Is The election worth the hype for BTC

[Franctoshi]

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?

To your notice, this isn't the first United States presidential election that Bitcoin has witnessed, from the year 2009 the time of Bitcoin creation, Bitcoin has witnessed about 3-4 administration and, it didn't stop Bitcoin from growing regardless of the outcome those elections, even when Donald Trump, the Republican Party won the elections.

If the expectation of people did not come through, especially crypto enthusiasts who are hoping to see Trump win this very election, or some investors waiting on the side to take a decision after the election, it can only cause a small distress in the market but won't change the overall long-term direction for Bitcoin.

The bottom line is that the election may have little or no effect on the price of Bitcoin or the market generally if Trump didn't win.

[thecodebear]

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?

It's just dumb retail talk. Mostly its looney toon Trump supporters who want to try to somehow tie global incorruptible money to their corrupt candidate. It's honestly pathetic. If Harris wins the election, the looney toon extremist right may briefly dump their Bitcoin but then the rest of the world is going to buy it up, it'll be a short lived buying opportunity. Anyone dumb enough to sell Bitcoin because Trump loses deserves the selling low and buying back in higher that they are going to get.

Bitcoin is going to to great no matter what happens, though with Harris as president the US is going to be a stronger, safer, more free, and more prosperous country so obviously that is good for investments and we're going to see Bitcoin do well during a Harris presidency, no matter how much the crazy right wants to convince people that's not true. Regardless, Bitcoin has absolutely nothing to do with US politics, and the election has absolutely nothing to do with Bitcoin. It's so pathetic seeing people try to tie Bitcoin's outcome to this election. Anyone doing that, or calling Trump the "Bitcoin President" is extremely gullible and supports a criminal conman a lot more than they support Bitcoin.

[freedomgo]

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

No matter who wins the election, if there's any price movement, it's likely just temporary because the hype usually leads to short-term fluctuations. If Bitcoin reaches 90k, it's likely to hit 100k. However, politicians might not always be truthful, as they'll say anything to win an election. But if you're a Bitcoin enthusiast, you should vote in favor of the candicate that is pro bitcoin to help grow the ecosystem. Let’s wait for the results, but for me, it seems like Trump might win. If I believe Bitcoin will reach 90k, then I should hold now.

[Wexnident]

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?

It's politics talking lol. I don't even see why X increase/decrease would happen when either party wins. Pretty sure any talks relating Bitcoin with Politics are just either side trying to sway some number of votes for their party.

Well either way if I were to pick which one was more likely to happen, I'd go for Trump. Iirc he has promised some Bitcoin-related movements in the past election as well and has done the same this election as well. I highly doubt it would happen, it's just propaganda on their side after all but if it does, then that's a pretty nice thing. If it doesn't, well, nothing much is lost lol. Bitcoin has lasted a decade without being touched by the government, pretty sure it can last another, maybe even more without it again.

[Gallar]

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?

The presidential election that will be held in America will certainly have a slight impact on the price of bitcoin. Because so far Bitcoin has been included in this election. Because as we know, one of the American presidential candidates, Trump, is very pro-bitcoin. So with this, Bitcoin is also impacted by this presidential election. Maybe if Trump doesn't link or say anything about bitcoin, I don't think the presidential election in America will have much impact on the price of bitcoin. However, for now what is clear is that Bitcoin will definitely be impacted by the results of this presidential election. But I'm not too worried about this, because I believe the impact of this presidential election on Bitcoin will not be too significant. Because bitcoin is not a small asset. So it clearly takes more than just a presidential election in America to move market prices significantly. Since Bitcoin has a very large community in this world, it would definitely be quite difficult to manipulate everyone in it just by this (presidential election). Because since Bitcoin was created until now, the Bitcoin cycle has always been stable and not disturbed by anything. So if, for example, Kamala wins this presidential election, I don't think bitcoin will fall to $30K. Apart from that, if for example Trump wins, I don't think the price of bitcoin will necessarily rise to $90K. So basically don't worry about this, because instead of being too busy thinking about this, it's better for us to continue to increase our investment in bitcoin.

[finaleshot2016]

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?

We need the hype of the election for BTC this current market. Trump might possibly help the market to grow more if he won since he supports crypto.

You know that the validation of political person that have a massive influence especially in US will definitely help the current market.

