U.S should embraced bitcoin

[Greggry]

I quote Natalie Brunell; Bitcoin is a technology that should be strategically embraced by the United States.
Bitcoin does not threaten the U.S. Dollar - our country’s policies have been doing that. Since the inception of Joe Biden, he never wish bitcoin to exist in America because when he was campaigning against Trump, he stated clearly that Americans will not use it's resources to promote crypto assets as that will add threats to America economy. The statement was made against Donald Trump's opinion of bitcoin when he promised to promote bitcoin and legalized it Americans if he assumed second term, which he failed eventually.

This is pure political hatred against bitcoin, if not Americans should've been the largest cryptos community and support the pumps to gets to the world. Bitcoin will circulates America in time coming because I know good percentage of Americans loves to advance the technology.

[1715104429]

1715104429

[DeathAngel]

The reason why people in power in the US & central banks are moderately hostile to bitcoin is because they don’t want people moving money out of the $ into bitcoin. I guess the higher the bitcoin price goes the more likely it is that people move into bitcoin en masse. That would be a bank run of sorts & the economy is in enough of a mess without that.

Personally I think bitcoin will best down any regulatory resistance & pressure from people in power to suppress it. Bitcoin is unstoppable, it’s like a ball being held under water, when it’s let go you know what happens.

[un_rank]

Bitcoin is circulating in America as it is one of the largest bitcoin markets for investors and miners. The government does not need to embrace it for it to thrive, they just need to not come up with stupid regulations against it. The Potus has implemented some regulations designed to stall bitcoin growth, the most recent being the proposed increase in excise taxes for bitcoin miners^[1].

This would slightly affect bitcoin, but the country would feel the most effect as the innovation of the technology would move to a more sustaining environment. There would of course always be holders within the U.S.

[1] https://www.coindesk.com/policy/2023/03/09/us-treasury-department-proposes-30-excise-tax-on-crypto-mining-firms/

- Jay -

[Merit.s]

 The US government especially Joe Biden sees bitcoin as a threat to the US dollar,and for this reason he doesn't want to promote bitcoin in his government but he has failed because bit coin don't need any promotion by government. Many investors in the US has deviated from USD and have started buying bitcoin to secure their funds from depreciating in the nearest future. As long as individual have stated adopting bitcoin on their own,knowing that it is am asset and a store of value to save their investment from inflation. I don't think that there is anything the US government can do about stopping citizens not to adopt bitcoin. Bitcoin is decentralized in nature and makes the government not being able to give accountability on who is using it or not. Bitcoin spread and adoption can't be stopped by anyone,no matter how powerful you are in the world.

[_act_]

Bitcoin is circulating in America as it is one of the largest bitcoin markets for investors and miners.

You are right, US has the largest market and miners, but also has the largest bitcoin ATMs, far greater than the second. We do not have to depend on the government before bitcoin adoption would continue, but just that the government should not do something that can discourage the continuous bitcoin adoption.

Also we should know that bitcoin is not only about US, it is about the world, even if US is discouraging bitcoin, what will happen is what happened when China discouraged it, governments on the world in all countries are not thinking the same, some countries will only see it as an advantage.

The US government especially Joe Biden sees bitcoin as a threat to the US dollar,and for this reason he doesn't want to promote bitcoin in his government but he has failed because bit coin don't need any promotion by government.

I do not think he failed, because he did not promote bitcoin. If he remain mute and do not talk about bitcoin, US remain bitcoin friendly nation. President is not the regulators, but I know how the president of a nation can be very powerful though and how his power and legislative power can override.

[crypticj]

It will embrace Bitcoin eventually, but I think it will take a loooong time to do it.

It's interesting to see that countries Turkey and El Salvador already adopted crypto in some way or just let people use it without regulations. But the US, which should be a leader in this money revolution, is dragging behind and still trying to regulate or ban crypto.

I think it shows that the US system is too rusty and old to accept positive and progressive changes.  And it will probably take a long time for the government to realise that the world is already adopting bitcoin and if US doesn't want to loose in this game, they should do it too.

[Kakmakr]

The US people do not want to acknowledge it, but they also turned into a type of "Police" state, where the government are controlling most of the citizens. It is not as bad as China and North Korea, but it is slowly going towards that level..... because they used 911 to misuse their surveillance capabilities to monitor all their citizens.

So, why would they relinquish their control on the monitoring capabilities that Fiat currencies are offering them? They have full control over that, because they are in bed with the Banks. (Banks hate Crypto and governments protect Banks) 

[Spaceman1000$]

Given that Bitcoin is a decentralised currency, that is not controlled by the authorities, Joe biden would want to see it as a threat having in mind that as a government, they want to control the financial activities of the citizenry and Bitcoin doesn't give them that leverage, it is not peculiar with America only, some Government in some countries went as far as banning  crypto.

