Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning

[legiteum]

Trumpcoin has no affiliation with Donald Trump, it's a memecoin that could have been created by anyone.

It was just an example. Trump will probably invent a new coin, or buy into one that already exists, and use the power of the presidency to pump it while crashing Bitcoin. This is perfectly consistent with how Trump worked the first time he was president.

Trump doesn't care about Bitcoin. He doesn't care about your portfolio. He doesn't care about anything but making himself money.


The safe bet here is to stick with Biden and the Democrats.

[pooya87]

ETF, halving, US election, Fed will soon lower interest rates, the world economy enters a recovery cycle...all of this will create a super cycle for bitcoin.

I don't see any indication that interest rates are going to be lowered in US or pretty much in most other countries specially in the West. The recent FED announcement was also indicating no plans to lower the rates since the inflation is "sticky".
That means we will continue experiencing deepening recession and that affects bitcoin price negatively.

By the way, I don't live in America and I don't care much about politics there, but honestly, I hope Mr. Trump will be elected. At least under Mr. Trump's term, the world economy will be better than what Biden is creating.

With the way Biden is screwing up these days, Trump will probably win and there will be a funny days ahead. Specially when he wants to travel abroad as POTUS since he is wanted for an act of terror and he will either be eliminated or "taken"

In any case I agree that the world economy will be better with him though because there is a good chance he will "ostracize" United States more than his previous term and this time speed up the ongoing global dedollarisation which helps the economy of any country that does it in the long run.

[nutildah]

It's laughable that any of you could believe this sociopath cares about anything other than himself.  He will screw you over the second it suits his interests.  He doesn't like crypto, he's merely obsessed with himself.

This is true but it also holds true for most politicians. They have to be willing to say or do anything to win some votes. They will say "Bitcoin is bad" to some curmugeony union representatives, ensuring that their treasury bonds are secure thanks to the strength of the US dollar, then turn around and say "Bitcoin rocks" to a group of high school students.

At the end of the day, whoever is elected will fall in line with what the Federal Reserve tells them, which will of course be to support the dollar and shit on bitcoin whenever possible.

[xmonkeyx]

I want to summarize the opinions about the changes that big businessman Donald Trump has made to the digital currency we care about (Bitcoi) the changes that big businessman Donald Trump has made to the digital currency we care about, The former President has expressed a skeptical view of Bitcoin, calling Bitcoin an "unstable asset." However, I am aware that there may be a rule change behind this establishment. The President wants to explore a new path about Bitcoin. His rumours and statements on social media have raised doubts about his interest in the world of digital money.

[fuguebtc]

ETF, halving, US election, Fed will soon lower interest rates, the world economy enters a recovery cycle...all of this will create a super cycle for bitcoin.

I don't see any indication that interest rates are going to be lowered in US or pretty much in most other countries specially in the West. The recent FED announcement was also indicating no plans to lower the rates since the inflation is "sticky".
That means we will continue experiencing deepening recession and that affects bitcoin price negatively.

According to my research, initially the market expected there would be at least 3 interest rate cuts this year, but with the recent not-so-positive developments in the economy, expectations for interest rate cuts have been reduced to 2. Although the Fed has not given any signal about reducing interest rates, I think this year is an election year so the Fed must at least lower interest rates at least once to stimulate the economy before the election takes place.

By the way, I don't live in America and I don't care much about politics there, but honestly, I hope Mr. Trump will be elected. At least under Mr. Trump's term, the world economy will be better than what Biden is creating.

With the way Biden is screwing up these days, Trump will probably win and there will be a funny days ahead. Specially when he wants to travel abroad as POTUS since he is wanted for an act of terror and he will either be eliminated or "taken"

In any case I agree that the world economy will be better with him though because there is a good chance he will "ostracize" United States more than his previous term and this time speed up the ongoing global dedollarisation which helps the economy of any country that does it in the long run.

I'm also interested in de-dollarization and hope it happens faster because letting one country dominate the world is unpleasant and unfair, a multipolar world would be better for many other countries and the whole world. But what I'm more care about is that the economy will soon recover and trigger a bull season, a super cycle for bitcoin. That's why I support Trump over Biden  .