[coolcoinz]

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

I don't see it that way. People who believe bitcoin will fall to $30k are pretty bearish and should not be investing at all.
Kamala isn't going to be good for bitcoin, but it was the same with Biden and we survived that. We had years of their administration spreading FUD like the one that miners are a cause of global warming and may use all the power in the us and start blackouts. This was fear mongering at its finest courtesy of the socialists. It did nothing, it was all debunked by smart senators like Kennedy and others.

I'm not a fan of Kamala, but I try to stick to the facts as much as I can and she's not going to destroy bitcoin or make it crash to $30k.

[adaseb]

The election hype seems to be becoming a "buy the rumor, sell the news" type of event.

Bitcoin rallied when we heard that Trump will be at the BItcoin Conference. He was talking during the event and people were calling for a new ATH, instead it peaked at $70K and started to head down. Did he say anything negative about crypto? Absolutely not. But yet the market still sold off on his speech.

This is no different to when Elon Musk tweets something about DOGE, the coin pumps and then later it starts to fade. Because people are starting to realise that these words and tweets mean very little when no action is actually taken.

[sokani]

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 wouldn't lose my sleep over this because Bitcoin has already undergone 3 administrations and it's able to attain this height. So, even if an anti-bitcoin government wins, it will not have much impact on the price.  

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. ..

These are just speculations based on the fact the Biden/Kamala's administration has been attacking on crypto while Trump promises to do the opposite. But we don't know if Trump will keep his words because he's a politician and a politician tell you what you want to hear.

[ChiBitCTy]

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?

This is really a bunch of nonsense.  As I've stated on here many times before, I can PROMISE any of you that Trump has NO CLUE what bitcoin really even is.  As a finance guy, one thing I hear constantly around election times is "I'm worried about the stock market, if so and so gets elected it will do this, versus if so and so gets elected, it will do that".  This is one of the most common misnomers and simply has no truth to it.  Elections typically have little effect on things of this nature, price wise.

[LogitechMouse]

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Many thinks that it is hence, it affects the market as a whole.
Let's not forget that the market is heavily driven by the sentiments of the investors that's why we are seeing a huge spike or downfall whenever we see good or bad things happening.

Since both of them already involved themselves into Bitcoin, many believe that they will do something that will benefit Bitcoin and those who are into it as well. Harris accepts crypto donations already, and while Trump is more vocal when it comes to Bitcoin, I still don't think that whoever wins between the two will prioritize something that would benefit Bitcoin. As for me, I've said it in the past and I'll say it again. The presidential election being the catalyst for the upcoming bull run would be the most bizarre thing that will be happening in the crypto space. I still believe that whoever wins in this election, the effect of it towards the crypto will only be short to mid term, but not long term.

If Trump wins, there's a chance that Bitcoin's price might spike up and who will be the one that benefits from it? Those who bought Bitcoin when the price is at $20,000 or even below it.

[Stablexcoin]

The interest of these candidates in Bitcoin is very unlikely. I don't know why presidential aspirants always look for a global means to hold the masses to do their bidding in any election period. Trump understands that the world has changed and it is more of digital technology. The number of Bitcoin enthusiasts in the US within the 4 years margin has increased significantly. And that is why they now claim they have adopted that change knowing full well that they will not fulfill all their promises after the election.

[mirakal]

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.

Just the fact that Trump is now raising the community of  bitcoin, then that's probably something to be talked about and become hype in the forum. Otherwise, if it's no longer relevant on bitcoin and the crypto market, then it shouldn't be taking our most of our time talking about it. However, since Trump is taking bitcoin to its next level and may achieve a huge price if ever he wins the election, then I think things like this should be hyping btc every now and then, until the result of presidential election comes out.

[Stepstowealth]

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?

Investors in bitcoins are trying to remain very optimistic about their investment, some of them who just invested before the proposed halving were dissapointed by it, and so are maybe looking for other positive events as possible events that will raise the bitcoin value to what they expect it to be. The USA election is looking like such an even especially with how the two candidates are making sure to keep bitcoin in relevance, investors in bitcoins really hope that with the hype will come some positive news for the progress of bitcoin. Even if Bitcoin does not grow would the United States election and it finally ends up to be a dumb retail talk, I think it would have served it's purpose because it would have succeeded in increasing the number of people who know about Bitcoin especially in the United States.

[serjent05]

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?

People can't avoid speculation.  And there are even some that wanted to start such speculation due to some propaganda.  I do not think that the US election have some weight on the Bitcoin economy right now, but if the one who would win supports Bitcoin, then in the future maybe.

