This article mentions the bitcoin is useless and this cannot be fixed by Trump

[Alpha Marine]

If the next president is a Democrat, we can be certain that it will be something similar to the time when our favorite uncle Gary was the chairman of the SEC heheheh. Regulation through enforcement tactics will be back and founders in the cryptospace will be having the risk of going to prison hehehehe. This will be headshaking.

Making it about democrat or republican is the issue. I don't even see how that has benefited Bitcoin. The republicans have not made Bitcoin better, nor have they increased its adoption. The difference between them and the democrats in this regard is that they have pardoned some crypto-related people who were charged by past administrations.

Even right now, there are still reports like the one you quoted. Reports and articles like that have been going on since, and would still happen 4 years later. That is not a ruling party thing alone.
For years, we've been trying to debunk the myth that Bitcoin is mainly used by criminals and that Bitcoin has increased crime by 50%. The stats have shown something differnent but they don't care. Both republicans and democrats criticse and spread lies about Bitcoin. Trump was not a democrat when he made the tweet about Bitcoin being a haven for criminals.

[bbc.reporter]

@Alpha Marine. This is not Republican vs. Democrat. This is about their policies on the cryptospace.

It also appears that you do not read the news. You need to do your research, I reckon. The Republicans under the administration of the Donald has been very procrypto and they are creating laws and regulations to make America the leader in bitcoin and blockchain.

The Democrats, leading politicians are full of anticrypto people like grandma Warren, grandma Yellen and uncle Gary because they serve their masters, these bankers of traditional finance.

It is very much similar to this anticrypto man Jamie Dimon in this news article. He is demanding a level playing field. Hehehehe however what is a level playing field for these people? They want to maintain the advantage because they are losing it hehehehehehehee!



JPMorgan CEO Jamie Dimon said banks are pushing for a "level playing field" with crypto firms, warning that stablecoins offering yield should be subject to the same regulatory framework as traditional bank deposits.

Read in full https://www.theblock.co/post/391990/jpmorgan-ceo-jamie-dimon-says-stablecoin-yields-should-face-bank-style-rules-calls-for-level-playing-field

[legiteum]

@Alpha Marine. This is not Republican vs. Democrat. This is about their policies on the cryptospace.

It also appears that you do not read the news. You need to do your research, I reckon. The Republicans under the administration of the Donald has been very procrypto and they are creating laws and regulations to make America the leader in bitcoin and blockchain.

The Democrats, leading politicians are full of anticrypto people like grandma Warren, grandma Yellen and uncle Gary because they serve their masters, these bankers of traditional finance.

It is very much similar to this anticrypto man Jamie Dimon in this news article. He is demanding a level playing field. Hehehehe however what is a level playing field for these people? They want to maintain the advantage because they are losing it hehehehehehehee!

Exactly. Bitcoin = Trump. Live with it.

(And if Trump and his party ever lose popularity then... look out below!  ).

[betswift]

@Alpha Marine. This is not Republican vs. Democrat. This is about their policies on the cryptospace.

It also appears that you do not read the news. You need to do your research, I reckon. The Republicans under the administration of the Donald has been very procrypto and they are creating laws and regulations to make America the leader in bitcoin and blockchain.

The Democrats, leading politicians are full of anticrypto people like grandma Warren, grandma Yellen and uncle Gary because they serve their masters, these bankers of traditional finance.

It is very much similar to this anticrypto man Jamie Dimon in this news article. He is demanding a level playing field. Hehehehe however what is a level playing field for these people? They want to maintain the advantage because they are losing it hehehehehehehee!

Exactly. Bitcoin = Trump. Live with it.

(And if Trump and his party ever lose popularity then... look out below!  ).

Then it will be a cycle of non-crypto. Then crypto administration again. The faces don't matter, it's truly about changing the face cards.

If demos do X, repubs do Y. Because they will do the opposites of each other most of the time.

[Wind_FURY]

Politics definitely do NOT have a major effect in Bitcoin's Bull/Bear Cycles. Because as long as the Federal Reserve and the rest of the world's Central Banks keep devaluing their currencies, THEN assets such as Bitcoin keep surging UP.

 

Those people are merely distracting you from learning the TRUTH. Bitcoin, ser, is a hedge against the legacy financial system.

[Catenaccio]

Politics definitely do NOT have a major effect in Bitcoin's Bull/Bear Cycles. Because as long as the Federal Reserve and the rest of the world's Central Banks keep devaluing their currencies, THEN assets such as Bitcoin keep surging UP.

 

Those people are merely distracting you from learning the TRUTH. Bitcoin, ser, is a hedge against the legacy financial system.

People try to link Bitcoin market, Bitcoin cycles with politics because by coincidence or intention, Satoshi Nakamoto set Bitcoin protocol with halving every four years and it happens in years with President Elections in the USA. It's hard for people to don't connect these events with each other, and see things happen on the market like effects from USA President Elections and political things around.

