Is The election worth the hype for BTC

[FirmWars]

Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

I see so many people believing that the election is everything for Bitcoin from here and out.

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?

[Charles-Tim]

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

I am very sure that if bitcoin drop to $30000 after the election, it is not caused by the election. Also know that bitcoin price may fall but bitcoin is not going to $30000 yet. If Trump do not win the election, bitcoin will still remain an asset of value and speciation. Bitcoin is more than US election.

[ImThour]

I personally think it does matter. Overall, most of the retail is waiting for the election result and if it comes in favor of Donald Trump, BTC price will rise up quickly.
This is a pure speculation as of now however if this happens, you will see it happening right in front of you. Donald Trump winning as a US president is some how bullish for Crypto.

As he have advertised himself as a savior of Crypto.

[Reatim]

Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

I see so many people believing that the election is everything for Bitcoin from here and out.

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

This numbers are ridiculous and it’s obvious which candidate these people are pushing to win.

First of all, it’s possible that bitcoin will definitely be affected by the outcome of the election. Be it for the better or worse, I don’t know but one thing’s for sure: it will not rise or fall this much just from the election. We have not yet surpassed 70k and it would be unrealistic to say that because of US politics particularly the election of Trump will boost bitcoin to that level.

I know bitcoin will reach 90k soon but I hardly think Trump will cause it.

[shield132]

Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

I see so many people believing that the election is everything for Bitcoin from here and out.

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?

Of course, this election is very important for the Bitcoin community. The election is in the United States, in a country that is a global superpower, in a country that owns the global currency and decides the fate of the world for better or for worse.
Btw if Kamala wins, Bitcoin won't fall down to 30K unless Kamala decides to ban it, which I 100% exclude because Bitcoin ETFs got accepted and the aim of the USA is to adopt Bitcoin, that's 100% guaranteed. If Kamala wins, the price will remain the same and will follow the old path, it will start a bull run this winter but on the other hand, if Trump wins, this will only give Bitcoin some boost but it won't be a game-changer to my mind.
In the end, the price will rise because we had halving this year and the expectation in society is that Bitcoin should rise. At the moment, miners also mine on loss, this can't continue, can it? The price will rise anyway.

[Z390]

Bitcoin is more than the US election, and this isn't the first election since Bitcoin was launched, the proof is in the past charts, this won't stop Bitcoin from growing but there is a catch, and that is an extended rally, if Kamala get elected Bitcoin will slow down, due to fear and panic, peoples mind is a big part of what's keeping Bitcoin alive.

By the way Kamala won the debate, it looks like the Democrat will win this time around, not because she won the debate though but for other reasons, I guess the table is finally turning against Trump right now.

Here is my own prediction, if Kamala wins it is likely that the 73k price range will be the top of this cycle, case closed, and of Trump wins there will be another pump, but whatever happens won't affect Bitcoin for long term, Bitcoin is fine with or without these two.

[ultrloa]

Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

I see so many people believing that the election is everything for Bitcoin from here and out.

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?

Don't rely to much on politics since it cannot do anything with the price of bitcoin. Those politician cannot do anything and many times bitcoin prove that.

People dictate the price since it will all base on the demand so if they just forget about the issues created by those politician they will never get affected with any unnecessary issue which has been used by other people to manipulate the mind of investor.

But we cannot really see the actual figures will came if we gonna see bitcoin to drop at $30k or $90k and that is another what if that we need to look after the US election done. For sure nothing will happen since imagine bitcoin already survive even if Biden hate bitcoin and crypto so much.

[Accardo]

There are few unclear human behaviors that need to be studied;

1. How they hate elected leaders
2. The change of mind during election

Do we not know that these people have one interest, which is getting anybody in anyway possible to their side to vote during election. What ever is seen during election are mere promises, wait for the action once they're elected. I'm laughing over the fact that bitcoiners also are a huge part of this year's politics because bitcoin was mentioned by Trump during his campaign.

