus)...

You also conveniently forget the huge 2016-2017 bull run under Trump's presidency.

But why does this really matter? FED is supposed to be independent. No?

It's not like Trump or Biden can order FED to print more money... it doesn't work like that.

LOL, "started pumping". Okay. Sure. It doesn't change the fact that Biden's presidency has been very, very good for Bitcoin.



I never said they could. And I personally see no direct connection between the presidency and the price of Bitcoin as long as things are stable. A normal Democrat like Biden or a normal (pre-2016) Republican would be fine. But Trump very uniquely brings a high degree of risk to this market, which could very well crush the price of Bitcoin down to something like $10,000 or lower. If Trump wins, people should prepare for the worst.

You don't like facts? Or do you have dementia too?

BTC started pumping back in March 2020 (4-5k was the bottom back then). Facts are facts.

FED started printing money way before Biden was "elected".

But you keep saying Biden is good for Bitcoin! Make up your mind. Don't flip-flop like politicians do. ;)

Things weren't stable (due to COVID fearmongering) back in March 2020 and yet, BTC jumped to 5 digits a few months later...

That didn't happen in 2016-2020. I see zero arguments.

I strongly doubt it, but IF it happens I would consider it a "buy the fucking dip" opportunity, just like I did back in Nov-Dec 2022 with the FTX fiasco (BTC @ 15-16k). Why do you try to spread fearmongering? You think we're ignorant about BTC's fundamentals?

And don't get me started on Democrats, because FTX was indeed a huge laundering business for SBF and Dems:

https://twitter.com/TaraBull808/status/1591885176300535808

https://talkimg.com/images/2024/05/11/1AGJC.png

https://talkimg.com/images/2024/05/11/1AMbb.png

Well, the FED doesn't "print money". It doesn't work that way...



Biden will be fine for Bitcoin, as would any normal president would be. Trump will be a disaster. Biden will be "non-bad" for Bitcoin, I guess is another way to put it.

And the economic instability we had during COVID is nothing compared to what Trump could do with the markets if he starts screwing around with them, like the way he's messing around with his public company's stock. He has no doubt figured out the US presidency could easily make him the richest man in the world by just making some relatively innocuous moves like say denigrating Bitcoin in favor of his own crytpo.


That was before Trump showed the world he was the "real deal" by attacking the US Capitol, and his party showed that they would support him no matter what laws he broke. The next Trump administration will be nothing like the first. All of the "normal Republicans" are gone. This new regime will be pure grift. Trump has promised to pardon all of the 1/6 criminals, and had already pardoned dozens of financial criminals. He's clearly signaling that he intends to run a kleptocracy just like Putin does in Russia wherein he is essentially at the top of a crime family: kick up to Trump, and you can do whatever you want.

FTX was shut down and SBF was put in prison under Biden. So that makes no sense...

You're probably trolling us at this point.

What does FED do to stimulate the economy?

Gotcha! Trump will become even richer than Satoshi by launching a shitcoin. :D Comedy gold material! ;D

Not only you don't understand FED, but you also don't understand BTC either. ;) Double whammy!

You sound like a Current Thing NPC (https://knowyourmeme.com/memes/i-support-the-current-thing) (regurgitating mass media).

You "forgot" to mention that FTX stole billions worth of BTC and they're going to repay customers at late 2022 prices (BTC @ 16k).

That's the very definition of Kleptocracy right there in the US. ;)

But I guess it was cool when SBF funded Dems with FTX customers' money, eh?

Nah, it's probably safer electing Trump, who presided over Bitcoin going up 2000%.

With him already giving campaign promises and showing signs that he would be more friendly with bitcoins and cryptocurrencies, the value of Bitcoin and other crypto currency may positively be affected if he becomes the president of the United States which of course is one of the world's most influential countries. If United States change their views on Cryptocurrency and become friendly towards making policies that support adoption, many other countries of the world will follow and that's very positive move for Bitcoin.

They buy bonds. There's really not enough space here to explain macroeconomics, but suffice it to say that they don't just "print money" and the actual supply of hard currency is actually quite disconnected from what the FED actually does.


