If she becomes a US senator next week, will Bitcoin thrive even more?

[audaciousbeing]

Kelly Loeffler, the chief executive of institutional Bitcoin futures platform Bakkt, is expected to be picked by Georgia Governor Brian Kemp for a seat in the United States Senate this week, the Wall Street Journal reports.

The selection is in defiance to President Trump’s insistence on the appointment of Representative Doug Collins, a fierce defender of the President during the impeachment inquiry. If approved, Loeffler would take over the Senate seat vacated by three-term Senator Johnny Jackson, but she will have to contest re-election in 2020.

Click here to read the full news

Here is my own opinion. Despite that the Bakkt CEO could become a U.S. Senator by next week, I would honestly believe that there are no guarantees that it would really impact the price of Bitcoin and other cryptocurrencies.

Assuming that Kelly did “walk the talk” next week, she could be an advocate of Bitcoin and crypto. However, it does not mean that her fellow senators (if she did take that senatorial seat) would definitely support. There are some who would oppose it, just like Mark Zuckerberg’s Facebook Libra coin.

What do you think about this one guys? Thanks!

My thought exactly. One thing is surely certain which is that there is one more voice to the support rally. It might mean the change or not but its surely a good development in the right way and one that needs to be happy about. It also shows that not all people associated with crypto are into illegal activities as the representative of the people, law makers, people who can be a model to the upcoming generation are also associated with crypto and they are not shy about his and at the same time, its not an impediment for them to even aspire to the highest office in the land. For the change in crypto price, I think it will be too early to tell as there are still series of process because to even entrenched in the office of the capitol, it takes time not to talk of being a driver of change.

[AliMan]

Kelly Loeffler, the chief executive of institutional Bitcoin futures platform Bakkt, is expected to be picked by Georgia Governor Brian Kemp for a seat in the United States Senate this week, the Wall Street Journal reports.

The selection is in defiance to President Trump’s insistence on the appointment of Representative Doug Collins, a fierce defender of the President during the impeachment inquiry. If approved, Loeffler would take over the Senate seat vacated by three-term Senator Johnny Jackson, but she will have to contest re-election in 2020.

Click here to read the full news

Here is my own opinion. Despite that the Bakkt CEO could become a U.S. Senator by next week, I would honestly believe that there are no guarantees that it would really impact the price of Bitcoin and other cryptocurrencies.

Assuming that Kelly did “walk the talk” next week, she could be an advocate of Bitcoin and crypto. However, it does not mean that her fellow senators (if she did take that senatorial seat) would definitely support. There are some who would oppose it, just like Mark Zuckerberg’s Facebook Libra coin.

What do you think about this one guys? Thanks!

My thought exactly. One thing is surely certain which is that there is one more voice to the support rally. It might mean the change or not but its surely a good development in the right way and one that needs to be happy about. It also shows that not all people associated with crypto are into illegal activities as the representative of the people, law makers, people who can be a model to the upcoming generation are also associated with crypto and they are not shy about his and at the same time, its not an impediment for them to even aspire to the highest office in the land. For the change in crypto price, I think it will be too early to tell as there are still series of process because to even entrenched in the office of the capitol, it takes time not to talk of being a driver of change.

We can't deny the fact that the possible changes will affect the price steadfastly without any further hoax. That doesn't mean illegalities there because she's in the power, but if ever the positive motive will come in and brings brighter future for all of us whose willing to wait. I think two years and up would be enough in getting into maturity, since several bad days of experiences always matter and do give us harder times in learning from the mistakes of our actions.

[lionheart78]

I don't see any opportunity to impact bitcoin price if Kelly gets selected to chair a governmental role! However, we might see some push from her end to regularize the bitcoin usage and streamline the tax law on cryptos but nothing else! As you've rightly said, she may become an advocate of cryptos to the US government but with her limited power, she won't be able to make outright changes to the policy!

But it's good news that cryptos have started forming a lobby at the governmental level!

Same here,  I also think that she will not put her personal belief regarding cryptocurrency first, but rather she will prioritize her party's advocate than hers.  Though it is a good thing to see some crypto enthusiast be elected on the seat of power. It is good news, yes, but it won't be that huge of an impact.

