Biden and Cryoto

[FlightyPouch]

Well, it is said that people are hoping that the newly elected president of the United States, Joe Biden would be good news in the community of the crypto currency. It is not Biden that they are looking forward to but some officials that might be chosen by the President himself who might be a supporter or sees a great future with Bitcoin and cryptos.

[SquallLeonhart]

Even if Trump wanted to crash all crypto and went into rage mode, that would be short term and not a long term deal. Sure bitcoin would have went down a bit, hell if they for real banned it instead of just Trump tweeting about it, it would actually went down a lot. Think about USA, one of the biggest nations financially just bans all crypto in that nation as a whole, that would have hurt crypto for years to come.

However it would never crash, it would never go away for good, it would be there for taking and it would really just make it quite easy for us to buy low when it is like that and wait for few years and it would have been back to where it is today. Bitcoin is not something that stays down for long, no matter what happens eventually it gets back up, Trump or Biden it would have increased, even if it went down for a reason, it would have recovered eventually.

[sayaya17]

Speculate about Bitcoin and crypto anyone is entitled to. But regardless, anyone can’t control bitcoin, even if it’s the president.
Now that Bitcoin is very familiar and popular, many people already believe in bitcoin and make bitcoin a profitable investment asset.
Regardless of what and how Biden treats crypto and bitcoin, it won’t make bitcoin fade and weaken. Because we know,
when the Trump administration didn’t support bitcoin, bitcoin doesn’t crumble. Even if Biden applies the same, it will not affect bitcoin.

[Traderbtcc]

I really don't get why most people feel like the fate of crypto or bitcoin rest on who ever sits on the presidential seat in the white house, for God sake bitcoin is decentralized digital currency which means it is not controlled by any government, so it has nothing to do with either Biden or trump, the only currency that has anything to do with them is the US dollar "$" and not bitcoin, cus it doesn't depend on any government, so with or without any of them, bitcoin will continue to prosper.

[ardentvolcanoes]

Speculate about Bitcoin and crypto anyone is entitled to. But regardless, anyone can’t control bitcoin, even if it’s the president.
Now that Bitcoin is very familiar and popular, many people already believe in bitcoin and make bitcoin a profitable investment asset.
Regardless of what and how Biden treats crypto and bitcoin, it won’t make bitcoin fade and weaken. Because we know,
when the Trump administration didn’t support bitcoin, bitcoin doesn’t crumble. Even if Biden applies the same, it will not affect bitcoin.

The fate of bitcoin continue to be in the hands of it's believers, now that there are many people who are involve to this market plus new businesses

to also start the adoption, there's no stopping now whoever will sit as president even this powerful nation, maybe little interruptions but majorities

will still be decided by people around this industry.

[deisik]

I really don't get why most people feel like the fate of crypto or bitcoin rest on who ever sits on the presidential seat in the white house, for God sake bitcoin is decentralized digital currency which means it is not controlled by any government, so it has nothing to do with either Biden or trump, the only currency that has anything to do with them is the US dollar "$" and not bitcoin, cus it doesn't depend on any government, so with or without any of them, bitcoin will continue to prosper

It is definitely more complicated than that

The truth is, the decentralized nature of cryptocurrencies doesn't make them "decentralized" from people as it still comes down to people using or avoiding the use of crypto. So it does actually depend on who is in the White House as well as their attitude toward cryptocurrencies simply because their opinion greatly affects the thoughts and actions of millions of people (otherwise they wouldn't be in the House in the first place). Call it herd mentality or whatever, but it is real and shouldn't be discarded or thrown away

[AndySt]

I really don't get why most people feel like the fate of crypto or bitcoin rest on who ever sits on the presidential seat in the white house, for God sake bitcoin is decentralized digital currency which means it is not controlled by any government, so it has nothing to do with either Biden or trump, the only currency that has anything to do with them is the US dollar "$" and not bitcoin, cus it doesn't depend on any government, so with or without any of them, bitcoin will continue to prosper

It is definitely more complicated than that
The truth is, the decentralized nature of cryptocurrencies doesn't make them "decentralized" from people as it still comes down to people using or avoiding the use of crypto. So it does actually depend on who is in the White House as well as their attitude toward cryptocurrencies simply because their opinion greatly affects the thoughts and actions of millions of people (otherwise they wouldn't be in the House in the first place). Call it herd mentality or whatever, but it is real and shouldn't be discarded or thrown away

We could only talk about a strong impact on the future fate of cryptocurrencies as a result of the us presidential election if the attitude of presidential candidates is very positive and, on the contrary, sharply negative. Nothing like this seems to have been observed, and cryptocurrencies do not seem to have been mentioned at all during the election race and did not stand at the head of the future agenda. Apparently, we can talk about a quiet evolutionary path of integrating bitcoin into the economic system and much will depend on the personnel decisions of the new administration.

