Is The election worth the hype for BTC

[Davidvictorson]

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.
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!

This is the point I was trying to make initially when I first read the post but since I didn't have like a good pictorial evidence to back  it up, I kept mum. Reading your reply is in line with that thought. Bitcoin and the US election are a parallel. The only difference between this election and then last ones are that there are more people in the community who have donated Bitcoin to fund the campaigns of both candidates than there was in 2016 and 2020 when Trump and Biden won the election.

[Darker45]

It's obviously the latter, "just a dumb retail talk".

Whoever wins this election, whether he/she is pro-Bitcoin or anti-Bitcoin, Bitcoin will continue on its rugged path on its way upward. Administrations, presidencies, governments and their stand on Bitcoin don't determine Bitcoin's fate. This may sound a bit of an exaggeration but Bitcoin actually grew strong and solid out of its infancy when everybody was against it. It reached unimaginable heights, registered one ATH after another, despite presidents warning against it or at least indifferent to it.

Bitcoin doesn't need presidents. Presidents might need Bitcoin though.

[Smack That Ace]

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.
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!

This is the point I was trying to make initially when I first read the post but since I didn't have like a good pictorial evidence to back  it up, I kept mum. Reading your reply is in line with that thought. Bitcoin and the US election are a parallel. The only difference between this election and then last ones are that there are more people in the community who have donated Bitcoin to fund the campaigns of both candidates than there was in 2016 and 2020 when Trump and Biden won the election.

Years ago, investors like us or bitcoin did not care about macroeconomic factors like inflation, interest rates, recession...But do you see how that has completely changed in today's age? Bitcoin price movements are almost always influenced by global macro news. So, don't deny that the upcoming election results won't affect bitcoin's growth. 

We have pointed out that the biggest obstacle to bitcoin is the government, they hinder the growth and popularity of bitcoin by regulating and even banning people from using it. So I don't think bitcoin can hit a new ATH next year if the president issues a ban or prevents institutions from pouring money into the market. How will the market grow without large capital inflows?

Don't forget that the United States is still the country that contributes the majority of the world's GDP, whether the world economy can develop or not still depends on them. Bitcoin is also part of this economy, bitcoin cannot develop if it is separate from the world economy.

[passwordnow]

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?

There is an impact on it but don't put too much weight on it. Bitcoin with or without the elections, it keeps on thriving and there's no way to stop it even whoever sits in the POTUS and wins the election and somehow surprisingly declare a ban on Bitcoin but it's unlikely.

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

Not really. If I'd give my opinion about election and halving, say that 70 for halving and 30 for the elction.

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

Either of them, Bitcoin is going to reach $100k and it will surpass that.

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

I wouldn't stress myself out with any of those. Just let them come.

[yhiaali3]

Of course, Bitcoin has nothing to do with the US elections because it existed before them and will remain so after them, but what do we do if Uncle Sam's country rules the world and all international situations from politics to economics are linked to US policy and thus to US elections because the new president will determine new policies.

So it is natural for Bitcoin to be affected by the results of the US elections because if the winner is pro-Bitcoin, the results will be positive and vice versa if a president who is anti-Bitcoin wins, but in the end Bitcoin will remain and surpass all of these.

[mindrust]

It is definitely worth it. This election is a choice between communism and capitalism. On one side we have that woman trying to raise taxes and put regulations on crypto, bring in more illegals and make everyone’s life even more miserable than it already is; on other side Trump is promising the exact opposite stuff. Cheap energy, less taxes, less regulations, less illegals etc. I think this is an IQ test which so many people want to fail but I believe in the US people. I think they are smart and patriotic and that’s why they won’t get fooled by her.

[Zlantann]

This is the point I was trying to make initially when I first read the post but since I didn't have like a good pictorial evidence to back  it up, I kept mum. Reading your reply is in line with that thought. Bitcoin and the US election are a parallel. The only difference between this election and then last ones are that there are more people in the community who have donated Bitcoin to fund the campaigns of both candidates than there was in 2016 and 2020 when Trump and Biden won the election.

Bitcoin will continue to be affected by economic and political events, especially in the US. This is because of its massive involvement in the crypto industry, and its position as the world's largest economy. The market will always respond to sentiments which could be political. With the inclusion of Bitcoin as a campaign promise it is normal for the market to react positively if the winner has proposed fair crypto policies. The US election will affect Bitcoin in the short run, but the market will recover in the future.