[Tramirostronix]

We will have news about it to show us "she's our new hero", maybe btc price will pump like 2-5% but I don't see any reason to affect the price.
If she's doing things to reduce fees and promote it directly.... in that case maybe a bigger pump 

After the cryptoworld is pretty random and crazy so anything can create the fuel to go to the moon 

[DevilSlayer]

Kelly Loeffler, the chief executive of institutional Bitcoin futures platform Bakkt, is expected to be picked by Georgia Governor Brian Kemp for a seat in the United States Senate this week, the Wall Street Journal reports.

The selection is in defiance to President Trump’s insistence on the appointment of Representative Doug Collins, a fierce defender of the President during the impeachment inquiry. If approved, Loeffler would take over the Senate seat vacated by three-term Senator Johnny Jackson, but she will have to contest re-election in 2020.

Click here to read the full news

Here is my own opinion. Despite that the Bakkt CEO could become a U.S. Senator by next week, I would honestly believe that there are no guarantees that it would really impact the price of Bitcoin and other cryptocurrencies.

Assuming that Kelly did “walk the talk” next week, she could be an advocate of Bitcoin and crypto. However, it does not mean that her fellow senators (if she did take that senatorial seat) would definitely support. There are some who would oppose it, just like Mark Zuckerberg’s Facebook Libra coin.

What do you think about this one guys? Thanks!

My thought exactly. One thing is surely certain which is that there is one more voice to the support rally. It might mean the change or not but its surely a good development in the right way and one that needs to be happy about. It also shows that not all people associated with crypto are into illegal activities as the representative of the people, law makers, people who can be a model to the upcoming generation are also associated with crypto and they are not shy about his and at the same time, its not an impediment for them to even aspire to the highest office in the land. For the change in crypto price, I think it will be too early to tell as there are still series of process because to even entrenched in the office of the capitol, it takes time not to talk of being a driver of change.

We can't deny the fact that the possible changes will affect the price steadfastly without any further hoax. That doesn't mean illegalities there because she's in the power, but if ever the positive motive will come in and brings brighter future for all of us whose willing to wait. I think two years and up would be enough in getting into maturity, since several bad days of experiences always matter and do give us harder times in learning from the mistakes of our actions.

If she will seat in the senate then there will be a huge effect in the cryptocurrency community, the community will be strong and many more people will adapt it because of she can influence many people because of her power. She can also explain it to other senate members because some of them do not understand the blockchain technology and it functions and uses.

[Lucius]

Then why you make a clickbait title, especially since it's not the original title of the article, if you think that the answer to your question is no? It's clear as a day that a single senator can't make the price go up or increase adoption, and everyone here knows it, except for maybe the most naive newbies.

The reason is very simple, he/she need to trick as many people as possible to open this thread and visit the site that is promoted all over the forum. Such posting should be allowed only in Press, and only if it is related to Bitcoin. From what I can see OP is just starting a thread and move to create a new one, zero discussions from his side.

I also agree with you and many others, one US senator can not change anything, especially one that has identical positions as Trump. We know his attitude towards Bitcoin, and squatter is posted a very nice quote about Kelly.

[Tramirostronix]

Then why you make a clickbait title, especially since it's not the original title of the article, if you think that the answer to your question is no? It's clear as a day that a single senator can't make the price go up or increase adoption, and everyone here knows it, except for maybe the most naive newbies.

The reason is very simple, he/she need to trick as many people as possible to open this thread and visit the site that is promoted all over the forum. Such posting should be allowed only in Press, and only if it is related to Bitcoin. From what I can see OP is just starting a thread and move to create a new one, zero discussions from his side.

I also agree with you and many others, one US senator can not change anything, especially one that has identical positions as Trump. We know his attitude towards Bitcoin, and squatter is posted a very nice quote about Kelly.

If she was the president of USA, yes it will change many things for us, but you are right it is trump.
I do not have anything against him (not my president) but his point of biew on the crypto world is not helping... after which president is a crypto fan or lover ? (if you have some names ).

[Gotumoot]

Sure it will have an impact, But we cannot guarantee that bitcoin will thrive even more.
Because many may have the potential to contradict his goal. Just like American's Prisedent Donald Trump and other senators, and they may even destroy people's belief in bitcoin because some newbie will possibly avoided bitcoin and some people that zero knowledge and awareness in bitcoin that actually see on television that bitcoin is not good to invest they will not invest and ignore bitcoin.

