Will cryptocurrencies see a new wave after Trump's election?

[Zlantann]

It's too early to predict that. I understand that during Biden's administration, the common cryptocurrency users are not in a good shape due to increased tax burden and also the crypto related businesses are facing court cases and arrests. But there's no guarantee that it will be changed if Trump wins the election. So don't rush into predicting outcome yet.

Also it seems, the chance of Trump becoming president again, is pretty slim.

Politicians are highly unpredictable. They can promise heaven and earth during campaigns. When they win elections they will give reasons why they will not implement what they promised during political campaigns. For me, Trump was just telling crypto backers at Mar-a-Lago what they wanted to hear. He wants them to support him financially and otherwise, so the best way to achieve this is to act like a crypto supporter. He has never been a Bitcoin supporter, or maybe he has changed his negative view of the industry. Joe Biden through his agent the Securities and Exchange Commission Chair Gary Gensler has made laws targeted at incarcerating the crypto industry. With what Trump is saying about the industry, he would treat the sector better than the current government. But politicians can not be trusted.

[bettercrypto]

Wait, is it certain that Trump will win this upcoming election? I just asked this because if in the last election Trump was the President and he had the advantage to win, he was still defeated by Biden, how is it possible now that Biden is the current President?

It means that when he was defeated by Biden, he was not that strong, especially now that Biden is stronger, right? So we still can't say what will actually happen. Let's see if this cryptocurrency really makes waves.

[hugeblack]

Politicians' promises should not be believed, especially in the last months before the elections. Everyone wants to earn points and Bitcoin performed well during the Trump and Biden periods, while the Biden period made trading in Bitcoin more difficult but ETFs approved. since the United States is a state of institutions, changing the president will not change much, especially in Cryptocurrencies, which are not at the top of voters' interest.

[Ambatman]

The use of Btc believers weird's me out.
It's like we worshipping Bitcoin
And yes we should understand politics too.
Btc exist in an environment and would definitely be affected by environmental factor like politics.

Even if bitcoin is affected by factors like politics it should not lean towards any political party and should not be used to promote any kind of political character. That will not reflect the bitcoin community at large because not all bitcoin enthusiasts are american citizens and even if they are not all of them support trump

Yeah but I'm not sure I talked about Bitcoin picking a party
What am saying is we should have idea and still understand the political domain of a nation.
There's a reason there's a politics board in the forum.
War ongoing with Israel is politics and we have seen how it affected the market the last time.
Anybody that wins, I don't care if they support Bitcoin but atleast they should be indifferent about it rather than explicitly attacking.

Bitcoin went up 500% under president Biden

I don't see any role he played on this rise
It was Bitcoin just been Bitcoin.

[DooMAD]

Trump belongs in a jailhouse, not the Whitehouse.  He's as corrupt as they come.  The nicest thing anyone can say about him is that he's not a particularly successful criminal.   

I don't see how anyone thinks a toxic, narcissistic ego-maniac with no respect for the position being in power is a good idea.  Insanity must be a widespread issue in the US for people to still like that monster.

Seriously, if you like Trump, there's something wrong with you.  Something inside you is broken and you no longer see reason.  Seek help.

[DeathAngel]

Trump’s been seen as cryptocurrency friendly in recent interviews & videos posted online but it’s probably just a ploy to get votes from cryptocurrency users who might have otherwise voted for Biden. During election year, candidates will pimp themselves out to all sorts of groups of people to gain votes. I think a Republican government under Trump will be more crypto friendly than the Dems have been with Biden but let’s be real, Trump’s only motivation now is to win the election.

[Outhue]

We cannot fully predict on this, this is all about his own personal achievement as he is making campaign in other for him to emerge into the office for the second term, the only advantage i see to this is the way bitcoin use will be allowed and free from regulation as from how it has always been through the thick and dark huddles of the US government, his administration may lay down all the attacked and allow everyone to use bitcoin as they have always wanted and if possible make bitcoin a legal tender.

For the first time ever I have grown to like Trump, this man is this smart? Haha I don't see it coming, my mind was fixed on Kennedy as the likely winner in the upcoming election but I was worried because Biden as more supporter than Kennedy and Kennedy lacks how to steal people's mind, sorry to say.