[examplens]

Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

I see so many people believing that the election is everything for Bitcoin from here and out.

Too much attention has already been paid to the election through Bitcoin. The only benefit from the whole hype is the politicians, because their "popularity" grows, so, for example, I, who is not interested in elections at all, read daily about the presidential candidates and what they said.

Likewise, traders and speculators use the whole thing to make extra profit. When the elections are over, some other thing will come up that will open up speculation, about where Bitcoin will be after that.
I have been listening to such stories for 12+ years.

[Ambatman]

The effect is temporary.
Even if kamala wins, Bitcoin would still survive it
Trump wins? Great, a relatively friendlier administration towards Bitcoin.
Bitcoin survival is not tied to the US election instead like everything that exists in an environment
It is affected by political changes or factor
But said change wouldn't have a lasting effect on Bitcoin.

FUD or FOMO is one of the things I know would be rampant the day or days after the election.
Just try not to be blinded by short term tantrums.

[kro55]

Bitcoin is more than the US election, and this isn't the first election since Bitcoin was launched, the proof is in the past charts, this won't stop Bitcoin from growing but there is a catch, and that is an extended rally, if Kamala get elected Bitcoin will slow down, due to fear and panic, peoples mind is a big part of what's keeping Bitcoin alive.

By the way Kamala won the debate, it looks like the Democrat will win this time around, not because she won the debate though but for other reasons, I guess the table is finally turning against Trump right now.

Here is my own prediction, if Kamala wins it is likely that the 73k price range will be the top of this cycle, case closed, and of Trump wins there will be another pump, but whatever happens won't affect Bitcoin for long term, Bitcoin is fine with or without these two.

You should note that politicians and government policies in the past did not seem to care about bitcoin and that is why many people believe that bitcoin has grown without any government support or help. But things have changed a lot, bitcoin is getting a lot of attention from the world and government intervention is inevitable. I don't believe bitcoin can continue to grow and become more popular if we have a government that opposes bitcoin or worse, bans it. So the outcome of this election will have short-term and long-term impacts on bitcoin. So we need to make the right choices if we don't want the growth of bitcoin to be hindered.

The election outcome depends entirely on the electoral vote, while current polls are based on the popular vote, so don't jump to conclusions before the election takes place. We still have more than 60 days before the election and things can change, don't rush to judgment just because of today's debate.

[Z-tight]

Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

The election does not affect BTC in itself, what people are looking at is the influence of the election on the price of BTC. A certain candidate has made so many of them believe that he will make policies that would augur well for BTC and so cause the price to rise.

I believe both candidates only have one ambition and goal, and that is to become POTUS, they might be playing a bit of politics with BTC, trying to get the crypto community on their side, especially with Trump; i don't really care about that, but maybe we should stop arguing about the elections and wait, it is almost here and soon we'll know what's going to happen.

[DeathAngel]

It’s not everything but short term it definitely could have an impact on the price. I despise a leftist, socialist government, they tax you to within an inch of your life & give it to the work shy. Immigration is rife, it infuriates me. Make no mistake, Bitcoin will perform better under a capitalist, conservative government.

[Spaceman1000$]

Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

I see so many people believing that the election is everything for Bitcoin from here and out.

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?

Of course Bitcoin has survived this far before this people. I think the whole issue started when Donald trump was mentioning policies he would introduce for the betterment of the Bitcoin and crypto community, so that triggered the much support on Donald Trump for most investor and crypto enthusiast which makes Trump looks like a better option, so that's why you see 30k for Kamala Harris and 90k BTC price for Donald Trump, believing that if Trump wins, it will skyrocket the price of BTC to 90k.
However the sustainability of Bitcoin and the growth so far bitcoin will attain doesn't lie on this election, the 90k projection by some persons is just a make believe that if their own is in authority, that should be the price, forgetting that the price of Bitcoin can even go beyond 90k with or without the election as market force's can trigger a bull run.

