Has Trump helped Bitcoin already? Let's be reasonable!

[Smack That Ace]

No one helped Bitcoin.

People said Elon Musk's tweet make Bitcoin price increase, Tesla stop accepting Bitcoin make Bitcoin price dump, Trump talking about Bitcoin make Bitcoin price increase, Warren Buffet saying Bitcoin is a bubble make Bitcoin price dump etc.

They're have no correlation with Bitcoin, the only reason why Bitcoin price increase or decrease is from supply and demand.

As long as they didn't spend a lot money to buy Bitcoin or selling their coins, they have zero impact.

Are you not connecting supply and demand with fundamental news? Whether it has no correlation at all, it seems that it has become a belief and has a great correlation. We have agreed and the news has become an issue called Fundamental. Because this belief has been agreed upon and the market is often affected by that fundamental. Because investors will also connect in any condition. It has been proven, you can relate the history of bitcoin's movement and the issue of fundamental issues that occur.

Those people do not help bitcoin but there is no denying that they can impact bitcoin in many different ways. Bitcoin is affected by their statements and actions, we need to accept that fact. Bitcoin is decentralized but that does not mean it is immune to all types of news or influence from influential organizations and individuals in the world because it is also a part of the world economy.

Bitcoin supply and demand are determined by humans. Meanwhile, people are influenced and manipulated by that news, so it can be said that fundamental news has an impact on the development of bitcoin.
We always want bitcoin to not be influenced or manipulated by anyone, but the truth is that it is impossible because no one can exist independently of this world, including bitcoin.

[Lucius]

~snip~
Satoshi ran of with 1 mill BTC. Now wonder he is in the shadows.

Are you one of those who think that he will spend them one day? I wonder why he has been waiting for it for 15 years

Well, trump just predicted that Iran will attack Iran today.

His statement makes as much sense as what you wrote, completely meaningless....

Even if Iran does not attack, this statement from Trump will act as a reason for another dump for bitcoin and other markets.
Does he really knows if Iran will attack tonight and if that doesn't happen, what is the purpose of creating this panic?

Iran has announced that it will take revenge for the attack that happened a few days ago, so you don't have to be too smart to write something like that. Trump just wants to appear smart and be in the center of attention, and the "war" between Israel and Iran has been going on for decades - the only problem is that they are about 1000 km away from each other, so it is a completely different kind of war than the one that is happening in Ukraine.

[kryptqnick]

I agree with the op that Trump is using Bitcoin to get elected, but we can't know what he will or won't do once he gets there. While he may personally still be sceptical about cryptos, he is a politician, and a very pragmatic one at that. So I think that if pushing crypto policies forward is going to be beneficial for him, he will go for it. If not, he will drop it and pretend there's nothing he can do because it is not within the President's functions to regulate financial matters in a democratic country. So he can always play the powerless card if he needs to, but perhaps pushing for cryptos will be in his best interest. I personally hope we'll never find out because he won't get elected, but we'll see.

[ABCbits]

~snip~
Satoshi ran of with 1 mill BTC. Now wonder he is in the shadows.

Are you one of those who think that he will spend them one day? I wonder why he has been waiting for it for 15 years

It's also worth to mention that ~1 million BTC is enough to make Satoshi enter top individual rich list[1].

I agree with the op that Trump is using Bitcoin to get elected, but we can't know what he will or won't do once he gets there. While he may personally still be sceptical about cryptos, he is a politician, and a very pragmatic one at that. So I think that if pushing crypto policies forward is going to be beneficial for him, he will go for it. If not, he will drop it and pretend there's nothing he can do because it is not within the President's functions to regulate financial matters in a democratic country. So he can always play the powerless card if he needs to, but perhaps pushing for cryptos will be in his best interest. I personally hope we'll never find out because he won't get elected, but we'll see.

If he win and use such excuse, that would be very ironic when his Project 2025 aims to give US president more authority.

