Biden and Cryoto

[AniviaBtc]

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.

It is really hard to predict what will happen next in crypto world in US when Biden won this election.

I'm only hoping for a positive happenings in bitcoin community and I'm not judging Biden's administration but I hope that he also cares about the cryptocurrencies.

But as bitcoin is really popular nowadays, and it become more popular during lockdown and quarantine, I think bitcoin will still prevail and have an increase in its price no matter what. As we know that bitcoin is volatile, we just need to observe the market and make a lot of predictions that we can rely on.

[goaldigger]

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

What are your views?

We will know if Biden already seat on the Whitehouse since right now, we can just speculate and those words of either Biden or Trump right now is just for the sake of election, their real work will begun soon and we’ll see if Biden can really support cryptocurrency. We know Trump, support bitcoin before and after that Trump says they didn’t recognize Bitcoin at all, and in the past months Trump says Bitcoin is a big thing, so in short everything is possible to happen.

[aioc]

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

What are your views?

It's hard to give a correct answer when Biden is not announcing anything if he is in favor or not, but during the times of Trump we have no problem on adoption and it's never an issue, but it will be easy if Biden openly supported Cryptocurrency, we all know the United States is a powerful country and almost everything starts here.
Every one has their own speculation on what's going to happen after Biden assume office, they say it will go down some sectors says it will go up.

[1l1l11ll1l]

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

What are your views?

We will know if Biden already seat on the Whitehouse since right now, we can just speculate and those words of either Biden or Trump right now is just for the sake of election, their real work will begun soon and we’ll see if Biden can really support cryptocurrency. We know Trump, support bitcoin before and after that Trump says they didn’t recognize Bitcoin at all, and in the past months Trump says Bitcoin is a big thing, so in short everything is possible to happen.

yes, I saw it too. Trump said that he does not support bitcoin because it has no real asset basis and according to him the price is determined based on "thin air", but if he has changed, of course that's a different story. Same as JP Morgan in 2018 who said that bitcoin was a fraud.

[Lynfax]

How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.
What are your views?

As far as I know there are more pro-crypto democrats than republicans. So as we assume that there will be more democrats in US in nearest years - there will be more space for crypto to develop

[Harlot]

This had happened to Donald Trump when he won the election last time Bitcoin jump high but the rest of the years follow you will see that it had slump and even got down below to 10,000$ by the end of the year. The same thing will happen with Biden, the US presidency has nothing to do with the general market movement of Bitcoin no matter what the connections they are trying to say it is just a small portion on what creates the movement for Bitcoin there are still factors that directly affect Bitcoin especially on its demand.

[Leviathan.007]

To be specific, there is no difference between Biden or Trump because Bitcoin is decentralized and not directly related to any government, including US government. Also the US financial regulations are same in any situation unless someone changes it. So there won't be much difference. However, in the Biden unofficial cabinet list there are some crypto and bitcoin friendly people and this can be positive news for bitcoin. But, I don't expect much about Biden himself, because he is a 77y old political man with defensive thoughts.

[Dorodha]

The crypto market is generally rising based on demand crypto has nothing to do with Biden and Trump. Crypto no one can control. if the amount of investment in the crypto market decreases the market may go down but Biden and Cryoto will not have a negative impact on the government of any country. As the demand increases the crypto market will rise the demand for Bitcoin has increased compared to the past, everything has been damaged due to the epidemic but the price of Bitcoin has increased the development of Bitcoin will not stop but the number of investors may decrease.

[Febo]

In general it dont matter who the president of USA is. Not for Bitcoin. Whoever will be will spend more then USA will produce and increase debt. So main reason why Bitcoin was created will exist under any USA president. Yes, Bitcoin likes uncertainty, so should flourish more under Trump, but on other hand could be less volatile under Biden and that is also good.  

[themohit]

If we base crypto on the performance of a country then what is the point of it being decentralized in the first place. I do not think that a government administration would have that much influence in cryptocurrency unless it is a CBDC, the nearest thing that we can call an influence between crypto and government is coincidence.

I think cryptocurrencies backed by countries (not cbdcs) are sort of dark horses, because we can't be completely sure whats going to happen if we'll see one.

[BrewMaster]

it doesn't matter one bit unless the president of US or any other country starts either being super positive towards bitcoin or the opposite, super negative. otherwise they are all the same.

and i am surprised that among all these talks about someone who is not even in the office yet noone mentions what Trump may do in his last days as POTUS and how he may ruin the economy as he is being booted out as the only one-term POTUS ever. and that ruin could help boost bitcoins position a lot.

[deisik]

To be specific, there is no difference between Biden or Trump because Bitcoin is decentralized and not directly related to any government, including US government

Not directly related doesn't mean unrelated

Kinda truism but still. If Trump administration (let's assume he doesn't leave the House) or Biden administration seriously cracks down on crypto, we will quickly realize how much, or how little, for that matter, Bitcoin is "decentralized" in terms of its price depending on the lack of hostile actions against it by the powers that be. The harsh truth is, Bitcoin is just too small (read, tiny) to give a real pain in the ass of policy makers, or puppet masters if you will. It is easier to simply ignore it than to actually fight it

[suzanne5223]

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

What are your views?

