Biden and Cryoto

[Wenbing]

How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

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[Charles-Tim]

Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency.

[Kavelj22]

Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency.

Globally, i share with you this opinion. OP maybe want to discuss about crypto adoption in USA in specific with a new president (only two precedent presidents had to deal with crypto).
American policy toward every thing despite who is the president and what he really wants. The president himself express the policy vision of a whole party behind it. Today, the situation of crypto market in the USA is much better than the majority of countries considering how much authority forbid the use of crypto.

[Dragonfund]

How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

Trump administration made it clear to be anti crypto and don't want anything to do with it in their system. It's Us, their views are still the same. Biden doesn't own America either, doesn't rule it alone, he didn't put him self in the office but people did and the same people has been agitating for non cryptocurrency system but their bias traditional finance system.
All he can do, in my opinion is to relax the rules or cut some harsh regulations but believe me, they wouldn't want to legalise cryptocurrency as financial instrument and store of value.

[gantez]

Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency.

That is a major advantage that makes bitcoin the coin for investors who like being independent. Being decentralized makes it not to be anybody's business, currency or point of regulation. Obama, Trump, Biden and who next? won't have control over it but they can make hate speech like Warren buffet 

[deisik]

Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency

While Bitcoin is a decentralized currency, it is still used by people

Therefore, its prosperity totally depends on the people who are involved with it (read, it is both Biden and Trump in the given context). You simply can't get around this simple fact of life. As it stands, Bitcoin's success is not written in stone at all, and if people lose interest in it (for whatever reason), its days are numbered as is the case with pretty much anything out there. Why people might choose to abandon it is a different question, but it is entirely possible

[crzy]

How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

Is there a final result with the US election because it looks like there’s a chaos on-going. Anyway, Bitcoin continues to grow and that is not because of Trump but simply because many are slowly adopting bitcoin and if there’s a new administration, same thing will happen not unless the new president will make a statement about fully supporting Bitcoin then expect the price to grow more.

[AmoreJaz]

How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

Is there a final result with the US election because it looks like there’s a chaos on-going. Anyway, Bitcoin continues to grow and that is not because of Trump but simply because many are slowly adopting bitcoin and if there’s a new administration, same thing will happen not unless the new president will make a statement about fully supporting Bitcoin then expect the price to grow more.

biden wins the presidency but trump doesn't want to concede, but no law to concede. trump may vacate the white house quietly next year.
 anyway, whoever is the current president, will not make a significant impact unless as you said they will give a direct support to bitcoin or crypto. and i dont think they will give such direct standpoint when it comes to cryptocurrency.
on the other note, bitcoin is continuously enjoying the market price increase as we are more than 15k level now. guess adoption is really growing these days. and some people are now openly saying they have btc stash like druckenmiller, a billionaire hedge fund investor. certainly, he's not the only one out there, i bet there are more of them still silent with their crypto stash

https://www.coindesk.com/druckenmiller-invests-bitcoin

[Hydrogen]

Trump or Biden may not be very relevent as far as crypto goes. US Presidents traditionally appoint those with backgrounds in banking to key posts determining financial and economic policy. Some called Trump a sellout in 2016, after he appointed bankers to treasury secretary posts, the same as Obama did. Trump has often proclaimed his intent to drain the swamp. While following some protocols which are endemic to the swamp. In 2008 there were questions raised about then treasury secretary Henry Paulson having received a $40+ million dollar bonus as former acting CEO of goldman sachs. Some questioned whether there could be a conflict of interest present with past bank CEOs who received large bonuses, serving in key government positions of US economic and financial policy. All of this has seemingly become culturally normalized. No one seems to question it any longer.

Suffice it to say that there were no large deviations or discrepansies which contrasted financial and economic policy in comparing Trump's administration to Obama's. Not much contrast aside from Trump era tax cuts and a few other policies. Obama made an attempt to legislate significant financial reform on banks early in his 1st term. Which resulted in democrat candidates running for office having their campaign funding cut. This dearth in funding allowed republicans to retake the senate or house. Or both. I don't remember 100%. That historical precedent could prevent any elected US President from making a real effort to pass financial reform, the way Obama tried.

[Mpamaegbu]

That is a major advantage that makes bitcoin the coin for investors who like being independent. Being decentralized makes it not to be anybody's business, currency or point of regulation. Obama, Trump, Biden and who next? won't have control over it bupt they can make hate speech like Warren buffet 

At any point in life we still need people in our space. The axiom "A tree doesn't make a forest" lays credence to this fact. The above people you mentioned can still speed up or delay the progress of Bitcoin despite it being a decentralized crypto. It's the same way its progress has been delayed so far because Trump bashed it. Imagine if Trump supported it, don't you think a lot of people (billionaires inclusive) would've keyed in and bought? A community crypto needs people to grow and Bitcoin is one. However, I don't think Biden will want to promote Bitcoin. He would rather play safe except he is beaten into it by the crowd because he seems someone who will want to dance to the tune of the crowd. Biden looks more like a puppet to me than a real deal.