[1] https://news.bitcoin.com/satoshi-nakamotos-growing-fortune-nears-entry-into-worlds-top-25-richest-individuals/

[legendbtc]

Trump has recognized that Bitcoin and crypto can bring him votes and he is taking full advantage of the hype he has created. I don't see it any different from when politicians promise tax reliefs, better education, higher employment rates, etc. It's empty promises in an attempt to get elected. He has also promised to end the current wars but he doesn't believe in it himself. War and the production and export of weapons is sadly what the US has become, and no president is going to change that. Everything else is just an illusion. 

You are right, and besides that he promises a lot more, but I think everyone understands what his promises are worth. The election race is a kind of game, when presidential candidates compete who will better promise voters about a better life, and it does not matter much that they will not do what they say, because the most important thing is to win the election. Bitcoin for Trump is just one of the points on his list of what he must talk about in the election campaign, so do not have big illusions that Trump after winning can do something for Bitcoin, as well as stop wars or many other problems, that are too difficult to solve.

This is the 47th election in the United States and everyone understands the true nature of politicians, but why are people still mobilizing each other and willing to vote for the selected candidates? As @Taskford said, between choosing a bad person and a less bad person, who should we choose?

It is true that we have no guarantee or certainty that if Trump is elected he will keep his promise. But we already know for sure that the Biden administration is not friendly to the crypto industry, and it is likely that Kalama will continue to maintain that attitude towards crypto if she is elected. This means Trump is less bad for us in this case, and as a bitcoin investor, I don't think there's any reason to support someone who hates us.

[avikz]

Since the time I am seeing Donald Trump is supporting the Bitcoin users, I am asking everyone not to become cheerful about it. Donald Trump is a politician. In a real world, you can trust a snake but you should not trust a politician. So be very cautious before taking Trump's words for it.

There is a very high chance that Trump will not do anything at all for the Bitcoin users in US after getting elected as a president. So think before your next actions around cryptocurrency. The laws are pretty much same and has not changed yet.

[BlackBoss_]

This is the 47th election in the United States and everyone understands the true nature of politicians, but why are people still mobilizing each other and willing to vote for the selected candidates? As @Taskford said, between choosing a bad person and a less bad person, who should we choose?

There are choices to vote but this is true that the election is choosing the best politician among some nominated politicians for the election in November. Many people disagree with these politicians and they can decide to stay at home, skip the election and watch it, give up their election rights. In another way, they can vote for a best politician in this election year and accept that their choice is good or bad, but at least they are ready to use their voting rights and make own decision.

It is true that we have no guarantee or certainty that if Trump is elected he will keep his promise. But we already know for sure that the Biden administration is not friendly to the crypto industry, and it is likely that Kalama will continue to maintain that attitude towards crypto if she is elected. This means Trump is less bad for us in this case, and as a bitcoin investor, I don't think there's any reason to support someone who hates us.

If Kamala becomes the Elected President, she will continue similar administration on cryptocurrency market like Biden, no doubt about what she will do with this market. If Trump becomes the elected President, he will be more likely bring better regulations, more friendly, than Biden administration and Kamala administration.

[reagansimms]

Politicians' talk is full of drama, they do things only for personal interests. Trump chose Bitcoin as the main topic in his campaign because currently the Bitcoin community is getting wider, he will sell anything in his campaign to get more sympathizers to support him. His campaign promises could not be held firmly, everything that came out of his mouth was merely sweeteners to make it easier for him to reach the highest throne in the USA government.

So far Trump has not done anything for Bitcoin, without his support Bitcoin has grown rapidly. Trump position in the Bitcoin industry is still very low compared to Nayib Bukele, these two politicians have very different views in helping Bitcoin adoption, Nayib Bukele immediately acted and has enjoyed huge results from Bitcoin while Trump is currently bringing Bitcoin to the political stage to gain sympathy from the Bitcoin community.

[legiteum]

If Trump loses, then the Republican party will turn its back on Bitcoin because they will associated it with failure.

And Democrats will associate Bitcoin with Trump and right-winger stuff. This will be a disaster for Bitcoin.

The Bitcoin community getting in bed with Trump is incredible short-sighted.

