Biden and Cryoto

[Kong Hey Pakboy]

From my perspective, whoever will be the president in the US between Trump and Biden, the crypto market will stay the same because both of them didn't make any stance during their presidential campaign. But I think bitcoin's will continue its momentum on raising its price because whales continuously influence bitcoin's price during the US election day.

[coin-investor]

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 will the same as long as Biden is not taking anything against Bitcoin we are ok even if we don't have support coming from the Biden administration, but it will always an advantage if we have leaders supporting the cause of Cryptocurrency, because leaders always have a say on the policy of the country, I'd like to see in the future Biden openly supporting Bitcoin, it will make a big pump it this happen.

[CyberKuro]

From my perspective, whoever will be the president in the US between Trump and Biden, the crypto market will stay the same because both of them didn't make any stance during their presidential campaign. But I think bitcoin's will continue its momentum on raising its price because whales continuously influence bitcoin's price during the US election day.

But after Biden elected as the next president, the market movement in a somewhat positive way to this point, although they won't affect the crypto market significantly.
Bitcoin users, traders, and investors in the US are one of the biggest compared to other countries, so as long as the authorities do nothing about the current market situation, crypto will grow like the way it is now, and bitcoin still has a big chance to be better electronic cash in terms of utility and value.

[sujon5]

"Is Biden good for crypto?" becomes a hot topic last days. The president isn't interested in crypto and its future developing. He is neither crypto supporter, nor a person against it.
Check out this article
https://www.financemagnates.com/cryptocurrency/news/will-the-biden-administration-be-good-or-bad-for-crypto/

[BTCappu]

From my perspective, whoever will be the president in the US between Trump and Biden, the crypto market will stay the same because both of them didn't make any stance during their presidential campaign. But I think bitcoin's will continue its momentum on raising its price because whales continuously influence bitcoin's price during the US election day.

Yeah I do think the same that they wouldn’t do anything bad about bitcoin, no matter who it is that wins the election bitcoin will continue to flourish. By now they will have understood how good bitcoin is, there are already so many companies in the US that are buying bitcoin and adding it to the assets they have, that’s a sign that they are starting to value Bitcoin and truly understand what it is all about.

So, no government will come on and just ban it, by doing that they are going to be frustrating a lot of companies and exchanges there.

[bitgolden]

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

I disagree. I think 1 million Nigerians holding 1 satoshi each worths a lot more than 1 Canadian holding 100 bitcoin, not because of price reasons because price could change with one Canadian over 1 million Nigerian, but more about PR and adoption reasons.

When there is 1+ million new people going into crypto that means there is a whole nation that is more crypto friendly, when they are more crypto friendly that means they will benefit the most from increases, when they benefit more that would make other smaller nations jealous and they will get involved as well, when they get involved together that means they will spread like wildfire and everyone will get involved. Just one guy from Canada can't do that, he can afford to increase the price short term but a million people will have a bigger impact in long term.

[3meek]

Why should Biden have any influence on the cryptocurrency? This old man is almost 80 years old... I don't think he can think of anything about it! The main thing is that his advisors do not start telling him about terrorists and drug dealers using bitcoins and other horrors!
Bitcoin will survive Biden and more than a dozen generations of US presidents, and nothing will happen to it!

[slapper]

Why should Biden have any influence on the cryptocurrency? This old man is almost 80 years old... I don't think he can think of anything about it! The main thing is that his advisors do not start telling him about terrorists and drug dealers using bitcoins and other horrors!
Bitcoin will survive Biden and more than a dozen generations of US presidents, and nothing will happen to it!

Totally agree. There is no connection between Bitcoin and this old man. Furthermore, i have never seen any Us president doing somthing with bitcoin.

I believe that bitcoin keeps developing no mstter who us the leader of thr US. Ĺ

[error08]

Why should Biden have any influence on the cryptocurrency? This old man is almost 80 years old... I don't think he can think of anything about it! The main thing is that his advisors do not start telling him about terrorists and drug dealers using bitcoins and other horrors!
Bitcoin will survive Biden and more than a dozen generations of US presidents, and nothing will happen to it!

Totally agree. There is no connection between Bitcoin and this old man. Furthermore, i have never seen any Us president doing somthing with bitcoin.

I believe that bitcoin keeps developing no mstter who us the leader of thr US. Ĺ

Unless they emanate regulations that are detrimental to bitcoin and exchanges, it would affect the market significantly, but yeah they have never done this.
No point to bother exchanges as they bring an open book for everyone involved in cryptocurrency and paying good taxes as well.
Any crime involving bitcoin will result in the authorities confiscating it for auction later, good funds for the country.

[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

I disagree. I think 1 million Nigerians holding 1 satoshi each worths a lot more than 1 Canadian holding 100 bitcoin, not because of price reasons because price could change with one Canadian over 1 million Nigerian, but more about PR and adoption reasons

Okay, 1 Canadian is worth less than 1 million Nigerians despite being wealthier. But what about 1000 Canadians vs 1 million Nigerians if Canadians are collectively worth x100 more than Nigerians in simple monetary terms?

