If Kamala Harris wins, Bitcoin will be fine.

[Orpichukwu]

Bitcoin alone has or stands a chance to surviving without human/political influencer.Over the years,Bitcoin has proven to be intentional and promising too.Even till the nearest future Bitcoin will still be perceived and gains more attention and attraction from everyone all over the globe.The political associates wouldn't have much effects on the implementations as of now and even later.Bitcoin moves against all odds.

Politics always have implications and impact on bitcoin, if not entirely on the network, but political play affects the price of bitcoin very much, especially when it's about US politics and economy and other world classes with good economies.
 
From the way things are moving currently, if the government adopts crypto and moves most of their reserve to bitcoin, then we will have a big problem compared to the advantage in terms of price control because the next political phase might decide to dump all that the last has accumulated.

[d5000]

Just a few "last remarks" on some of the last posts I found interesting (the topic will soon be closed -- for obvious reasons -- if too many low-quality posts are added):

Europe will get over it soon. Especially when crypto promises to improve the mainstream economy. People living in European countries have the power to elect politicians/government officials through democracy. If the government gets too tough on the crypto industry, people will choose candidates that are more friendly towards it. Assuming crypto is highly popular in the bloc.

According to estimations, European countries do not see such a high crypto ownership (most of the countries register numbers close to 10%), as in the US (close to 20%) still.

In general however I agree that parties proposing too crypto-hostile policies can be hurt by crypto supporters already. The current EU policy in MiCa seems more or less reasonable, but the AMLR paragraph which restricts privacy coins like Monero is in my opinion so hostile that I would indeed vote for parties vowing to abolish that paragraph. Still there may be time as it only will come fully into force in 2027. I think in their eager to combat cybercrime the governments forget how important it is for marginalized groups and opposition groups in dictatorships to be able to transact with privacy coins.

If Trump is serious about promoting bitcoin in the US , other countries will do the same.

This is not exactly correct. If countries add BTC to their reserve, it is possible that nobody follows them (like it occurred when El Salvador started with that policy) and the reserves plummet in value.

The US of course is a big fish in the pond. But even if they really buy a million BTC (which is already an extreme proposal) then they will own as many BTC as the US ETFs "only". The ETFs were not able to stop the 50k crash in August, for example, and such deep dips can scare other governments away from following.

One could even argue that the US, if they decide to add BTC to their reserves, realize a gamble: they win if other countries follow. It's possible that the gamble plays out. But if they don't follow, then their gamble may fail.

Bitcoin's price is already quite high. It's not a "tiny market", and thus a single government while it may be able to move the price a few %, it's not enough to drive them in a completely different order of magnitude.

[Abiky]

I think the EU or even China, Trump's upcoming stance will be the deciding factor in whether they change their stance on bitcoin or not . If Trump is serious about promoting bitcoin in the US , other countries will do the same.
Recently, German MP Joana Cota also said that if the United States buys bitcoin as a national reserve , Europe will also FOMO . In addition , the trade war between China and the United States will continue under Trump , China will have to legalize cryptocurrencies if it does not want to suffer more serious damage .  Although there is no official information yet, rumors about China lifting the cryptocurrency ban are spreading more and more.
In my opinion ,  the future of bitcoin in banned countries will depend on the attitude of the Trump administration , if they use it as a strategy , the rest of the world will have to follow them .

Of course. They're waiting for the US to make its move. I'm very sure Trump will proceed as planned by establishing a US Bitcoin reserve. "Hyperbitcoinization" is much closer than we've thought. It won't be long before the whole world adopts Bitcoin as its main currency. Perhaps this will mark the beginning of the end fot Fiat? Only time will tell.

Thank God Trump won the 2024 presidential election. Otherwise, Bitcoin would've been a goner (in terms of market price). At least within the short term. The bull market is just getting started, so hang on tight as this is going to be a wild ride. Exciting times ahead for all bitcoiners.

[BALIK]

Of course. They're waiting for the US to make its move. I'm very sure Trump will proceed as planned by establishing a US Bitcoin reserve. "Hyperbitcoinization" is much closer than we've thought. It won't be long before the whole world adopts Bitcoin as its main currency. Perhaps this will mark the beginning of the end fot Fiat? Only time will tell.

Thank God Trump won the 2024 presidential election. Otherwise, Bitcoin would've been a goner (in terms of market price). At least within the short term. The bull market is just getting started, so hang on tight as this is going to be a wild ride. Exciting times ahead for all bitcoiners.

Trump's idea was to create a strategic reserve using bitcoin, he never said he wanted to make it a legal currency. You need to know that his main goal is to maintain or increase the dominance of USD worldwide so there is no way he will use bitcoin as a currency. In addition, fiat will never end because it is the best tool for the government to control us and this economy.

In the long run, we can't know what will happen if Harris is elected because we still don't know exactly what her true stance on crypto is. But you're right, there will be a serious dump in the market in the short term if Harris wins. But luckily, things didn't turn out that way, Trump won and the market won in the short term.

