Next US president pro-bitcoin?

[jamietao]

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?

[mk4]

Whether certain presidential candidate likes Bitcoin or not, I'm quite sure that being publicly bullish on Bitcoin would pretty much be suicide election-wise. Simply put, a lot of Americans still think that Bitcoin is a scam, and being bullish on Bitcoin is one of the ways to not get you elected.

[jamietao]

Whether certain presidential candidate likes Bitcoin or not, I'm quite sure that being publicly bullish on Bitcoin would pretty much be suicide election-wise. Simply put, a lot of Americans still think that Bitcoin is a scam, and being bullish on Bitcoin is one of the ways to not get you elected.

They just need to communicate it a bit better than me. Say things like "Hey inflation is bad. Housing and food is more and more expense. We need better currency like bitcoin".

Most americans already know about bitcoin these days after elon musk and michael saylor so are more friendly. Around 1 in 3 americans have owned some bitcoin at some point. Even those that didn't own already are curious.

[zanezane]

If he says those things, it wouldn't be a win for him, remember that the US has a really dumb population, they appeal and get their votes only for those that they find interesting or caters on their primal instincts which is really a cause for a alarm because one win from a really stupid president could end US as we know it.

[Dave1]

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?

I don't think that bitcoin will tip the tide for any presidential candidate, yeah good that one of his platform is to adopt legal tender. But there could be some opposition against it in the US. So not a sure fire platform for anyone. So 50/50, others might like it, and others don't. And US being a superpower, I doubt that they are going to adopt bitcoin as legal tender, for them dollar is still the world currency.

[Fundamentals Of]

Most definitely the business of electing the president of the most powerful country in the world does not just fall on whether the candidate is supportive of Bitcoin or not, whether it is discussed in the line of inflation failing the target with a considerable margin, too much QE, weakening US dollar, etc. Whether the presidential candidate is pro Bitcoin or anti Bitcoin won't make him win or lose an election. But if it has to be as shocking as letting go of the USD and replacing it with Bitcoin, I guess such a candidate whoever that is is meant to lose.

[mk4]

They just need to communicate it a bit better than me. Say things like "Hey inflation is bad. Housing and food is more and more expense. We need better currency like bitcoin".

Most americans already know about bitcoin these days after elon musk and michael saylor so are more friendly. Around 1 in 3 americans have owned some bitcoin at some point. Even those that didn't own already are curious.

I still don't think so. I think saying that "we need a better currency" itself would get the candidate enough backlash to end up becoming irrelevant and lose an election, what more to recommend something like bitcoin? If a presidential candidate would make bitcoin legal tender, it would be through a Trojan horse.

[pooya87]

You are talking about at least 4 years in the future and we can never know what the situation is going to be by then. But generally speaking the US dudes are too in love with their US dollar and would do anything to try and prevent it from becoming obsolete. That means there will never be a "serious" presidency candidate who is "pro bitcoin" like the way you described.

[bittraffic]

US plans to launch CBDC of their own. This pro-Bitcoin president will create a new set of oppositions that will crush his campaigns using the media. He shouldn't be that vocal when it comes to his support of Bitcoin unless he already won the election.

If he does speak about his plan for using Bitcoin just like El Salvador does, he has to wait until he sits on the Whitehouse. But even if he is already the president, it's not up to him, you see how many of the senators understand Bitcoin when they discuss the infrastructure bill?  Lummis seems to be the only person who know how it works.

[so98nn]

Thats funny. Just because X-govt. failed to overcome the inflation or they are not able to manage the financial situation; they are not bad government. Bob went get elected for his prosperity in the bitcoin because thats not the solution! Government is not all about money all the time. It has to think, how they can recover the country's situation based on public support. If Bob thinks he can overcome inflation with bitcoin then thats really wrong. Most of the population in country believes in Fiat and not in bitcoin. So how Bob is going to recover the Taxes? If BTC is legal tender then everyone will go anonymous and government will start loosing more money. This way government will become more and more poor. I am not sure how based on BTC alone Bob can get elected.

[DapanasFruit]

What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender." Would Bob get elected? Or would majority of people not like Bob?

