Biden drops of of presidential race. good news for BTC?

[Phoenixtrader]

Now that Biden is out of the US presidential race, can BTC get to 100k please??

[Tyke]

I'm not surprised. It was only a matter of time considering his waning health.  Let's see what happens next!

[goldkingcoiner]

Good news can only be speculated. If Trump wins and carries out his political promises to the cryptocurrency-community then it will be good news. But how often do politicians actually deliver on their promises?

I remain skeptical but I believe in Bitcoin more than in any political promises. So I continue to hodl.

[legiteum]

LOL, Republicans will have nothing talk about now since "Hunter Biden" is no longer a topic  .

Now all that's left to talk about is abortion, and whether:

1. It should remain legal (vote for the Democratic candidate, e.g. Harris).

2. Or it should be illegal nationwide (vote for Trump).

Americans will decide whether they want abortion to be legal in our country in November. Everything else (say Bitcoin for instance) is not going to matter much to voters compared to that super-divisive issue...

[BABY SHOES]

For me it's a bit of a surprise... I thought Joe Biden would remain a Trump contender but he dropped out of the US race a few minutes ago.

Is it because he is too old because he is over 80 years old... People always say that Joe Biden has started to forget his memory.

Lastly, are you saying that after Joe Biden drops out bitcoin could reach $100K? It's not going to be straightforward, even if Biden wins the US election I still believe Bitcoin could go to $100K, that politics is full of promises that cannot be fulfilled.

[Phoenixtrader]

Good news can only be speculated. If Trump wins and carries out his political promises to the cryptocurrency-community then it will be good news. But how often do politicians actually deliver on their promises?

I remain skeptical but I believe in Bitcoin more than in any political promises. So I continue to hodl.

With this news trump has one foot in the white house which would mean almost good news for crypto.. you think Kamala harris stands a chance against trump?

[Cryptohygenic]

Now that Biden is out of the US presidential race, can BTC get to 100k please??

$100K on market bullish or a surge of an ATH bull run event? Because even on Speculations we are not specific what ATH we may get but the anticipation is that we are hitting a bigger price ahead of the current $73,000 ATH.
Also as speculated that when Trump gains rich political rich names, it also enriches bitcoin and now that Biden has dropped out, by anticipation based on your believe Op, it is craving for marketing increase huh?
So how about if the Democrats produces a highily potential candidate that may silent Trump, is there going to be a fate of anticipating for bitcoin increase any further?
I still a lil individual in this bitcoin space and I only know that bitcoin market price is tied on demands and supplies and not political speculations to an individual like Trump. I hope for the proof of this fact if I must be convinced!

[Darker45]

It's going to be a different fight now since Trump is no longer against Biden. Trump against Biden seemed to be an easier fight for the former. But since it wouldn't be the case anymore, it seems a Bitcoin president, as what others may label Trump, will have a harder fight, something he might not even win.

Although a Trump presidency isn't a guarantee that the US will have Bitcoin's back, that it happens seems more possible because of Trump's pro-Bitcoin statements during his campaign. He may not walk the talk in the end, but Bitcoin's chances are higher. I'm not saying, however, that Bitcoin needs the support of a president to succeed.

[legiteum]

It's going to be a different fight now since Trump is no longer against Biden. Trump against Biden seemed to be an easier fight for the former. But since it wouldn't be the case anymore, it seems a Bitcoin president, as what others may label Trump, will have a harder fight, something he might not even win.

Although a Trump presidency isn't a guarantee that the US will have Bitcoin's back, that it happens seems more possible because of Trump's pro-Bitcoin statements during his campaign. He may not walk the talk in the end, but Bitcoin's chances are higher. I'm not saying, however, that Bitcoin needs the support of a president to succeed.

Bitcoin went up 500% under president Biden.

Trump represents huge changes to the American economy, including deporting 5% of the US workforce when he takes office and starting a War On Abortion, which will be massively disruptive.

Trump represents a danger to the continued success of Bitcoin. Voting for Harris will keep things going the way they have been, which as been great for Bitcoin.

[Huppercase]

Now that Biden is out of the US presidential race, can BTC get to 100k please??

When I saw some news going around that Barrack Obama advice Biden to step down for the party so another credible person can take over, the X handler of Biden was quick rush to tweets things like he is still the President of United state, he is still the flag bearer of the Party and while saying all this, you are on sick bed begging for survival, this is funny and pitiful at the same time but I hope he recover and finished his tenure and go sit home and watch over his health and grand kids.

Now that Biden is out of the race, who knows who is going to be the next of the party, nobody can tell but if Trump win this election, Bitcoin will stand a chance to make some moves but with the way Democrat were manipulating election in the last general election that made Trumo lose, hopefully that drama doesn't occur again but the fact that they are the one in powers makes me fear how far they can go to win this election if Biden can be force to withdraw from the race this juncture.

[Stalker22]

I think that was to be expected. Biden's ratings in the polls were falling day by day. If he had waited any longer, it would have only gotten worse. Now he gives at least some chance to another candidate.
Im not a fan of Trump, but as a non-American looking at it from afar, this decision by Biden was obvious to me.