[Wind_FURY]

Why is everyone being bearish merely because a presidential candidate mentioned Bitcoin/crypto? Are you over-thinking this NOW? We have the ETF, and now a presidential candidate is talking about it? It has truly become mainstream now, who cares what kind of person mentioned it. It's a defining moment if you ask me, and the ETF has legitimized Bitcoin as an asset class. VERY BULLISH.

Buy the DIP, and HODL. The critics missed the point.

[KiaKia]

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.

Right now no one cares, the blacks in the united states are all complaining about Biden, many vowed to never vote for Biden the second time anymore, Trump or anyone else can get there but definitely not Biden.

Who will you vote for anyways? Even when we all know that Trump is trying to make use of this advantage to win the election? I think no way cares, they just want Biden gone and as a matter of fact I want every obstacle in the crypto space gone, so I am against Biden.

Trump saying he will get donations in Cryptocurrency is lit🔥 I don't know why many people don't see this as a big deal, he always talked about nfts, that is dope as f***.

[jaberwock]

Bitcoin went up 500% under Biden.

Trump promises more chaos, rattled markets, and corruption at the highest levels, including the president having a vested financial interest in various markets to the detriment of others (e.g. Trump blocks Bitcoin so TrumpCoin can explode in price).

The safe bet here is to vote for Biden and the Democrats so Bitcoin can go up another 500%.

So, this Trump coin is also from Donald Trump himself? Or you only use that as an example? Because, I think it's only just a meme coin and even if not, I still doubt if such personality will create their own crypto. There are CBDC's but I think they are only created by the banks as their name implies (Central Bank Digital Currencies).

I have heard negative things about Trump in the past but I didn't know that it only wasn't limited to that. This makes people to fully decide to not vote Trump but vote someone else instead like Joe Biden and its allied party because not only they have no or only have less issues but they are also friendly to BTC, resulting for us to see a massive increase on its value. 

[legiteum]

So, this Trump coin is also from Donald Trump himself? Or you only use that as an example? Because, I think it's only just a meme coin and even if not, I still doubt if such personality will create their own crypto. There are CBDC's but I think they are only created by the banks as their name implies (Central Bank Digital Currencies).

Just an example. With the power of the presidency, Trump would hardly have to do anything all to drop Bitcoin's price by 90% or more.

Trump wouldn't bother with a CBDC because the US government would own it, not him. In fact, he'd probably be against it because a CBDC would compete with a "Trump Coin" too, conceivably.

I really don't see any political support for a CBDC in the USA from any side, frankly.

[pooya87]

I have to say this is still the most absurd thing I've seen that over 300 million Americans are forced to choose between two of the worst presidential candidates that anybody can think of!
If you threw a stone in a crowd you're bound to hit a much better option than these two

According to my research, initially the market expected there would be at least 3 interest rate cuts this year,

There were and still are a lot of speculation about the rate cuts but almost all of them forget two important factors when they speculate: geopolitics and energy prices.

I think this year is an election year so the Fed must at least lower interest rates at least once to stimulate the economy before the election takes place.

If they reduce rates, the inflation goes up. Although that's good for us because it also helps bitcoin price rise

I'm also interested in de-dollarization and hope it happens faster because letting one country dominate the world is unpleasant and unfair, a multipolar world would be better for many other countries and the whole world.

Another reason is we don't want 2008 events to be repeated where US economy crumbles down and because of that high interconnection and dependence on US economy, the rest of the world is also affected negatively.
The more "decoupled" the world economy gets from US economy the less they'll be affected, when 2008 catastrophe repeats.

Why is everyone being bearish merely because a presidential candidate mentioned Bitcoin/crypto?

The market is bearish because majority of the world's economy has been in recession for the past 2-3 years.
Not to mention the scam market known a "bonds" is sucking all the money from other markets due to its high "interest rates"...

[kotajikikox]

It was just an example. Trump will probably invent a new coin, or buy into one that already exists, and use the power of the presidency to pump it while crashing Bitcoin. This is perfectly consistent with how Trump worked the first time he was president.