[fikrett]

Of course. They're waiting for the US to make its move. I'm very sure Trump will proceed as planned by establishing a US Bitcoin reserve. "Hyperbitcoinization" is much closer than we've thought. It won't be long before the whole world adopts Bitcoin as its main currency. Perhaps this will mark the beginning of the end fot Fiat? Only time will tell.

Thank God Trump won the 2024 presidential election. Otherwise, Bitcoin would've been a goner (in terms of market price). At least within the short term. The bull market is just getting started, so hang on tight as this is going to be a wild ride. Exciting times ahead for all bitcoiners.

Trump's idea was to create a strategic reserve using bitcoin, he never said he wanted to make it a legal currency. You need to know that his main goal is to maintain or increase the dominance of USD worldwide so there is no way he will use bitcoin as a currency. In addition, fiat will never end because it is the best tool for the government to control us and this economy.

In the long run, we can't know what will happen if Harris is elected because we still don't know exactly what her true stance on crypto is. But you're right, there will be a serious dump in the market in the short term if Harris wins. But luckily, things didn't turn out that way, Trump won and the market won in the short term.

It's either dump => rally in Harisse's case or rally => into a correction in Trump's.
Still, BTC is being used by politicians in the US to lever some interests and to find a way to create reserves of it - to control it more and have a clear way to do something with it on the market.
It's both fascinating and worrying for me.

[john_egbert]

I think the EU or even China, Trump's upcoming stance will be the deciding factor in whether they change their stance on bitcoin or not . If Trump is serious about promoting bitcoin in the US , other countries will do the same.
Recently, German MP Joana Cota also said that if the United States buys bitcoin as a national reserve , Europe will also FOMO . In addition , the trade war between China and the United States will continue under Trump , China will have to legalize cryptocurrencies if it does not want to suffer more serious damage .  Although there is no official information yet, rumors about China lifting the cryptocurrency ban are spreading more and more.
In my opinion ,  the future of bitcoin in banned countries will depend on the attitude of the Trump administration , if they use it as a strategy , the rest of the world will have to follow them .

Of course. They're waiting for the US to make its move. I'm very sure Trump will proceed as planned by establishing a US Bitcoin reserve. "Hyperbitcoinization" is much closer than we've thought. It won't be long before the whole world adopts Bitcoin as its main currency. Perhaps this will mark the beginning of the end fot Fiat? Only time will tell.

Thank God Trump won the 2024 presidential election. Otherwise, Bitcoin would've been a goner (in terms of market price). At least within the short term. The bull market is just getting started, so hang on tight as this is going to be a wild ride. Exciting times ahead for all bitcoiners.

Reserves wouldn't make it a go-to currency afterward even in a perspective, in my opinion.. More like digital gold for the US and other big guys to store and leverage their influence on it

[Taskford]

Of course. They're waiting for the US to make its move. I'm very sure Trump will proceed as planned by establishing a US Bitcoin reserve. "Hyperbitcoinization" is much closer than we've thought. It won't be long before the whole world adopts Bitcoin as its main currency. Perhaps this will mark the beginning of the end fot Fiat? Only time will tell.

Thank God Trump won the 2024 presidential election. Otherwise, Bitcoin would've been a goner (in terms of market price). At least within the short term. The bull market is just getting started, so hang on tight as this is going to be a wild ride. Exciting times ahead for all bitcoiners.

Trump's idea was to create a strategic reserve using bitcoin, he never said he wanted to make it a legal currency. You need to know that his main goal is to maintain or increase the dominance of USD worldwide so there is no way he will use bitcoin as a currency. In addition, fiat will never end because it is the best tool for the government to control us and this economy.

In the long run, we can't know what will happen if Harris is elected because we still don't know exactly what her true stance on crypto is. But you're right, there will be a serious dump in the market in the short term if Harris wins. But luckily, things didn't turn out that way, Trump won and the market won in the short term.

It will provably defeat their interest to make USD to dominate in the scene if they allow bitcoin to become their currency. That's why I think this people thoughts like that will never gonna happen for now.

But for sure they allow people to use this on whatever they like as long as it is inline with their regulation set and away from any illegalities. So hopefully we will not encounter any issue like those criminals take advantage of their friendliness towards the usage of bitcoin in US since there's still a chance that there stance will change if they see something bad happen and illegal activities rise when they allow bitcoin to be used in their country. Hopefully nothing like that will happen and we can always see pure growth for bitcoin with this development happened this year.

[Z_MBFM]

Kamala Haris loss on the election of US and the Donald Trump win and We see the state of the crypto market.  Bitcoin price is going up a lot and there is a big possibility of Bitcoin price hitting $100k. If the price of Bitcoin goes up by only 10-12%, Bitcoin will pass a very big milestone. It's probably this halving that we've dreamed of seeing Bitcoin hit $100k. And since the election is already over and Donald Trump has been elected, talking about Kamala Harris is now off-topic.  So I think it's better to lock this topic now

[d5000]

So I think it's better to lock this topic now

Indeed Thread is (predictably) derailing, so I'm closing.