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Author Topic: Trump picks the first ever bitcoiner on a presidential ticket who holds bitcoin!  (Read 95 times)
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rdbase (OP)
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July 16, 2024, 06:37:25 PM
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 #1

Trump’s VP pick is the first ever ‘bitcoiner’ on a presidential ticket
"JD Vance owns a substantial amount of bitcoin and has pushed crypto-friendly legislation"
source: https://www.independent.co.uk/tech/trump-bitcoin-vance-pro-crypto-b2580495.html

                                    
                          
                           source: https://www.foxbusiness.com/politics/donald-trump-j-d-vance-create-pro-crypto-presidential-ticket

Forbes did put out their article when Trump really didn't understand it's real case uses in the new emerging climate of America has been over the last four years under Biden:
https://www.forbes.com/sites/dereksaul/2024/07/16/are-trump-and-vance-good-for-bitcoin-heres-why-the-market-thinks-so-even-though-trumps-called-it-a-scam

I do think Trump will stick to what he will say about cryptocurrency at he upcoming Bitcoin Conference 2024 happening in Nashville on the 25th to the 27th of this month since he did this while in office before the current administration who have been hammering down on it with constant heavy-handed regulation time after time after time:
https://www.foxbusiness.com/politics/trump-became-countrys-first-crypto-president-during-first-year-in-office-former-cftc-regulator-says

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Today at 03:55:03 AM
 #2

Wow, I had read about the new VP but did not know this aspect. It seems then that Trump's pro-Bitcoin turn is in earnest. In general I don't trust politicians, and if it's on the campaign trail even less but Trump would be neither the first nor will he be the last to change his stance on Bitcoin (remember Saylor, for example). He also received $2 from the Winklevoss twins. But if the VP has personally Bitcoin it seems clear that if he wins with his policies he is going to be favorable to Bitcoin and all that surrounds it. There are also several big name Republicans involved in Bitcoin and the Mining Industry, like Ted Cruz for example.

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Today at 04:07:13 AM
 #3

Trump’s VP pick is the first ever ‘bitcoiner’ on a presidential ticket
"JD Vance owns a substantial amount of bitcoin and has pushed crypto-friendly legislation"
The news is in 2022 but it is not important when it was made publicly. I read some information on Vance yesterday after he was chosen and appointed as a partner of Trump in the President Election campaign. What I really noticed is Vance is a very young man, he was born in 1984.

With demographics of Bitcoiners, majority belongs to the young, middle aged people. Vance is not surprising Bitcoiner if we take into account his age.

About 20% of Bitcoiners have age in 35 to 44 https://coin.dance/stats#demographics

https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/

Quote
As was true in past surveys, younger men are more likely to use cryptocurrency compared with men 50 and older and women of any age. For example, 41% of men ages 18 to 29 say they have ever invested in, traded or used cryptocurrency, compared with 16% of women in the same age range.
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Today at 06:51:28 AM
 #4

Wow, I had read about the new VP but did not know this aspect. It seems then that Trump's pro-Bitcoin turn is in earnest. In general I don't trust politicians, and if it's on the campaign trail even less but Trump would be neither the first nor will he be the last to change his stance on Bitcoin (remember Saylor, for example). He also received $2 from the Winklevoss twins. But if the VP has personally Bitcoin it seems clear that if he wins with his policies he is going to be favorable to Bitcoin and all that surrounds it. There are also several big name Republicans involved in Bitcoin and the Mining Industry, like Ted Cruz for example.
Thank you, OP for pointing out this fact about the vice president nominee JD Vance. With this choice, Donald Trump has further shown his seriousness about promoting crypto-friendly policies if elected president. Politicians cannot be trusted but at least this is a candidate who has firmly opposed anti-crypto laws in the Senate and has openly criticized SEC's policy mandating banks to report crypto as liabilities on their financial books. He is young and owns Bitcoin, I am beginning to see Trump's sincerity regarding his pro-crypto stance. It is also possible that this move is to gain financial support and attract young voters, only time will tell.

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Today at 07:34:15 AM
 #5

He is also too young and without experience while also being very radical and a warmonger who has no understanding of wars and even though he is not even in office he is doing a lot of chest pounding so to speak, a lot more than the previous warmongers in Trump cabinet like Bolton did.

In any case it is always funny to watch "kids" who think reality is like a Hollywood/Marvel movie be given high roles in a government Cheesy

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Today at 08:14:27 AM
 #6

Alright, while I initially thought that pretending to be pro-Bitcoin was a temporary political stunt by Trump, I now agree that it's a politically motivated shift but one he might actually stick to after getting elected (if he gets elected). If it's both him and VP, the USA might change its policies and become more crypto-friendly. However, I still hope that when people eligible to vote in these elections choose who to vote for, their main priority won't be crypto stance. Presidency comes with a lot more than that, and even if someone is very pro-Bitcoin, it is still important to ensure that one's views generally align with the Republicans and with Trump's vision specifically.

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Today at 09:24:22 AM
 #7

Nothing Trump would say or do that will surprise me, he knows the weakness to tap from, or should I say, what the Biden government is doing that is not acceptable to some sectional people, he is now using it to campaign against them. And surely, the idea is brilliant, but Trump will always be Trump, he is deceptive and self-serving and I only hope he will be able to do anything positive in the crypto world during his tenure as his lousiness may only be noise.

Because from the beginning to the end of his administration (if he wins again), he can't have all his ways even if he wishes to, he is not going to manipulate all the people working with him, including the SEC, many US people have their own beliefs and integrity, otherwise, they resign. Not to mention many other manifestos that must pass Congress. He is not the sole decide in everything.

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Today at 09:32:56 AM
 #8

Trump would have difficulty passing pro-crypto laws through Congress. I think Democrats have a majority in at least one part of it.

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Today at 09:41:40 AM
 #9

Trump would have difficulty passing pro-crypto laws through Congress. I think Democrats have a majority in at least one part of it.

We will never no, once the election is over, maybe they will have the majority of the Congress.

But we will see, Trump is now being called the crypto-President, so if ever he will win, we might see Bitcoin goes up, in short to long term.

Another good question though: What will voters value though? their political beliefs or Bitcoin?  Grin

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rdbase (OP)
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Today at 11:13:40 AM
 #10

Trump’s VP pick is the first ever ‘bitcoiner’ on a presidential ticket
"JD Vance owns a substantial amount of bitcoin and has pushed crypto-friendly legislation"
The news is in 2022 but it is not important when it was made publicly. I read some information on Vance yesterday after he was chosen and appointed as a partner of Trump in the President Election campaign. What I really noticed is Vance is a very young man, he was born in 1984.

-snipped-
So this is not better? The longer they have held bitcoin the better!
If they held since 2009 from the very start then that would mean they have the insight to see what the future of wealth was and believed in it longer.
So the news being from 2022 (publically regardless since everything can be seen and backtracked on the bitcoin blockchain) is making him a better choice than somebody who just jumped on the bandwagon to the rest of the holders who saw it's current influence on the masses since reaching it's all time high earlier this year.

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