Bitcoin presidents

[nemesis_incarnate]

Trump did mention he wanted to be the crypto capital of the world and I believe that the US really has the potential to be that. I do believe it may have started for him to win votes but now with many other countries coming and wanting to get into bitcoin, Trump ma have to rethink his approach to bitcoin lest he wants to be surpassed by other countries in terms of innovation and whatnot.

Prestige is where the target lies.

The bigger it would get from getting crypto onto your country's belt - the better, so to speak.

There will always be those trying to "be the first" in any league, and crypto is such a thing too.

[Lucius]

~snip~
Back then, we only had Bukele (president of El salvador) as the national leader that was actively and loudly pushing for crypto adaption. Then Trump followed and now we have so many candidates for presidency and already presidents pushing for bitcoin. I think that this is a testament to how much bitcoin has grown that not only your average citizens know and use bitcoin but also presidents. Bitcoin mass adaption might come a lot sooner than everyone initially thought.

It's true that the president in South Korea has very big powers, but Bukele is still some kind of dictator (that's what he calls himself) who does whatever comes to his mind and obviously has no one to whom he must answer. The Polish president does not have such authority and can say whatever he wants, but it is not of much use if he does not have the support of the parliament.

I don't know why people continue to call the US president someone who supports BTC, when on the other hand he obviously prefers altcoins, which he has already shown many times. What people should know is that most politicians are focused on their positions and profits, and they don't really care how they will achieve it.

Bitcoin is a hot thing right now, but that doesn't mean they love it or care about it.

[henry_of_skalitz]

It's true that the president in South Korea has very big powers, but Bukele is still some kind of dictator (that's what he calls himself) who does whatever comes to his mind and obviously has no one to whom he must answer. The Polish president does not have such authority and can say whatever he wants, but it is not of much use if he does not have the support of the parliament.

I don't know why people continue to call the US president someone who supports BTC, when on the other hand he obviously prefers altcoins, which he has already shown many times. What people should know is that most politicians are focused on their positions and profits, and they don't really care how they will achieve it.

Bitcoin is a hot thing right now, but that doesn't mean they love it or care about it.

Alts can be controlled, whereas BTC is only affected to some degree by third parties, countries and companies alike.

It can only be halted on its track to proper adoption.

[peter0425]

It's true that the president in South Korea has very big powers, but Bukele is still some kind of dictator (that's what he calls himself) who does whatever comes to his mind and obviously has no one to whom he must answer. The Polish president does not have such authority and can say whatever he wants, but it is not of much use if he does not have the support of the parliament.

A president does not need to be a dictator to make a difference. A president can implement laws or pull some strings to make crypto more welcomed in their country and that would be enough. No need for him to dictate his citizens. Just make bitcoin more accessible in the country.

Bitcoin is a hot thing right now, but that doesn't mean they love it or care about it.

True but it is enough for them to want to incorporate crypto in their country. They can simply be neutral about it but still push for its adaption.

[Hamza2424]

Back then, we only had Bukele (president of El salvador) as the national leader that was actively and loudly pushing for crypto adaption. Then Trump followed and now we have so many candidates for presidency and already presidents pushing for bitcoin. I think that this is a testament to how much bitcoin has grown that not only your average citizens know and use bitcoin but also presidents. Bitcoin mass adaption might come a lot sooner than everyone initially thought.

Adoption is increasing and it will increase more because El Salvador also adopted it when BTC was breaking its boundaries and setting some new ATH, the same way all these countries are accepting it but what they don't understand is that the timing is wrong, if they will invest that $884 billion which is a massive amount and the amount that relates to pension which obviously be paid to the Pensioner.

If that amount is invested now at the wrong time, those pensioner will suffer the most therefore this is a wrong step although I am surprised to see they have such a huge amount of money for their pensioners but they should not invest all or some part of that money into BTC even if that's in favor of us because if BTC drops which it will those pensioners will suffer the most.

[Alpen]

In the recent Presidential election in Poland, pro-crypto Karol Nawrocki, has emerged victorious with a 51% vote share. Ahead of this tightly contested election, Nawrocki had vowed to support the crypto industry and stated that it would curb any regulations that prevent the “freedom of investing”. Poland’s crypto industry has high hopes from Nawrocki to improve the country’s crypto landscape.