[Fiatless]

I like us to see beyond the deception of those who want to use Bitcoin's popularity for their gains and still later abandon it. The future of Bitcoin only lies in the hands of the true adopters, not fake ones. Don't you guys think the true adopters of Bitcoin will lead by example? How many estates, hotels and businesses of Trump are now accepting Bitcoin for payments? Or how many of his liquid assets has he converted to Bitcoin? Talk is cheap, a true Bitcoiner will surely lead by example.

How many of his businesses accept Bitcoin is a good question. Or how much of the coin has he bought and held since he started showing so much interest? We all know it is a political strategy because I have not seen any president who has shown genuine love for Bitcoin except Nayib Bukele of El Salvador. The government will always want centralization, which is against the goal of Bitcoin. Even if Trump has good intentions for Bitcoin, it will be to raise revenue through tax and push the coin towards centralization.

If Trump loses, then the Republican party will turn its back on Bitcoin because they will associated it with failure.

And Democrats will associate Bitcoin with Trump and right-winger stuff. This will be a disaster for Bitcoin.

The Bitcoin community getting in bed with Trump is incredible short-sighted.

Bitcoin has nothing to do with US politics. It is just a currency that politicians are using for campaigns. Associating Bitcoin with either the Republicans or Democrats is a big blunder. Bitcoin is just one of the areas that Trump is using for Campaign, there are many other sectors. If Trump fails, nobody will blame Bitcoin because he already has many skeletons in his wardrobe. How will Democrats see Bitcoin as a right-wing currency? Bitcoin is a universal currency and has no respect for political ideologies.

[peter0425]

Bitcoin has nothing to do with US politics. It is just a currency that politicians are using for campaigns. Associating Bitcoin with either the Republicans or Democrats is a big blunder.

Lol bitcoin being labeled as anti-government just to be associated with an american political party would be quite ironic and hilarious. People can't really be bothered to learn about the real definition and concept of bitcoin and instead chooses to associate it with just one ideology

Bitcoin is not anti-bitcoin. It is also not part of the government at all. It is an entirely separate entity from the government and centralized authorities.

[BALIK]

If Trump loses, then the Republican party will turn its back on Bitcoin because they will associated it with failure.

And Democrats will associate Bitcoin with Trump and right-winger stuff. This will be a disaster for Bitcoin.

The Bitcoin community getting in bed with Trump is incredible short-sighted.

Bitcoin has nothing to do with US politics. It is just a currency that politicians are using for campaigns. Associating Bitcoin with either the Republicans or Democrats is a big blunder. Bitcoin is just one of the areas that Trump is using for Campaign, there are many other sectors. If Trump fails, nobody will blame Bitcoin because he already has many skeletons in his wardrobe. How will Democrats see Bitcoin as a right-wing currency? Bitcoin is a universal currency and has no respect for political ideologies.

The guy @legiteum is a supporter of the democratic party, what he said was for the sole purpose of making people stop voting for Trump and support Harris.
It's funny how he tries to link bitcoin to Trump and the republican party, and claims that the democrats will hate bitcoin if Trump loses  . He forgot that the Biden administration has also been hostile to cryptocurrencies throughout his presidency.

Personally, I would not be surprised if Harris is elected and continues her hostile policy towards cryptocurrencies, which has been the nature and policy of the Democratic Party towards the cryptocurrency bitcoin for many years now.

[arwin100]

If Trump loses, then the Republican party will turn its back on Bitcoin because they will associated it with failure.

And Democrats will associate Bitcoin with Trump and right-winger stuff. This will be a disaster for Bitcoin.

The Bitcoin community getting in bed with Trump is incredible short-sighted.

Bitcoin has nothing to do with US politics. It is just a currency that politicians are using for campaigns. Associating Bitcoin with either the Republicans or Democrats is a big blunder. Bitcoin is just one of the areas that Trump is using for Campaign, there are many other sectors. If Trump fails, nobody will blame Bitcoin because he already has many skeletons in his wardrobe. How will Democrats see Bitcoin as a right-wing currency? Bitcoin is a universal currency and has no respect for political ideologies.