[1Referee]

If she was the president of USA, yes it will change many things for us, but you are right it is trump.
I do not have anything against him (not my president) but his point of biew on the crypto world is not helping... after which president is a crypto fan or lover ? (if you have some names ).

It doesn't matter who the president of the US is, there is no room for a competitor (Bitcoin in this case) to their own government issued currency. In that regard, I'm pretty certain that she will adopt an anti Bitcoin stance similar to Trump's. We'll see her narrative change to something like; blockchain is a great invention, Bitcoin not so much.

Politicians are backstabbers and compulsive liars. They have no problems betraying the had that fed them, or the people they made promises to.

[Tramirostronix]

If she was the president of USA, yes it will change many things for us, but you are right it is trump.
I do not have anything against him (not my president) but his point of biew on the crypto world is not helping... after which president is a crypto fan or lover ? (if you have some names ).

It doesn't matter who the president of the US is, there is no room for a competitor (Bitcoin in this case) to their own government issued currency. In that regard, I'm pretty certain that she will adopt an anti Bitcoin stance similar to Trump's. We'll see her narrative change to something like; blockchain is a great invention, Bitcoin not so much.

Politicians are backstabbers and compulsive liars. They have no problems betraying the had that fed them, or the people they made promises to.

Yes you are right, I was not thinking about bitcoin but cryptoeconomy in general (and the blockchain one too), polotics are telling you the truth as long as they know they it is possible to lye ...

But Yes, why do you need Bitcoin and crypto when you have the great Blockchain to cure everything !! ( )

[squatter]

It doesn't matter who the president of the US is, there is no room for a competitor (Bitcoin in this case) to their own government issued currency. In that regard, I'm pretty certain that she will adopt an anti Bitcoin stance similar to Trump's. We'll see her narrative change to something like; blockchain is a great invention, Bitcoin not so much.

That seems overly pessimistic. Bakkt is a business, Loeffler is a businesswoman, and Bitcoin is a speculative commodity. Hardly anyone views it as a competitor to the US dollar.

I think she'll just become rather tight-lipped about Bakkt and Bitcoin in general, now that she's in the spotlight.

[Lucius]

If she was the president of USA, yes it will change many things for us, but you are right it is trump.
I do not have anything against him (not my president) but his point of biew on the crypto world is not helping... after which president is a crypto fan or lover ? (if you have some names ).

If she were to become president...but that's just a hypothetical question, she has yet to become a senator. And by she is saying, nothing would change for you or me - it’s just a matter of how many new wars, military or trade, would be there to make our lives more difficult. Bitcoin shouldn't be so centralized that depends on one or two countries or their policy, and this is exactly what is happening now.

I know a candidate for US president Andrew Yang is Bitcoin-friendly, but he has no chance of becoming president. I also know that Belarus president Lukashenko is very crypto-friendly, he declared a 0% tax on all crypto-related business for 5 years, and he also has in plan to build mining farms near a new nuclear power plant. In Europe, they call him "the last European dictator", but at least he understands the potential and the opportunities Bitcoin can provide, unlike some supposedly large democracies who consider Bitcoin a mere threat and its user's criminals.

[oxgroth]

She may do something good for crypto but i dont think that she will have power to do something big

[Tramirostronix]

If she was the president of USA, yes it will change many things for us, but you are right it is trump.
I do not have anything against him (not my president) but his point of biew on the crypto world is not helping... after which president is a crypto fan or lover ? (if you have some names ).

I know a candidate for US president Andrew Yang is Bitcoin-friendly, but he has no chance of becoming president. I also know that Belarus president Lukashenko is very crypto-friendly, he declared a 0% tax on all crypto-related business for 5 years, and he also has in plan to build mining farms near a new nuclear power plant. In Europe, they call him "the last European dictator", but at least he understands the potential and the opportunities Bitcoin can provide, unlike some supposedly large democracies who consider Bitcoin a mere threat and its user's criminals.

Thanks for the details and the link I will take a look. Yes in Europe we love to call some people "dictators" when we do not have the same vision ...
After even if he was a dictator, everyone can have a good idea or a global vision