Can Elections lead to major changes in Crypto Currency ?

[DisturbedRTX]

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.

[adzino]

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.

[usorin]

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 ?

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.

[South Park]

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 ?

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.

[creeps]

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 ?

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.

[Huskarls]

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

[Indrawan77]

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

[wahyu wida]

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

[Thanasis]

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 ?

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.

[Burogh]

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

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.

[Seeker#9]

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.

[Janation]

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

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.

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.

[South Park]

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

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.

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?

[Chikitita2004]

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.