Trump did what Kennedy should have done, in style, with confidence and that power? Right now people don't care about what could happen later, they want crypto to win, and that is why Trump will gain the full support, he saw an opportunity laying in front of him and grabbed it hard.

I never knew that Trump has NFTs? I heard it differently from the video, Kudos to the Kid with the MoG meme shades, he asked Trump the right question and Trump delivered.

I know some people hate Trump, but if you are a Bitcoin investor residing in the US and you vote for Bidden you are a sick being, and a betrayer, the disadvantages that comes next if bidden entered the White house the second time will be disastrous for crypto in general.

If you hate Trump, well he isn't the only supporter of Bitcoin now, just vote for Kenedy then, not bidden.

[cryptosize]

So in general I expect 2 good and 2 bad years with Trump. Seems like a better deal compared to 3-4 bad years of Biden.

Bitcoin went up 500% under president Biden.

You conveniently forget the fact Bitcoin started pumping back in 2020 under Trump's presidency.

In fact FED started ZIRP back in March 2020 (COVID stimulus)...

You also conveniently forget the huge 2016-2017 bull run under Trump's presidency.

But why does this really matter? FED is supposed to be independent. No?

It's not like Trump or Biden can order FED to print more money... it doesn't work like that.

[legiteum]

You conveniently forget the fact Bitcoin started pumping back in 2020 under Trump's presidency.

LOL, "started pumping". Okay. Sure. It doesn't change the fact that Biden's presidency has been very, very good for Bitcoin.

It's not like Trump or Biden can order FED to print more money... it doesn't work like that.

I never said they could. And I personally see no direct connection between the presidency and the price of Bitcoin as long as things are stable. A normal Democrat like Biden or a normal (pre-2016) Republican would be fine. But Trump very uniquely brings a high degree of risk to this market, which could very well crush the price of Bitcoin down to something like $10,000 or lower. If Trump wins, people should prepare for the worst.

[cryptosize]

LOL, "started pumping".

You don't like facts? Or do you have dementia too?

BTC started pumping back in March 2020 (4-5k was the bottom back then). Facts are facts.

It doesn't change the fact that Biden's presidency has been very, very good for Bitcoin.

FED started printing money way before Biden was "elected".

I never said they could. And I personally see no direct connection between the presidency and the price of Bitcoin as long as things are stable.

But you keep saying Biden is good for Bitcoin! Make up your mind. Don't flip-flop like politicians do.

Things weren't stable (due to COVID fearmongering) back in March 2020 and yet, BTC jumped to 5 digits a few months later...

But Trump very uniquely brings a high degree of risk to this market

That didn't happen in 2016-2020. I see zero arguments.

which could very well crush the price of Bitcoin down to something like $10,000 or lower. If Trump wins, people should prepare for the worst.

I strongly doubt it, but IF it happens I would consider it a "buy the fucking dip" opportunity, just like I did back in Nov-Dec 2022 with the FTX fiasco (BTC @ 15-16k). Why do you try to spread fearmongering? You think we're ignorant about BTC's fundamentals?

And don't get me started on Democrats, because FTX was indeed a huge laundering business for SBF and Dems:

https://twitter.com/TaraBull808/status/1591885176300535808

[legiteum]

LOL, "started pumping".

You don't like facts? Or do you have dementia too?

[/quotes]

Facts? That's... spin . Bitcoin "started pumping" under.. Obama then, right?

It doesn't change the fact that Biden's presidency has been very, very good for Bitcoin.

FED started printing money way before Biden was "elected".

Well, the FED doesn't "print money". It doesn't work that way...

But you keep saying Biden is good for Bitcoin! Make up your mind. Don't flip-flop like politicians do.

Things weren't stable (due to COVID fearmongering) back in March 2020 and yet, BTC jumped to 5 digits a few months later...

Biden will be fine for Bitcoin, as would any normal president would be. Trump will be a disaster. Biden will be "non-bad" for Bitcoin, I guess is another way to put it.

And the economic instability we had during COVID is nothing compared to what Trump could do with the markets if he starts screwing around with them, like the way he's messing around with his public company's stock. He has no doubt figured out the US presidency could easily make him the richest man in the world by just making some relatively innocuous moves like say denigrating Bitcoin in favor of his own crytpo.

But Trump very uniquely brings a high degree of risk to this market

That didn't happen in 2016-2020. I see zero arguments.