Unfortunately, nobody can be elected in the big political landscape of the USA on the basis of making Bitcoin a legal tender. There was a "'known" Democratic presidential hopeful in the name of Andrew Yang who is a fan and supporter of Bitcoin and cryptocurrency but he never made it beyond the party nomination. Of course, as a Bitcoin enthusiast myself I would be excited if in the next presidential election in 2024 the cryptocurrency community can be able to make a big rally and show its voting power...but I think that will just be another pipe dream for now or maybe 20 years from now this can be possible.

[MIldic1c]

The United States has always supported Bitcoin, including some American celebrities and companies that support Bitcoin. Musk has made an example of using Bitcoin as a payment method, allowing many people in the world to understand and recognize Bitcoin. But his move to give up the US dollar, I think it will not be recognized, which shocked me.

[Baofeng]

The United States has always supported Bitcoin, including some American celebrities and companies that support Bitcoin. Musk has made an example of using Bitcoin as a payment method, allowing many people in the world to understand and recognize Bitcoin. But his move to give up the US dollar, I think it will not be recognized, which shocked me.

That's different though, you are talking about celebrities. The OP is asking about potential candidates that are going to be pro-bitcoin. But in any case, not going to happen, US will still push their beloved US dollar to the world economy, so I don't think any US elected or running president will hinge everything on bitcoin as their "rallying" call.

[Ausgewielt]

There arr still many people who have negative view about bitcoin. And bitcoin didn't become something that major in society, I think it will be hard for bob to be elected. USD is a power for USA I very sure that any US president will prefer like to support USD rather than any other currencies such as bitcoin and etc. Political issue is something that very complicated, enemy can be friends in something as long as both are get benefits. For me technology solve problems better than government regulations.

[ranochigo]

There is simply no one that would threaten the dominance of their own currency by allowing an alternative currency to take root within their society. This is mostly a bipartisan issue, where none of the parties in the state would willingly tarnish their economy just for the sake of a few groups of people who are pro-Bitcoin. First of all, you won't get elected and second of all, any bills that actively pushes for Bitcoin to legitimately be recognized and endorsed as a legal tender will face oppositions from both sides of the senate or the house for that matter.

[SyndicateLabs]

Looking back at the history of the old presidents, I'm not sure if people know or think like I do. 
When someone wants to make a financial difference without involving the FED, the end result is the same.
This issue I think would be better for the FED to support Bitcoin

[hatshepsut93]

I doubt that Americans (or anyone really) study the platforms of political candidates, people simply vote for someone who resonates with their views the best. I think making Bitcoin a legal tender would be a very unpopular move, but if such candidate does not advertise this plan too much, a lot of people could not even notice it. And if such candidate is a lot more popular than their main opponent, there's a good chance they would win.

But realistically DNC or RNC would do everything they can to stop such candidate if they will be gaining popularity.

[yazher]

If he says those things, it wouldn't be a win for him, remember that the US has a really dumb population, they appeal and get their votes only for those that they find interesting or caters on their primal instincts which is really a cause for a alarm because one win from a really stupid president could end US as we know it.

If a president of a big-time country will promote bitcoins, this will means a huge pump. I think we already had those moments when the President of China said good things about cryptocurrencies and I think the price was pump really high just a few hours after his statements. from $8,000 to $12,000 if I'm not mistaken. What more if the president of the USA will say the same or even promising words. I think the whole crypto industry will be shaken by those words and the crypto market will be like a green garden again.

[Vickysagar]

I think it's too early for president to be so pro-bitcoin. Most of old people will not vote for him if he'd openly say that he supports bitcoin. And if he will takes it as a secret and reveal after selection a lot of people will be dissapointed too.

[cryptophilic001]

I would be very skeptical of such a scenario and to be honest, it largely depends on the very perception of the American public at large, and how they view crypto and blockchain in general as compared to the US dollar. If a presidential candidate comes up with such statements in which he thrashes the US dollar and promotes bitcoin while the public considers it otherwise, it might be a smooth political suicide for the candidate. It's very subjective to be predictable.