It is definitely worth it. This election is a choice between communism and capitalism. On one side we have that woman trying to raise taxes and put regulations on crypto, bring in more illegals and make everyone’s life even more miserable than it already is; on other side Trump is promising the exact opposite stuff. Cheap energy, less taxes, less regulations, less illegals etc. I think this is an IQ test which so many people want to fail but I believe in the US people. I think they are smart and patriotic and that’s why they won’t get fooled by her.

Many people here don't care about other policies of these presidential candidates because their focus is just the crypto industry. They want to know about immigration or tax policy; they just want to support a candidate that will be friendly to Bitcoin. Trump has promised so much to the crypto community, but his records are making people doubt his ability to implement them.

[fuguebtc]

It is definitely worth it. This election is a choice between communism and capitalism. On one side we have that woman trying to raise taxes and put regulations on crypto, bring in more illegals and make everyone’s life even more miserable than it already is; on other side Trump is promising the exact opposite stuff. Cheap energy, less taxes, less regulations, less illegals etc. I think this is an IQ test which so many people want to fail but I believe in the US people. I think they are smart and patriotic and that’s why they won’t get fooled by her.

Many people here don't care about other policies of these presidential candidates because their focus is just the crypto industry. They want to know about immigration or tax policy; they just want to support a candidate that will be friendly to Bitcoin. Trump has promised so much to the crypto community, but his records are making people doubt his ability to implement them.

I also don't care about other policies or issues outside of crypto, the only thing I care about is the future of crypto and I will support candidates based on my interests.


There is no denying that Trump did not support Bitcoin in his previous term but everyone can change their views on Bitcoin , so why can't he? Or maybe he's just hyping to get more votes for himself, but do we have any evidence of that? No , it's all just speculation by his haters . Not to mention , look at the Biden administration's crypto policy and what Harris has done so far , she has been completely silent and ignored everything about crypto during her campaign. It is not a good sign for the industry if she intends to maintain Biden's stance on crypto .

[icalical]

Well, it is true that Bitcoin has also surpassed political events and fluctuating policies in the past, so maybe for people who aren't living in the U.S, putting too much significant amount of weight on this U.S. election does feel like a bit of an exaggeration. As would be expected, analysts remain divided on the ramifications brought about by the 2024 election. Various reports have claimed that if Trump manages to win, Bitcoin could surge as high as $90K due to his crypto-friendly stance. On the other hand, some analysts think that, in the long run, Bitcoin's growth will be less dependent on election results and refer to its history of resilience across varying political climates.

At the same time, while the election may impact short-term market psychology-most of all because of likely regulatory changes-the truly deeper reason behind Bitcoin's resilience lies in its being a decentralized system and organic growth of adoption across the world. As important as politics might be, Bitcoin has more going for it than election results.

[kryptqnick]

The US elections are an important geopolitical event, as its outcome has a long-term impact on a number of issues and on many countries. But Bitcoin is fairly autonomous, fairly independent of what is going on in the US. It's been growing under various US presidents of both parties, and it can continue growing in the future, no matter who wins. Even if Trump wins and Bitcoin gains some traction, it will likely be a temporary boost. If Kamala wins, I think it will be simply of little impact, unless some sort of anti-crypto legislation is introduced, and then we can have a negative temporary impact.

[justdimin]

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.

I do agree that there will be a huge increase or decrease in price during that period without a doubt. I am not saying that it will be simple to navigate and we may have some harsh days, but I think just holding through that period would be fine and not cause any issues at all. While the volatility would make a lot of traders either poor or rich depending on if they are right about the movement, I think it is going to be not a big deal when it comes to bigger results as well.

I just believe that we need to do something that will take a while, and we can't see something that changes all that complicatedly, so we shouldn't really consider that as a big threat. So all in all, we need to just make sure that things are doing fine and we can invest heavily and just hold it and wait it out. That's how we make money, we wait it out and we can make money because that movement after the election will eventually calm down, and that's when you will realize holding is fine.

[legendbtc]

The US elections are an important geopolitical event, as its outcome has a long-term impact on a number of issues and on many countries. But Bitcoin is fairly autonomous, fairly independent of what is going on in the US. It's been growing under various US presidents of both parties, and it can continue growing in the future, no matter who wins. Even if Trump wins and Bitcoin gains some traction, it will likely be a temporary boost. If Kamala wins, I think it will be simply of little impact, unless some sort of anti-crypto legislation is introduced, and then we can have a negative temporary impact.

Is Bitcoin a financial market? And how independent will it be when the US is the center of the world financial market and accounts for over 49% of the world's total market capitalization? The most practical example of this is: the largest inflow of capital into bitcoin right now is through bitcoin ETFs, and the majority are trading in the US. So it would be incorrect to say that bitcoin has nothing to do with what is going on in the US.