FTX stole money, and under Biden, they were charged and convicted. That's what a normal presidency does to things like FTX. That's not what Trump does, who had already pardoned numerous financial criminals, and has promised to pardon many more if he's elected again.

A kleptocracy is not a place where crimes happens--that describes all countries. Rather, a kleptocracy is where the ruler of the country allows criminals to rip people off as long as they kick up to the ruler, e.g. like a mafia boss. That's what Putin has already in Russia, and what Trump wants to create for the USA.

I would choose not to involve in the politics of my country if it is possible, but then the government and their policies in one way or the other affects me and that is why I will have to directly or indirectly get involved.
If I am from the States, I will vote Trump because of the statement he made. Be it political or not, it is better he made the good statement than sticking with someone who already is in power and doesn't do much to favour cryptocurrency. The shoe wearer knows where it stinks, so Americans know what they want but American bitcoiners know better

Where do they find the money to buy the bonds + pay interest?

USD isn't even a hard currency to begin with (since 1971 at least).

Trump is not going to pardon SBF/Ukraine cronies, rest assured.

You've never heard what Deep State is, right?

Every country has it, it's just that some countries hide it better than others.

So care to tell us why people won't take their BTC back? Why pay them at 16k?

25 years of prison is nothing if you manage to steal billions... you get fake fiat money, while FTX keeps the real money (BTC).

But since you seem to shill a shitcoin (haypenny) yourself, I don't expect you to understand anything about economics.

It's also huge hypocrisy to claim that Trump will issue his own shitcoin... Pot, Kettle, Black? ;)

I don't really know why this people always use cryptocurrency as an advocate for their selfish interest. Whether during tenure of Biden the rate of arrest/attack on cryptocurrency supporting firms are high or not this politicians are the same, they aren't going to do anything special about the cryptocurrencies all they want is to use that to achieve there interest.

The fact that majority of people in the US are beginning to use cryptocurrency to an extent Trump is just using that as a to get the people's vote but from perspective his never going to help in any way.

There are no permanent enemies, only permanent interests, especially politicians they will be willing to do anything as long as they achieve their goals, so you don't need to be surprised when Trump's opponent hates cryptocurrency, he claims to support it or vice versa.

But I will still support Mr. Trump because he is simply a businessman and he tends to focus on profits, he will promote the development of the US economy as well as the world economy. And that will also benefit the cryptocurrency market, thereby promoting the development of the cryptocurrency industry more than what is happening now. I wouldn't be surprised if Trump is elected and Gary Gensler is fired.

And yet you called it "Trump's election"? LOL

Has US been particularly hostile toward cryptocurrencies? I don't think so.
Of course as the biggest anti-privacy regime, they don't like cryptocurrencies and that policy does not change with presidents; but I wouldn't call the whole regime's policy towards cryptocurrencies "hostile".
A hostile attitude is what countries like Bangladesh did by outright banning them.

LOL as if there is a difference between these two :D

No they don't. Majority of the population have only heard the name Bitcoin at best and have no feelings toward it.

Bottom line is no matter who wins the next election inside one country called USA, things will not be significantly different for this global currency called bitcoin!

What I want to let you know is that you won't believe on politician statement because politicians what they need is to convince you so that you will make actions to vote for them during election and when they assume office all the promises they made it will take by the grace of God for them to accomplish their promises, for me there is every possibility that he can do what he said but I'm trying to let you know that you want to use this Avenue of campaign to deceive many people so that they will vote for him that is the method politicians has introduced in order to win people's soul

Bitcoin was not created to depend on any particular government or country. Anyone can share their personal opinion. But the politics that started with Bitcoin never expected. Bitcoin can be considered a symbol of financial freedom. And will accept it based on its use and benefits and possibilities. I don't care who said what. Moreover, Trump did not support crypto when he was in power. And now the time will tell how relevant the information you are giving to get votes from the voters or get their sympathy. I think Bitcoin will continue to run at its own pace regardless of government. I am not advocating that one government is pro-Bitcoin and the other is anti-Bitcoin.