In general, I agree with you that in long term Bitcoin does its growth well while even in each market cycle, it does not depend too much on politics. Bitcoin Futures applications failed, there was bull run. Bitcoin Spot ETF applications failed in many years, there are still bull markets. Same with other things, Bitcoin can grow up well in long term and ignore all short term effects from politics.

[d5000]

I want to remind some of the participants of this discussion that the US inhabitants are making up only 4% of the world population.

Trump is irrelevant for the long term prospects of Bitcoin. He's only relevant for some ups and downs in price in the current era, because he (or his propaganda team) has managed to capture a lot of the attention market related to crypto, and it was probably one of the reasons he won the election. And Trump will also be history in less than 3 years.

In the long term, we can even say that the US is irrelevant for Bitcoin's mass adoption. Yes, they have a big GDP but that's mostly due to distortions in international commerce. China would probably be already bigger without these distortions.

[legiteum]

I want to remind some of the participants of this discussion that the US inhabitants are making up only 4% of the world population.

I'd counter-remind the same participants that the US makes up around 30% of the world's investment dollars, and all evidence currently points to most of the supply of Bitcoin currently being owned by US residents, and the majority of the Bitcoin hashrate is executed in the USA, and... many other factors. I'd further remind that the USA is today, by far, the most pro-crypto country in the world, and should that change it would send shockwaves to other countries in terms of policy.

Trump is irrelevant for the long term prospects of Bitcoin. He's only relevant for some ups and downs in price in the current era, because he (or his propaganda team) has managed to capture a lot of the attention market related to crypto, and it was probably one of the reasons he won the election. And Trump will also be history in less than 3 years.

I agree with this in the sense that the "era" is going to be about another 10 years:

Today: Bitcoin will continue to trade at a huge premium based on the support of Trump and his party.

2027: Bitcoin takes a 50% hit as Trump loses the midterm elections and thus loses partial power.

2028: Bitcoin takes an additional 90% price hit as Democrats, spurred on by American voters who are angry about what Trump did to the US economy, reject everything associated with Trump, including Bitcoin.

2028-2036: A long "crypto winter" ensues with interest retreating to "hobbyist" levels.

2037: Recovery?


The smartest thing to do right now is sell all of your Bitcoin and start buying again in mid-2029 or so when you can pick up whole coins for less than $1000...

[Wind_FURY]

I want to remind some of the participants of this discussion that the US inhabitants are making up only 4% of the world population.

Trump is irrelevant for the long term prospects of Bitcoin. He's only relevant for some ups and downs in price in the current era, because he (or his propaganda team) has managed to capture a lot of the attention market related to crypto, and it was probably one of the reasons he won the election. And Trump will also be history in less than 3 years.

In the long term, we can even say that the US is irrelevant for Bitcoin's mass adoption. Yes, they have a big GDP but that's mostly due to distortions in international commerce. China would probably be already bigger without these distortions.

  👍

Plus proof that Trump doesn't actually matter,

- Bitcoin will continue to chug along producing block after block DECADES AFTER he leaves the White House
- Bitcoin actually had the LOWEST Bull Cycle surge under his presidency which is supposed to be "Pro-Bitcoin"

Although they could use Bitcoin to launder their money.

That's NOT useless, and it could actually be USED by Trump.

[henry_of_skalitz]

I want to remind some of the participants of this discussion that the US inhabitants are making up only 4% of the world population.

Trump is irrelevant for the long term prospects of Bitcoin. He's only relevant for some ups and downs in price in the current era, because he (or his propaganda team) has managed to capture a lot of the attention market related to crypto, and it was probably one of the reasons he won the election. And Trump will also be history in less than 3 years.

In the long term, we can even say that the US is irrelevant for Bitcoin's mass adoption. Yes, they have a big GDP but that's mostly due to distortions in international commerce. China would probably be already bigger without these distortions.

  👍

Plus proof that Trump doesn't actually matter,

- Bitcoin will continue to chug along producing block after block DECADES AFTER he leaves the White House
- Bitcoin actually had the LOWEST Bull Cycle surge under his presidency which is supposed to be "Pro-Bitcoin"

Although they could use Bitcoin to launder their money.

That's NOT useless, and it could actually be USED by Trump.

Everybody would be able to do that, with or without crypto "focus" in the administration, but you are right.

Trump is just a phase. BTC is there to stay no matter what said phase would be in the minds of businesses and politics.

[Catenaccio]

Trump is irrelevant for the long term prospects of Bitcoin. He's only relevant for some ups and downs in price in the current era, because he (or his propaganda team) has managed to capture a lot of the attention market related to crypto, and it was probably one of the reasons he won the election. And Trump will also be history in less than 3 years.

