Donald Trump's stance on Bitcoin is changing

[bbc.reporter]

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe. This is certainly shocking and very unexpected. I did not know bitcoin and the cryptospace would bring him much votes because why is he doing this if this is not a trick for bitcoiners to vote him?



Former United States President Donald Trump and the leading Republican candidate for November’s election appears to be warming toward Bitcoin  BTC +1.25% , having been critical of cryptocurrencies in the past.

In January, Trump said he'll “never allow” central bank digital currency issuance in the U.S. if elected. “Such a currency would give the federal government, our federal government, absolute control over your money… They could take your money and you wouldn’t even know it was gone,” he warned at the time.

In a recent town hall on Fox News, alongside South Carolina Senator Tim Scott, Trump was asked if the next logical step was for him to embrace Bitcoin, given that it’s decentralized, the government can't get its hands on it and all the young people who are particularly interested in it, host Laura Ingraham suggested.

“I always liked one currency. I call it a currency. I like the dollar, but a lot of people are doing it [Bitcoin] and frankly, it's taken on a life of its own,” Trump replied. “You probably have to do some regulation, as you know, but many people are embracing it. And more and more, I'm seeing people wanting to pay Bitcoin, and you're seeing something that's interesting, so I can live with it one way or the other.”

Read in full https://www.theblock.co/post/278786/donald-trump-bitcoin-embracing

[_act_]

Did you think that Trump will not win the primaries flawlessly? He would have won becuase he is very influential and he was the former United States president. The only obstacle he has in the presidential election is his rival Biden which is the present US president.

The crypto community also commented that he may be looking for vote from crypto community. But be it that, I like that the adoption of bitcoin has proven itself with masses which are now bitcoin holders and the approval of bitcoin ETF in the United States.

[Marvelockg]

politician have mastered the art of manipulating peoples minds whenever they are at the pole and this  might just be a tricky tactics to get the attention of the voting population in the crypto space and i sure know he is achieving the needed  attention. bitcoin adoption has spread across the globe and bitcoin users are mostly youth which are his primary target that will give him the needed vote or help spread his popularity to  other youth that  will help him at the pol so its not something that should be taken seriously.

but its also a two sided win because as long as he has made theses series of statements that suggest that he supports bitcoin adoption, its a plus for the bitcoin community and will surely make other top leaders have a rethink on their stand regarding the adoption of bitcoin in their country

[bluebit25]

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe. This is certainly shocking and very unexpected. I did not know bitcoin and the cryptospace would bring him much votes because why is he doing this if this is not a trick for bitcoiners to vote him?

I don't think this is a tactic to help Trump get more clearance votes expressing his positive views in favor of bitcoin. Remember that those in power will do what they feel is in the best interest of the country first, and if things do not get a positive economic balance then it will be a good idea to turn your back on things. It's not surprising that he declared it

But it's really nice that he is expressing a positive opinion on bitcoin, I remember he also expressed before that bitcoin is really harmful to the US economy when he was still in office President, maybe that information is wrong but I don't pay too much attention. Because really, with bitcoin, it exists without too much influence on someone's judgment, support/opposition, bitcoin will still exist and develop.

[Negotiation]

Politicians are really hard to understand they can change everything for their own benefit. Donald Trump may be thinking of a new strategy as Bitcoin continues to spread around the world. Seeing crypto flourish so much may have Donald Trump changing his stance on crypto, selling NFTs and planning more crypto-friendly policies if re-elected. Trump is now personally investing in digital assets and exploring their political power. His latest embrace comes as Republicans make a broad overture to the crypto community, drawing libertarian donors while portraying Democrats as heavy-handed regulators as his chance to win anew.

[kentrolla]

We need to understand one thing that we should never trust any politician they don't do things without their own benefit. As per the statement I don't think is any sort of acceptance but rather a pure manipulative statement and I think we shouldn't be quick in judging or trusting any politicians as it's all the vote politics and they can do anything for votes.

Majority of government and politicians don't like Bitcoin and crypto, you can understand that from the atrocious regulations laid by Indan government.

[harapan]

Politicians are really hard to understand they can change everything for their own benefit. Donald Trump may be thinking of a new strategy as Bitcoin continues to spread around the world. Seeing crypto flourish so much may have Donald Trump changing his stance on crypto, selling NFTs and planning more crypto-friendly policies if re-elected. Trump is now personally investing in digital assets and exploring their political power. His latest embrace comes as Republicans make a broad overture to the crypto community, drawing libertarian donors while portraying Democrats as heavy-handed regulators as his chance to win anew.

