Topic: Article on future US president competing with Bitcoin & crypto (Read 319 times)

The percentage of holders can not guarantee his wining,I think he should focus on some other things to gain the people's support .  Whichever way it is, bitcoins is beyond the dictates of the government, all they can do is to impact it either positvely or otherwise.
Let's not build too much hope on such manifesto , if he wins, good luck and if he doesn't , all the best . Just keep the head and make use of opportunity at the right time

Yes, many think Trump will improve Bitcoin prices for now.

But all that would demonstrate is the power of a few words from the US president.

Now imagine that instead of a few words, Trump uses a lot of words.

And now imagine that instead of being in favor of Bitcoin, he's against it "because it doesn't have [insert meaningless stuff here] like Trump's coin does" (he will say), "so Bitcoin should be illegal and the only safe thing to buy is Trump's coin", etc. In other words, imagine Trump using all of his power--the power of the US government--to pump up his coin and thus denigrate Bitcoin.

A few dozen billionaire crypto whales have gone all-in on Trump and in doing so have largely associated Bitcoin with Trump (which is a really terrible thing for its long-term brand btw). But this is a double-edged sword.

While Bitcoin had its roots in libertarian principles, things have reversed themselves and now a lot of the community is calling for active government help to pump the price. Somewhere along the way they forget that, once you invite the government into your business, there's no getting it out.

Crypto Markets Rally on Donald Trump 60% Odds, Adds $2.2 Billion Inflows
Donald Trump currently leads with 62.1% odds against Harris’s 37.8% in the upcoming US election. This growing confidence in a Republican victory has driven optimism within the crypto market. Consequently, the market has seen a surge to $2.2 billion inflows. The recent rally marks the largest inflow since July, with traders expecting favorable regulatory conditions under a potential Trump administration.

Investors are increasingly betting on the likelihood of more crypto-friendly policies, with Donald Trump perceived as supportive of digital assets. Most recent Polymarket data shows Donald Trump leading with 62.1%, a 2.1% increase, while Kamala Harris trails with 37.8%, dropping by 2.3%.

In addition, Bitcoin investment products were the primary beneficiaries of these inflows, adding $2.1 billion to the total. The increase in demand is attributed to both rising optimism in Donald Trump’s election lead and BTC price appreciation. Similarly, Bitcoin funds saw significant activity, while short-Bitcoin products also gained $12 million in inflows, the largest since March.

source link

What establishing a family crypto business with their own token does is it shows that Trump doesn't really care about Bitcoin. He is a capitalist, a very rich and influential person. And he wants to get even richer and even more influential. The Washington Post is right to highlight various conflicts of interest when it comes to Trump as a businessman and as a potential President. He can use power to push family businesses forward, including their crypto project. I still think he won't be able to overpower the US institutions and Bitcoin, and I think Bitcoin will remain #1. But these intentions are not Bitcoin-friendly to me.

Have you seen Trump speak in the last year? He's incoherent and talks in babbling word salad. They will use the 25th amendment to retire him from office early if he wins because he can barely complete a sentence.

They have their own reasons, but Biden is already old to handle such position. He had been getting worse. Trump though has still the energy and is able to do this duty. I believe he has still something to prove that he didn't do during his previous term. Hence, he is adamant to run again for this position. Maybe, if his people will let him implement the programs he wants, there will be better outcome rather than spending more time defending himself to the hearings and all.

Smart doesn't matter: Musk has also been very reckless in his actions all of his life. His success has made him arrogant to the point where he believes that every feeling he feels must be ingenious and true. That works great until it doesn't.


He is... lying. He is just acting on a stage here, saying what he thinks he needs to say in order to get Trump elected. You really can't take the words of somebody like this at face value.


Trump will dump him the minute he wins, just like Trump dumped so many before Musk. Trump's core voting base likes gas-powered cars and they don't like rich people--but they are sophisticated enough to take Musk's help in the campaign in order to gain power.

I don't know what Musk is thinking, and in my experience in life, when that happens, my assumption is that the person is not thinking at all. The Occam's razor explanation here is that he is doing this on a whim because his daughter's ultra-lib school pissed him off. Everybody wants to imagine there is some deep and ingenious plan here, and maybe there is, but there's no evidence of that. It's more likely he's doing this because it felt good to do one day.

Isn't Elon Musk smart enough to think about those risks? I watched Elon Musk's interview with Tucker Carlson where he said that he would go to jail if Trump didn't win. I don't know what happened behind the scenes for Elon Musk to be sure that Kamala Harris would send him to prison but he tries his best to increase the number of voters for Trump.
If I amn't wrong, many people want Elon Musk as President but since Elon wasn't born in the USA, he can't be and he tries to do something through Trump.

To be fair, I don't understand why Trump wants so much to win, as well as I don't understand why Biden wanted to become a president at his age. Trump is old, he should leave space for a young, smart person.

Trump is the best example of a true scammer. He abused the stupidity of Americans to come out of nowhere and become the president and fill his pockets in those 4 years (among other things...). He now sees more stupidity and he is capitalizing on it once again.

I don't know about you guys but like to blame the scammed not the scammer in situations like this

Most idiotic summary I ever heard in a long time. If Trump is midas of crypto, then his NFTs he started selling back then would have been worth a hell lot more than BTC now

Also, Trump sounds so much like Biden now I'm surprised you can read a press release and believe he actually said those things and meant it.

Trump isn’t going to try and replace Bitcoin with his own shitcoin. He is beholden to his donors to some extent and the crypto bros wouldn’t be pumping money into his campaign and businesses if they think he is going to destroy their industry. Trump’s crypto-related grifts can only be successful in a bullish environment. It does him no good to try and hurt Bitcoin and turn many of his supporters against him.