Trump will have to leave the White House and even he has great legacy that lasts a little bit years later, eventually he and his legacy will be replaced by someone else as next Presidents and the nation will move on with new leaders and their effects as well as legacies.

People who focus on Trump are possibly want to do short term speculation with Trump policy and effects on Bitcoin. While if the other people focus on long term, they will know a fact that Trump has very limited time in the White House, and his effects even if there are such, won't last too long time. He can not ban Bitcoin forever or support Bitcoin forever, the other Presidents will do what are mostly wanted by the USA inhabitants.

Although they could use Bitcoin to launder their money.

That's NOT useless, and it could actually be USED by Trump.

Everyone can use Bitcoin, and everyone can use Bitcoin for privacy but wanting privacy does not mean money laundering. I understood what you said, but I don't like to use a term money laundering that sometimes can be used to attack Bitcoin users and assume all Bitcoin users are criminals.

[Rgram]

Exactly. Bitcoin = Trump. Live with it.

(And if Trump and his party ever lose popularity then... look out below!  ).

Would this equation still making any meaning to you when Trump finally leaves the office?
Are we going to have an equation that would “not equal to” when such a time comes in a couple of years?

The summation of Bitcoin is the totality of its supporters and those that adopt the Bitcoin initiative for its purpose and their individual uses. That’s what to live with and not that which you’ve proposed.

[legiteum]

Exactly. Bitcoin = Trump. Live with it.

(And if Trump and his party ever lose popularity then... look out below!  ).

Would this equation still making any meaning to you when Trump finally leaves the office?

Are we going to have an equation that would “not equal to” when such a time comes in a couple of years?

Yes, of course, "eventually" the Trump branding of Bitcoin will wear off.

Volkswagen was once associated with the German Nazi party, and today nobody thinks of them that way. It took about 20-30 years for that to fully wear off though.

Trump will leave office (in disgrace, most likely), and the world will hate all things Trump, and Bitcoin will be caught up in that for a number of years after Trump leaves. It's not like he can simply leave office and that will negate everything--that's not how brands work.

And if the post-Trump investigations reveal that Trump did a lot of his plundering using crypto, then the negative connotations will last even longer.

The summation of Bitcoin is the totality of its supporters and those that adopt the Bitcoin initiative for its purpose and their individual uses. That’s what to live with and not that which you’ve proposed.

That's a nice fantasy: to believe that any one of us has the influencing power of the combination of Trump and the US government--or even to believe that several million of us do.

And while I talk about "brands" here like we're talking about an ordinary product in the free market, that's not the whole story. In 2024 the crypto industry bought the US elections and they bought government power to use force in order to drive the price of Bitcoin up. In other words, to compel taxpayers to prop up the price of Bitcoin with their money. The backlash is quite likely, therefore, to also involve government force, i.e. making Bitcoin illegal or more difficult to invest in, etc. So it's much more than just popular sentiment.

In other words, we're not just going to lose Trump's cheerleading and business pumping of Bitcoin, we're likely going to see politicians, eager to show voters how "anti-Trump" they are, actively denigrating the price of Bitcoin for many years after Trump leaves the scene*.

That's why I think Bitcoin's bottom will occur around 2029. The best thing to do right now is to sell, and hold your money in some stable asset like land, and then buy in 2029...


(* My own bet on PolyMarket is Donald Trump Jr., and if that happens then the timeline above will get dragged out at least another five years).

[bbc.reporter]

@Alpha Marine. This is not Republican vs. Democrat. This is about their policies on the cryptospace.

It also appears that you do not read the news. You need to do your research, I reckon. The Republicans under the administration of the Donald has been very procrypto and they are creating laws and regulations to make America the leader in bitcoin and blockchain.

The Democrats, leading politicians are full of anticrypto people like grandma Warren, grandma Yellen and uncle Gary because they serve their masters, these bankers of traditional finance.

It is very much similar to this anticrypto man Jamie Dimon in this news article. He is demanding a level playing field. Hehehehe however what is a level playing field for these people? They want to maintain the advantage because they are losing it hehehehehehehee!

Exactly. Bitcoin = Trump. Live with it.

(And if Trump and his party ever lose popularity then... look out below!  ).

I disagree on your assessment, however yes, the Donald has done much good things for legal infrastructure and the future adoption it might create on the American side of the cryptospace.

In any case, on if the next president is a Democrat, after reading this article I predict that the next secretary of treasury will be uncle Gary.


The cryptospace's favorite uncle. Gary Gensler

Sanctions evasion dominated crypto-related illicit finance last year, with state actors including Russia, Iran and North Korea driving a surge in activity, Chainalysis said in a Thursday report.

Sanctioned entities received at least $104 billion in cryptocurrency, an almost eightfold increase on 2024, pushing total illicit onchain volume to a record $154 billion. The findings show how heavily sanctioned states are integrating cryptocurrency into national financial strategies to bypass traditional banking systems.

