Will Bitcoin become better

[btc78]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility?

I don’t believe it will ever happen. The best a country can do is recognize bitcoin as a legal tender but to use it to back up their currency would be a whole another thing. They can even make their own currency but there are factors to consider if they were to back up usd with bitcoin. First of all, they need to consider its volatility. Its volatility accounts for the reluctance of using it as back up.

This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

Come on they are politicians and they control the government. Would you really believe such words? They are basically saying that they want to remove themselves as the intermediary between transactions. They are just saying whatever we want to hear.

Will Bitcoin become better if any of these become possible?

It could legitimize bitcoin. I don’t think it’s bitcoin that will improve but rather the people who already hold bitcoin would definitely be very lucky.

[ndutndut]

It's not fiat, it can't support bitcoin, including dollars, Bitcoin doesn't depend on fiat. Currently, many people doubt this, so there are opinions about the badness of Bitcoin. This is a stupid thing. In my opinion, there's no need to waste your thoughts on things like that. Bitcoin stands alone and cannot be linked to anything, including fiat.

True. We always waste energy on something that has no connection and connection between them. Bitcoin and the dollar are different things, and do not support each other, let alone the dollar supports bitcoin. What we need to understand is that Bitcoin will never replace Fiat currency, because countries will definitely fight it. but bitcoin will remain a very realistic alternative to fiat money.

The point is Bitcoin will remain bitcoin with its transparent digital use in trade and bitcoin will remain in its intrinsic use. So I think blockchain is the future of finance.

[mateofurtado]

Bitcoin has always maintained the same concept: a completely decentralized currency where the price fluctuates based on supply and demand. It is unalterable, unhackable, and cannot be manipulated. With the dollar, or any type of fiat currency, anything can be done, including manipulating citizens. Bitcoin is the complete opposite of government-issued currencies. A major step is what El Salvador is doing with its Bitcoin reserves; that is cryptographic progress.

[Tmoonz]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

Will Bitcoin become better if any of these become possible?

Unfortunately I could say that there is nothing so spectacular or unique about the us election that will influence Bitcoin performance, Bitcoin has been doing greatly before this said elections and it will continue to do the same even after the election, hence anyone prioritizing bitcoin to be having or making new highs after election might just have failed to recognize the potentials that Bitcoin holds even without the election preposition, we don't have to be deceive by politicians as regards to making an informed investment decisions, because it is Bitcoin we are talking about here and not just some random coins in the space.

[Wakate]

It's not fiat, it can't support bitcoin, including dollars, Bitcoin doesn't depend on fiat. Currently, many people doubt this, so there are opinions about the badness of Bitcoin. This is a stupid thing. In my opinion, there's no need to waste your thoughts on things like that. Bitcoin stands alone and cannot be linked to anything, including fiat.

True. We always waste energy on something that has no connection and connection between them. Bitcoin and the dollar are different things, and do not support each other, let alone the dollar supports bitcoin. What we need to understand is that Bitcoin will never replace Fiat currency, because countries will definitely fight it. but bitcoin will remain a very realistic alternative to fiat money.

The point is Bitcoin will remain bitcoin with its transparent digital use in trade and bitcoin will remain in its intrinsic use. So I think blockchain is the future of finance.

Bitcoin does not have anything to do with the USD and that is why the United States government are still taking more action to enable them to control everything about Bitcoin taxing us more that we are supposed when it supposed to be less. We can take a look at the Binance USD that was quite competitive with the USDT currency but suddenly we noticed that the government has flagged it and asked Binance to shutdown the operation and use of the stable coin. This is a big bais and I'm not surprised because the stable coins is pegged to the United States dollar, so the government want to have full control of it.

[mindrust]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

Will Bitcoin become better if any of these become possible?

Unfortunately I could say that there is nothing so spectacular or unique about the us election that will influence Bitcoin performance, Bitcoin has been doing greatly before this said elections and it will continue to do the same even after the election, hence anyone prioritizing bitcoin to be having or making new highs after election might just have failed to recognize the potentials that Bitcoin holds even without the election preposition, we don't have to be deceive by politicians as regards to making an informed investment decisions, because it is Bitcoin we are talking about here and not just some random coins in the space.

The US election doesn't affect bitcoin directly a lot but it will have its indirect effects on the crypto world. Since bitcoin is considered a commodity/money in many parts of the world, the economy in the United States will affect its price against the USD and the elections will affect the US economy and the USD. If the FED prints more money, the USD will weaken and BTC will go up against the USD. However, if the economy stops in the US, even though they print money than that's called recession or stagflation or whatever and then everything will go down. So, the leadership in the US is definitely important for anyone that trades assets whether it is bitcoin or stocks or other commodities.

[reagansimms]

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from  Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

Will Bitcoin become better if any of these become possible?

From the Stone Age to the Modern Era, every word that comes out of politicians is always grey, there is no clarity that can be held because the statement is only temporary to smooth their desires. Previously Bitcoin had been flying very high long before the two politicians talked about it, Bitcoin but on its path without any party being able to control it. Supply and demand are always important factors in determining its price, the difference in the path between Bitcoin and Fiat makes the central authority have no chance to control it.

[Iranus]

From the Stone Age to the Modern Era, every word that comes out of politicians is always grey, there is no clarity that can be held because the statement is only temporary to smooth their desires. Previously Bitcoin had been flying very high long before the two politicians talked about it, Bitcoin but on its path without any party being able to control it. Supply and demand are always important factors in determining its price, the difference in the path between Bitcoin and Fiat makes the central authority have no chance to control it.

But the state of the world economy will directly impact the supply and demand of bitcoin. The demand for bitcoin will not increase if our economy faces many challenges and makes people's lives difficult. On the contrary, if the economy develops and people have a prosperous life, the demand for bitcoin will also change for the better, thereby positively affecting the price of bitcoin. And the state of the economy is determined by government policies, so it is clear that politicians still play an important role in the development of bitcoin.

Have you ever wondered how bitcoin would develop without the massive influx of money? And to get massive influx of money into the market, we need government permission.

Bitcoin is part of the world economy and the world economy is run by the United States, we cannot deny their impact on the growth of bitcoin.