Biden administration or not, before the recognition of Bitcoin, Blockchain and others cryptocurrency by any government around the world Bitcoin prosper through the bond of the community and it potentials but we just need the recognition of the governments to make crypto mainstream so you don't need to bother yourself about the stance of Biden when it comes to cryptocurrency

[Dragonfund]

If we base crypto on the performance of a country then what is the point of it being decentralized in the first place. I do not think that a government administration would have that much influence in cryptocurrency unless it is a CBDC, the nearest thing that we can call an influence between crypto and government is coincidence.

To be honest and fair, grading cryptocurrency by performance, I will say US isn't the top country that will take first few lists. Despite some huge and influentials from San Francisco, I wouldn't give it to them. Malta and Canada has been Bitcoin friendly in my opinion.
I can recall Donald Trump tweet back in 2019 when he said he was never crypto friendly and never believed on value created on thin air with zero security level. That shade lots of blood that tank BTC price and altcoins for several days before they became stabilized.
Either Biden or Trump, let's forget about top World leaders and cryptocurrency, what we need to focus on is adoption, gradually we will get there with time.

[Rexler]

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.

I totally agree with you man, bitcoin is completely decentralized and doesn't depend on anyone to prosper, after all even when the trump administration made it clear that it was an anti crypto, bitcoin was still doing just fine, infact more people got to know it and the adoption has increased tremendously over the last couple of years, last month PayPal started accepting bitcoin deposits,buying and selling on their platform, so this shows that bitcoin is bigger than one man or one country, it's global now.

[beerlover]

Decentralized is nature of blockchain and the tech, not the price. People assume just because you could make the technology behind crypto decentralized, the price should be decentralized as well but that is not the case. If Biden comes out and says that he will federally ban everything regarding crypto, from buying to selling to spending or even owning any, and if European countries join him and all of them bans everything about it as well, the price will go under 1k each and that is certainty for me.

However we all know that will not happen, yet that is a possibility and that means it is not decentralized when we are talking about the price of bitcoin. What is decentralized is the fact that there will be max 21 million and it is mined certain amount per day, those things can't change for example, simply the code of it can't change, how much we pay for it can totally be manipulated.

[redsun114]

Just be positive for once, it’s not going to fail. There are more important issues he should be talking about when he’s in the office, Bitcoin is not a threat.

Although some people are fond of bringing up things like Bitcoin is being used to find terrorism and that’s it’s for money laundering and all that that, but that’s not enough reason to stop Bitcoin, rather we should be looking for means to solve those problems and make bitcoin safer for everyone and also seem less of a threat. So I know or sure that he will have one of those targets to regulate the cryptocurrency environment, but let’s always how for the good and not the bad.

[teosanru]

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

What are your views?

The way we saw the price climbing up shows people are more positive about Biden and Bitcoin than Trump and Bitcoin. I think technologically both right and left have been wanting to bring in revolution so it hardly matters whether it's Trump or Biden both are going to be pro-technology. But obviously Democrats being more liberal chances are that Bitcoin would be better under Biden. I am amused few people thinking that nothing in this world can stop Bitcoin from prospoering unfortunately this isn't the case every political move effects the adaptability of such a technology. I know a few states in my country which didn't get computers and machines until late 2000s merely because they would hamper jobs and government was ultra socialist. Bitcoin needs to get legal sanctions from all around the world otherwise it would just become a dark net currency.

[Sterbens]

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.

In 2019 the United States was named the largest bitcoin user country with a range of 38%, followed by China 28%, Britain 16%, South Korea and Japan with a range of 10%. this indicates that Trump's position at that time had a big impact on bitcoin.
At this time 2020, Coinmarketcap revealed that the top countries with the largest increase in the number of cryptocurrency users including India, Pakistan, Colombia, Canada and Nigeria were included in the category of one of the user segments that increased the most in the first quarter.
So I don't think America's position in 2020 or the coming year is the main reason for bitcoin. there will be many other countries that have the potential to replace America.

[deisik]

At this time 2020, Coinmarketcap revealed that the top countries with the largest increase in the number of cryptocurrency users including India, Pakistan, Colombia, Canada and Nigeria were included in the category of one of the user segments that increased the most in the first quarter

The devil is in paying precious attention to detail

Or, as Mark Twain put it (actually, it was Benjamin Disraeli), there are three types of lies, among which statistics are the most insidious form. More specifically, it is not just the number of users that counts, but also how much of the total coin supply they have accumulated in their wallets. In other words, if 1 million Nigerians hold 1 satoshi each, that doesn't make Nigeria a top dog in the cryptocurrency pit. I think the same is equally applicable to India, Pakistan and Colombia