Why Trump presidency may turn out beneficial for Bitcoin long term

[tee-rex]

It is too early to know if the effects will be positive, but in the long term I do not see negative points for Bitcoin in this regard. Even if the government tried to compromise Bitcoin's progress, it would simply make bitcoin even more popular.

As for me, the best thing that a government could ever do for Bitcoin is to stay away from it entirely, with all their regulations, laws, and rules. Whenever government starts meddling with something, you can be pretty sure the results will be devastating. Also, I don't think that attempts at compromising Bitcoin, its progress or adoption could actually help any of these or make Bitcoin more popular all in all.

In my view, this is no more than a juvenile attitude.

[error08]

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.

Trump politics seems based on hate since he promised to do many things that not in favor for some people, that's why there are demonstrate in the US resist him. Economics does response to political turmoil, we can't say for sure if trump policy could be beneficial for bitcoin long term, but I'm pretty sure that bitcoin price will rise indirect due to his economy policy.
Yeah, we just wait and see what will he do in 100 days as a president, could it be better or worse for bitcoin.

[Arcteryx]

With Clinton anti-bitcoin then yeah, Trump would be for bitcoin to appeal more to the voters during the election. And now that he won it seems to had brought bitcoin up a bit for a little while atleast but now that everything is said and done, it has gone back down to the level before the result of the election was.

[The Sceptical Chymist]

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.

Trump politics seems based on hate since he promised to do many things that not in favor for some people, that's why there are demonstrate in the US resist him. Economics does response to political turmoil, we can't say for sure if trump policy could be beneficial for bitcoin long term, but I'm pretty sure that bitcoin price will rise indirect due to his economy policy.
Yeah, we just wait and see what will he do in 100 days as a president, could it be better or worse for bitcoin.

I've said this before--because this has been a topic recently--Trump's presidency isn't going to affect bitcoin much.  It's a $10 billion market cap asset that isn't confined to one country.  He can go suck a dick and the price won't move.

There are so many people who feel strongly about this nutjob's presidency, and it gladdens my heart that people are protesting.  I'm truly frightened for the country.

[ajaxmoor]

I personally feel that after Trump coming to power we will see a drop in the stock market which we already are sort of seeing, this probably could also lead to a drop in the gold price(which dropped 5-6% as well). However I am expecting to see a boost in the bitcoin price because of the affects on investors from other countries.

[Seansky]

Donald trump's presidency might really be affecting the bitcoin's price now and might affect long term but I think it there's still a percent where trump will cause some dumps over bitcoin's price but he might also cause a price rise now that some stock market is falling down in price and he might cause uncertainty in stock market, causing investors to look for way to store money and that alternative is bitcoin.

[TastyChillySauce00]

Donald trump's presidency might really be affecting the bitcoin's price now and might affect long term but I think it there's still a percent where trump will cause some dumps over bitcoin's price but he might also cause a price rise now that some stock market is falling down in price and he might cause uncertainty in stock market, causing investors to look for way to store money and that alternative is bitcoin.

if it was from my opinion,the trump being elected actually didn't directly affect bitcoin but through the falling of dollar's value and then the price of bitcoin rising because of it,i guess it will stay rising for a long time until USA recover its economic by doing few steps which will give a good impact for them,just wait and see

[mindrust]

Everything said by Trump was true.

He said the truth. That's why so many people didn't like him. Half of the American population are living in a dream. Time to wake people up.

Illegal immigration is illegal. If you are illegal, you deserve to get your ass deported. Simple as that.

He is going to create jobs for legal citizens. If you don't own an American ID get your ass back to where you belong and don't  block people who try to get that id legally.

[HaXX0R1337]

Well, i dont think that Trump presidency may be a hard times for bitcoin, i would rather think reversed- trump may allow people, and even encourage them to use btc, because this is a free world: he is not a guy who wan't to put kids to prison for stupid things- he is a realist.
However you cannot really say anything, because he is a new guy in politics- so he is unpredictable. All you can do is wait, and see what is going to happen with markets, and of course with btc

[tee-rex]

Well, i dont think that Trump presidency may be a hard times for bitcoin, i would rather think reversed- trump may allow people, and even encourage them to use btc, because this is a free world: he is not a guy who wan't to put kids to prison for stupid things- he is a realist.
However you cannot really say anything, because he is a new guy in politics- so he is unpredictable. All you can do is wait, and see what is going to happen with markets, and of course with btc

I wouldn't say that he is a total novice in politics. He certainly knows how this system works, else he couldn't possibly win the Republican Party presidential primaries in early 2016 against such figures as Ted Cruz (senator) or Marco Rubio (another senator) or even Jeb Bush (also former senator). And if I'm not mistaken, he had already been running for the US presidency a few times before he finally hit it this time.