That was before Trump showed the world he was the "real deal" by attacking the US Capitol, and his party showed that they would support him no matter what laws he broke. The next Trump administration will be nothing like the first. All of the "normal Republicans" are gone. This new regime will be pure grift. Trump has promised to pardon all of the 1/6 criminals, and had already pardoned dozens of financial criminals. He's clearly signaling that he intends to run a kleptocracy just like Putin does in Russia wherein he is essentially at the top of a crime family: kick up to Trump, and you can do whatever you want.

FTX was shut down and SBF was put in prison under Biden. So that makes no sense...

[cryptosize]

Well, the FED doesn't "print money". It doesn't work that way...

You're probably trolling us at this point.

What does FED do to stimulate the economy?

Biden will be fine for Bitcoin, as would any normal president would be. Trump will be a disaster. Biden will be "non-bad" for Bitcoin, I guess is another way to put it.

And the economic instability we had during COVID is nothing compared to what Trump could do with the markets if he starts screwing around with them, like the way he's messing around with his public company's stock. He has no doubt figured out the US presidency could easily make him the richest man in the world by just making some relatively innocuous moves like say denigrating Bitcoin in favor of his own crytpo.

Gotcha! Trump will become even richer than Satoshi by launching a shitcoin. Comedy gold material!

Not only you don't understand FED, but you also don't understand BTC either. Double whammy!

That was before Trump showed the world he was the "real deal" by attacking the US Capitol, and his party showed that they would support him no matter what laws he broke. The next Trump administration will be nothing like the first. All of the "normal Republicans" are gone. This new regime will be pure grift. Trump has promised to pardon all of the 1/6 criminals, and had already pardoned dozens of financial criminals. He's clearly signaling that he intends to run a kleptocracy just like Putin does in Russia wherein he is essentially at the top of a crime family: kick up to Trump, and you can do whatever you want.

You sound like a Current Thing NPC (regurgitating mass media).

FTX was shut down and SBF was put in prison under Biden. So that makes no sense...

You "forgot" to mention that FTX stole billions worth of BTC and they're going to repay customers at late 2022 prices (BTC @ 16k).

That's the very definition of Kleptocracy right there in the US.

But I guess it was cool when SBF funded Dems with FTX customers' money, eh?

[Not in Town]

The safe bet is reelecting Biden, who presided over Bitcoin going up 500%.

Nah, it's probably safer electing Trump, who presided over Bitcoin going up 2000%.

[Bananington]

he will end the hostility of the United States to cryptocurrencies and embrace cryptocurrencies.
"Joe Biden doesn't even know what cryptocurrencies are, if you like cryptocurrencies, you better vote for Trump."

With him already giving campaign promises and showing signs that he would be more friendly with bitcoins and cryptocurrencies, the value of Bitcoin and other crypto currency may positively be affected if he becomes the president of the United States which of course is one of the world's most influential countries. If United States change their views on Cryptocurrency and become friendly towards making policies that support adoption, many other countries of the world will follow and that's very positive move for Bitcoin.

[legiteum]

Well, the FED doesn't "print money". It doesn't work that way...

You're probably trolling us at this point.

What does FED do to stimulate the economy?

They buy bonds. There's really not enough space here to explain macroeconomics, but suffice it to say that they don't just "print money" and the actual supply of hard currency is actually quite disconnected from what the FED actually does.

FTX was shut down and SBF was put in prison under Biden. So that makes no sense...

You "forgot" to mention that FTX stole billions worth of BTC and they're going to repay customers at late 2022 prices (BTC @ 16k).

That's the very definition of Kleptocracy right there in the US.

FTX stole money, and under Biden, they were charged and convicted. That's what a normal presidency does to things like FTX. That's not what Trump does, who had already pardoned numerous financial criminals, and has promised to pardon many more if he's elected again.

A kleptocracy is not a place where crimes happens--that describes all countries. Rather, a kleptocracy is where the ruler of the country allows criminals to rip people off as long as they kick up to the ruler, e.g. like a mafia boss. That's what Putin has already in Russia, and what Trump wants to create for the USA.