[erikoy]

We coule only get an irrelevant answers to the question because as we expected the new administration is prioritizing on the pandemic problem and not the cryptocurrency. Maybe we can hear good news after some time or when this pandemic will going to end. Hopefully soon because I think most of us missed the old normal and not this new normal which is not very pleasing and all are following protocola as mandate by the health organization to avoid the spread of the virus.

[Wenbing]

Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency.

You can't rule out policies from business, as there is an interwoven relationship between the two.

Wether decentralized or centralized, change in political landscape can change the ordinances of things.

Especially, when it is the politics of the most powerful country in the world.

[laredo7mm]

How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?

Actually, I think the USA govt thinks of crypto as a threat to their economy. Becasue if crypto became the first payment system then they will lose their kingship over the world economy. As we all know trump was a anti-crypto minded but I think Biden will be more tolerated than Trump for crypto space. But It doesn't matter. Crypto is a decentralized space and it will prosper in anyway.

[deisik]

However, I don't think Biden will want to promote Bitcoin. He would rather play safe except he is beaten into it by the crowd because he seems someone who will want to dance to the tune of the crowd. Biden looks more like a puppet to me than a real deal

But was Trump a real deal?

And even if he was, how much did it help crypto? Next to none, I guess. In fact, people like Trump are more easily manipulated by their circle ("court") than people like Biden who only looks like he is a puppet. Remember the age-old adage that the greatest trick the Devil ever pulled was convincing the world he didn't exist? It's applicable here (also the one about the barking dog). And I would say, Biden may turn more pro-Bitcoin if he wisely chooses not to touch this topic and announce his stance at all (unlike Trump)

[Mpamaegbu]

But was Trump a real deal?

I never said he was a real deal. If anything, I said 👇

It's the same way its progress has been delayed so far because Trump bashed it.

And I would say, Biden may turn more pro-Bitcoin if he wisely chooses not to touch this topic and announce his stance at all (unlike Trump)

If I were you, I wouldn't count on those old men to do anything meaningful for Bitcoin or the crypto industry. This is a terrain these old men know next to nothing about. Bitcoin is a tech for the upward moving generation, not some traditionally business minded individuals.

[Wenbing]

Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency

While Bitcoin is a decentralized currency, it is still used by people

Therefore, its prosperity totally depends on the people who are involved with it (read, it is both Biden and Trump in the given context). You simply can't get around this simple fact of life. As it stands, Bitcoin's success is not written in stone at all, and if people lose interest in it (for whatever reason), its days are numbered as is the case with pretty much anything out there. Why people might choose to abandon it is a different question, but it is entirely possible

This is one of the most interesting and critical opinions on this thread.

You see, whatever that involves people is affected by politics and policies.

People tends to believe what the government supports, and the opposite is the case for what the government doesn't believe.

The rate of bitcoin growth will be 1000% if 🇺🇸 government endorsed it.... 🤔

[wheelz1200]

But was Trump a real deal?

I never said he was a real deal. If anything, I said 👇

It's the same way its progress has been delayed so far because Trump bashed it.

And I would say, Biden may turn more pro-Bitcoin if he wisely chooses not to touch this topic and announce his stance at all (unlike Trump)

If I were you, I wouldn't count on those old men to do anything meaningful for Bitcoin or the crypto industry. This is a terrain these old men know next to nothing about. Bitcoin is a tech for the upward moving generation, not some traditionally business minded individuals.

Unfortunately most of the time it will be these older individuals creating and enforcing the way we treat crypto as a nation.  If that's the case then full fledged integration might take a generation, so when people who grew up with crypto are making the rules it is something that won't scare them.  A lot of things takes a generation or 2 to get mainstream...like computers. 

[20kevin20]

If governments ever endorsed it, I'd be kinda suspicious about their endorsement. Bitcoin is not something they want, so endorsing your enemy is against my logical way of thinking. I feel like we take these elections too much into account when speculating Bitcoin's price. Biden's support is obviously necessary if we want Bitcoin to grow under his governance, but it's not required. Bitcoin goes on its own path.

Why people might choose to abandon it is a different question, but it is entirely possible

There are reasons such as something better than it popping up. If nobody thought of the idea of Bitcoin before (or thought about it but never put it into reality), we may not have any idea what other decentralized currency could be coming up soon. Maybe something that will be more fair than Bitcoin, more decentralized, more flexible and scalable, under a different structure than blockchain and much easier to use.

[sheenshane]

The decentralized nature of cryptocurrencies wouldn't get affected by any president in any country in terms of legalization for IMO.  When we say legal it automatically subjects the thing into government's law and that will make it tied up to any government institution as cryptocurrency will become under the central bank, and because of this we just need to wait and see who among these current presidents around the globe will make Bitcoin as legal and know the jurisdiction they will be implementing on it.

Regardless of whose ever will be taking the presidential post, the only thing they can do is to implement some rules and not legalizing it because the ideology of Bitcoin is a decentralized currency and couldn't be subject to the jurisdiction of any central bank.

[ampu]

Biden stopped calling on the Fed to print money, and that caused the entire market to fall in the short term. That could affect the growth of the entire crypto market. The Crypto market is too small compared to the rest of the world so we shouldn't worry too much. Compared to the potential of blockchain technology and their applications, I find we should be optimistic about the crypto market no matter who becomes the next president in the 2016-2020 term.