[Silberman]

It's going to be a different fight now since Trump is no longer against Biden. Trump against Biden seemed to be an easier fight for the former. But since it wouldn't be the case anymore, it seems a Bitcoin president, as what others may label Trump, will have a harder fight, something he might not even win.

Although a Trump presidency isn't a guarantee that the US will have Bitcoin's back, that it happens seems more possible because of Trump's pro-Bitcoin statements during his campaign. He may not walk the talk in the end, but Bitcoin's chances are higher. I'm not saying, however, that Bitcoin needs the support of a president to succeed.

We will have to see who ends up being the candidate that runs against Trump, however whoever that may be, they will have great problems attacking Trump from now on, as he can always deflect whatever threat they believe he may pose by reminding people about the attack he suffered, something that he is doing already and very effectively at that, this makes me think that unless something extraordinary happens, most likely Trump will be able to get the win.

[GxSTxV]

It’s certainly a good news for Bitcoin since Trump has become a strong supporter of the cryptocurrency. He is scheduled to be a guest at the Bitcoin 2024 conference, where he promises to support and help in Bitcoin's growth. This news of Biden dripping from presidential race is just another reason to know who the next President of the United States for sure, and automatically increasing trust in Bitcoin among the public after Trump officially wins.

I expect Bitcoin's price to rise once again because of this, possibly reaching another ATH soon. Currently, the market is sluggish with movements of only a few hundred dollars a day. In fact, this news could be the beginning of a new bullish trend for the market.

However, Americans may not vote for Trump mainly because of his alleged support for Bitcoin, since he allegedly started supporting Bitcoin lately, knowing that he was against it. Probably this total change is only to gain more votes.

[legiteum]

It's probably good news for Bitcoin since Harris has a much better chance of defeating Trump, and Trump would have been very harmful to the future of Bitcoin (he promises to set criminals like SBF free--and SBF caused Bitcoin to drop by 60%, for instance).

After years of Republicans making this "personal" and going after "Hunter Biden" and making fun of Joe Biden's age, they are now going to need to discuss policy which is a death-knell for Republicans.

Now, with the "Joe Biden" personality out of the way, the US presidential race is down to a simple policy question:

--> Do you want abortion to stay legal, like it has been for the last 60 years? Vote for Harris.

--> Do you want abortion to be illegal nationwide? Vote for Trump.

This is no longer a race over "the old guys".

[mindrust]

Good news I guess. The other candidate won't change a damn and Trump will win anyway so having a crypto-friendly president in the office will be a good thing for us.

[Cantsay]

For me it's a bit of a surprise... I thought Joe Biden would remain a Trump contender but he dropped out of the US race a few minutes ago.

Is it because he is too old because he is over 80 years old... People always say that Joe Biden has started to forget his memory.

After seeing the presidential debate between Biden and Trump I instantly knew that either Trump wins the election with a massive margin network his votes and that of Biden OR Biden realize that there’s no hope for him and drop from the presidential race - and it just happened that the failed assassination on Trump life’s made him realize his position.

Lastly, are you saying that after Joe Biden drops out bitcoin could reach $100K? It's not going to be straightforward, even if Biden wins the US election I still believe Bitcoin could go to $100K, that politics is full of promises that cannot be fulfilled.

I’ve already taken my mind off bitcoin getting to $100k this year, but nothing is impossible with bitcoin, so let’s watch and see if Donald Trump victory can somehow get bitcoin to reach that price.

[alani123]

We have to consider that Gary Gensler isn't evil. He has deep knowledge of how bitcoin works. He was one of the first people to ever teach about the blockchain in a university setting.
He knows crypto. He knows markets. And he knows customer protection.

Hopefully with his knowledge there will never be another FTX/Celsius or MtGox. Honestly something had to be done with these as the image of crypto was being run amock and tarnished like never before to the masses. And that's not to say that Gensler did a lot to stop crypto ponzi schemes... But can you imagine what will happen udner Trump if he deregulates everything and fires everyone at the SEC?

We'd have to say bye bye to consumer protection as we know it. The man literally sold his own NFTs. If you like BTC you must also understand that NFTs are a scam. Trump isn't a fan of BTC, he's a fan of quick money and he's ready to ride on crypto to achieve his personal goals. So if I was American I wouldn't entrust him with my vote just because he said he's not against crypto. Gensler isn't against crypto either. He just did his best to prevent banks/ICOs etc from taking advantage of people even more through crypto.

[Nitrowinner]

let's see now what will happened with odds for Trump...

[rodskee]

Indeed very surprising but I am confused how this would affect bitcoin

Bitcoin is not affiliated with any political party even if Trump keeps on mentioning it and making it the forefront of his campaign this news only give more if not all chances to Trump to win

[legiteum]

Indeed very surprising but I am confused how this would affect bitcoin

Bitcoin is not affiliated with any political party even if Trump keeps on mentioning it and making it the forefront of his campaign this news only give more if not all chances to Trump to win

This news will decrease the chances of Trump winning since the replacement for Biden is a much stronger candidate.