Trump vs. Biden is almost like Bitcoin vs Fiat

[tread93]

With Biden vetoing this crypto bill to allow corporations to be their own custodian & just being anti crypto in general & Trump preaching crypto to remain a priority in the US & also saying he would ensure protecting holders rights to self custody. Trump is literally talking about crypto policy with Elon Musk & saying how he is going to do all these things like grant pardons to high profile crypto bros its just wild. Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?

[letteredhub]

All of these socio-political battle between Trump and Bidin will eventually can me to an end immediately the US election is done with. All the rising tensions are just geared to the election and nothing more. Which makes the fiat vs bitcoin comparison to Biden vs Trump not really in place. Pardon me to say that Trump is sort of clamouring for cryptocurrency because he see that as a strong to gather support from all crypto enthusiasts in his ambition, am sure if he was to be in Biden's shoe he would have done same and Biden would have also done the reverse.

[thecodebear]

More like normal person vs corrupt lying traitorous convinced felon

[Assface16678]

Well, it's given to Biden to be anti-crypto currency, but still, even though Trump is into crypto currency, it's hard not to be suspicious of Trump's intentions. Of course, it will be beneficial for us holders if he can make his promises, but what if it is just for the votes? Or just to make people know him and most likely vote for him? I mean, crypto currency has quite a population, and for sure, if Trump can get the trust of many crypto holders, then it will be a huge advantage to him in terms of votes. Anyway if trump can really make its promises about crypto currency then it would be beneficial to us, its a win win situation, we can make him win and at the same time we could have an assurance that we have a strong person or politician that could back us up and protect as crypto currency holders.

[BlackBoss_]

With Biden vetoing this crypto bill to allow corporations to be their own custodian & just being anti crypto in general & Trump preaching crypto to remain a priority in the US & also saying he would ensure protecting holders rights to self custody. Trump is literally talking about crypto policy with Elon Musk & saying how he is going to do all these things like grant pardons to high profile crypto bros its just wild. Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?

They are politicians and can change their political approaches when they see a change will help them to gain benefit for their political career.

Trump and Biden are the same, their mindset on Bitcoin and cryptocurrency can change with time.

Trump changed so did Biden.

Trump changed a lot recent months than what he thought in 2019.

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....

“I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” he claimed before taking aim at the current president, Joe Biden, whom he is up against in the 2024 presidential race. The U.S. election day is scheduled for Nov. 5.

About Biden, we all knew that how he was forced to change because of recent support of Trump for Bitcoin and cryptocurrency market.

[Darker45]

Not necessarily. Words are cheap, especially during election season. 

As far as the veto is concerned, I think any private institution that wants to custody Bitcoin should go through the eye of a needle for approval. Banks and other financial custodians have been amiss in their responsibilities. People should rather take effort to learn how to self-custody than let incompetent third-parties keep their money for them.

Anyway, as has been my observation, Trump commits before he thinks through it. He says one thing today, takes it back the following day. It's no biggie for him. In which case, his words don't mean much.

[Don Pedro Dinero]

They are politicians and can change their political approaches when they see a change will help them to gain benefit for their political career.

Trump and Biden are the same, their mindset on Bitcoin and cryptocurrency can change with time.

Trump changed so did Biden.

Trump changed a lot recent months than what he thought in 2019. <...>

You are right that we should not rely too much on these opinions, which are for political convenience and may change in the future if they believe that what suits them is something else. Anyway regarding bitcoin Trump would not be the first one who did not like bitcoin and happens to like it, plus I think he has seen a niche of votes from people concerned about privacy, which would be more generally Republican people, who do not trust so much the state and its CBDCs.

[wxa7115]

Well, it's given to Biden to be anti-crypto currency, but still, even though Trump is into crypto currency, it's hard not to be suspicious of Trump's intentions. Of course, it will be beneficial for us holders if he can make his promises, but what if it is just for the votes? Or just to make people know him and most likely vote for him? I mean, crypto currency has quite a population, and for sure, if Trump can get the trust of many crypto holders, then it will be a huge advantage to him in terms of votes. Anyway if trump can really make its promises about crypto currency then it would be beneficial to us, its a win win situation, we can make him win and at the same time we could have an assurance that we have a strong person or politician that could back us up and protect as crypto currency holders.

Is it really any doubt that anything that Trump is doing at the moment has the intention of gaining votes? Not saying that is wrong, since that is what any candidate has to do in order to gain the votes he needs, but we must take anything being said by Trump or Biden with a healthy dose of skepticism.

After all, the most recent polls still puts them at a very close position relative to each other, so any votes that may be won by either candidate, may be the difference between winning or losing the upcoming election.

[Apocollapse]

Although the politicians can change their words easily from time to time and Trump was previously against Bitcoin, but with many cases that happens during Biden's presidency, I think people will not choose Biden anymore. Human aren't perfect, so people will choose the least evil one instead the best.

People aren't happy to see Biden proposed to tax mining and tightening the regulations, not to mention about many war that still not end yet. Trump high likely will win, even he can't keep his words, at least people can learn to not vote him in the next election.

[yudi09]

-snip- Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?

The two may not be different in terms of goals. They are politicians who want to get the most votes so they can become leaders in their country.
Trump here is trying to restore his trust in the public because previously when he was in office there might have been mistakes after mistakes that were considered failures.

For me both are the same. Don't want to judge them badly, but when it comes to Bitcoin I don't trust either of them. Actually, my thoughts are quite simple on this matter, namely that they are politicians who are trying to secure their business.
As long as the American people accept one of them then he is worthy.

