Topic: Biden and Cryoto - page 7. (Read 1149 times)

Actually, I think the USA govt thinks of crypto as a threat to their economy. Becasue if crypto became the first payment system then they will lose their kingship over the world economy. As we all know trump was a anti-crypto minded but I think Biden will be more tolerated than Trump for crypto space. But It doesn't matter. Crypto is a decentralized space and it will prosper in anyway.

You can't rule out policies from business, as there is an interwoven relationship between the two.

Wether decentralized or centralized, change in political landscape can change the ordinances of things.

Especially, when it is the politics of the most powerful country in the world.

We coule only get an irrelevant answers to the question because as we expected the new administration is prioritizing on the pandemic problem and not the cryptocurrency. Maybe we can hear good news after some time or when this pandemic will going to end. Hopefully soon because I think most of us missed the old normal and not this new normal which is not very pleasing and all are following protocola as mandate by the health organization to avoid the spread of the virus.

At any point in life we still need people in our space. The axiom "A tree doesn't make a forest" lays credence to this fact. The above people you mentioned can still speed up or delay the progress of Bitcoin despite it being a decentralized crypto. It's the same way its progress has been delayed so far because Trump bashed it. Imagine if Trump supported it, don't you think a lot of people (billionaires inclusive) would've keyed in and bought? A community crypto needs people to grow and Bitcoin is one. However, I don't think Biden will want to promote Bitcoin. He would rather play safe except he is beaten into it by the crowd because he seems someone who will want to dance to the tune of the crowd. Biden looks more like a puppet to me than a real deal.

Trump or Biden may not be very relevent as far as crypto goes. US Presidents traditionally appoint those with backgrounds in banking to key posts determining financial and economic policy. Some called Trump a sellout in 2016, after he appointed bankers to treasury secretary posts, the same as Obama did. Trump has often proclaimed his intent to drain the swamp. While following some protocols which are endemic to the swamp. In 2008 there were questions raised about then treasury secretary Henry Paulson having received a $40+ million dollar bonus as former acting CEO of goldman sachs. Some questioned whether there could be a conflict of interest present with past bank CEOs who received large bonuses, serving in key government positions of US economic and financial policy. All of this has seemingly become culturally normalized. No one seems to question it any longer.

Suffice it to say that there were no large deviations or discrepansies which contrasted financial and economic policy in comparing Trump's administration to Obama's. Not much contrast aside from Trump era tax cuts and a few other policies. Obama made an attempt to legislate significant financial reform on banks early in his 1st term. Which resulted in democrat candidates running for office having their campaign funding cut. This dearth in funding allowed republicans to retake the senate or house. Or both. I don't remember 100%. That historical precedent could prevent any elected US President from making a real effort to pass financial reform, the way Obama tried.

biden wins the presidency but trump doesn't want to concede, but no law to concede. trump may vacate the white house quietly next year.
 anyway, whoever is the current president, will not make a significant impact unless as you said they will give a direct support to bitcoin or crypto. and i dont think they will give such direct standpoint when it comes to cryptocurrency.
on the other note, bitcoin is continuously enjoying the market price increase as we are more than 15k level now. guess adoption is really growing these days. and some people are now openly saying they have btc stash like druckenmiller, a billionaire hedge fund investor. certainly, he's not the only one out there, i bet there are more of them still silent with their crypto stash

https://www.coindesk.com/druckenmiller-invests-bitcoin

Is there a final result with the US election because it looks like there’s a chaos on-going. Anyway, Bitcoin continues to grow and that is not because of Trump but simply because many are slowly adopting bitcoin and if there’s a new administration, same thing will happen not unless the new president will make a statement about fully supporting Bitcoin then expect the price to grow more.

While Bitcoin is a decentralized currency, it is still used by people

Therefore, its prosperity totally depends on the people who are involved with it (read, it is both Biden and Trump in the given context). You simply can't get around this simple fact of life. As it stands, Bitcoin's success is not written in stone at all, and if people lose interest in it (for whatever reason), its days are numbered as is the case with pretty much anything out there. Why people might choose to abandon it is a different question, but it is entirely possible

That is a major advantage that makes bitcoin the coin for investors who like being independent. Being decentralized makes it not to be anybody's business, currency or point of regulation. Obama, Trump, Biden and who next? won't have control over it but they can make hate speech like Warren buffet 

Trump administration made it clear to be anti crypto and don't want anything to do with it in their system. It's Us, their views are still the same. Biden doesn't own America either, doesn't rule it alone, he didn't put him self in the office but people did and the same people has been agitating for non cryptocurrency system but their bias traditional finance system.
All he can do, in my opinion is to relax the rules or cut some harsh regulations but believe me, they wouldn't want to legalise cryptocurrency as financial instrument and store of value.

Globally, i share with you this opinion. OP maybe want to discuss about crypto adoption in USA in specific with a new president (only two precedent presidents had to deal with crypto).
American policy toward every thing despite who is the president and what he really wants. The president himself express the policy vision of a whole party behind it. Today, the situation of crypto market in the USA is much better than the majority of countries considering how much authority forbid the use of crypto.

Let me be specific to only bitcoin, Biden or no Biden, Trump or no Trump, bitcoin will always prosper. Its prosperity is not in the hand of anyone because it is not a centralized currency, it is completely decentralized and open source. People are getting to know it and embrasing it. Let us just expert more prosperity for bitcoin as it is becoming the first truly sovereign currency.

How do we speculate if bitcoin and crypto shall prosper under the Biden administration than it does under Trump administration.

What are your views?