[worle1bm]

Given that Bitcoin is a decentralised currency, that is not controlled by the authorities, Joe biden would want to see it as a threat having in mind that as a government, they want to control the financial activities of the citizenry and Bitcoin doesn't give them that leverage, it is not peculiar with America only, some Government in some countries went as far as banning  crypto.

Every government fear it to some extent because you are giving people control of the funds without any government intervention or Central authority monitoring you so they won't let it happen easily.But slowly they are turning towards regulatory methods allowing people to use it.The banking system are losing it's value and they won't let btc take over easily so they fear it.

[majeed]

I quote Natalie Brunell; Bitcoin is a technology that should be strategically embraced by the United States.
Bitcoin does not threaten the U.S. Dollar - our country’s policies have been doing that. Since the inception of Joe Biden, he never wish bitcoin to exist in America because when he was campaigning against Trump, he stated clearly that Americans will not use it's resources to promote crypto assets as that will add threats to America economy. The statement was made against Donald Trump's opinion of bitcoin when he promised to promote bitcoin and legalized it Americans if he assumed second term, which he failed eventually.
...

Bitcoin is a kick-ass technology that's blowing up all over the world, and it's high time the United States got on board. Some folks are freaking out that Bitcoin could mess with the U.S. dollar, but let's be real, it's our own policies that have been doing damage to our currency. Joe Biden has been yapping his trap about Bitcoin, saying it's gonna mess up our economy, but that's just a bunch of bull. If anything, Bitcoin and other digital currencies present a sweet opportunity for the U.S. to step up and be a leader in cutting-edge tech.

I get why some folks might have doubts about Bitcoin, particularly with all the political talk around it. However, it's key to keep in mind that Bitcoin isn't naturally political, and plenty of advantages could arise if it becomes more popular. Whether you're keen on using Bitcoin to stash your cash or to make online purchases, one thing is for sure - it's a big change in how we view money and finance.

[SilverCryptoBullet]

I quote Natalie Brunell; Bitcoin is a technology that should be strategically embraced by the United States.
Bitcoin does not threaten the U.S. Dollar - our country’s policies have been doing that.

Considering Bitcoin as a threat for the US. dollar is the USA. issue. It is not problem for the world and globally there are many nations which can have different policies and regulations for Bitcoin.

The USA. is a big nation and has a biggest economy but it won't be able to stand alone by itself. If there are other nations which have more friendly policies for Bitcoin and cryptocurrency, more companies will migrate from the USA. to those nations. What will the USA. get after all?

They will probably have less tax from cryptocurrency-related activities, mining, projects and they will have to change their policies to be less strict against Bitcoin and cryptocurrency.

[Nwada001]

I think the title should be "The U.S. government should embrace Bitcoin." The government has not embraced it, just like you have said that it's political, but don't forget that even before Joe Biden was president elect, there was never a motion to embrace Bitcoin (that I'm aware of). the level at which Bitcoin adoption has reached in the US.

The citizens don't actually need for the government to embrace it; what's the need for that, unless you actually mean the government should put in some form of regulation? The U.S is among the top-rising crypto-friendly communities, with lots of functional Bitcoin ATM machines. What more do you need before you agree that they have embraced Bitcoin?

[kryptqnick]

The USA seems to choose particularly old leaders and follow the thoughts of old successful dudes who made their fortunes well before cryptos were a thing and some before the Internet became important. So it's no wonder that they don't get why embracing cryptos is the way and feel protective over something more traditional and old. I agree that Bitcoin should be embraced because policies can be set up to ensure that the USD gets its fair share of demand (which it will get anyway, even if Bitcoin is somehow allowed to compete), and there's much to be gained from favourable attitudes to Bitcoin and crypto-related businesses (mining farms which seem under a threat in the USA and crypto exchanges which seem to be having a hard time with all the regulations they are supposed to follow).

[cabron]

They are the first to have embraced it. The government isn't banning it but crypto is misrepresented as a tool by criminals since the biggest guys out there like Soros and his friends look at BTC as a threat. If they embrace it now while there is recession, it may save citizens from getting poorer everyday.

They are trying to regulate though but it's becoming hostile since the government is attacking to acquire control. There have been several reports about it and centralization can be a weapon for them just as Canada did to freeze coinbase wallets.

[Zanab247]

I don't think this current president will make BTC legal tender in U.S because, there is a fear on him that BTC will be a threat to dollar if they make it legal tender, which is not true if only they can carry out their personal research to know what BTC will do to make them to improve in economy sector and other institution sector. Well, many U.S citizens are using BTC to grow their income and to increase the number of BTC users in the country that is not making them not to worry about their government concerning BTC legal tender. With time, I believe their next president will not play with crypto than to make it legal tender so that their citizens can use it to buy anything they want from the market and pay with BTC at the moment.

