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Author Topic: Will bitcoin influence the next U.S election?  (Read 132 times)
Youngkhngdiddy (OP)
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June 15, 2023, 03:58:24 PM
Merited by Gyfts (1)
 #1

 The United state of America commonly known as United States (U.S or US) has held historical elections holding about 59 in total till date, and it's last election held in (2020) was one of the toughest with a rivalry between two strong parties the Democrats and Republican party of which both parties have controlled the United state Congress since (1856).
 Joe Biden won the polls as at (2020) and emerged as the 46th and incumbent president of the United States, being a member of the Democratic Party. However the United States carry out an election within a four years interval and every citizens vote for their preferred candidate.
 With the fourth coming election in (2024) several persons from various parties have declared their interest to run as aspirants for the president of United States, recently a crypto friendly and mayor of miami has joined the race and declared his intentions for the forth coming election, that's a good news for the crypto ecosystem.

  Since we're in the Crypto era and he's bitcoin friendly do you think he'll gain audience from the masses?
 Or will Joe Biden be relected as president of United States, what's your opinion?
 My topic was created based on research, sources.....
https://www.britannica.com/topic/United-States-Presidential-Election-Results-1788863
https://twitter.com/BTCTN/status/1669150111530622976?s=08
https://www.theguardian.com/us-news/2023/jun/15/mayor-miami-francis-suarez-enters-2024-republican-presidential-race


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June 15, 2023, 04:33:27 PM
 #2

Bitcoin is not going to be what will determine bthe fate of every participating political candidates for the US coming election, though some of the aspirants are on the look out for using the bitcoin avenue to increase their chances through the show of interest in its adoption know that the people really want this decentralized digital currency and it could be a boom to help widens their scope through making campaign manifestos, but we don't know how true could be be in the reality that if they eventually wins they will maintain their support.
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June 15, 2023, 06:44:06 PM
 #3

Bitcoin is not going to be what will determine bthe fate of every participating political candidates for the US coming election, though some of the aspirants are on the look out for using the bitcoin avenue to increase their chances through the show of interest in its adoption know that the people really want this decentralized digital currency and it could be a boom to help widens their scope through making campaign manifestos, but we don't know how true could be be in the reality that if they eventually wins they will maintain their support.

You are correct, it is unlikely that the fate of candidates in an election will be determined solely by Bitcoin or any other cryptocurrency. In order for candidates to consider adopting or promoting cryptocurrencies like Bitcoin as part of their campaign strategies as part of their electoral efforts, it is important to take into account the broader factors that influence election outcomes.

During a campaign, candidates who support cryptocurrencies are not necessarily implying that if elected, they will implement or support cryptocurrency policies that would benefit the cryptocurrency market. Once a candidate has been elected, their priorities may change, and a variety of factors influence their decision, such as public sentiment, legislative requirements, and the economic situation in the country.

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June 16, 2023, 06:53:49 AM
 #4

Bitcoin is not going to be what will determine bthe fate of every participating political candidates for the US coming election, though some of the aspirants are on the look out for using the bitcoin avenue to increase their chances through the show of interest in its adoption know that the people really want this decentralized digital currency and it could be a boom to help widens their scope through making campaign manifestos, but we don't know how true could be be in the reality that if they eventually wins they will maintain their support.
Politicians are very crafty. They can use any means to attract sympathy and support so that they can get notes. We had seen a few US presidential hopefuls show support for Bitcoin examples are Ron DeSantis, Vivek Ramaswamy, and Robert F Kennedy. The US has a high number of bitcoin users that will be willing to support any candidate that will be lenient with the currency. It might also be that these politicians have a genuine interest in the Bitcoin sector, so we have to wait till they get elected.

But there are key factors that affect the outcome of the  US election which include race, religion, gun control, foreign policies, etc. According to Coinbase 20% of Americans–which would constitute over 50 million people own crypto. The influence of bitcoin on the elections might not be overlooked but it will not be a major influence.

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June 16, 2023, 12:07:48 PM
 #5

If Bitcoin was on the ballet, Ron DeSantis would be elected the next President by default: https://bitcointalk.org/index.php?topic=5452608

He is the most pro-crypto politician running for the Presidency in 2024.

