Biden and Cryoto

[oHnK]

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

Yes I believe so too, they just don't open up to Bitcoin.  Until now, Biden's attitude also does not support crypto explicitly, but that's not a problem because bitcoin is legal in that country.  Currently, even many companies are hedging with Bitcoin, because currently fiat money is not a promising thing.  So Biden or not, Bitcoin has its own place to grow, it is not a seasonal asset, it has been proven for years.

[palle11]

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

No need waiting for it because it may not come or won't be in this generation, we can't be waiting and not to invest the little we can now instead we to wait till it because higher from endorsement from government. Many still making money in this generation from bitcoin. The level of increase of the price in the recent move can tell you the bull time is for profit taking.

[emmaglory5]

Biden victory 'will trigger stampede into bitcoin'. Analyst Max Keiser believes next US president's economic policies and stance on China

Joe Biden's picks to head up key regulatory agencies could redefine crypto policy in the coming years. Exactly how remains an open question.

[Fesatmas]

I think bitcoin is not entirely controlled by a particular country, bitcoin stands on the global system. As for technical support, there is a slight worrying impact. In terms of alignments, Biden has not yet fully stated his 100% support for bitcoin. but still from my point of view ,, Biden is a person who is quite open and will support. because in the next 100 days Biden will prove his performance that supports everything that is the right and freedom of the world market under his control, while providing fresh room for US profits.

[Sapphire915]

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.

Exactly. I also believe that Americas newly elected President Joe Biden had nothing to do with bitcoins movement and popularity. Bitcoin doesnt depend on the hand of Biden to grow or fall in the market because it is created decentralized and liberated. There might be changes in the US crypto rules in the future but I guess its impossible because he might pay attention first to what is currently happening in the world and the biggest problem that America is dealing with. somehow, we should expect more and more investors and wider adoptions of bitcoins all throughout. The benefits and great profits it gives us will continue to shower through all humankind across the globe.

[tomahawk9]

Biden victory 'will trigger stampede into bitcoin'. Analyst Max Keiser believes next US president's economic policies and stance on China

At least post the source. Here: https://asiatimes.com/2020/11/biden-victory-will-trigger-stampede-into-bitcoin/

Btw, Max also said this in an interview with the Cointelegraph last month:

Max Keiser: A Biden win means a win for corruption and the Deep State so I would expect Bitcoin’s price to bolt higher as people panic-buy unconfiscatable Bitcoin before Biden’s socialist, jackbooted thugs start confiscating everything in a replay of 1938 Kristallnacht.

LOL i like Max, whenever i read one of his interviews, he's always bullish on Bitcoin...but dammit, this is just too much, even for his standards  

[deisik]

But was Trump a real deal?

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

I was just asking

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

I don't count on them

Trump seems to be a lame duck already (even if he personally thinks otherwise), so we can safely write him off ("terminate", in his own terms). Regarding Biden, that's the whole point that he should understand he knows nothing about crypto and accordingly does as much. Bitcoin would do just fine without either if only they weren't or wouldn't be putting grit in the machine (what Trump had been doing all his presidency)

[petyang12]

If it's about bitcoin adoption in the US then only Biden knows if he will adopt bitcoin in their country. If biden know about bitcoin but doesn't adopt bitcoin then it's another story.

[deisik]

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

Well, that largely depends on your point of view

In this case, on the point of view of a particular government, of course. It is certainly true with respect to nations issuing their own fiat money, for example, dollars, rubles, whatever. But there is a small number of nations as well that don't enjoy a fiat currency of their own invention (say, Panama or Ecuador). Instead, they are using a currency of some other country (in the total majority of cases, the American dollar), and in this very specific case, such countries may actually take a genuinely friendly stance toward crypto. The same approach seems to be applicable, at least to a degree, to some countries in the Eurozone, which are not altogether hostile to Bitcoin and its little cousins

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

I'm always telling the same thing essentially, that we can't envisage what future technologies will be like as otherwise they wouldn't be future technologies anymore

[thesmallgod]

I think trump doesn't like crypto. He has made statement indicating his displeasure for the coin so I don't think we are going to see any worse than that in the newest regime. However, Biden seems to always want to listen and shares different people view on anything before deciding so I literally think it is not likely he will hate crypto like trump a lot of businesses in the united states including coinbase are doing great. I wouldn't think anything will stop the evolvement of the crypto in US

[blockman]

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

What are your views?

Whoever is the US president, crypto will keep establishing itself and its price is inevitable to increase. One of the biggest reason and factor is the halving and also the mass adoption that we're seeing lately in the news. Those two are sufficient to see the increase in demand and by the end of it will result to a greater price. There could be some changes if Biden gets an eye on crypto and whichever he decides to do, negative or positive, there will be a temporary effect.

