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

[Cryptoprincess101]

Trump is a politician, and anyone who is listening to his speech and promises about what he will do for bitcoin should have it in mind that politicians primarily objective is for their own personal gain before that of the public will comes in, and aside from him being anti-Bitcoin in the past, what he is fighting for is to retake a public office and not his private organisation, where he will be the sole decision maker.

This is actually what I was thinking because even if Trump has now suddenly become a Bitcoin friendly politician now that he wants to be elected again as the United States President, but we all should be aware that the United States of America is not a one man country where the Presidency will just take decisions without the Parliaments and other arms of government and of which America knows that Bitcoin will make the United States dollars unpopular if it was to be adopted as a strategic reserved asset so I not saying that all what Trump is promising about a Bitcoin friendly environment when he wins the election is a propaganda but we should not be enticed by those promises since it requires a lot of government institutions to carry out any decisions in the United States of America.

[legiteum]

People should remember that Trump is not saying he is pro-Bitcoin because of any number of voters, but rather because of a few dozen donors who have given him millions of dollars.

All Trump is demonstrating is that Bitcoin is becoming like the oil industry and other unpopular industries that think (wrongly, I believe) that they need to pay off politicians in order to prosper.

If I paid Trump enough he would promise to make Bitcoin illegal in the USA and make Haypenny the only legal currency platform here besides the US dollar.

[cryptosize]

If I paid Trump enough he would promise to make Bitcoin illegal in the USA and make Haypenny the only legal currency platform here besides the US dollar.

Your delusion is off the charts...

[philipma1957]

People should remember that Trump is not saying he is pro-Bitcoin because of any number of voters, but rather because of a few dozen donors who have given him millions of dollars.

All Trump is demonstrating is that Bitcoin is becoming like the oil industry and other unpopular industries that think (wrongly, I believe) that they need to pay off politicians in order to prosper.

If I paid Trump enough he would promise to make Bitcoin illegal in the USA and make Haypenny the only legal currency platform here besides the US dollar.

Yeah you could buy him.  But he would likely fuck you over just like he does to most everyone he deals with.

[Churchillvv]

In every democracy one thing is common "Promise and fail to fulfil", for sure only some ignorant people would believe whatever comes out a politicians campaign management mouth because its not the same approach they used in getting to position that they use when they are there. Trump is not different from any other politician we know what his capable of doing, if he truly loves or appreciates bitcoin genuine we will know which I haven't seen any sign towards that.

My biggest surprise is the way bitcoiners see him as potential positive influence towards bitcoin but I know true bitcoiners wouldn't agree with any thing anyone says about bitcoin until they do something really positive.

I'm really pissed with all the trump shit going on but I know it will all be over soon just few months coming.

[Maslate]

IMHO, there is still no clear proof that Trump has helped bitcoin already. Well, aside from the hype that comes supporting him bitcoin all of a sudden, but we all know hype never lasts. In fact, it's actually Trump who is now benefiting a lot from bitcoin. Either his interest towards bitcoin is genuine or not, but it's obvious that seeing Trump putting some good words for bitcoin, he is already drawing closer to the bitcoin community and all its like, which makes him drawing near to his success with the upcoming election.

[nelson4lov]

Aside from making big promises, Trump hasn't helped bitcoin (yet). Frankly, I don't think anyone truly knows if he's team Bitcoin or if he's just pretending, long enough to win the election and be done with it. I think Trump discovered early that Bitcoiners might come in very handy for his election campaign fundraising just like the way SBF lobbied politicians during the last elections and splurge most of FTX user funds in the process. I'm just going to wait and see what to Bitcoin happens if Trump does win until then, I won't be paying much attention to his promises or headlines.

On CT, trump is loved but in American Twitter very hated.  Not sure why.

[legiteum]

People should remember that Trump is not saying he is pro-Bitcoin because of any number of voters, but rather because of a few dozen donors who have given him millions of dollars.

All Trump is demonstrating is that Bitcoin is becoming like the oil industry and other unpopular industries that think (wrongly, I believe) that they need to pay off politicians in order to prosper.

If I paid Trump enough he would promise to make Bitcoin illegal in the USA and make Haypenny the only legal currency platform here besides the US dollar.

Yeah you could buy him.  But he would likely fuck you over just like he does to most everyone he deals with.

Yep. But he would say he'd do it on the campaign trail! Woo hoo!

[reagansimms]

IMHO, there is still no clear proof that Trump has helped bitcoin already. Well, aside from the hype that comes supporting him bitcoin all of a sudden, but we all know hype never lasts. In fact, it's actually Trump who is now benefiting a lot from bitcoin. Either his interest towards bitcoin is genuine or not, but it's obvious that seeing Trump putting some good words for bitcoin, he is already drawing closer to the bitcoin community and all its like, which makes him drawing near to his success with the upcoming election.