Unfortunately many Americans are too inept to pay attention to crypto regulation. I'd encourage you to look at Presidential debates over the years. Usually the questions the moderators ask gauge what the central issues are for the time period. You can go back to the 1960's debate of Kennedy and Nixon to find focus on infrastructure modernization and stopping communism spread through China and the Soviet Union. Debates pre-2001 hardly ever had questions related to terrorism, and of course every debate post 9/11 include foreign policy questions related to middle east operations and terror groups. Don't expect any crypto talk this election cycle.

When CBDC's to be introduced within the next 5-10 years contemporaneous to crypto regulations that strip people of their right to engage in crypto commerce independent of stringent regulation and taxes, then people might start paying attention. But that assumes more crypto adoption than we have now.
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June 16, 2023, 04:50:06 PM
 #6

I know DeSantis & Robert F Kennedy Jr are running but I think it’ll end up being Biden vs Trump. Neither of the last two mentioned guys are bitcoin friendly sadly. I’d love for it to be one of the first two guys mentioned as they’re very pro bitcoin but I think we’ll be disappointed expecting one of them to be the next President.

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June 20, 2023, 09:47:58 AM
 #7

I know DeSantis & Robert F Kennedy Jr are running but I think it’ll end up being Biden vs Trump. Neither of the last two mentioned guys are bitcoin friendly sadly. I’d love for it to be one of the first two guys mentioned as they’re very pro bitcoin but I think we’ll be disappointed expecting one of them to be the next President.
The first former guys are good to be in the fight to the White House but I wonder why the name Trump has become a movement in the minds of Americans and majority of Americans are aligning with him.
But then Trump feels like there are alot of issues to be treated in American than bitcoin

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June 20, 2023, 04:57:28 PM
 #8

The topic of Bitcoin and crypto assets will indeed be present in the incoming presidential election in the USA, but not in the way you believe it will.

To the aversge person in USA, Bitcoin is still a niche and and very unknown part of the economy, so it is likely that it would only be mentioned when the candidates touch the topic on financial freedom or small government vs big government. The rest of the debates will be about more mundane things which all the population can relate to: homelessness, inflation, job opportunities, social security and healthcare.

Another possibility, it could be that some candidate started to accept campaign donations in Bitcoin, however that may be used by foreign adversaries to tarnish the imagine of the candidate, if it is convenient to their own interest.

Imagine what would happen if Trump accepted Bitcoin and some address known to be of Russian origin donated a lot of money. It would certainly appear on the left media.

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June 20, 2023, 05:18:22 PM
 #9

Right now there are so many things being done by government people that are not Constitutional, that the only reason why the government is standing is because the PEOPLE BELIEVE that it is working. Bitcoin is being manipulated all the time in loads of ways we don't know about. Why don't we know? Because many Bitcoin addresses are dead ends... we can't follow them to any known person or even place.


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June 22, 2023, 07:37:39 PM
 #10

The United state of America commonly known as United States (U.S or US) has held historical elections holding about 59 in total till date, and it's last election held in (2020) was one of the toughest with a rivalry between two strong parties the Democrats and Republican party of which both parties have controlled the United state Congress since (1856).
 Joe Biden won the polls as at (2020) and emerged as the 46th and incumbent president of the United States, being a member of the Democratic Party. However the United States carry out an election within a four years interval and every citizens vote for their preferred candidate.
 With the fourth coming election in (2024) several persons from various parties have declared their interest to run as aspirants for the president of United States, recently a crypto friendly and mayor of miami has joined the race and declared his intentions for the forth coming election, that's a good news for the crypto ecosystem.

  Since we're in the Crypto era and he's bitcoin friendly do you think he'll gain audience from the masses?
 Or will Joe Biden be relected as president of United States, what's your opinion?
 My topic was created based on research, sources.....
https://www.britannica.com/topic/United-States-Presidential-Election-Results-1788863
https://twitter.com/BTCTN/status/1669150111530622976?s=08
https://www.theguardian.com/us-news/2023/jun/15/mayor-miami-francis-suarez-enters-2024-republican-presidential-race



While the Mayor may do good to lead a campaign with bitcoin and cryptocurrencies banner, it is much more than the masses or audience.  
The SEC is ensuring regulation, unless as part of campaign promise, the government offers a free decentralized system right now, any talk involving Bitcoin can be just a hullabaloo and the citizens really want to believe it would work. But how can a free decentralized system work with the rising rate of terror.
 Other groups besides Bitcoin users has their say too and it might be so much for one person to try to play on the intelligence of its citizenry because of their interest in Bitcoin.  