I don't like the US because of their dictatorship on the international stage but I won't deny their influence and importance to the world economy or any sector in the world including bitcoin. They control and influence almost everything in this world, I don't think they will ignore bitcoin or it can avoid them.

[m2017]

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?

This is empty talk, but it has an impact on the actions of the masses. It is no secret that the news background influences the decision of investors to buy or sell bitcoin.

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

It is precisely because people believe in "that the election is everything for Bitcoin" that it has power.

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

Once again we are being forced into the framework of "either - or". I don't think that everything will be so clearly bad or good. In general, I think that even without these elections, Bitcoin will reach the level of $100-150k. during this cycle. Bitcoin "lives" according to its internal rhythms, as it "lived" before all these candidates.

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

Anything can go wrong. The BTC-community can only believe and hope (by investing in BTC) and "let it be".

[Hamza2424]

Election worth for BTC? nope, buddy Elections have nothing to do with Bitcoin but against that statement, Bitcoin is getting used by the parties to boost their Election campaigns by giving them a new pro-crypto / pro-Bitcoin narrative.

Yup if the winners execute what they claim to do after the win during their election campaign, those developments can impact the Bitcoin's market in both ways. Yup for sure Bitcoin is now dominant. But elections are just elections and you should acknowledge the difference in what politicians say and  what they do.

[Z-tight]

They control and influence almost everything in this world, I don't think they will ignore bitcoin or it can avoid them.

The BTC market in ths U.S. is very large and it is true that their government has a lot of influence, even on cryptocurrencies, and if they make crypto friendly policies and support crypto, it will be great and will aid adoption. However, i don't expect such friendliness irrespective of whoever wins, i know that one candidate is leaning towards support for BTC, but between the candidates i don't think there'd be much difference in policies and bills that will be signed into law concerning BTC and crypto.

[Don Pedro Dinero]

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

A priori, as Trump appeared at the Bitcoin Conference and spoke about the strategic reserve, it would seem that this would be the case, but it need not be.

To begin with, Trump went and said this out of pure electoral interest, and we could be in for a disappointment even if he wins and fulfils what he said. The history of bitcoin has shown us that what looks like 2+2 does not end up resulting in 4.

If anyone wants an alternative view, with which I don't entirely agree, here is one:

Kamala: The Real Bitcoin Candidate

[PX-Z]

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

It's just a temporary hype, weeks or a month or two of effect might be enough especially if trump wins where most crypto users hope for his BS bitcoin talks. But if the opposing side wins, it might be a longer dump despite of the support it might do to bitcoin. Price will go dump if these voters or observers thinks that there's no development of the talks/promises which news media will always sell the hype that could affect the decisions of many for FOMO.

[Jon_Hodl]

Should we be putting so much weight on the US election in order for Bitcoin to grow

The election won't have much impact on bitcoin itself but whoever wins will likely have an impact on whether or not we, as bitcoiners, are criminalized and face imprisonment for using bitcoin.

There's no single event that we should focus on or worry about to protect bitcoin but privacy is a human fight and we should all be doing what we can to protect ourselves from legal persecution. That may involve politics in some capacity. 

[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.

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.

If we all understand all these plans of the presidential aspirant. Why do the masses still get blinded and vote for them knowing full well they will fail on their promises? I do not want to brag about it but I am one citizen who dont participate in political activities and I do not care who is in the seat because at the end of the day, all of them have personal ambitions. Once they get into that position they first sort out for themselves before even thinking about the people. The only reason why they go ahead to make new policies and build infrastructure is because they are looking for a way to short the ,asses from complaining.

[Wakate]

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.
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!

This is the point I was trying to make initially when I first read the post but since I didn't have like a good pictorial evidence to back  it up, I kept mum. Reading your reply is in line with that thought. Bitcoin and the US election are a parallel. The only difference between this election and then last ones are that there are more people in the community who have donated Bitcoin to fund the campaigns of both candidates than there was in 2016 and 2020 when Trump and Biden won the election.

Just like you have noticed that the adoption of Bitcoin is increasing everyday and you can not compare few years before now with what could happen in the future. The truth is that the crypto market has been in hype for a long time and that is what most traders follow to make decisions in the market. If Donald Trump eventually wins, that would be a big win for everybody in the crypto market because it will enable the adoption of cryptocurrency more in the United States and other countries in the world that are still anticipating on whether to make crypto legal or not. The adoption of cryptocurrency in the US will increase the number if crypto users which will make the price of Bitcoin to rise with time, but the contrary is the case for Harris which could jeopardize the future if cryptocurrency in the US which can influence the world also.