As legiteum said above, "Trump is not saying he is pro-Bitcoin" he is just selling Bitcoin in his campaign to attract more supporters. If he really has helped Bitcoin, in what ways has he helped it? What is said in his speech is just empty words or promises that cannot be kept because politicians will do anything to achieve their desired goals.
Currently, Bitcoin is a promising investment medium compared to other types of investment, its users are also increasingly widespread, including in America, his statement will lead to the opinion that he is pro Bitcoin. As long as there is no written agreement between Trump and the Bitcoin community in America, Nothing that comes out of a politician's mouth is certain.

[Sayeds56]

In every democracy one thing is common "Promise and fail to fulfil", for sure only some ignorant people would believe whatever comes out a politicians campaign management mouth because its not the same approach they used in getting to position that they use when they are there. Trump is not different from any other politician we know what his capable of doing, if he truly loves or appreciates bitcoin genuine we will know which I haven't seen any sign towards that.

My biggest surprise is the way bitcoiners see him as potential positive influence towards bitcoin but I know true bitcoiners wouldn't agree with any thing anyone says about bitcoin until they do something really positive.

I'm really pissed with all the trump shit going on but I know it will all be over soon just few months coming.

I agree with your opinion about politicians and it is understandable to be disappointed as Politicians all over the world sell dreams during their election campaigns and these dreams often go unrealized. Bitcoiners who are placing hope in Trump might be viewing his administration's positive stance on Bitcoin and favourable policies regarding regulations of crypto industry. however, as you said, we need to see some concrete steps rather than statements and promises.

[barisbilgili]

In every democracy one thing is common "Promise and fail to fulfil", for sure only some ignorant people would believe whatever comes out a politicians campaign management mouth because its not the same approach they used in getting to position that they use when they are there. Trump is not different from any other politician we know what his capable of doing, if he truly loves or appreciates bitcoin genuine we will know which I haven't seen any sign towards that.

My biggest surprise is the way bitcoiners see him as potential positive influence towards bitcoin but I know true bitcoiners wouldn't agree with any thing anyone says about bitcoin until they do something really positive.

I'm really pissed with all the trump shit going on but I know it will all be over soon just few months coming.

I agree with your opinion about politicians and it is understandable to be disappointed as Politicians all over the world sell dreams during their election campaigns and these dreams often go unrealized. Bitcoiners who are placing hope in Trump might be viewing his administration's positive stance on Bitcoin and favourable policies regarding regulations of crypto industry. however, as you said, we need to see some concrete steps rather than statements and promises.

Trump is someone with a personality that views Bitcoin positively and even though he did not realize his promises, I think Trump's influence will still be there on Bitcoin when he wins the election later. We have seen some influential people in the world with just their words can have a big impact, so it is now with Trump, I think what he says will be quite influential.

[legiteum]

Trump is someone with a personality that views Bitcoin positively and even though he did not realize his promises, I think Trump's influence will still be there on Bitcoin when he wins the election later. We have seen some influential people in the world with just their words can have a big impact, so it is now with Trump, I think what he says will be quite influential.

But influential... how? Trump has the ability to hurt Bitcoin much more than he has the ability to help it. Half of the USA absolutely hates him, and will not buy or support anything associated with Trump. Politicians on the other side may well not be caught dead supporting Bitcoin because Trump supports it.

[NotATether]

If we are going to be cynical:

Bitcoin was way over $60K before Trump spoke at the Bitcoin 2024 conference. Now the price has crashed to around $56K.

So no, I think he harmed Bitcoin instead.

Just kidding.

I think both of these political candidates are quite irrelevant to Bitcoin. It's whatever the FBI and the SEC are doing that's going to be making waves in the markets, not whoever is president of the USA.

[Sayeds56]

Trump is someone with a personality that views Bitcoin positively and even though he did not realize his promises, I think Trump's influence will still be there on Bitcoin when he wins the election later. We have seen some influential people in the world with just their words can have a big impact, so it is now with Trump, I think what he says will be quite influential.

Indeed, Trump has shown his support by attending a Bitcoin conference and appears to be serious in promoting Bitcoin utility if he is elected as president of USA which is promising for long term growth of Bitcoin. However, I believe that Bitcoin has alread secured its space in US financial system when its ETF was approved back in 2023. What we need now to enhance its wide-spread usage as method payment for goods and services.

[Fivestar4everMVP]

Trump is someone with a personality that views Bitcoin positively and even though he did not realize his promises, I think Trump's influence will still be there on Bitcoin when he wins the election later. We have seen some influential people in the world with just their words can have a big impact, so it is now with Trump, I think what he says will be quite influential.

Indeed, Trump has shown his support by attending a Bitcoin conference and appears to be serious in promoting Bitcoin utility if he is elected as president of USA which is promising for long term growth of Bitcoin. However, I believe that Bitcoin has alread secured its space in US financial system when its ETF was approved back in 2023. What we need now to enhance its wide-spread usage as method payment for goods and services.

