Crypto & Elections

[lovesmayfamilis]

Hi everyone. You can reach me directly (message UCBerkeleyStudent) to learn more about the study.

Why would someone contact you personally? You are on a public forum and you need to communicate not individually but with a community. You probably don't see all the benefits of communication, as one person's opinion is very different from the opinions of people who may have significant differences. By getting many responses, you will have more material for your research.

[Justbillywitt]

How have the election results impacted crypto? I know BTC trading volume has increased—I wonder if investors are getting more confidence in the asset or if it's speculation.

Yes, actually a lot of the investors have gotten more confidence since the time the American election was announced that Donald Trump has won the election; that’s exactly the time the Bitcoin began a massive journey that encourages even those that didn’t have any interest to invest in Bitcoin to stay. Indeed, Trump made a promise, and indeed he fulfilled it, because during his time, Bitcoin was able to hit $100k.

Donald Trump has not kept any promises as he is yet to assume office. He is only the president elect, his tenure will start from January 20 2025. It is only when he assume office, that's when we will know if he will keep to his promises or not. Again, Bitcoin didn't hit $100k during Trump time, as his administration is yet to start. Bitcoin hit the $100k mark in December 2024, and Trump administration will kick off in January 2025, so you are wrong here, as bitcoin has already touch the $100k before the start of Trump era.

And I hope that these election results can continue to affect the Bitcoin market by increasing, because this early 2025 bull run might surprise us, or at the middle of the years, and I don’t think the Bitcoins can crash below $90k anymore; with this journey, it begins rather than it can continue to pump up.

Don't be too over excited about bitcoin price pushing up, and allow that make you think that bitcoin price can't go below $90k anymore. The same power that bitcoin has to push up, is the same power it has to go downward. With just one negative news, Bitcoin can go below $90k from the current price. $90k is not that far behind at market value presently. Just be open minded about bitcoin my friend. Bitcoin can still crashed to any price level.

[serjent05]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

Election does not impact crypto, it is the personalities behind the election that do impact cryptocurrency somehow.  One example is Pres. Trump.  His open support to Bitcoin had influenced people and when he won the election and continuously being open in supporting Bitcoin even strengthened the hype and influence he made. 

Having the president of a strong country supporting Bitcoin, I would say that it would not be a speculative thing since top officials of a country can create, pass, and implement a law that will support the cryptocurrency industry.  Aside from that, together with the government acceptance, companies that are hesitant due to legal issues can then rest their mind in peace venturing into Bitcoin.  So I believe that investors are having more confidence that there are more government top officials and politicians who are into supporting Bitcoin.

Sadly with the confidence obvious comes the regulation...  so I am afraid if the trend of Bitcoin having the government getting into the picture, our current freedom dealing with Bitcoin might somehow be restricted.

[Jaycoinz]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

Election does not impact crypto, it is the personalities behind the election that do impact cryptocurrency somehow.  One example is Pres. Trump.  His open support to Bitcoin had influenced people and when he won the election and continuously being open in supporting Bitcoin even strengthened the hype and influence he made. 

Donald trump is the major influence that spike the price Bitcoin and that's because he promised Bitcoiners a more friendly approach towards it and this built the community faith and hope in him so after his election victory the price was greatly influenced by the action of Bitcoiner so I guess the influential personality was the course and moreover if any election was certain to be making Bitcoin pump then Joe Biden victory few years back would have done the same thing.

[Ojima-ojo]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

We are getting carried away with just one figure who has pushed Bitcoin to the frontline of election campaigns and the impact of the election on the price of Bitcoin at the moment, but we shouldn't also forget the fact that politicians can make any promises while electioneering and at that, we are expected to wait for the outcome of all those campaigns promises as regards to bitcoin/crypto-friendly policies from the government before we can point out the real impact of elections on bitcoin and it investors feelings.

[GeorgeJohn]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

actually what bitcoin needs to gain it potential is a positive information because what triggers bitcoin to increase in value is when there is information of adoption from company and also from a recognize country so that is things that trigger Bitcoin to increase to a point that you will need surprise of seeing Bitcoin to such a level, but some persons does not know that bitcoin has already have a grand so without bitcoin having a grand even though there is a massive adoption from my country only one scandal can make the price of Bitcoin to decrease it, so in summary the election helped bitcoin to increase due to the campaign of Donald Trump and the it happens that Donald Trump won the election

[Zigabel]

Obviously the adoption and accessibility or acceptance around Bitcoin recent is going to have its effect and impact on Bitcoin and it's obviously not going to be one that will not be obvious, we are going to see that it will be obvious that this is the actual impact of a certain event such as the elections on Bitcoin and very paramount is that  investors will become more confident because there are governments that will get involved and such cannot be a scam so they have to literally follow up with their positions.