[lixer]

Imagine if Trump would enter 100% rage mode and decided to ban all crypto.
So all your pink dreams about allmighty bitcoin would crash all at once.

Trump cannot ban assets or things that decentralized and in case you don't know what decentralized means please refer google and have a read about it.

Basically US alone does not run Bitcoins and there are users who hold and trade bitcoins who live in US but that does not mean they control the whole price of bitcoins and a ban by their leaders will crash the market. I agree it would bring the price down by a little bit maybe given the sell orders that would be placed by the US traders in that instance but the drop in price would always be temporary.

I do not understand why people associate everything with bitcoins like if a president is elected people speculate its impact over bitcoins and similarly if someone like Trump got corona people start talking about bitcoin prices.

[mich]

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

What are your views?

Well if it is anything like we are doing now, I think Crypto will continue to be more interesting for people as bigger companies become involved. 

I thought at first that if Joe Biden won the US election, that the crypto world would be in a worst position.  Good to say I was wrong.

[doomloop]

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

What are your views?

Nothing would change. It will still be normal unless an government official will personally deface or promote Cryptocurrencies. Bitcoin will always be Bitcoin as long as users will keep using it normally.

That is right and a change of administration does not mean changing everything at least not in a country like USA. I believe crypto is not going to be a topic of discussion in fact because they already have a legal stand towards cryptocurrencies and there is not going to be any talks about changing or altering something that is not causing problems.

The price might have been influenced a bit by the president being elected because people invest and divest into certain assets based on the election result but for sure the legality of bitcoins is not going to change much.

[bits4books]

The worse things are in the US, the worse it will be for the whole world in General, and BTC in particular

Your reasoning is quite correct

But your premises are quite shaky. That is to say, crypto won't be a lot better than the world around it, but what would make the world a much worse place than it is now? You essentially say that Biden is going to destroy the American economy (or substantially impair). But is this really so? 

Given the overall focus of Biden and his team (and party), I have concerns that the US economy will go down for the "common good of redistribution between rich and poor”. He is going to not only raise taxes on large incomes but have desires to restart the notorious ObamaCare and God knows what else. All this will cost both a lot of money and a lot of reputational risks

Let's wait and see. But personally, I don't think that the US economy under Biden will be much worse (or worse at all) than under Trump

If you recall all the last times when the President was from the democratic party , you can trace a very good continuity of the overall management style. They talk about health, the economy and raising taxes for the common good, and in the end they fail all their projects and catch the general discontent because of the launch of new inefficient economic and social projects.

I have already said many times here and I will say again that until today's community wants to live with cryptocurrency as "real money" and not as an investment, then there can be no question of any mass adoption

I support this view

It is actually pleasing to see that more and more people come to understand that it is not merchants that are refusing to accept cryptocurrencies but rather the crypto community that doesn't want to part with their precious coins. But there is a hope for them too, and this is crypto payment cards once they start to cut it in terms of maintenance costs and commissions, that is, become as useful and convenient as regular ones

The issue of cryptocurrency cards is quite controversial, as for me. Yes, this is already a big step for using coins and tokens as a means of payment and not an intermediate component of the money chain, but it is not a fact that such cards will be widely used. And it is not a fact that people will use them for their intended purpose and not to make it even easier to cash out their trading victories.

[mnporter2001]

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

What are your views?

I think we need to look at his comprehensive economic policy to get more accurate.
First, Mr. Biden will lead America through the old way of Obama. It is a real human rights regime as far as I know. The government wants all people to live in the best condition even though they are lazy, not contributing to society
And this policy has a great impact on Crypto and the economy of the United States. Because they want a good society, they will have to stop Crypto so that the mafia groups will find it harder to launder money, which will cause the Crypto market to lose a large amount of money from America.