If Trump attended a bitcoin conference, that really is a great move and one that is highly commendable, someone like myself have learnt not to trust politicians, due to their lies and deceit, but I am guessing that it's possible that Trump has fallen in love with Bitcoin really, and if this be true, then it's a really bullish signals for the future price of bitcoin because, if Trump eventually wins the election to become the next president of the US, there is the possibility that he may work hard to make sure bitcoin is made a legal tender in the US, and ones this happens, rest assured that all other countries in the world will have no choice but to make bitcoin a legal tender too, and this is when real adoption and utility will come.

[ABCbits]

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.

I get your point, but i also just giving my own opinion while reminding other people to consider other factor. And it's not that hard to find someone who prefer Biden or Harris on cryptocurrency discussion got criticized.

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.

Bitcoin (the cryptocurrency) and Bitcoin community are 2 different thing though. And this forum is just smaller part of Bitcoin community as a whole.

[mvdheuvel1983]

Trump is someone with a personality that views Bitcoin positively and even though he did not realize his promises, I think Trump's influence will still be there on Bitcoin when he wins the election later. We have seen some influential people in the world with just their words can have a big impact, so it is now with Trump, I think what he says will be quite influential.

Indeed, Trump has shown his support by attending a Bitcoin conference and appears to be serious in promoting Bitcoin utility if he is elected as president of USA which is promising for long term growth of Bitcoin. However, I believe that Bitcoin has alread secured its space in US financial system when its ETF was approved back in 2023. What we need now to enhance its wide-spread usage as method payment for goods and services.

If Trump attended a bitcoin conference, that really is a great move and one that is highly commendable, someone like myself have learnt not to trust politicians, due to their lies and deceit, but I am guessing that it's possible that Trump has fallen in love with Bitcoin really, and if this be true, then it's a really bullish signals for the future price of bitcoin because, if Trump eventually wins the election to become the next president of the US, there is the possibility that he may work hard to make sure bitcoin is made a legal tender in the US, and ones this happens, rest assured that all other countries in the world will have no choice but to make bitcoin a legal tender too, and this is when real adoption and utility will come.

There is a record and the media also carried the publication of his attendance and speech at the conference but that been said, his promises for now only created more awareness to the already existing one and most people are only seeing his speech in support of Bitcoin lately as his political strategies to gain the support that he is looking for in the into the White House but no one knows his true intentions if he is elected as the next president of America.

The possibility of Trump winning the election is high right now not because of his recent political comments regarding his adoption of Bitcoin in his country if elected but because most people see him as the most qualified candidate among the contestant, Trump will still need the support of the people in the state house for his plans of adoption of Bitcoin in the country to be possible so I think it will take time if he is elected for Bitcoin to be accepted in America regardless of his position as the president if he gets in.

[Ca4gil]

For starters, I am a Bitcoin enthusiast with so much adoption in HODLing, Payments and Trading and it has been a blessing to me. Despite that, what I do differently from most Bitcoiners is that I don't deceive myself, I will never be a bigot but face the reality of the situation. Thanks to my grassroots experience in the financial market, unlike those who only started during this crypto-era, the experience is so lacking and popular people can easily trick them. This is partly why Trump could deceive people this much, what a folly! To what end?

Trump will do nothing in the crypto world if he succeeds in becoming the US president, he is only using Bitcoin and others to ascend to the throne. Someone who had condemned Bitcoin many times in the past but suddenly started painting himself as its messiah, don't you think this has some undertone? Why are people so gullible? Many bullish speculations are flying all over the internet to his credit, but talk is cheap and the market is not foolish, we can see the true reflection already.

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.

I want to be honest, the first time I heard Trump's news about cryptocurrencies, the first thing I thought was manipulation. A simple manipulation to cover all segments of the population and win the election.

[Sayeds56]

Bitcoin (the cryptocurrency) and Bitcoin community are 2 different thing though. And this forum is just smaller part of Bitcoin community as a whole.

Absolutely right, I believe Bitcoin community in the USA matters most, because the country is leading economy and financial hub of the world. Any positive development in the US is watched world-wide with great interest, specially in the western countries, in short USA is trend setter for rest of the world, and  Bitcoin adoption in the USA sends strong signal to the global community about its legitimacy, which builds confidence of investors to allocate funds into Bitcoin protocols.

[dezoel]

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 most American thing in the world is the Americans thinking that the whole world cares about their presidential candidates that we invest into crypto depending on what their candidates say or do. Or even more American thing would be them thinking that what happens there impacts the market like crazy.

The actual truth is that even though they may try to crash it, like how Germany did, and USA could with all the coins they seized, the price will not stay like that for a long time. Up or down, it will end up changing eventually so they can only change it for a very short period of time. I believe that we need to see this as clear as it gets, nothing will be too different and we are going to end up with this as the reality.

I think the best way would be just making sure that we deal with whatever we are given at the moment we are given and then it is going to pass. I think the best thing would be just focusing on how to get greater results, will be simpler that way. We might be down now, but we will recover, and Trump had nothing to do with our increase nor our drop, and he will not have anything to do with our recovery as well. America in general has nothing to do with it.