The guy @legiteum is a supporter of the democratic party, what he said was for the sole purpose of making people stop voting for Trump and support Harris.
It's funny how he tries to link bitcoin to Trump and the republican party, and claims that the democrats will hate bitcoin if Trump loses  . He forgot that the Biden administration has also been hostile to cryptocurrencies throughout his presidency.

Personally, I would not be surprised if Harris is elected and continues her hostile policy towards cryptocurrencies, which has been the nature and policy of the Democratic Party towards the cryptocurrency bitcoin for many years now.

Well if his intention is to divert the attention of possible Trump voter to go with Harris then I think he will not succeed on that since many people are now rooting for change and want to see crypto will be adapted on that nation. What Biden made from the past is really the downside of Harris party that's why they are now struggling to fight Trump since they know that he got the majority of support especially to those people who use crypto.

That's what they are doing and their party is open that they are not really into crypto that's why for sure those regulation or maybe banning most likely happen if Harris will win. Trumps strength is they adapt to the social issues and give hope to people that there's more better future for voter if they elect him as their new President.

[Iranus]

If we don't vote for Trump, should we vote for the Democrats, for Harris? The one who will almost certainly continue to pursue the draconian policies toward crypto and crypto that Biden left behind?

IMO those who eligible to vote should consider other aspect besides cryptocurrency regulation as well. For example, Trump's Project 2025 also contain draconian policies on many fields.

I know cryptocurrency is not the only factor we rely on to vote for which candidate. We have issues of immigration, climate change, abortion, jobs...many things that need more attention.

But I'm just giving my opinion based on a bitcoin investor's perspective and with what's going on, it's clear that Trump is the one we should vote for over Harris even though he's not either reliable. He's more worthy of our bet than the Democrats because of what Biden is doing to us.

In addition, each person's needs and problems are different, so we will have different choices. We should respect each other's decisions because there is no guarantee that we are smarter than someone else just because we voted for one person and not another. I don't understand why some people like to condemn others just because they voted for Trump when no one complained about them voting for Biden.

[Lucius]

~snip~
Satoshi ran of with 1 mill BTC. Now wonder he is in the shadows.

Are you one of those who think that he will spend them one day? I wonder why he has been waiting for it for 15 years

It's also worth to mention that ~1 million BTC is enough to make Satoshi enter top individual rich list[1].
[1] https://news.bitcoin.com/satoshi-nakamotos-growing-fortune-nears-entry-into-worlds-top-25-richest-individuals/

It would worry me if Satoshi was someone like CW Faketoshi, Mr.Mars or someone like them - but the person behind that name has never shown the slightest intention of making any financial profit from his invention. We can be thankful that Satoshi "removed" about 1 million BTC from the market for the reason that he simply had to mine to run the whole thing.

If Trump loses, then the Republican party will turn its back on Bitcoin because they will associated it with failure.
And Democrats will associate Bitcoin with Trump and right-winger stuff. This will be a disaster for Bitcoin.
The Bitcoin community getting in bed with Trump is incredible short-sighted.

Bitcoin has survived much worse things than Democrats and Republicans, hacking of Mt.Gox, banning of trading and mining in China, pandemic and all its consequences, CW Faketoshi and all other fakes. It is completely irrelevant what will happen in the next presidential elections in the US, whoever wins, BTC will not have better treatment than it has now.

[crwth]

I believe it is what politicians do. They see that in the cryptocurrency space, there are many possible supporters. Being pro-Bitcoin would help someone be liked and hopefully get in power, but he usually forgets what he said a couple of years ago.

But I think it helped Get more adoptions from people who have yet to be exposed.

[legiteum]

Bitcoin has nothing to do with US politics. [...]

LOL, then why are half of Bitcointalk's posts in the last six months been all about the US elections and Trump??

I wish what you were saying was true, but it would appear that much of the Bitcoin community has decided that US politics is really, really important to Bitcoin and crypto generally.