[KingsDen]

I would choose not to involve in the politics of my country if it is possible, but then the government and their policies in one way or the other affects me and that is why I will have to directly or indirectly get involved.
If I am from the States, I will vote Trump because of the statement he made. Be it political or not, it is better he made the good statement than sticking with someone who already is in power and doesn't do much to favour cryptocurrency. The shoe wearer knows where it stinks, so Americans know what they want but American bitcoiners know better

[cryptosize]

Well, the FED doesn't "print money". It doesn't work that way...

You're probably trolling us at this point.

What does FED do to stimulate the economy?

They buy bonds. There's really not enough space here to explain macroeconomics, but suffice it to say that they don't just "print money" and the actual supply of hard currency is actually quite disconnected from what the FED actually does.

Where do they find the money to buy the bonds + pay interest?

USD isn't even a hard currency to begin with (since 1971 at least).

FTX was shut down and SBF was put in prison under Biden. So that makes no sense...

You "forgot" to mention that FTX stole billions worth of BTC and they're going to repay customers at late 2022 prices (BTC @ 16k).

That's the very definition of Kleptocracy right there in the US.

FTX stole money, and under Biden, they were charged and convicted. That's what a normal presidency does to things like FTX. That's not what Trump does, who had already pardoned numerous financial criminals, and has promised to pardon many more if he's elected again.

A kleptocracy is not a place where crimes happens--that describes all countries. Rather, a kleptocracy is where the ruler of the country allows criminals to rip people off as long as they kick up to the ruler, e.g. like a mafia boss. That's what Putin has already in Russia, and what Trump wants to create for the USA.

Trump is not going to pardon SBF/Ukraine cronies, rest assured.

You've never heard what Deep State is, right?

Every country has it, it's just that some countries hide it better than others.

So care to tell us why people won't take their BTC back? Why pay them at 16k?

25 years of prison is nothing if you manage to steal billions... you get fake fiat money, while FTX keeps the real money (BTC).

But since you seem to shill a shitcoin (haypenny) yourself, I don't expect you to understand anything about economics.

It's also huge hypocrisy to claim that Trump will issue his own shitcoin... Pot, Kettle, Black?

[Churchillvv]

I don't really know why this people always use cryptocurrency as an advocate for their selfish interest. Whether during tenure of Biden the rate of arrest/attack on cryptocurrency supporting firms are high or not this politicians are the same, they aren't going to do anything special about the cryptocurrencies all they want is to use that to achieve there interest.

The fact that majority of people in the US are beginning to use cryptocurrency to an extent Trump is just using that as a to get the people's vote but from perspective his never going to help in any way.

[Iranus]

I don't really know why this people always use cryptocurrency as an advocate for their selfish interest. Whether during tenure of Biden the rate of arrest/attack on cryptocurrency supporting firms are high or not this politicians are the same, they aren't going to do anything special about the cryptocurrencies all they want is to use that to achieve there interest.

The fact that majority of people in the US are beginning to use cryptocurrency to an extent Trump is just using that as a to get the people's vote but from perspective his never going to help in any way.

There are no permanent enemies, only permanent interests, especially politicians they will be willing to do anything as long as they achieve their goals, so you don't need to be surprised when Trump's opponent hates cryptocurrency, he claims to support it or vice versa.

But I will still support Mr. Trump because he is simply a businessman and he tends to focus on profits, he will promote the development of the US economy as well as the world economy. And that will also benefit the cryptocurrency market, thereby promoting the development of the cryptocurrency industry more than what is happening now. I wouldn't be surprised if Trump is elected and Gary Gensler is fired.

[pooya87]

I hate to bring up politics

And yet you called it "Trump's election"? LOL

end the hostility of the United States to cryptocurrencies and embrace cryptocurrencies.

Has US been particularly hostile toward cryptocurrencies? I don't think so.
Of course as the biggest anti-privacy regime, they don't like cryptocurrencies and that policy does not change with presidents; but I wouldn't call the whole regime's policy towards cryptocurrencies "hostile".
A hostile attitude is what countries like Bangladesh did by outright banning them.

"Joe Biden doesn't even know what cryptocurrencies are, if you like cryptocurrencies, you better vote for Trump."

LOL as if there is a difference between these two

1. Most people have a love for cryptocurrencies like BTC

No they don't. Majority of the population have only heard the name Bitcoin at best and have no feelings toward it.

Bottom line is no matter who wins the next election inside one country called USA, things will not be significantly different for this global currency called bitcoin!