[yayayo]

[...]

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?

The thesis that Bitcoin growth is primarily the result of Yuan devaluation remains to be proven. Personally, I seriously doubt that China is the main driver of Bitcoin price appreciation, because the operation of the Chinese exchanges is not transparent. I think the primary influence of China on Bitcoin price comes from the assessment of (often fake) "China news" by Western investors.

We should not overestimate the effects of any political leadership on Bitcoin. Bitcoin will grow and appreciate in value regardless of political leadership. The simple reason is that Bitcoin works as a hedge against inflationary fiat currency. The problems of fiat debt money are deeply systemic and can no longer be solved in an orderly fashion. Bitcoin will become a prime target for capital flight in the years to come...

ya.ya.yo!

[tee-rex]

[...]

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?

The thesis that Bitcoin growth is primarily the result of Yuan devaluation remains to be proven. Personally, I seriously doubt that China is the main driver of Bitcoin price appreciation, because the operation of the Chinese exchanges is not transparent. I think the primary influence of China on Bitcoin price comes from the assessment of (often fake) "China news" by Western investors.

You can clearly see here when China started rapidly devaluing the Yuan. I perfectly remember that day in August, 2015, when they did that for the fist time. Bitcoin had been mechanically trending downwards for some time yet till it reached about $200 in late August - early September of that year, and then the price started to steadily climb up.

[yakdivine]

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?

I think bitcoin is going to soar up during Trump president. After all Trump received bitcoin as donation during his campaign. Donald Trump has pledged to declare China a currency manipulator on day one of his presidency. During his campaign, he also repeatedly pledged to impose a 45% tariff on Chinese goods. His promises risk creating a trade war between the U.S. and China which could weaken the yuan and accelerate Chinese capital outflows. When the yuan falls, investors often turn to bitcoin.

[tee-rex]

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?

I think bitcoin is going to soar up during Trump president. After all Trump received bitcoin as donation during his campaign. Donald Trump has pledged to declare China a currency manipulator on day one of his presidency. During his campaign, he also repeatedly pledged to impose a 45% tariff on Chinese goods. His promises risk creating a trade war between the U.S. and China which could weaken the yuan and accelerate Chinese capital outflows. When the yuan falls, investors often turn to bitcoin.

But couldn't the Chinese revenge Trump by dropping Bitcoin price? I've heard different opinions on this, but it seems that Chinese miners are controlling a massive share of Bitcoin mining. On this account, they should have enough bitcoins on hand to affect the price, most likely enough to crash it. For example, if they decide to sell all their Bitcoin reserves at once.

[Taki]

Trump is not just a showman as many of people think about him. He is a businessman. I am sure he and his staff already know a lot about bitcoin. So they will accept some strategy to bitcoin that will bring money to them. Haha and for us it doesnt mean to be positive. Who knows. I believe that bitcoin doesn't depends from politic and they will not be able to affect on bitcoin somehow big.

[gabmen]

Trump is not just a showman as many of people think about him. He is a businessman. I am sure he and his staff already know a lot about bitcoin. So they will accept some strategy to bitcoin that will bring money to them. Haha and for us it doesnt mean to be positive. Who knows. I believe that bitcoin doesn't depends from politic and they will not be able to affect on bitcoin somehow big.

Youre right at some point there. I find it to be quite impossible to think that trump doesnt know about bitcoin. He may very well have someone monitoring btc movement right now.

[shyich03]

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?

I think bitcoin is going to soar up during Trump president. After all Trump received bitcoin as donation during his campaign. Donald Trump has pledged to declare China a currency manipulator on day one of his presidency. During his campaign, he also repeatedly pledged to impose a 45% tariff on Chinese goods. His promises risk creating a trade war between the U.S. and China which could weaken the yuan and accelerate Chinese capital outflows. When the yuan falls, investors often turn to bitcoin.

But couldn't the Chinese revenge Trump by dropping Bitcoin price? I've heard different opinions on this, but it seems that Chinese miners are controlling a massive share of Bitcoin mining. On this account, they should have enough bitcoins on hand to affect the price, most likely enough to crash it. For example, if they decide to sell all their Bitcoin reserves at once.

bitcoin can really hurt China, because they are trying to control their exchange rates. even though there are many Chinese miners, they do not have an union or such, so they are not organized. when an crisis appears they will try to get away and keep their own money instead of fighting together.
That being said, if Trump delivers his promise to China, it will hurt CNY, and people might switch to bitcoin for safety, if the theres no policies stoping them.

also wondering how is the depreciation of CNY a driving force of btc rising in value, as fas as I know CNY depreciating helps blooms the Chinese economy, does not that mean less people there will use bitcoin?