Politicians are very cunny and manipulative,he is just trying to seek attention and favour from cryptonians.Maybe he could be thinking that if he tries to support bitcoin and its activities,he's going to get more fame and promote uncountable votes to himself.Politicians can never get tired of enacting false manifestos.
 Even if its for once,his position cannot determine the adoption of bitcoin,with or without his consent bitcoin progresses.

[mk4]

politician have mastered the art of manipulating peoples minds whenever they are at the pole and this  might just be a tricky tactics to get the attention of the voting population in the crypto space and i sure know he is achieving the needed  attention. bitcoin adoption has spread across the globe and bitcoin users are mostly youth which are his primary target that will give him the needed vote or help spread his popularity to  other youth that  will help him at the pol so its not something that should be taken seriously.

Is being bitcoin/crypto aligned actually a positive factor for these candidates? If anything, at this point being an anti-crypto candidate is still a bigger pull than being pro-crypto.

but its also a two sided win because as long as he has made theses series of statements that suggest that he supports bitcoin adoption, its a plus for the bitcoin community and will surely make other top leaders have a rethink on their stand regarding the adoption of bitcoin in their country

He doesn't even sound like a pro-bitcoin person with the above quote; more like a bitcoin-neutral person than a pro one.

[SamReomo]

Trump and everyone else has to accept Bitcoin and understand that how useful it is as compare to traditional currencies. Trump has to admit that Bitcoin is as useful as fiat currencies, in fact it's more useful than fiat. He knows that in order to get more attention from the crowd he should change his stance regarding Bitcoin.

A politician knows well that how and when to say something, so I guess Trump can change his mindset as well his words regarding Bitcoin in future. Although, Trump as we all know is kind of advocate of USD but he'll have to embrace Bitcoin in the end. His accepting of Bitcoin and openly saying some good things about it would help him to secure more votes from all supporters of Bitcoin.

[kryptqnick]

I think it's a calculated political move. He was anti-Bitcoin because he's old and because he was playing on "America First" idea, believing that it presupposes the Dollar First as well. But then, for the upcoming elections, one of his major contestants for the Republican nomination was DeSantis who made Bitcoin a major part of his campaign, linking it to the idea of freedom as minimal state intervention into processes, which is appealing to many Republicans. Now that DeSantis is out of the race, Trump needs to gather his former supporters around him, and making a milder statement about Bitcoin is a way to do it.

[Lucius]

@bbc.reporter, I don't believe that his attitude has really changed, but that he is just trying to win as many votes as possible from those voters who have something to do with Bitcoin. I remember that he was very negative when it came to Bitcoin, and that towards the end of his term he tried to push through some crazy measures that were then suspended by the Biden administration.

I honestly consider him a man with dangerous intentions in every respect, and I think that if he becomes president again, it will be bad for most people in the world. The man who called Bitcoin a scam a few years ago still thinks the same, and everything he is talking about now is cheap pre-election propaganda.

The former US president told Fox Business' Stuart Varney: "Bitcoin, it just seems like a scam. I was surprised — you know, with us, it was at $6,000 and, much lower. I don't like it because it's another currency competing against the dollar, essentially it's a currency competing against the dollar." Trump also said that the currency of the world should be the US dollar and called for regulations on bitcoin. "I don't think we should have all of the bitcoins in the world out there. I think they should regulate them very very high, but the currency should be the dollar," he said.

[kizlod]

We need to understand one thing that we should never trust any politician they don't do things without their own benefit. As per the statement I don't think is any sort of acceptance but rather a pure manipulative statement and I think we shouldn't be quick in judging or trusting any politicians as it's all the vote politics and they can do anything for votes.

Majority of government and politicians don't like Bitcoin and crypto, you can understand that from the atrocious regulations laid by Indan government.

Exactly. I'm pretty sure that he's just saying that to get votes. But it also may bring some people into crypto I think. The ones who are not into it now, but believes Trump.

[yazher]

We need to understand one thing that we should never trust any politician they don't do things without their own benefit. As per the statement I don't think is any sort of acceptance but rather a pure manipulative statement and I think we shouldn't be quick in judging or trusting any politicians as it's all the vote politics and they can do anything for votes.

Majority of government and politicians don't like Bitcoin and crypto, you can understand that from the atrocious regulations laid by Indan government.

This is true because in Politics, whoever has more people, they always supported by the politicians. the same happens to our countries where they always have some connections in some groups and they always scratch each other's back. Of course, this statement of Trump will have a huge impact on the crypto community in the US and they won't gonna just let this one go since it gives them hope for the better changes of the crypto holders out there. They may be hoping for insight into some regulations that make it easier for miners to operate in that country.  