You are right. The way trump works is quite unique but you can definitely tell the agenda behind it. He wants money and power. He would pretend to care about bitcoin and cryptocurrency but only because he wants to earn off of it.

Trump doesn't care about Bitcoin. He doesn't care about your portfolio. He doesn't care about anything but making himself money.

He doesn’t care about bitcoin because he can’t have it. He wants a coin he can control and no matter what he does, he won’t be able to have every bitcoin and control them all.

The safe bet here is to stick with Biden and the Democrats.

The US political system is something I find worrisome. There are only two options and it’s not like both of them are your ideal candidates. Whatever the result may be, I want to say goodluck to american citizens already.

[CODE200]

Hey, if this man is insane to many, I don't mind. His living in a country where I don't live so I'm not that worried whoever wins that election, one thing that I'm really happy about is the price of bitcoin or just the US government supporting it or staying neutral from it, that's the only thing that matters to me. For now, I feel like that Trump is just trying to led on the people that are into bitcoin as most of them are probably uncertain yet on who they're going to vote, you got to cover your bases after all. One thing that would totally consolidate or increase of support for Trump would probably if he starts buying bitcoins for himself, that's the only way for now, maybe legislations that would benefit or protect the economy but other than that, still on the fence with this man.

[Iranus]

Bitcoin went up 500% under Biden.

Trump promises more chaos, rattled markets, and corruption at the highest levels, including the president having a vested financial interest in various markets to the detriment of others (e.g. Trump blocks Bitcoin so TrumpCoin can explode in price).

The safe bet here is to vote for Biden and the Democrats so Bitcoin can go up another 500%.

Biden still wants to implement a 30% tax bill on bitcoin mining companies, and he recently announced he will not sign and pass the SAB 121 deregulation bill (crypto asset discrimination by SEC and forcing banks to stay away from storing cryptocurrencies). Which mean he is supporting the SEC's crackdown on cryptocurrencies. Do you think the Biden administration is being friendly to bitcoin and helping it grow?
And unrelated to the market, do you see that inflation still shows no signs of decreasing, and wars around the world continue to break out...so many troubles under Biden. What good things is Biden bringing to the world?

[Wind_FURY]

Why is everyone being bearish merely because a presidential candidate mentioned Bitcoin/crypto?

The market is bearish because majority of the world's economy has been in recession for the past 2-3 years.
Not to mention the scam market known a "bonds" is sucking all the money from other markets due to its high "interest rates"...

I wasn't merely talking about the "market", I was talking about the reactions of the posters in the topic. They absolutely missed the point of what the "support" means. It doesn't matter if it's real, or not. What matters is, Bitcoin has become an unstoppable force. I believe 10 years ago NO ONE would say that there will be a Bitcoin ETF or that a U.S. presidential candidate would mention it publicly during a speech.

If you ask me, it is bullish for the future of Bitcoin whether there's real support or not.

Plus there might be real support?

For the past month we have been working with the Trump campaign to develop their bitcoin and crypto policy agenda. We proposed a comprehensive executive order for President Trump to sign on day 1. I will be sharing those details soon. This week Trump took the first step, but there is much work to do. We intend to raise a $100m war chest for the campaign to insure the next President of the United States is pro Bitcoin. If you can help, please reach out.

https://x.com/davidfbailey/status/1789141605544538467

This is an X post by the CEO of Bitcoin Magazine.

[Poker Player]

For the past month we have been working with the Trump campaign to develop their bitcoin and crypto policy agenda. We proposed a comprehensive executive order for President Trump to sign on day 1. I will be sharing those details soon. This week Trump took the first step, but there is much work to do. We intend to raise a $100m war chest for the campaign to insure the next President of the United States is pro Bitcoin. If you can help, please reach out.

https://x.com/davidfbailey/status/1789141605544538467

I'm a bit surprised by this, as Trump didn't have a very good opinion on Bitcoin in the past, but everyone can change, look at Saylor. However, it is one thing for him to change his mind, but it is another for him to consider it important enough to take action on day 1. I have heard Trump say what he is going to do on day 1 if he wins and I have not heard him talk about Bitcoin.

