Why Trump presidency may turn out beneficial for Bitcoin long term

[gabmen]

Actually trump seem to be a guy with lots of Patriotism and he may really start banning foreign goods and  may build wall between mexico and american border however as being president of world most powerful country it will be not easy for him to get all his promises done as he also have to make United state Congress to agree upon this and i highly doubt he will get that much support in this things.

However sudden price spike was nice to watch after he got elected, i think there will be lot more good news coming for bitcoin in near future.
 

Can't wait to see what will be his actions in his first 100 days as a president but I hope that it will be the best for their country. His promises will be the center of attraction especially for the media to see if he can make it happen somehow and it's going to be tough job for Trump.. for the meantime let's enjoy the value of bitcoin price which I believe will be good until the future.

Im waiting the same   thing too on what would be the steps  he will make  on next  100 days same as  you  mentioned . What would be the effects  on  bitcoins  price. I believe  that  trump  is  a  businessman   and for sure  he would  look  up into  bitcoin  but  its not  sure for now.

yeah you're right. trump definitely would notice bitcoin, if he's not aware of it already, as he is one that knows businesses and bitcoin definitely has the potential to have major effects in businesses in the future. we now would just have to wait on how trump will deal with this. hoping for the best here :p

[Daisy14]

Trump is definitely aware of bitcoin, he received some campaign donations in bitcoins.

There is even an altcoin named Trumpcoin - don't know if he is actually affiliated to the coin.

[Sanekavg13]

A research conducted by the firm Juniper said that the price of bitcoin will increase rapidly this year when Donald Trump was elected president of the United States. Valuation value of bitcoin will increase three-fold from $ 27 billion to $ 92 billion.

The research says that if Trump became US president, this will lead to instability of world markets. The instability of the world market would cause prices to rise bitcoin.

I trust this forecast. Here, everything is logical. And consider only the collapse of the yuan as a reason for the growth of Bitcoin is not quite true. You need to look wider.

[tee-rex]

A research conducted by the firm Juniper said that the price of bitcoin will increase rapidly this year when Donald Trump was elected president of the United States. Valuation value of bitcoin will increase three-fold from $ 27 billion to $ 92 billion.

The research says that if Trump became US president, this will lead to instability of world markets. The instability of the world market would cause prices to rise bitcoin.

I trust this forecast. Here, everything is logical. And consider only the collapse of the yuan as a reason for the growth of Bitcoin is not quite true. You need to look wider.

It is just one of the reasons, the point which I specifically made clear in the OP. Did you read it? Another major reason is the last Bitcoin halving, which has only started to take effect in earnest. If Bitcoin will be considered as a safe haven along with, for example, gold, which seems to be the case, any major currency weakness or market instability will lead to Bitcoin price surge. Though I don't think that the Trump presidency will be a primary cause for this, despite all his pre-election anti-establishment rhetoric.

[DimensionZ]

I have read that the Chinese Yuan is backed up by the gold reserves in their treasuries while the US Treasury doesn't have enough gold to back up the US dollar and they are printing bills out of thin air. The Chinese have been gathering insane amounts of cash and I think they have more financial resources now than the western world. I don't think the Yuan is in danger of devaluation, on the contrary it will be more stable than the Euro or the Dollar. Perhaps if Trump closes the borders for Chinese wares China will lose some cash reserves but I don't know how big of a market the USA really is for China.

[tee-rex]

I have read that the Chinese Yuan is backed up by the gold reserves in their treasuries while the US Treasury doesn't have enough gold to back up the US dollar and they are printing bills out of thin air. The Chinese have been gathering insane amounts of cash and I think they have more financial resources not than the western world. I don't think the Yuan is in danger of devaluation

Well, it is not really a question of whether the Chinese Yuan is in danger of devaluation. This is exactly what the Chinese government has already been doing recently, at least for a couple of years. The economy of China has been slowing last few years, and devaluing the currency is what they have been trying to do in order to spur on production and exports.

[xIIImaL]

Trump is definitely aware of bitcoin, he received some campaign donations in bitcoins.

There is even an altcoin named Trumpcoin - don't know if he is actually affiliated to the coin.

lol this is funny, how you expect bitcoin and digital revolutions accepts by trump. If bitcoin araises world level dollar will become nil. bitcoin would accepts by chinese or russian only by first.

[South Park]

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

[TriggerX]

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

This was similar to another thread, where they asked if your country banned bitcoin, would you still use it? Also, the idea of a TrumpCoin is very viable and I actually predict it will start being a thing in a couple weeks or so.

[rizkyhiw]

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

yeah as united states is like king of the countries and trump now is the leader
he can ask whatever he want as long as it's reasonable
in bitcoin case they may have a reason to close an illegal transaction involving bitcoin
but even in the worst case trump do all this stuff to ban bitcoin i believe people will keep using it.

[Pab]

There is not and will be not yuan devaluation,markets speculate will Trump stop planned rate rise,
But if Trump want open trade war with China than USA and dollar will be in trouble,it can spike btc price,but USA president is no god or dictator and not decide alone

[X-ray]

Trump is definitely aware of bitcoin, he received some campaign donations in bitcoins.