[GeorgeJohn]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

Some times positive information enhance for bitcoin acceleration and most of don't know that, if five well know country agree to embrace Bitcoin as a legal tender, you will see that many more countries will embrace Bitcoin, so what makes bitcoin to increase as its having a positive in the market today, is as a result of Donald trump, and many investors are coming in, in bitcoin that's why bitcoin is having  a sudden change in the market.

[aioc]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

By now we know who wins in the US election, and it turns out to be in favor of the cryptocurrency community, but even if we have one of the most powerful men on the planet on our side, it doesn't guarantee that we will have a stable market; it will still be speculative because there are still bad actors and developers in the industry, and investors want high-risk, high-rewards projects, so demands on memes and other high-risk rewards will still be present in the market. There's still no comfort zone in the market.

[RockBell]

actually what bitcoin needs to gain it potential is a positive information because what triggers bitcoin to increase in value is when there is information of adoption from company and also from a recognize country so that is things that trigger Bitcoin to increase to a point that you will need surprise of seeing Bitcoin to such a level, but some persons does not know that bitcoin has already have a grand so without bitcoin having a grand even though there is a massive adoption from my country only one scandal can make the price of Bitcoin to decrease it, so in summary the election helped bitcoin to increase due to the campaign of Donald Trump and the it happens that Donald Trump won the election

Bitcoin is always at the mercy of good news if there is any good news then the price of bitcoin will be impacted the same goes for if there is any form of bad news it will also affect bitcoin, when you even hear the news of adoption that is when you will know that when it comes to the issue of adoption it usually have a great impact on bitcoin and this is exactly what is happening in bitcoin currently. Just imagine country like Russia wants to adopt bitcoin just imagine the massive increase in price that will occur in bitcoin.

The the election and the intrest of the newly elected president who is there to make bitcoin as a reserve is about to make bitcoin one of the best, it will give people more confidence to invest and because people so much believe in investing, the Us election actually changed a lot of things that till now things keep changing that is in price because of how people are so determined to try bitcoin because of how the US president is trying something new out.

[reagansimms]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

Some times positive information enhance for bitcoin acceleration and most of don't know that, if five well know country agree to embrace Bitcoin as a legal tender, you will see that many more countries will embrace Bitcoin, so what makes bitcoin to increase as its having a positive in the market today, is as a result of Donald trump, and many investors are coming in, in bitcoin that's why bitcoin is having  a sudden change in the market.

If this scenario happens, we will soon see the price of Bitcoin increase several times from what it is currently trading, the acceptance of Bitcoin as a legal tender is a great history that has been carved since its emergence in 2009, especially since it was done by 5 famous countries.
Donald Trump victory in the US election has raised optimism about the future of Bitcoin due to his campaign promises. We can only wait for Trump to follow through on his promise, if he succeeds in doing so, then we will see something extraordinary from the prospect of Bitcoin movement for the first half of this year.

[SuperBitMan]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

By now we know who wins in the US election, and it turns out to be in favor of the cryptocurrency community, but even if we have one of the most powerful men on the planet on our side, it doesn't guarantee that we will have a stable market; it will still be speculative because there are still bad actors and developers in the industry, and investors want high-risk, high-rewards projects, so demands on memes and other high-risk rewards will still be present in the market. There's still no comfort zone in the market.

Yeah you are right, Donald Trump has already started working towards fulfilling his promise to Bitcoin investors, he is one of the world leaders that has publicly supported Bitcoin and that alone has helped Bitcoin growth and value he has also appointed cryptocurrency friendly men, men that love cryptocurrency into strategic positions in the United States such as Paul Atkins to lead the Securities and Exchange Commission (SEC) and venture capitalist David Sacks as the head of AI and crypto initiatives, this people he appointed will help him fulfill the promises he made to Bitcoin investors and that is what is already happening.
Donald Trump will actually fulfill his promise, this is not those kind of promises politicians make and will not act on it, Under his administration, the SEC approved spot Bitcoin exchange-traded funds (ETFs), facilitating greater institutional investment in Bitcoin, this has really helped Bitcoin in it's growth, it is a very big impact and it shows that truly he will fulfill his promise, people where thinking he was just making those promises just to get the support of Bitcoin investors and after getting into power he will forget the promise he made but he has proven every wrong.
And yeah you are right @aioc even though we have one of the most powerful man in the world supporting Bitcoin it those not grantee stable market for Bitcoin, Bitcoin market cap will continue to shake by falling and rising and that's because Bitcoin is volatile in nature however that won't stop it's growth it has been so since it's creation but didn't stop it's growth.

[Zigabel]

It is not speculation, but just about the increase in confidence from many investors when Donald Trump has a very good desire to create a national reserve in the form of Bitcoin and also encourage new project creators in the crypto realm so that he gets more trust from investors and also other businessmen to improve the economic foundation in a better direction. So the election result does not actually affect crypto, it is just Donald Trump's words that have influenced many people who already believe in crypto so that Trump can really be relied on to provide smoothness for crypto projects and also for Bitcoin.