Currently leading the polls is Lee Jae-myung of the center-left Democratic Party, who is up against staunch conservative and People Power Party nominee Kim Moon-soo. Lee has proposed legalizing spot crypto exchange-traded funds and wants to allow
South Korea’s $884 billion national pension fund to invest in cryptocurrency. Kim also supports legalizing spot crypto ETFs and backed Lee’s proposal, showing rare bipartisan alignment. He has also pledged to ease regulations and expand crypto adoption.

Back then, we only had Bukele (president of El salvador) as the national leader that was actively and loudly pushing for crypto adaption. Then Trump followed and now we have so many candidates for presidency and already presidents pushing for bitcoin. I think that this is a testament to how much bitcoin has grown that not only your average citizens know and use bitcoin but also presidents. Bitcoin mass adaption might come a lot sooner than everyone initially thought.

You forgot to include the presidents of Venezuela and the Central African Republic — and let’s not leave out the King of Nepal. With the exception of the U.S., this “crypto leadership club” mostly consists of broke countries in economic free fall, run by regimes that are either desperate or delusional.

Trump only jumped on the Bitcoin bandwagon to make a quick buck — and now people call him TACO, which honestly feels fitting.
As for Poland and South Korea, we’ll see how it plays out, but let’s not pretend the current list of crypto-loving leaders inspires much global confidence.

[Scarlett_23]

Whether a country's government or president accepts Bitcoin will have a positive or negative impact on Bitcoin depends entirely on the type of government or president that country accepts Bitcoin and how effective it will be in reality.
Investors find confidence in Bitcoin when it is recognized by different countries and presidents or large institutions. However, the heads of government or presidents of most countries cannot actually implement their promises.

Many presidents often make such promises to win elections. Sometimes, their election promises cannot be kept due to the instability and risk in Bitcoin.

[melinoe]

Whether a country's government or president accepts Bitcoin will have a positive or negative impact on Bitcoin depends entirely on the type of government or president that country accepts Bitcoin and how effective it will be in reality.
Investors find confidence in Bitcoin when it is recognized by different countries and presidents or large institutions. However, the heads of government or presidents of most countries cannot actually implement their promises.

Many presidents often make such promises to win elections. Sometimes, their election promises cannot be kept due to the instability and risk in Bitcoin.

Bigger countries don't need BTC as much as smaller ones.

Because BTC allows doing what smaller countries can't do, having such an alternative doesn't interest bigger countries as much

[Ruttoshi]

Currently, I only know Bukele as the pro-bitcoin president. Trump is not very supportive to crypto we can see that through his actions in creating a trade war and how IMF based in the US is against Pakistan Bitcoin mining with 2000 megawatt of electricity to mine bitcoin.

I feel Trump only loves crypto because of his shitcoin that he created for business and nothing more. He only used cryptocurrency as a means to win his vote. I will be happy to see  these presidents that you mentioned in the OP are real about their love for crypto, and show it out to the public like what El Salvador president Bukele is doing.

[henry_of_skalitz]

Currently, I only know Bukele as the pro-bitcoin president. Trump is not very supportive to crypto we can see that through his actions in creating a trade war and how IMF based in the US is against Pakistan Bitcoin mining with 2000 megawatt of electricity to mine bitcoin.

I feel Trump only loves crypto because of his shitcoin that he created for business and nothing more. He only used cryptocurrency as a means to win his vote. I will be happy to see  these presidents that you mentioned in the OP are real about their love for crypto, and show it out to the public like what El Salvador president Bukele is doing.

Trump does it to bring so-called "prestige" to the US itself - after all, more than anything, he would love to se the news sparkling with how much BTC the state has and how much they did to become the 1-st there (just like in many other areas).

[Guccho]

Actually when national leaders are openly supporting crypto and making it part of their policy platforms it shows how deeply crypto has entered the mainstream. It used to be a fringe idea now it's something that can influence elections and national financial strategies, If this trend continues we might see real global crypto adoption much faster than expected

[Mahiyammahi]

Yes, brother, it's not bad at all to hear that even presidents are talking about Bitcoin, but it's good. But I'm a little worried.
I think all this crypto friendly talk is just to get more votes. Even though Nawrocki won in vote counts, he only got 51% and the policy is stuck with a small deficit. Remember the MICA law in Europe? They said it would be crypto friendly, but later they made the regs so complicated that users struggled so much.

But in Korea, two parties supporting crypto together is a huge deal fr. Even pension funds are thinking to deposits in Bitcoin.