Some investors are yet to forget about the FTX collapse, now we have the Binance lawsuit and that crypto lending firm which is currently being under fire by the Texas regulators.
Bitcoin will sure come up, but I wonder if it will hold much sway in the right of way.

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June 22, 2023, 09:19:58 PM
 #11

I don’t think Bitcoin is large enough or popular enough yet to make any sort of impact on the Presidential election. However, I do think that candidates who are looking for a small boost in the polls will be looking at communities like Bitcoin as a way to gain a little support by mentioning them and appearing friendly.

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June 22, 2023, 11:21:30 PM
 #12

The United state of America commonly known as United States (U.S or US) has held historical elections holding about 59 in total till date, and it's last election held in (2020) was one of the toughest with a rivalry between two strong parties the Democrats and Republican party of which both parties have controlled the United state Congress since (1856).
 Joe Biden won the polls as at (2020) and emerged as the 46th and incumbent president of the United States, being a member of the Democratic Party. However the United States carry out an election within a four years interval and every citizens vote for their preferred candidate.
 With the fourth coming election in (2024) several persons from various parties have declared their interest to run as aspirants for the president of United States, recently a crypto friendly and mayor of miami has joined the race and declared his intentions for the forth coming election, that's a good news for the crypto ecosystem.

  Since we're in the Crypto era and he's bitcoin friendly do you think he'll gain audience from the masses?
 Or will Joe Biden be relected as president of United States, what's your opinion?
 My topic was created based on research, sources.....
https://www.britannica.com/topic/United-States-Presidential-Election-Results-1788863
https://twitter.com/BTCTN/status/1669150111530622976?s=08
https://www.theguardian.com/us-news/2023/jun/15/mayor-miami-francis-suarez-enters-2024-republican-presidential-race
Affect of bitcoin to elections is peanuts. That's really not the subject majority is interested about, no matter the stance on it. No media is even pushing candinates to have a stance on that as viewers and readers wouldn't be interested on that. So they focus on the hot button issues for majority, those will determinate the winner. I understand that crypto people are interested on that but the fact is that it doesn't matter to most of the people and while it might be a major factor to some of us, it isn't major factor to even all crypto holders that can vote in US.

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June 23, 2023, 01:41:31 AM
 #13

It is hard to tell if Bitcoin will influence the next U.S election but it is sure that Bitcoin has a lot of users and holders in the US since I believe this is the reason why one of the US Presidential candidates used the idea of a creation framework that will support Bitcoin as one of his campaign strategies because Bitcoin is the only currency that bonds people together without any limit or race difference all over the world
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June 23, 2023, 07:30:24 AM
 #14

It is hard to tell if Bitcoin will influence the next U.S election but it is sure that Bitcoin has a lot of users and holders in the US since I believe this is the reason why one of the US Presidential candidates used the idea of a creation framework that will support Bitcoin as one of his campaign strategies because Bitcoin is the only currency that bonds people together without any limit or race difference all over the world

Don't mind those candidate playing seek and hide under the impression that they support bitcoin adoption and want to use that as a campaign strategy to get more followers, bitcoin has gone beyond politics because it is sustainable enough for it to maintain not dependent of any political influence, they are rather using the avenue to make a promotional efforts for themselves more more opportunities through using this strategy.
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June 26, 2023, 09:16:05 PM
 #15

It is hard to tell if Bitcoin will influence the next U.S election but it is sure that Bitcoin has a lot of users and holders in the US since I believe this is the reason why one of the US Presidential candidates used the idea of a creation framework that will support Bitcoin as one of his campaign strategies because Bitcoin is the only currency that bonds people together without any limit or race difference all over the world

Don't mind those candidate playing seek and hide under the impression that they support bitcoin adoption and want to use that as a campaign strategy to get more followers, bitcoin has gone beyond politics because it is sustainable enough for it to maintain not dependent of any political influence, they are rather using the avenue to make a promotional efforts for themselves more more opportunities through using this strategy.
They are actually leveraging Bitcoin support as a promotional effort for themselves since they know that the cryptocurrency's passion for Bitcoin cannot be broken and the community is always ready to support every enthusiast, which is why they chose to employ the Bitcoin method.
Meanwhile, only a fool will believe their assertion that cryptocurrency is here to stay without the help of any government.
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