[mindrust]

It only makes sense for him to be a Dollar supporter since he wants to be the president of the United States. What was he gonna do? Badmouth the dollar and support bitcoin? Wouldn't that be treason? I mean the USD is the national currency of the US and he is the ex president. I find his last speech very positive for bitcoin. He is not exactly hating USD and he is not hating BTC too. You can't expect anything better than him. He will never say for example: "Alright, we are going to leave USD and use BTC as our national currency starting from tomorrow." That's not going to happen. It doesn't matter who the president is, Trump or Biden or anybody else. As long as they are not banning crypto, they are supporting it. (Biden or Trump or whoever) That's the only support we need from them. We didn't even need an ETF... Honestly, we were better without an ETF.

[PX-Z]

The crypto community also commented that he may be looking for vote from crypto community. But be it that, I like that the adoption of bitcoin has proven itself with masses which are now bitcoin holders and the approval of bitcoin ETF in the United States.

I will think and comment the same knowing he will run in the next election. But what Trump said about bitcoin is true ^{("it's taken on a life of its own")}. I bet others (candidates) will say the same sentiments knowing that there is already an ETF approved in the US. Bitcoin will likely be adopted whoever is in the position as long as the country itself doesn't banned it.

[naira]

Did you think that Trump will not win the primaries flawlessly? He would have won becuase he is very influential and he was the former United States president. The only obstacle he has in the presidential election is his rival Biden which is the present US president.

The crypto community also commented that he may be looking for vote from crypto community. But be it that, I like that the adoption of bitcoin has proven itself with masses which are now bitcoin holders and the approval of bitcoin ETF in the United States.

For politicians, no matter how small their vote share is, if it has the potential to increase the electability of elections then this will be considered the right object. Even though Trump shows partiality or is open this does not mean that Bitcoin will easily be opened in the US if elected. The policy requires the approval of many parties and the process is very gradual to legalize additional currency where this additional currency cannot be controlled automatically which is very difficult. Because the state needs full control in order to have stability in state treasury revenues. All politicians make Bitcoiner voices their main attraction and embracing all groups needs to be done during the campaign.

However based on my observations Trump could be better than Biden leadership, for some reason Trump figure has charisma and authority in the eyes of other countries.

[Rruchi man]

~

I am not surprised really because I have always expected it, that the opinions of some top people in government and other powerful individuals will change with time. I am more concerned about their followers, the people who consider them as mentors and the model they look up to, I am concerned for the ones who have followed so blindly the opinions of these people on bitcoins before, and because of that did not invest in bitcoins and lost the opportunity of investing early.

As an educated individual, it should be a personal responsibility to not be misled by even people you consider your mentors, always very any information you get before you accept it.

[Shishir99]

LOL. Whatever those political leaders say is just to get some attention and possible votes and support from the Bitcoin community. I do not think they speak anything genuinely like Nayib Bukele. I call this as dirty lies. We all know that politicians lie to get votes and it's happened all over the world, Not only in the US. I heard the Trump has a negative point of view about Bitcoin but do you want me to believe that it's changed already? Or it's just another try to get some attention and some support from the Bitcoiners? Maybe yes, maybe not. I am not a USA citizen and I don't know about them well. So, better to just watch peacefully.

[8rch7]

politician have mastered the art of manipulating peoples minds whenever they are at the pole and this  might just be a tricky tactics to get the attention of the voting population in the crypto space and i sure know he is achieving the needed  attention. bitcoin adoption has spread across the globe and bitcoin users are mostly youth which are his primary target that will give him the needed vote or help spread his popularity to  other youth that  will help him at the pol so its not something that should be taken seriously.

but its also a two sided win because as long as he has made theses series of statements that suggest that he supports bitcoin adoption, its a plus for the bitcoin community and will surely make other top leaders have a rethink on their stand regarding the adoption of bitcoin in their country

Manipulating is the art and skill have for all politician by giving large dreaming when becoming the president, I don't really sure with bitcoin speculation under the era of Donald Trump will get regulation or space in United State. He was former of United State president last edition before losing election campaign from Joe Biden but five years become United State president, Donald Trump never giving announcement or his interested to make bitcoin get more space in United State.

Don't easily believe the promises of politicians, it's just an art or trick they create to get sympathy from the public and it's difficult for anyone in the future who wins and becomes president of their union to make bitcoin as legal currency transaction in the future. Who ever the winner or United State election in several months later I don't sure they have compete to make bitcoin become legal currency transaction.

[sokani]

Having previously called Bitcoin a scam, I was really surprised to hear Donald Trump put out some good words about Bitcoin. My question is what really changed? First, he publicly condemned CBDC and labelled it a surveillance tool and now he's saying he can accept Bitcoin. To be honest, I find hard to believe that his comments are genuine. He's a politician and will always talk like one, he's saying all this to garner support for the forth coming election.