[Sergio_CA]

Looking at the events of the last few days, we can say that until Biden's ownership the financial market as a whole will follow a trend of volatility, not to mention the advancement of covid-19 in Europe and the USA.
However, in the Biden administration a senator, sympathetic to Bitcoin, which even has open positions, can boost Bitcoin's popularity as well as adoption in the U.S. There will probably be at least greater attention and reflection on the topic.
But, I think that Bitcoin will have an acceleration in its price with the increasing expansion of the Chinese market, because even in the face of the global crisis China had a projected growth of 5.8%.

[Mahanton]

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

What are your views?

Just to have some questions in mind on why people are really fan on tagging along those external events with Bitcoin? Yes, these might be powerful leaders and can really
be shaken of the market but this will only be applied into those traditional markets like forex and stocks but for cryptocurrency? Its a no.. This is why its somewhat
wrong for you to think of this way where you do make up some fundamentals into your own analysis which you cant even know if its really affecting or influencing or not.
So its better to stick out with other ways which seems to be more relevant than on this one.

[Twentyonepaylots]

The decentralized nature of cryptocurrencies wouldn't get affected by any president in any country in terms of legalization for IMO. 

I agree, no matter how these presidents influence people if people are wary of such thing they won't get affected, so what if Biden isn't in favor of any cryptocurrencies, would that change a thing in crypto? maybe it would reflect in prices but how can we know that? perhaps there will be significant change in crypto tomorrow if Biden says no more crypto in USA today.

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.

No matter how negative or positive their view on certain things, they can't get emotionally with any law that they are passing it needs to be studied.

[stompix]

Topics here are going down the drain when it comes to quality..

Let's not mention the fact that the author did;t manage to write a 3-word title without ** it up, the whole OP is ..let's discuss. But of course, did you expect an opinion from the author himself? That was way too much to asks.

LOL i like Max, whenever i read one of his interviews, he's always bullish on Bitcoin...but dammit, this is just too much, even for his standards  

Mak Keiser is bullish on everything that might take down the $ and the US, gold goes up, it's the end of the dollar, oil goes up it's the end of the US, oil goes down, it's the end of the petrodollar, gold goes down it's good for the countries that buy gold to topple the US.

He's just a puppet of the Soviet propaganda, yeah, I'm using the term soviet as it's way more fitting for what he does that simply Russian.

Oh and for people criticizing Trump, remember that in his first year as president the price jumped from 1k to 20k  

[deisik]

He's just a puppet of the Soviet propaganda, yeah, I'm using the term soviet as it's way more fitting for what he does that simply Russian

And while we are at it, let's recall that Trump himself was suspected of being Kremlin's agent, and that was kinda official (given the investigations)

Oh and for people criticizing Trump, remember that in his first year as president the price jumped from 1k to 20k

It went up once

But it massively crashed twice during his presidency as well (to nearly 3k and 4k). So the net effect of his rule on Bitcoin prices remains to be evaluated and, most importantly, we should find out whether there is such an effect in the first place at all before we go any further

[slapper]

Prosperity has always existed in bitcoin no matter who becomes the president of the us. There have been several arguement whether bitcoin benefits or not when Biden becomes the next president. The answer is bitcoin do not need a political element to affect its inherent strength.

Any president of the US will not want to involve in such kind of technology. The decentralization totally against the whole organization. They only want to impose tax on bitcoin and when they understand they can not do that in a proper way, they choose to ignore it.

People like us are the ones who benefits ourselves a lot with bitcoin. We have our privacy, we become anonymous, we are able to hide our footprint on the internet and we avoid being weakened by inflation. So honestly, i do not need to know who the next president to buy bitcoin.

[CarnagexD]

With all the years inside bitcoin's bag, I can't understand why we still have to take into account things that weren't even related to bitcoin at all like the president. Bitcoin will prosper with or without Biden as it is not secluded in a single country. It's decentralized, meaning it goes beyond borders.

[hahay]

I personally don't know if there was a topic about bitcoin and crypto in the presidential debate yesterday, because this topic might be there. But I just want to assume that if bitcoin and crypto might prosper, I believe that the governance that is created in the future will probably be more accepting of digitalization so widely that it is possible for bitcoin and crypto to be more accepted and more developed in the future. At least the best hope is always there, but if things get worse, then we also have to be prepared for all the decisions that are made later.

[Yatsan]

Why is there a need for crypto to be related into politics when at the first place no matter who it is on the position, crypto will still prosper because of the investors support for it. Yes, it might be thinking and considering that because of the institutional investors that is why people are always relating crypto with the political topics starting off with the start of the election campaign until the election day up until now that Biden becomes the newly elected president of the USA. We certainly do not know what is the stand of Biden with regards to the topic of crypto for what the newly elected president's focus as of now is the welfare of its people with regards to the fight against the covid-19 pandemic. But let us just all hope that good thing will still happen even the change of the administration will happen from Trump going to Biden although the relationship on it with crypto is not that clear for crypto lies on the people's demands and not with who is in the position.