1. Bitcoin is not banned in China for individuals to hold and buy, only banned for banks to hold on their balance sheet.

2. There's no chance that China's people buying more Bitcoin could possibly make up for the lost demand from the US consumer investor market, which is gigatic.

There is no "eventually" for a product that has been banned or otherwise kneecapped by the US government.


People don't use Bitcoin for what it was intended today: almost nobody uses it as a way to transact with the government knowing about it. Almost all holders of Bitcoin these days use it as an investment.

And $10k? After the product is banned in the USA? That would be a dream. $100 is probably more like it--especially since Trump would offer his own currency as a replacement for investors, which would have the full backing of the US government.


I agree, but that was before the US elected a convicted felon who is in the business of competing with Bitcoin.



Unimaginable? Here, I'll imagine it for you: Congress passes a law saying that Bitcoin is taxed at 25% per year. Do that, and all Americans are "convinced" to dump their Bitcoin. (And go ask the several thousand industries from the past that got screwed over because Congress changed the tax code if they think this is all so far fetched).

Nobody can control Bitcoin*, but driving the price down by 95% could be done in one day by the US government, so some criminal US president that finds it in their own personal financial interests.

(* Unless the president orders the FBI to raid the three US companies that control over 50% of the Bitcoin hashrate and orders the core devs under threat of prison to fork Bitcoin core and declares the old fork illegal--at which point, yeah, the US government would control Bitcoin)

Sure, there would probably be some panic, that's just how market psychology works, but it's all temporary. Eventually, the market recovers. Now, imagine if the U.S. banned Bitcoin, but at the same time, China, one of its closest rivals, lifted its ban. That could actually help the market bounce back.

It wouldn’t be the end of Bitcoin either. Even if the price drops, as long as people can still use it for what it was intended, it’ll survive. Even if Bitcoin falls from $69k to $10k, it’s still around and doing its thing.

But honestly, the scenario you're talking about is hard to picture. The U.S. has been pretty supportive of Bitcoin, especially with encouraging institutional investors to get involved in the market.


But this is different--Bitcoin isn’t controlled by the US (or even Trump if he wins). So, don’t expect them to just convince people to sell their Bitcoin and switch to Trump’s coin. That’s just beyond imaginable! Bitcoin’s power comes from being decentralized, and no one can really control it.

But have you seen what Trump does to his "friends"? There are literally hundreds of former associates of Trump right now campaigning for Harris, calling him a dangerous threat to the US and to world peace. The reason is that Trump deals with people like Musk the same way he has dealt with the women in his life: transactionally. In other words, he gets what he wants out of the person and then dumps them.

If Trump wins, Elon Musk will learn the hard way that control of the US government is infinitely more powerful than his mere "money". Along with Bitcoin, Twitter is another platform that will be in Trump's way, and therefore may find itself on the wrong side of US regulators and regulations whereas TruthSocial will coincidentally be perfectly compliant. The CPC in China has been doing this to tech companies for decades now, and Trump could easily learn how they do it.

He won't be competing with X because Elon Musk is his friend but I believe that Trump and Elon will together promote Trump's coin. Elon Musk successfully promoted shit dogecoin and fooled millions of people, so he will do it this time, especially now that Trump has his supporters and fanbase.
He speaks what his audience wants to hear. Why is it so hard to understand that a Billionaire, who wants to earn more billions and gain more power in his hand, won't take care of you? Why is it so hard to understand? Why are people so naive?

Silly right? Trump has done nothing yet to prove his alliance towards the Bitcoin community, his spoken words may but that doesn't clarify our doubts if he truly emerges will be as good as said.

I briefly just heard about the release of his project, that hasn't been going too well. If he wants more vote he should have focused more on the Bitcoin community than going after his own project. If the project fails then it creates more unfriendly  atmosphere if those who invested and loss will want to end up voting for him.

A man of industry and innovation he is, Legitium, or Unlegitium I ought to say!! Hahah jk m8 it’s all just good fun. This is a very pro trump thing to write your comments at the end which is unlike you. What’s gotten in to you lately Legitium are you starting to come to your senses and now will plan to vote for Trump? Miracles are possible l!

I believe it's just homonyms; the op might just mean quite the opposite, as we all know that if there is even a chance for Trump to survive, it will only last as long as he is still a bit relevant to his supporters.

If he wins the election, anything about him and his business will see some positive upward trend, even his coin, and once he is out of office, everything is likely to collapse.
 
Trump is directly promoting what he doesn't really understand all in the name of campaigning. Any sitting president on the US soil can only shake the price of bitcoin, but they can't kill it.

Why would the rest of the world take Trump and dump BTC?
If they dump BTC, I don't think the rest of the people who know more about how all these works will even buy Trump.

Trump voters don't vote for him because he is trying to develop something in the crypto space, it's all because people have had enough of the Bidens, they just want this nightmare to end.

The "community", in the US at least, will be subject to the laws of the United States just like everybody else in the US dominion. (And lest we forget, the US has enormous influence over financial operations all over the world--just look at the sanctions the US led against Russia).

Trump will be operating with an extra-legal mandate from his voters, and most likely a majority in Congress for his party. Just ask any Trump voters: they absolutely want him to be a dictator, not a mere politician. In the last four years Trump has bounced hundreds of Republicans, including very famous ones, out of office because they defied him. Congress, therefore, will almost undoubtedly do... whatever Trump says.

Don't get me wrong: I think it's also likely that Trump doesn't tell them to do anything because they aren't competent enough to figure all of this out. But he absolutely can squash Bitcoin in the US and pump his own if he wanted to.