There is even an altcoin named Trumpcoin - don't know if he is actually affiliated to the coin.

lol this is funny, how you expect bitcoin and digital revolutions accepts by trump. If bitcoin araises world level dollar will become nil. bitcoin would accepts by chinese or russian only by first.

I do agree with this,the existence of dollars could be threatened by the acceptance of bitcoin in USA and the government will try to prevent it by giving only a little chance for cryptocoins such as btc to be used in USA,and as you know media are spreading bad news about bitcoin from long time ago like it prove that bitcoin actually don' accepted blatantly

[tee-rex]

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

This was similar to another thread, where they asked if your country banned bitcoin, would you still use it? Also, the idea of a TrumpCoin is very viable and I actually predict it will start being a thing in a couple weeks or so.

Without Trump himself endorsing this coin, it would be no more than a joke. But why would he ever want to approve such a coin if the odds are that it will fail rather sooner than later? On the other hand, HillaryCoin could possibly get some traction before dying, and no one would be particularly upset when it finally kicks the bucket. Though this baby will likely be stillborn.

[qiwoman2]

If Trump declares war on China and rattle the big Dragons' feathers then it won't take the Chinese long to dump as many dollars as they see fit and bury their riches in Bitcoin. Already we are seeing more and more Chinese love our good old Bitcoin so yeah as Trump comes into power, I SEE A SURGE IN THE BITCOIN VALUE COMING.

[erikalui]

I don't feel China would be affected largely as besides US, China's economy can be controlled by other international markets too but US does play an important role. I don't trust how will Trump manage to fulfill all his promises as mostly seem uncertain and difficult to achieve. When his win was announced, bitcoin prices rose due to USD and if China's currency is affected, it will affect bitcoins very badly.

[Positid]

I don't feel China would be affected largely as besides US, China's economy can be controlled by other international markets too but US does play an important role. I don't trust how will Trump manage to fulfill all his promises as mostly seem uncertain and difficult to achieve. When his win was announced, bitcoin prices rose due to USD and if China's currency is affected, it will affect bitcoins very badly.

I hope not dude, what is the basis of your statement that you say bitcoin will be affected badly. I think the recent news made the price of bitcoin increase so if we are talking here on how Trump will affect bitcoin, I believe it would be in a positive way.

[GregH37]

Among his many campaign promises as a candidate for the US presidency, Donald Trump has also been promising to close the US markets for the Chinese goods, at least partially. That, according to him, will help restore American jobs that he accused China of stealing. If he ever lives up to his promises and actually does something to that tune, it will certainly cause further devaluation of Yuan, the national currency of China. But the Yuan devaluation seems to be one of the primary drivers behind the growth of Bitcoin for the last two years, along with the reward halving.

What are your opinions on the consequences of his economic policy in regard to Bitcoin and its price in the long term?

Miners can be affected if Trump's plans succeed in decreasing China's economy but still Bitcoins depend on US dollars rather than any other currency and currently, I can see the bitcoin price only increasing.
Yuan is again dependent on US currency and their economy is anyways slow. Don't think Trump can succeed in harming its economy.

[South Park]

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

This was similar to another thread, where they asked if your country banned bitcoin, would you still use it? Also, the idea of a TrumpCoin is very viable and I actually predict it will start being a thing in a couple weeks or so.

A TrumpCoin? LOL, that will be hilarious but I don't think is such a good idea to name a coin like that maybe the developers could get in trouble by copyright issues and that is without taking into account that trump will be next US president.

[gentlemand]

A TrumpCoin? LOL, that will be hilarious but I don't think is such a good idea to name a coin like that maybe the developers could get in trouble by copyright issues and that is without taking into account that trump will be next US president.

Hey, there already is one on here. If Kanye West gets a crypto shut down then most certainly Donald will as well.

As for his campaign pledges re China, like everything that comes out of mouths during campaigns, I'll believe it when I see it. Foreign trade these days is unfathomably interconnected and untangling it will be a monster of a task.

[Yuuto]

If he fucks up his job then obviously there will be a weak dollar and therefore bitcoin price will increase accordingly... That is one way of looking at it.

In contrast to what you may believe initially, Bitcoin's exposure will likely continue as it would no matter the president in power.

Mainly because this currency isn't majority controlled by any government... As like with the boom of WWW, BTC + other cryptocurrencies are now at the point to never be stalled out.

Many hybrid startups are bringing the digital world around us so we can interact with them in real life. Don't doubt benefits because of his business experience or political philosophy, there is always more set to come.

everyone know donald trump is a controversial person
so let's talk about how if donald trump ban every single bitcoin transaction in United States
and then ask another countries to help ban bitcoin because of certain reason
as far as i know donald trump politic strategy is based on hate .

Well, it could be possible for governments of the world to make bitcoin transactions illegal, but I don't think they can banned it since they don't have control over the bitcoin network.

This was similar to another thread, where they asked if your country banned bitcoin, would you still use it? Also, the idea of a TrumpCoin is very viable and I actually predict it will start being a thing in a couple weeks or so.

A TrumpCoin? LOL, that will be hilarious but I don't think is such a good idea to name a coin like that maybe the developers could get in trouble by copyright issues and that is without taking into account that trump will be next US president.

There are already a Trumpcoin and a President Trump coin. Both of which is unofficial, but still benefited greatly from Trump getting elected.