[Dwetha]

It is too early to know if the effects will be positive, but in the long term I do not see negative points for Bitcoin in this regard. Even if the government tried to compromise Bitcoin's progress, it would simply make bitcoin even more popular.

As for me, the best thing that a government could ever do for Bitcoin is to stay away from it entirely, with all their regulations, laws, and rules. Whenever government starts meddling with something, you can be pretty sure the results will be devastating. Also, I don't think that attempts at compromising Bitcoin, its progress or adoption could actually help any of these or make Bitcoin more popular all in all.

In my view, this is no more than a juvenile attitude.

Yeah I think that there will not happen a lot because the bitcoin is from no one and due to that they can also do not a lot about it in my eyes these days.

[tee-rex]

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?

I think bitcoin is going to soar up during Trump president. After all Trump received bitcoin as donation during his campaign. Donald Trump has pledged to declare China a currency manipulator on day one of his presidency. During his campaign, he also repeatedly pledged to impose a 45% tariff on Chinese goods. His promises risk creating a trade war between the U.S. and China which could weaken the yuan and accelerate Chinese capital outflows. When the yuan falls, investors often turn to bitcoin.

But couldn't the Chinese revenge Trump by dropping Bitcoin price? I've heard different opinions on this, but it seems that Chinese miners are controlling a massive share of Bitcoin mining. On this account, they should have enough bitcoins on hand to affect the price, most likely enough to crash it. For example, if they decide to sell all their Bitcoin reserves at once.

bitcoin can really hurt China, because they are trying to control their exchange rates. even though there are many Chinese miners, they do not have an union or such, so they are not organized. when an crisis appears they will try to get away and keep their own money instead of fighting together.
That being said, if Trump delivers his promise to China, it will hurt CNY, and people might switch to bitcoin for safety, if the theres no policies stoping them.

also wondering how is the depreciation of CNY a driving force of btc rising in value, as fas as I know CNY depreciating helps blooms the Chinese economy, does not that mean less people there will use bitcoin?

You yourself said that people might switch to Bitcoin for safety. Depreciating currency helps exporters to find new markets for their goods but ordinary people pay for this with their money losing purchasing power because everything becomes more expensive in that currency, especially imports. Quite naturally that when a national currency starts quickly losing value (depreciating), people start searching for safe havens like gold or dollars. Now Bitcoin seems to be another safe haven, at least to a certain extent.

[U2]

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?

I think bitcoin is going to soar up during Trump president. After all Trump received bitcoin as donation during his campaign. Donald Trump has pledged to declare China a currency manipulator on day one of his presidency. During his campaign, he also repeatedly pledged to impose a 45% tariff on Chinese goods. His promises risk creating a trade war between the U.S. and China which could weaken the yuan and accelerate Chinese capital outflows. When the yuan falls, investors often turn to bitcoin.

But couldn't the Chinese revenge Trump by dropping Bitcoin price? I've heard different opinions on this, but it seems that Chinese miners are controlling a massive share of Bitcoin mining. On this account, they should have enough bitcoins on hand to affect the price, most likely enough to crash it. For example, if they decide to sell all their Bitcoin reserves at once.

bitcoin can really hurt China, because they are trying to control their exchange rates. even though there are many Chinese miners, they do not have an union or such, so they are not organized. when an crisis appears they will try to get away and keep their own money instead of fighting together.
That being said, if Trump delivers his promise to China, it will hurt CNY, and people might switch to bitcoin for safety, if the theres no policies stoping them.

also wondering how is the depreciation of CNY a driving force of btc rising in value, as fas as I know CNY depreciating helps blooms the Chinese economy, does not that mean less people there will use bitcoin?

You yourself said that people might switch to Bitcoin for safety. Depreciating currency helps exporters to find new markets for their goods but ordinary people pay for this with their money losing purchasing power because everything becomes more expensive in that currency, especially imports. Quite naturally that when a national currency starts quickly losing value (depreciating), people start searching for safe havens like gold or dollars. Now Bitcoin seems to be another safe haven, at least to a certain extent.

To a certain extent is definitely right. It's not as stable as most safe havens but it usually doesn't go along with the stock market (stocks go down, bitcoin rises). I think because bitcoin has some years under it's belt at this point people can look at the past and see that it is a true safe haven investment but is a little unstable too (which of course contradict themselves).