The US government is one in the world that commands so much power and authority so having a US president endorsing and moving for the adoption of BTC to the point of wanting a national reserve for it is enough to build confidence in investors and even other big players in the industry who have been waiting for a firm reason to delve into the Bitcoin market,  so this was a clear indicator that they can further proceed to investing.

They all trusted that Trump is definitely going to do that which he has mentioned as it regards the Bitcoin adoption in the US and that was one of the reasons for the volatility that pushed Bitcoin up to its new ATH and I believe its definitely going to do more even after now.

[CageMabok]

The US government is one in the world that commands so much power and authority so having a US president endorsing and moving for the adoption of BTC to the point of wanting a national reserve for it is enough to build confidence in investors and even other big players in the industry who have been waiting for a firm reason to delve into the Bitcoin market,  so this was a clear indicator that they can further proceed to investing.

They all trusted that Trump is definitely going to do that which he has mentioned as it regards the Bitcoin adoption in the US and that was one of the reasons for the volatility that pushed Bitcoin up to its new ATH and I believe its definitely going to do more even after now.

I am also still pretty sure that Bitcoin will still get more push from big investors and also from some other governments who might also follow the footsteps of the current US government. Since Trump is someone who is able to create influence in certain conditions so he could have a bigger influence on the side of investors to be able to attract them into Bitcoin investment. And if this year there are many other positive news coming from some countries for Bitcoin then there is certainly a possibility for Bitcoin to reach a new ATH again.

[Franctoshi]

Over the past election that Bitcoin has existed it hasn't been this popular as this particular election and where Bitcoin has become mainstream or major focal points for policticians during their electoineering campaign promises and we have seen how the outcome of the election has impacted the crypto market and going forward and more good policies are going to be in place when Donald Trump has officially assumed office.

[JiiBs]

Over the past election that Bitcoin has existed it hasn't been this popular as this particular election and where Bitcoin has become mainstream or major focal points for policticians during their electoineering campaign promises and we have seen how the outcome of the election has impacted the crypto market and going forward and more good policies are going to be in place when Donald Trump has officially assumed office.

I think it’s okay to say that, we’ve got a cryptocurrency population and it’s only normal for politicians to sort them (us) out. Our views and votes and how do they do that, in the campaigns. Some compliance if they win but yeah.

There was the woke side,
There is the multicultural side,
There is the gender equality sid,
There is the emigrant side and lots more.

What would you do, you offer what costs you nothing in words and get what could place you where you need be.
Election is a tool but, it’s a tool that also serves the Bitcoin campaigns as we have it.

[Mackdolah]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

I think, it effects to crypto market and it like other issue politics in Us. But, for Trump case maybe is good signal for investor to invest in crypto

[coupable]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

I think, it effects to crypto market and it like other issue politics in Us. But, for Trump case maybe is good signal for investor to invest in crypto

It’s a win-win situation for everyone. Politicians declare their support for Bitcoin adoption by promising to facilitate cryptocurrency activities, which encourages more people to trust the market and thus trust politicians. Investors, in turn, benefit from this unspoken agreement and support politicians. Regardless of whether these promises are fulfilled or not, there is likely to be little results.

[MusaMohamed]

It’s a win-win situation for everyone. Politicians declare their support for Bitcoin adoption by promising to facilitate cryptocurrency activities, which encourages more people to trust the market and thus trust politicians. Investors, in turn, benefit from this unspoken agreement and support politicians. Regardless of whether these promises are fulfilled or not, there is likely to be little results.

Politicians and their family members can take advantage of possible policies and get profit too. Like Trump as the USA. President Elect, publicly talked about his friendly plans for Bitcoin and cryptocurrencies. He did not hide that his family member are big fans and also investors in Bitcoin and cryptocurrencies.

Doing things with policies is very profitable, if you can do it successfully. Trump has many reasons for his family to open more space for Bitcoin and cryptocurrencies in the USA, but benefit for his nation is bigger too. Blockchain technology changed the world and will change it more, so a big nation like the USA. don't want to stay outside or see blockchain companies migrate from their nation to other countries because they have bad policies for this industry.

[YOSHIE]

How have the election results impacted crypto? I know BTC trading volume has increased - I wonder if investors getting more confidence in the asset or if it's speculation.

The level of trust and confidence in Bitcoin/Crypto increases, what's more, this factor is triggered on the basis of comments from elected election candidates, investors will believe that crypto is the best choice in the country, this does not only happen to beginners or anyone, I myself am the same, if the election issue is conveyed by the president-elect in a positive way, I will definitely do whatever is best regarding crypto, I will come to a positive conclusion.

It is very natural that Bitcoin will increase sharply after the election is over in the US and the president who supports Bitcoin wins, it's a different story if the president who doesn't support Bitcoin wins, that's a different story, for that, maybe you will see further when the president-elect says something again about Bitcoin, this is common in any country, not only in the US, other countries also have the same action.