Read in full https://www.coindesk.com/business/2026/03/05/sanctions-evasions-using-crypto-increased-by-700-in-2025-chainalysis

[legiteum]

Sanctions evasion dominated crypto-related illicit finance last year, with state actors including Russia, Iran and North Korea driving a surge in activity, Chainalysis said in a Thursday report.

Sanctioned entities received at least $104 billion in cryptocurrency, an almost eightfold increase on 2024, pushing total illicit onchain volume to a record $154 billion. The findings show how heavily sanctioned states are integrating cryptocurrency into national financial strategies to bypass traditional banking systems.

Read in full https://www.coindesk.com/business/2026/03/05/sanctions-evasions-using-crypto-increased-by-700-in-2025-chainalysis

Very interesting. Today, most Americans don't take foreign policy very seriously, as as such probably don't take sanctions--and thus sanctions evasion--very seriously. That too could change if we suffer an attack that actually impacts the lives of Americans (if the price of gasoline goes up for example).

What's also interesting is that they are NOT using Bitcoin anymore to do all of these illicit transactions, they are using stablecoins instead. So I guess Bitcoin is useless after all  .

[shinratensei_]

Politics definitely do NOT have a major effect in Bitcoin's Bull/Bear Cycles. Because as long as the Federal Reserve and the rest of the world's Central Banks keep devaluing their currencies, THEN assets such as Bitcoin keep surging UP.

 

Those people are merely distracting you from learning the TRUTH. Bitcoin, ser, is a hedge against the legacy financial system.

For some reason some journalist are very keen to label bitcoin as political tools or some sort, forcing it and labeling it as a political tool for certain side. Right now they are so keen to label bitcoin as trump and conservative toy.
This is just a ploy to degrade the value of bitcoin and like as you said to distract from learning the real use case of bitcoin.

Bitcoin don't have political aligntment and is actually a tool for hedge against inflation regardless of political ideology. If people actually spend enough time learning about it they'd immediately know that there's no such thing as political alignment with bitcoin.
It's for everyone.

[bbc.reporter]

Sanctions evasion dominated crypto-related illicit finance last year, with state actors including Russia, Iran and North Korea driving a surge in activity, Chainalysis said in a Thursday report.

Sanctioned entities received at least $104 billion in cryptocurrency, an almost eightfold increase on 2024, pushing total illicit onchain volume to a record $154 billion. The findings show how heavily sanctioned states are integrating cryptocurrency into national financial strategies to bypass traditional banking systems.

Read in full https://www.coindesk.com/business/2026/03/05/sanctions-evasions-using-crypto-increased-by-700-in-2025-chainalysis

Very interesting. Today, most Americans don't take foreign policy very seriously, as as such probably don't take sanctions--and thus sanctions evasion--very seriously. That too could change if we suffer an attack that actually impacts the lives of Americans (if the price of gasoline goes up for example).

What's also interesting is that they are NOT using Bitcoin anymore to do all of these illicit transactions, they are using stablecoins instead. So I guess Bitcoin is useless after all  .

If the Iranians chose the Euro for moneylaundering instead of the American dollar, will this imply the dollar is useless?

Hheeheheh however, if you want your reply to cause the bitcoin maximalists to be triggered, I reckon you should try much harder hehehe.

[legiteum]

What's also interesting is that they are NOT using Bitcoin anymore to do all of these illicit transactions, they are using stablecoins instead. So I guess Bitcoin is useless after all  .

If the Iranians chose the Euro for money laundering instead of the American dollar, will this imply the dollar is useless?

Both the dollar and the Euro have other uses (mostly as a measurement mechanism). You don't use a currency per-se for money laundering, but rather a mechanism to move and/or hide money. I get what you were trying to do there but I don't think it worked.

[...] however, if you want your reply to cause the bitcoin maximalists to be triggered, I reckon you should try much harder hehehe.

It's like shooting fish in a barrel with those snowflakes, trust me .

[Judith87403]

The article reveals a solid skeptical reasoning that has been in existence since the beginning days of Bitcoin. The focus of critics is always on volatility, scams, and failures of the past such like FTX to make their argument that crypto does not have real economic value. Those concerns are not baseless totally, as the organization has been attacked by fraud and bubbles that are all speculative.

Nonetheless, the claim that crypto is pointless is ignoring the growing use it has in cases such like payments cross-border, decentralized finance, and it's role playing as a resistant to censorship storage of worth. Adoption by institutions, ETFs, and some governments has made strong the debate of legitimacy over time.

Briefly, the article stands for one side of a long-standing ideological divide among traditional economists and those supporting financial systems that is decentralized.

[henry_of_skalitz]

If the Iranians chose the Euro for moneylaundering instead of the American dollar, will this imply the dollar is useless?

*snip*

It would be another win for those trying to find "cracks" in BTC