Personally, I would not be surprised if Harris is elected and continues her hostile policy towards cryptocurrencies, which has been the nature and policy of the Democratic Party towards the cryptocurrency bitcoin for many years now.

Bitcoin went up 500% under president Biden. Your comments simply don't align with the facts.

[Baki202]

Those people do not help bitcoin but there is no denying that they can impact bitcoin in many different ways. Bitcoin is affected by their statements and actions, we need to accept that fact. Bitcoin is decentralized but that does not mean it is immune to all types of news or influence from influential organizations and individuals in the world because it is also a part of the world economy.

I agree with you they don't actually help bitcoin, and I noticed something they use their influence to somtimes manipulate the market to their own interest and even politicians sometimes they feel they can use bitcoin to also get the attention of people I know politicians very well. They always choose their self first, and because of their influence by making some comments, the fact is already accepted because their is nothing anyone can do about it, one of bitcoin weakness is news once their any negative news the next thing the market will be affected every were will be red.

Bitcoin supply and demand are determined by humans. Meanwhile, people are influenced and manipulated by that news, so it can be said that fundamental news has an impact on the development of bitcoin.
We always want bitcoin to not be influenced or manipulated by anyone, but the truth is that it is impossible because no one can exist independently of this world, including bitcoin.

The fact that it is decentralized does not mean people are still not behind manipulation of the market, it a two face thing it's either you make money or not, every market conditions have what people benefits from it, and not given no matter the condition of the market will also be what will determine wether you will make money, because a lot of people give up easily especially when they see the market, and they are losing money and it is taking time for the market to recover, before you know it they lose interest easily, that patience is one thing a lot of people don't longer have. Their is no way people won't Manipuri the market for sure people will do it.

[$weetne$$]

I like us to see beyond the deception of those who want to use Bitcoin's popularity for their gains and still later abandon it. The future of Bitcoin only lies in the hands of the true adopters, not fake ones. Don't you guys think the true adopters of Bitcoin will lead by example? How many estates, hotels and businesses of Trump are now accepting Bitcoin for payments? Or how many of his liquid assets has he converted to Bitcoin? Talk is cheap, a true Bitcoiner will surely lead by example.

American has not adopted Bitcoin for it to be made a publicly accepted currency in the country for former president Donald Trump to accept them in all his hostels. He is also too famous to take such bold steps because it might hurt him more than making him more profit because of his political ambitions but when he become the president and he does that, nobody can hurt him. President Trump just speaking good about Bitcoin has helped spread the news about Bitcoin to millions of his fans and world population that is following the US presidential election. To help Bitcoin is not all about adopting it in your business but also spreading the news about Bitcoin to others. It would be more better to adopt it but that will only limit the impact to people that make use of his hotels.

[GiftedMAN]

I like us to see beyond the deception of those who want to use Bitcoin's popularity for their gains and still later abandon it. The future of Bitcoin only lies in the hands of the true adopters, not fake ones. Don't you guys think the true adopters of Bitcoin will lead by example? How many estates, hotels and businesses of Trump are now accepting Bitcoin for payments? Or how many of his liquid assets has he converted to Bitcoin? Talk is cheap, a true Bitcoiner will surely lead by example.

To help Bitcoin is not all about adopting it in your business but also spreading the news about Bitcoin to others. It would be more better to adopt it but that will only limit the impact to people that make use of his hotels.

On this ground I strongly believe that the pronouncement of Bitcoin from the mouth of Trump sends a vital information to the entire world and that is one of the things that has helps bitcoin goal more global because his speech didn't matter only to the Americans but to the people listening to him all over the the world, even though Americans are yet to adopt Bitcoin right now there may be a possibility of them adopting it when Trump is elected if he is willing to do so because lovers of bitcoin over there would definitely remind him of his promises during his campaign.

Globally Bitcoin is spreading and some people are already waiting for Trump to be elected to acquire Bitcoin since he won't kick against Bitcoin lovers in his country, supporting him and since he is better among the other candidate won't be a bad idea since he is the only person that has announced Bitcoin publicly showing his support and increasing the awareness in the advertisement of Bitcoin adoption.