[Frankolala]

Both of them are only after power and nothing else, they are using what they know that the citizens wants as a promise in order for them to win their votes. This is why we are seeing the sudden change in their speech towards bitcoin and cryptocurrency.

I believe that if any of them win the election, all what they said about crypto will be put aside and they might even go against cryptocurrency and come up with charges on cryptocurrency that will make US citizens see their actions as if they have the interest of the citizens in heart. Don't trust politicians with their empty promises.

[retreat]

I don't think it's like Bitcoin vs Fiat, because they are both politicians, and their current promises are the result of what they see now and it could change whenever they want - depending on what their needs are. Both of them use Bitcoin and the crypto world for their campaign purposes. They only intend to gain sympathy from pro-crypto voters, and once their goal is achieved I doubt that they will stick to their promise to provide the best for the development of crypto in the US. Because whether Biden or Trump, when they are elected, they will continue to regulate Bitcoin and Altcoins, and perhaps more strictly. And I suspect that of their many promises to crypto, at most they will only realize 1-2 promises, and the rest they will just leave it at that.

[btc78]

Pardon me to say that Trump is sort of clamouring for cryptocurrency because he see that as a strong to gather support from all crypto enthusiasts in his ambition, am sure if he was to be in Biden's shoe he would have done same and Biden would have also done the reverse.

I agree and it doesn’t seem fair to compare it to fiat vs cryptocurrency either. I don’t like both parties and they do not effectively represent fiat or crypto. This topic has been talked about multiple times in the forum and we have multiple times also said that this whole thing is nothing but for election.

I wish crypto enthusiasts don’t hope too much on Trump after the election. Being a president encompasses a lot of things not only crypto so do also consider how he is as a president all things considered.

[Marvell1]

I support Mr. Trump's election, but not because he spoke out in favor of bitcoin and cryptocurrency. Everything he says about crypto is more political than he actually cares about it. We all know politicians can do anything to achieve their goals, especially American politics is notoriously messy and there is no trick they don't dare to do.

I disagree when you call Trump is bitcoin and Biden is fiat, because whoever becomes president will represent and have the task of making the USD stronger. Therefore, Trump's support for bitcoin during his campaign does not mean he is representing bitcoin.

[Jon_Hodl]

As much I might like to believe what Trump says, he is just saying what people want to hear. Every word he uttered in his speech last week was him reading directly off of a teleprompter.

Bitcoin exists to make politicians obsolete but if Trump is serious, there's nothing bad that will come from bitcoin getting more exposure with GenX and boomers (Trump's largest demographic).

Only time will tell. 

[peter0425]

Bitcoin exists to make politicians obsolete but if Trump is serious, there's nothing bad that will come from bitcoin getting more exposure with GenX and boomers (Trump's largest demographic).

It will be such a waste of vote if someone votes for Trump just because of his stance on crypto just for him to not actually do anything in support of crypto. But people have already grown a dislike to Biden for what he has implemented concerning cryptocurrencies. They might not trust him anymore no matter what he says now.

They have seen his performance as president so they’ll probably try for Trump who has not yet shown what he can and will do with cryptocurrencies if given the chance.

[MeGold666]

I've heard Trump said he will commute Ross Ulbricht in the first day of his presidency, if elected.

I am not from the USA and I'm not interested in politics even in my own country, it seems like a hostage situation but I think it's worth a try to get this poor man out of this hell hole by voting to the old fart instead of the other old fart.

Just saying - I have no political views.

[ultrloa]

With Biden vetoing this crypto bill to allow corporations to be their own custodian & just being anti crypto in general & Trump preaching crypto to remain a priority in the US & also saying he would ensure protecting holders rights to self custody. Trump is literally talking about crypto policy with Elon Musk & saying how he is going to do all these things like grant pardons to high profile crypto bros its just wild. Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?

Don't easily get fooled by a politician which is been skeptical on bitcoin before so don't expect a lot on Trump since we don't know if he's true to his words and will fully support Bitcoin. But if the case that They are facing each other with Biden which is totally an anti bitcoin then maybe its worth to try what Trump could do if he could able to fulfill his promises or this might be just another trap for people just to get a vote on upcoming election.

So hopefully we can see a open minded leader could take the seat which could able to support bitcoin and other thing that can benefit their people also can eliminate something that protect the institutions or oligarch interest. I know this is long battle for bitcoins acceptance or in US but lets hope that there's something good will happen in future.

[TravelMug]

With Biden vetoing this crypto bill to allow corporations to be their own custodian & just being anti crypto in general & Trump preaching crypto to remain a priority in the US & also saying he would ensure protecting holders rights to self custody. Trump is literally talking about crypto policy with Elon Musk & saying how he is going to do all these things like grant pardons to high profile crypto bros its just wild. Its kind of fun to watch, also very funny how when I think about it Biden vs. Trump is sort of similar to Fiat vs. Bitcoin. Thoughts?

Nah, we really don't know if Trump is really crypto friend President as we have seen when he was in the office, we haven't heard anything from him or his administration although it was reported that he surrounded himself with pro-crypto individuals.

As for Biden, yeah, it seems that his whole administration and his political affiliations are against-crypto. Not sure where it steamed though, perhaps they consider Bitcoin or crypto as a threat to them or look at it as something like an enemy of the state.

[PrivacyG]

I would not make it political.  We all know how things go every four years.  You vote for the lesser Evil, every body whines no matter who wins and then you wait four years again so 'things get better'.

Anyway.  I do not get this.  Even if Trump versus Biden was like Bitcoin versus Fiat, what does this help any of us with?