I believe all this hype about Bitcoin and US election are just some people wanting to influence people belief and trigger their speculative mind to be active.

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?

That's funny how people think that way...  I believe some make such news of politician accepting Bitcoin for donations and politicians supporting Bitcoin is just to get a vote...  I do not really think these politician are really serious about what they are showing.

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.

Just the fact that Trump is now raising the community of  bitcoin, then that's probably something to be talked about and become hype in the forum. Otherwise, if it's no longer relevant on bitcoin and the crypto market, then it shouldn't be taking our most of our time talking about it.

What?  Trump raising the community of Bitcoin?  How does he raise it or how does he help raising the community of Bitcoin?  I maybe missing some news so it would be great if you update me on this.

[Obim34]

The interest of these candidates in Bitcoin is very unlikely. I don't know why presidential aspirants always look for a global means to hold the masses to do their bidding in any election period. Trump understands that the world has changed and it is more of digital technology. The number of Bitcoin enthusiasts in the US within the 4 years margin has increased significantly. And that is why they now claim they have adopted that change knowing full well that they will not fulfill all their promises after the election.

That's what actual politics is about, using the interest of the people with large communities to push way into position, Trump giving his promises to the Bitcoin community while Kamala identifying as being part of the black community, everything is surrounded by appeasing the people with what they've longed to hear.

Following news from the election process, both top contenders (Trump and Kamala) have an outstanding amount of people in community to fire back if any of them successfully gets into power, it might aggrevate to impeachment if the successful emerged candidate failed to posses all as promised, so I believe non of them would likely want to say what they wouldn't do. Trump made his promises to the community and I believe he would adhere to his pledges as per agreement.

We all will feel impact of the election on Bitcoin price, since it isn't something designed on such news factor It wouldn't last longer, even if the price should fall nothing changes because in some week or few the market retains it rightful position. We can be less bothered about the election and what it has to do with Bitcoin price.

[nakamura12]

I think it is worth the hype since it will help since both of them accepts bitcoin so if they did that then many people will surely be into crypto because of the hype although it won't be for a long term because every hype has its end. If the candidates doesn't include btc in their campaigns then there won't be a hype and since they include it especially trump who has more approach to people with it like the problem with the sec and etc.

[Churchillvv]

Mate everybody is entitled to feel anything towards bitcoin regarding the election, as long as I know that bitcoin and the election has nothing to do with each other I just say off those who speculated bitcoin price using the election results as determinant.

I wonder what brought up this issue of bitcoin price depending on election result because definitely bitcoin has it's mechanism, processes and regulations on how it works and election or politics has not practical part in it, it only matters based on regulations towards users and not bitcoin itself, so Either Trump nor Kamala becoming the president of the US has absolutely nothing to do with bitcoin price, even though it might seem to affect it a little bit either positively or negatively but bitcoin mechanism is designed to always allow those temporary determinants but will have a price correction in few weeks or days after the temporary reaction.

All I can urge people is to study bitcoin patterns and mechanisms and stop speculating bitcoin price using election result none of those individuals is worth determining the price of bitcoin.

[uneng]

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?

It's a dumb idea to put all the expectations regards the future of Bitcoin on short run over an election, even though it's the most influential country in the world. But that is how things work nowadays in crypto industry... From decentralization to idolization around determined figures of power.

People continue repeating the same mistakes by putting all their hopes on politicians in order to improve their lives. If Trump was an inedit alternative, with a clean history, I would give him the benefit of the doubt, but it's not the case here anymore. He has already been president once, and many of his proposals didn't happen for real, what configures him as a liar.

Now what he says can't be taken seriously, because you already know his character. His words mean nothing after all. He is a politician like any other. He isn't going to drain the swamp, neither fight the crooked establishment. He is part of it.

Regards the other side, well, no comments... The scenario is pretty bad. That is not an exclusivity of USA, though. The political scenario in most countries is probably on its ethical and cognitive bottom right now.

[EarnOnVictor]

I often rubbish the hype around the US election in relation to cryptocurrency as many extremists are highly unreasonable about it as if it will determine the winner of the US election, but how? Notwithstanding, a friend of mine analysed this in a reasonable way which stopped me from viewing the drama in the normal political and economic views.

He said those hypes may not hold water directly, but they can motivate more people to adopt Bitcoin or invest more in it. This investment may not be from those who are hyping it but it is some kind of marketing for Bitcoin even though they know what they are saying is not true. But for it to have a significant impact before, during and after the election is false, it will only get excited a bit and that will be all.