[Helena Yu]

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?

Wrong, Bitcoin was invented in 2008 which is 16 years old while Kamala Harris born in 1964 and Trump born in 1946, both of them are older than Bitcoin.

There's nothing like if x person wins Bitcoin price will move to x price.

Take a look on this graph.



Trump won election in 2016, it doesn't make Bitcoin price pump, one year later Bitcoin make new ATH.
Biden won election in 2020, it doesn't make Bitcoin price pump, one year later Bitcoin make new ATH.

So, regardless which one wins the election, it doesn't affect Bitcoin to create new ATH in the next year!

[OcTradism]

I see so many people believing that the election is everything for Bitcoin from here and out.

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

Assume that Kamala Harris can actually make negative impact on Bitcoin, her impacts on it would be very smaller than impacts of Covid-19. So positively thinking, even in a bad situation, Bitcoin will not have 40% - 50% drop because of Kamala Harris Elected President.

If Trump wins, with an assumption that his impact on Bitcoin is positively, it won't help Bitcoin to rise with similar ROI like it did from $5,000 to above $60,000 in the last market cycle. Because Bitcoin has bigger market cap in 2024 than in 2020 and having a similar ROI is impossible for this bull run in rest of 2024 and 2025 years.

Political changes in a big country like the USA. have impacts on the rest of world but my vision is wider than only this year or next four years, I am holding my bitcoin for next 10 to 15 years and see how it goes as well as how my portfolio goes.

[Pandorak]

[...] But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?

You're right, bitcoin existed even before many people knew about Kamala Harris & Donald Trump, so why does it seem like the upcoming election could affect the price of bitcoin?

In fact, bitcoin is the same as commodities that are generally traded such as oil & gold, there is a push and pull of market capitalization there, and because bitcoin is currently a commodity, social & cultural factors can influence their stance.

Trump is considered more pro towards bitcoin after what he said at the bitcoin conference in Nashville. Meanwhile, Kamala Harris is considered not pro-bitcoin because she comes from Democrat who does not have special attention to bitcoin. That's why the output of the election could affect bitcoin.

[avp2306]

Should we be putting so much weight on the US election in order for Bitcoin to grow or it is just a dumb retail talk?

I see so many people believing that the election is everything for Bitcoin from here and out.

If kamala wins it is 30k for BTc and if Trump wins its 90k for BTC. ..

But Bitcoin was here before these people and it survived this far, what could possibly go wrong anyways if this or that happen?

Maybe best to include this article https://www.coindesk.com/markets/2024/09/09/bitcoin-could-hit-90k-by-year-end-if-trump-becomes-president-again-bernstein/ So people could see on where this prediction of yours came from.

Since if it really happens that Bitcoin would pump under Trumps term then we maybe can see another good adaption to happen with bitcoin if that scenario will came, but as again this is just a speculation so we don't know if this will really happen since aside for predicting it there's lot of factors or scenarios which needed to look after. But its good that they are positive towards the effect of Trump if he win this election.

Although there are many questionable things that might happen if Kamala win and I guess she will just follow what Biden did since their party is really against of bitcoin and maybe by that time bitcoin would truly drop thru regulation they possibly create against bitcoin.

[KiaKia]

I think interest rate cut is more bullish than the US election, after every rate cuts the market becomes bearish for a while but in time the market become bullish.

If Kamala Harris wins this still won't stop Bitcoin from going higher, think about it, this isn't the first election in the US, and we have been hearing similar stories for years, Kamala could win and Bitcoin will still do better, will Joe Biden was elected Bitcoin makes a new all time high.

This is enough prove that Election effect on Bitcoin price action is low, in the end what drives Bitcoin is the chart itself, retailers will be back but not if the sign of recession fades into the dark.

[bananahunter67]

What is the logic.... why the elections would influence it? One is politics others is finance.