When there is 1+ million new people going into crypto that means there is a whole nation that is more crypto friendly, when they are more crypto friendly that means they will benefit the most from increases, when they benefit more that would make other smaller nations jealous and they will get involved as well, when they get involved together that means they will spread like wildfire and everyone will get involved. Just one guy from Canada can't do that, he can afford to increase the price short term but a million people will have a bigger impact in long term

I would agree with you if it were about real use in real life. Then it would be a markedly different development. But since it all boils down to speculation so far, a million people won't and can't have a bigger impact on the market than just one man if he is worth more. In this case, it is simple math and nothing else

[nelson4lov]

Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

[Twinkledoe]

Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

I also don't think they will have significant impact on the current state of crypto. Because they will not directly support the usage of crypto or bitcoin for some reasons like not to disrupt the current financial system. So for me, with or without him, our crypto activity will go on and continue to thrive. BTC already reached this far without their support, so don't think we will need them to move forward.

[dimonstration]

Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

Good thing about Internet is we will be able to base our ideas and do research on our own, unlike in the years passed wherein people depends on the government whether tmsuch investment will be good or not, Now, people have their own capabilites to study and understand them by themselves without the limiting power of whoever president is assigned as long as they will not ban it on their country it is fine.

[casperBGD]

Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

yeah, Bitcoin should not be dependable to Trump or Biden, because it is a global decentralized network, and should be prune to political changes in ideal situation
of course, we do not live in ideal situation, and some law and regulation changes could have a lot of influence on Bitcoin acceptance

[ice098]

Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

yeah, Bitcoin should not be dependable to Trump or Biden, because it is a global decentralized network, and should be prune to political changes in ideal situation
of course, we do not live in ideal situation, and some law and regulation changes could have a lot of influence on Bitcoin acceptance

Yes if a government will take over or regulates this thing expect that bitcoin is no longer our bitcoin before, or the feuture of it will be lessen we cannot fully maximize bitcoin and could be result to price drop because of this thing. I would be happy if they will not ban people  to use it, nothing else.

[gabbie2010]

Whether it's Trump's or Biden's administration, I don't care, all I know is that bitcoin will still keep breaking limits, we don't need any of them to know where crypto is heading to, just like we didn't need them years back, cryptocurrency is way bigger than these two people it's global now and it is a decentralized currency so all people who use will decide if it will keep prospering or not, even Trump who is an anti crypto  couldn't stop it from prospering, so we don't need these two to know the fate of crypto.

I also don't think they will have significant impact on the current state of crypto. Because they will not directly support the usage of crypto or bitcoin for some reasons like not to disrupt the current financial system. So for me, with or without him, our crypto activity will go on and continue to thrive. BTC already reached this far without their support, so don't think we will need them to move forward.

If Trump administration despite his influence and as a head of a world power could not take any negative decision against Bitcoin even though he is not a fan of Bitcoin neither will Biden administration take any decisive action against it too.
A supporter of Biden donated some amount of funds toward his campaign with Bitcoin, his administration will quite  lend his support towards cryptos, I believed his coming to power will ensure formulating new policies that will ensure more growth and adoption of Bitcoin.

[bittick]

Don't expect too much. Remember the recent hacking occured to biden's social media account by some random hackers that demands donation in btc? Pretty sure it's gonna gives a bad impression to biden and now he's president.
However crypto just gonna be normal like this in the future I suppose. I mean many people in the US already knows crypto and what government need right now is the law for them to tax it. Keeps your expectation low I guess.

[raidarksword]

As bitcoin's concern it cannot be govern by anyone else by government or banks because it can live and prosper on its own thru the support of the crypto communities, adopters like us and investors most importantly. It will not matter who's the president will be because bitcoin is independent that can overcome adversaries and cannot be slow down by any political issues. In fact, bitcoin is soaring despite the bad economy due to corona virus crisis.

[iamsheikhadil]

I think Biden is more open to new ideas than Trump. Trump once tweeted how he considered Bitcoin and crypto to be fraud and money from thin air. While the approach of Biden is a bit different. He is open to new ideas and uses of technology. With "science" as in his manifesto, I think he will look into the matter of Bitcoin and Crypto with positive eyes.

[proTECH77]

Biden really promise during his campaign rally that he will do something that will give all the crypto users joy, if they vote for him become US president. Biden is man many people want to become the president of US because he is a hardworking man which he will do everything possible to make bitcoin and crypto users to improve in the area of exchange market. I think with the promised Joe Biden made during his campaign show he will definitely tell the central bank to print more money to support all the crypto users to invest more and earn more in their business. Biden administration will really concentrate on economy of the country and institution which will help the citizens to improve in their business and also in their studies in the country.