[Z390]

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.

He will win this time around, because of miners in the US, they need any form of rescue to keep mining without the weight of 30% tax on their rewards, that is unfair for miners and the solution is voting biden out, also the crack down on crypto itself is too harsh for the people of United states, the numbers of investors from US is huge, this is why Trump decide to take the advantage, to me it is a good one.

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.

Same here, it is a shame that some companies are leaving the US just to survive, and Biden gives no f about them, who does that? I know Trump is a freak in his own style, but if he is standing on the right side of crypto so am I, he is getting my vote.

[LogitechMouse]

I don't know if Trump is just using Bitcoin to increase his popularity, or he really changed his stance with regards to Bitcoin knowing that many miners are having a hard time making profit because of that 30% tax.

Second chance? I guess so. I mean we've seen JPMorgan who has been an anti-Bitcoin for a very long time has been involved into a Spot Bitcoin ETF. We've seen some famous businessmen changing their statements with regards to Bitcoin. Well, I guess Trump will surely win on this one. I don't know, but I think there's a huge number of people in the US that are involved with crypto as well so if Trump manage to get those votes, that will be a big one for him, and with how Biden is making his people suffer, they really need a new president.

I just don't like the fact that he's saying anything about NFTs still. Well, just for the sake of votes, he will do everything.

[Wind_FURY]

For the past month we have been working with the Trump campaign to develop their bitcoin and crypto policy agenda. We proposed a comprehensive executive order for President Trump to sign on day 1. I will be sharing those details soon. This week Trump took the first step, but there is much work to do. We intend to raise a $100m war chest for the campaign to insure the next President of the United States is pro Bitcoin. If you can help, please reach out.

https://x.com/davidfbailey/status/1789141605544538467

I'm a bit surprised by this, as Trump didn't have a very good opinion on Bitcoin in the past, but everyone can change, look at Saylor. However, it is one thing for him to change his mind, but it is another for him to consider it important enough to take action on day 1. I have heard Trump say what he is going to do on day 1 if he wins and I have not heard him talk about Bitcoin.

Whether it's merely a ruse to get more voters from the community or not, that doesn't matter if you ask me. It's the mere fact that Bitcoin is getting this kind of attention that's making me bullish. This year is a defining moment of legitimizing Bitcoin as an asset class - because of the ETF, because we have a presidential candidate that's considering its importance. It's definitely GOOD, and it would be laughable if people believe it's not.

[pooya87]

I believe 10 years ago NO ONE would say that there will be a Bitcoin ETF or that a U.S. presidential candidate would mention it publicly during a speech.

I remember at least in the past 2 US elections (that's almost ten years) there have been candidates who commented on bitcoin. This time Kennedy was commenting on bitcoin a lot too.

We intend to raise a $100m

That sounds like they are just paying him for some "stuff" behind curtains
Like the oil giants that are paying him a cool billion to advertise, win and then change the regulations in their favor so that they can f**k the environment and start extracting more oil from restricted areas to make hundreds of billions themselves.

The real question is what's in it for these guys who are paying bribing him a cool hundred mil...

[MusaMohamed]

I remember at least in the past 2 US elections (that's almost ten years) there have been candidates who commented on bitcoin. This time Kennedy was commenting on bitcoin a lot too.

Politicians will use Bitcoin in their propaganda more regularly in future because they see potential of Bitcoin to boost their propaganda to get votes from many citizens who initially are not their fans, supporters.

Politicians are good to say lies and they can just temporarily use Bitcoin to beneficial their political propaganda and we must wait their activities after they get elected.

Kenedy will have no chance to become a next USA. President but votes for him in a next President Election will impact on a race between Biden and Trump for a next President. Because Kenedy does not belong to two big parties so a vote for him means a loss for both Biden and Trump.

Now there is an article to summarize about politicians in USA. who support or anti Bitcoin.
The Bizarre (Sort of) Bipartisanship of the Crypto Congress