Mass adoption is coming. But will user freedom survive this journey? Let's see what waits for us

[fikrett]

Actually when national leaders are openly supporting crypto and making it part of their policy platforms it shows how deeply crypto has entered the mainstream. It used to be a fringe idea now it's something that can influence elections and national financial strategies, If this trend continues we might see real global crypto adoption much faster than expected

Words go far, actions - not so much, but we await them most.

Even though it's good that many speak about crypto as it is, it doesn't mean that its adoption is going to go on a whole different level, not before one would define an example of such transformations..

[0t3p0t]

I seems more Bitcoin friendly presidents are emerging nowadays so I am wondering who will be the next? Which country and who do you think is the next leader to emerge in the coming months or years guys? Here in my country I have no idea since the current administration is busy dealing with external and internal threats. Hopefully in the long run the world will be full of leaders who legitimately embrace Bitcoin and that should be everybody's advantage.

[peter0425]

Whether a country's government or president accepts Bitcoin will have a positive or negative impact on Bitcoin depends entirely on the type of government or president that country accepts Bitcoin and how effective it will be in reality.
Investors find confidence in Bitcoin when it is recognized by different countries and presidents or large institutions. However, the heads of government or presidents of most countries cannot actually implement their promises.

Many presidents often make such promises to win elections. Sometimes, their election promises cannot be kept due to the instability and risk in Bitcoin.

Bigger countries don't need BTC as much as smaller ones.

Because BTC allows doing what smaller countries can't do, having such an alternative doesn't interest bigger countries as much

I'd disagree. What is USA doing with bitcoin then?

Big country or not, bitcoin will serve to be a benefit to any country. It has shown in time that you can absolutely make profit in bitcoin if only you hit a good point and you know how to really maximize your holdings. Other countries are using bitcoin in different plenty of ways. Like said by how the korean president would wish to make bitcoin legalized

[Lucius]

A president does not need to be a dictator to make a difference. A president can implement laws or pull some strings to make crypto more welcomed in their country and that would be enough. No need for him to dictate his citizens. Just make bitcoin more accessible in the country.
~snip~

One person should never make decisions that affect the entire nation, that's why there are powers for the president, prime minister, and government - to balance the power they have. Didn't Bukele declare BTC to be a legal tender and thereby force sellers to accept it? In the end, he received a red card from his citizens and the IMF.

Bitcoin was created to function without approval, politics and central banks - and today some people are looking for all this in the context of Bitcoin, paradoxical, isn't it?

[justinlamode]

It is looking like many countries are thinking in the direction of Bitcoin as evident in the election of pro-Bitcoin presidents in many countries. Does that mean that a time will come where Bitcoin may become a factor in determining the fate of politicians in elections? It's really interesting seeing that Bitcoin is making huge progress and at the way things are going, we may see more countries legalize Bitcoin in the near future. They just have to see the success of the Bitcoin reserve being pushed by some countries such as the United States.

[Rruchi man]

~

Just like I said in another thread, we will have more presidents who are in support of bitcoins from most countries soon. The political landscape is shifting, old politicians being replaced by younger ones who surely hold a different opinion on bitcoins.

In the coming years, we will see more policies from different countries in support of bitcoin.

[Mate2237]

Crypto currency has become a thing of political off recent because it's now becoming the basis upon which elections are going to be decided this is a welcome development as it speaks volume of how Bitcoin has become especially in making critical decisions like election but my fear is that politicians are one set of people who has double mouths so they can be pretending all what matters to them is how they can get into office and if it means supporting Bitcoin for that to happen they would do that.



I believe that bitcoin is going to be a deciding factor in this very elections the president of eventually elected should keep to his word by creating the enabling environment for crypto currency to be legalized as it will have a tremendous economic impact on the citizens of the country like others countries who have already made crypto currency legal settings up a Bitcoin reserves should be one of his agenda's

[aylabadia05]

Back then, we only had Bukele (president of El salvador) as the national leader that was actively and loudly pushing for crypto adaption. Then Trump followed and now we have so many candidates for presidency and already presidents pushing for bitcoin. I think that this is a testament to how much bitcoin has grown that not only your average citizens know and use bitcoin but also presidents. Bitcoin mass adaption might come a lot sooner than everyone initially thought.

Good. In the future there will be other names from different countries that will make us discuss this. I just hope that the president who moves to push Bitcoin adoption is not just grabbing supporters in targeting vote banks during elections, but actually has a strong foundation like Nayib Bukele.
Pakistan is also trying to become a country that is discussing how to implement Bitcoin adoption. All of these countries should be prepared for criticism from others who don't want it to happen.