I think bitcoin should not be politicized

[Majestic-milf]

 You're right. Bitcoin should not be used for political purposes and it's as if Trump has been the one who has politicized it more than any other sitting president and I'm beginning to wonder if his plans are really genuine. Bitcoin experiences drops, infact one of the characteristics of it is it's ability to be very volatile but blaming it on the tension the US is having with Iran looks like a mind game. So he's saying that if Iran agrees to bend to the will of the US is what would normalize price? What if it doesn't work that way? Even if the fact that price is dropping so drastically, is this the first time there have been strains between the two countries?

[Obulis]

Should we call it a propaganda or what? Definitely the news is just carrying in it what they want to be happening about and around Bitcoin. They want to have control over a decentralized finance. Should that happens then Bitcoin will lose its value and become manipulative. But I believe that is just a wish not really the reality because if that's true, then other falls would be as a result of one thing or another which means decentralized finance is a just a joke.

[colinistheman]

You're right. Bitcoin should not be used for political purposes and it's as if Trump has been the one who has politicized it more than any other sitting president and I'm beginning to wonder if his plans are really genuine. Bitcoin experiences drops, infact one of the characteristics of it is it's ability to be very volatile but blaming it on the tension the US is having with Iran looks like a mind game. So he's saying that if Iran agrees to bend to the will of the US is what would normalize price? What if it doesn't work that way? Even if the fact that price is dropping so drastically, is this the first time there have been strains between the two countries?

But the point is, whether we like it or not, it does not matter. Even if we do not want Bitcoin to be connected to politics, there is no way to prevent it from happening.

What affects Bitcoin is not the tension between Iran and the US, and Bitcoin's volatility does not depend on that event. However, these geopolitical tension are destabilizing the global economy, and this is putting pressure on capital flows and investor sentiment in the market. Meanwhile, Bitcoin is entirely dependent on cash flow and investor sentiment. So, it is not wrong to say that geopolitical conflicts have an impact on Bitcoin.

[davis196]

The so called "experts" can find a thousand excuses for the price dropping and the markets turning red. The financial markets are full with people and the people usually panic and sell, when they hear bad news and there's lots of FUD and "doom and gloom" prophecies.
The crypto market is in a state of bloodbath, the stock market isn't looking great, even precious metals dropped a bit. Enjoy the bear market and keep waiting for the dip to buy BTC at a low rate. I agree with one thing, Bitcoin is not a "safe heaven asset", BTC is a highly volatile speculative asset. Maybe Bitcoin will become a safe "heaven asset" in the future. The CLARITY Act being postponed by the US Congress also contributed for the BTC/crypto price drop.

[tygeade]

the point is, whether we like it or not, it does not matter. Even if we do not want Bitcoin to be connected to politics, there is no way to prevent it from happening.

What affects Bitcoin is not the tension between Iran and the US, and Bitcoin's volatility does not depend on that event. However, these geopolitical tension are destabilizing the global economy, and this is putting pressure on capital flows and investor sentiment in the market. Meanwhile, Bitcoin is entirely dependent on cash flow and investor sentiment. So, it is not wrong to say that geopolitical conflicts have an impact on Bitcoin.

What matters is that bitcoin itself is untouched by politics, the price of it can be, but the coin itself won't be. They can't "ban" its existence, they can only ban you trading it for example, that's important. And the price is fine, we had fights in Russia, Ukraine, Israel, Palestine, Yemen, and many more places all around the world and price has gone up and down during all of those times and yet it recovered.

Like during the first days of Russia vs Ukraine, price crashed hard, and then it did all time high eventually. As we can see, we care when the news first breaks but then we do not care about it at all and just focus on something a lot better which is going up. None of these "news" matter to us for long term.

[Alpen]

I am referring to Trump in the topic title that bitcoin should not be politicized.

I have just watched a discouraging news not quite long, the news was about bitcoin price that is crashing.

The first thing that I did not like about the news is that they said bitcoin price is falling because of geolocation political tension like United States and Iran tension.

The second thing in the news is that people thought bitcoin is a digital gold but it is doing the opposite. Have they forgotten when war started between Russia and Ukraine that bitcoin price fall a little but increased back very fast the same day. Bitcoin was less than $25000 at that time. Bitcoin still follow the 4 year cycle but people are falling to understand and they are telling people bullshit on the news.

If we are in bull market, do they think what is happening between United States and Iran will be the reason bitcoin will fall like this.

This is how people also thought bitcoin fell during COVID 19 which some people are still saying till today.

When would be the time they will realize bitcoin is not like this and that bitcoin is a store of value. Maybe they will know by 2028 but I know people, some of them will still not understand but carry fake news about.

If we set politics aside and look at it strictly from an economic perspective, the growth of any asset is driven by investment inflows. Looking at market history, it’s clear that retail capital only had enough steam to push the crypto market cap to $1 trillion. It was the massive institutional flows that drove it to $3 trillion.

Institutional players entered on the premise that Bitcoin would be fully embraced by the world’s leading economy—the U.S., where the bulk of global capital resides. Yet, a definitive legal framework that would allow for unhindered operation is still missing.

On top of that, there’s a technical concern: developers have yet to reveal a clear roadmap for quantum resistance. The moment Google launches a viable quantum computer, I wouldn’t give a single cent for Bitcoin.

[Majestic-milf]

But the point is, whether we like it or not, it does not matter. Even if we do not want Bitcoin to be connected to politics, there is no way to prevent it from happening.

What affects Bitcoin is not the tension between Iran and the US, and Bitcoin's volatility does not depend on that event. However, these geopolitical tension are destabilizing the global economy, and this is putting pressure on capital flows and investor sentiment in the market. Meanwhile, Bitcoin is entirely dependent on cash flow and investor sentiment. So, it is not wrong to say that geopolitical conflicts have an impact on Bitcoin.

I agree to this but what I'm wondering about is will the price of Bitcoin automatically shoot up if the tension between these two countries reduce, I mean this is not the first time nations are not seeing eye to eye so why's this one so important? Anyways, let's just hope everything gets calm because frankly the drop in price is so worrisome. I'm surprised we're not hearing of cases of people doing weird things in reaction to this situation like we heard last year October.

[Alpha Marine]

However we want to play it, we can't deny that political and economic event affects Bitcoin. A conflict between the US and Iran can affect Bitcoin. I'm not saying that is what is affecting it now, but it can affect it.
The people and businesses that are affected by those political policies make decisions that can affect bitcoin.

If a geopolitical event makes companies start selling their bitcoin to get money to invest in a particular place or asset, that might cause a ripple effect in the market because of FUD, and we might get a dip from that.
Saying a political event affects bitcoin does not mean we're politicising it.
Stuff like a pandemic, recession, wars, change of government can all affect bitcoin.