[thecodebear]

I quote Natalie Brunell; Bitcoin is a technology that should be strategically embraced by the United States.
Bitcoin does not threaten the U.S. Dollar - our country’s policies have been doing that. Since the inception of Joe Biden, he never wish bitcoin to exist in America because when he was campaigning against Trump, he stated clearly that Americans will not use it's resources to promote crypto assets as that will add threats to America economy. The statement was made against Donald Trump's opinion of bitcoin when he promised to promote bitcoin and legalized it Americans if he assumed second term, which he failed eventually.

This is pure political hatred against bitcoin, if not Americans should've been the largest cryptos community and support the pumps to gets to the world. Bitcoin will circulates America in time coming because I know good percentage of Americans loves to advance the technology.

OP I don't know where you get your information from but it's completely wrong. I don't know why you're trying to turn this into a political thing. Trump was also against Bitcoin. The only time he even mentioned it was when he said he doesn't like it. In fact the Trump administration was trying to push through some tyrannical anti-crypto rules in the last few weeks before they left office, but they weren't able to get them through before they left and Biden stopped those rules from potentially being put in place as soon as he came into office. But neither Biden nor Trump are bitcoin friendly. Most politicians aren't bitcoin friendly because most politicians don't know anything about Bitcoin. The few politicians that are bitcoin friendly are the few that know at least a little bit about it.


Agree on your title at least, the US should embrace bitcoin, it would be good for the people and good for the country. But I don't know why you're trying to spread misinformation about Biden and Trump and make this a democrat/republican political thing lol

[SamReomo]

The public in US has already embraced Bitcoin and most of them are investing money into it. No banks or governments can stop the growth of Bitcoin, because it's completely decentralized and unregulated. I believe that US government will not accept Bitcoin as a legal tender anytime because that will reduce the usage of US dollar worldwide.

Let's consider if the US embraces Bitcoin then almost everyone will trade with US using Bitcoin rather than US dollar and that can be the cause of inflation and devaluation of US dollar in long term. As far as I know, the US public is adopting Bitcoin in masses, and the government is not putting any restrictions directly on citizens to not buy Bitcoin. The odds are favoring Bitcoin and if that continues things will be really good in crypto world in coming days.

[DooMAD]

For the supposed "Land of the Free", you'd think America's ideals would align more closely with Bitcoin's fundamental principles.  I guess their priorities changed.  "The Almighty Dollar" is now more important than Liberty.  What Bitcoin represents is simply too much freedom for them to handle, because it's effectively freedom from the Dollar.   

I kinda see where Natalie Brunell is coming from, but government types are never going to see it that way.  They'll always perceive anything they can't control as a threat to the economy.  And, donkey or elephant, party politics makes no difference on that front.  It's all about control.  They have to have it.  There's no other way from their perspective. 

But, as a non-US citizen, I'm actually pretty grateful for that.  I'd be more alarmed if they did suddenly decide to embrace Bitcoin.  Leave it well alone, thanks. 

[wxa7115]

I quote Natalie Brunell; Bitcoin is a technology that should be strategically embraced by the United States.
Bitcoin does not threaten the U.S. Dollar - our country’s policies have been doing that. Since the inception of Joe Biden, he never wish bitcoin to exist in America because when he was campaigning against Trump, he stated clearly that Americans will not use it's resources to promote crypto assets as that will add threats to America economy. The statement was made against Donald Trump's opinion of bitcoin when he promised to promote bitcoin and legalized it Americans if he assumed second term, which he failed eventually.

This is pure political hatred against bitcoin, if not Americans should've been the largest cryptos community and support the pumps to gets to the world. Bitcoin will circulates America in time coming because I know good percentage of Americans loves to advance the technology.

But bitcoin is indeed a threat to the hegemony of the dollar and the government behind it, by this I do not mean that bitcoin will replace the dollar, but it gives an alternative to those which many not have it and allows them to dump the dollar and get bitcoin.

And this is something the United States politicians do not want to see, after all we are already witnessing several countries trying to get away from the dollar when dealing with each other, if the average person also had that option this could weaken the dollar and the government as well.

[cryptomaniac_xxx]

I quote Natalie Brunell; Bitcoin is a technology that should be strategically embraced by the United States.
Bitcoin does not threaten the U.S. Dollar - our country’s policies have been doing that. Since the inception of Joe Biden, he never wish bitcoin to exist in America because when he was campaigning against Trump, he stated clearly that Americans will not use it's resources to promote crypto assets as that will add threats to America economy. The statement was made against Donald Trump's opinion of bitcoin when he promised to promote bitcoin and legalized it Americans if he assumed second term, which he failed eventually.

This is pure political hatred against bitcoin, if not Americans should've been the largest cryptos community and support the pumps to gets to the world. Bitcoin will circulates America in time coming because I know good percentage of Americans loves to advance the technology.

You can call it whatever you want, I highly doubt that the US are going to embrace it without heavy regulations like what we are seeing, SEC is going after a lot of crypto projects and even exchanges.

We all know how good bitcoin is for the government, but it will take a lot from the leadership itself. And as big as America is, it's going to be a long road for bitcoin to be embrace or to be adopted because it's going to be a threat to their US dollar.