Topic: Biden team shift their tones on Bitcoin & cryptocurrency market (Read 243 times)

The increase in price is based on money inflow!
All your applause, meme, decentralization, everything doesn't mean a thing if there isn't money coming in!

We had an US ETF approval the price skyrockets, we had a HK and a Brazil one nobody cared!
If Biden and the democrats would have been against crypto wouldn't have state-wide approval for everything related to crypto nor would the US dominate everything related to Bitcoin, from LN channels to mining!
That's what I'm saying!


So a bill proposed by the SEC was good?
I'm willing to bet you have no idea what that bill was in the first place, no wonder you didn't mention it once before!

Yes, putting more rules around Bitcoin investing--and making Bitcoin investments safer for everyday, mainstream investors--will help increase the price of Bitcoin. This is a very good thing for the market.

I realize that lots of us "hardcores" here on Bitcointalk don't think that way, but  we're not the ones responsible for Bitcoin being at the price level it is at, either. For Bitcoin to maintain these levels, the investment must be safe for average consumers.

Unless you want another FTX fiasco--and look what that did to the price of Bitcoin!--you should support more oversight into the Bitcoin market.

Do you mean the increase in bitcoin price is entirely based on the US government? We are proud that bitcoin is the only decentralized asset in the world and its value is determined by supply and demand, while you say the Biden administration is responsible for the increase in bitcoin price? And we must thank them and continue to support them, otherwise we won't have any more bull seasons? As some others have said, bitcoin was created in 2009 and has had many bull seasons before that. So all those bull seasons were also created by Biden? LMAO.

In recent news, on May 31, President Biden also vetoed the SAB 121 bill. Do you think this is one of the many good things Biden is bringing to cryptocurrency?



https://cryptoslate.com/biden-vetoes-resolution-to-overturn-of-secs-controversial-sab-121/

But I do.

His administration  just wanna arrange everything back to order, including crypto

Trump as referred to crypto is more unclear as  I think he commonly  calls an audible depending on the profit he takes at this moment.

What we can ask for? they will say what their people really need but are they going to fulfill those promises that they've said during the campaign? I don't think so, maybe some will be able to fulfill that once they're on the seat but not at all. Well, just gonna good luck all the citizens of the United States of America and they need to be wise with who are they going to vote. Too many things are happening on this world already and we still have 5 months for the election and I hope that no world war will happen before that.

I am a newbie, how do I post on the website? Can someone teach me?

It's politics, you play your cards right and you befriend the right people at the right time and you will be able to make a big win, they knew that the crypto community is a really neutral group and they know that whatever they offer as long as it's a good thing for the community, that's where most of the community will be and I think that's just a normal thing with politicians running for office, I know that they don't keep their promises, after all, what matters is that we voted for them hoping that they will do good on their promise but that seems to be not the case. You can't trust any administration that's ambiguous at best when it comes to topics that are cryptocurrency related, they will just say whatever they want us to hear after all.

Biden is such a snake. Him changing his perspective and approach on bitcoin just right before election is clearly a pr move. An attempt to gain back the support of crypto enthusiasts but he should have implemented laws that supported crypto if he was really in support of it.
You are not at all wrong lol. These politicians are so easy to read.

Personally I don't trust politicians especially on what they personally tells people during speech unless being implemented. Anyways, since it was all about for the good of us crypto enthusiasts I think this has positive effects on us and yeah considered as good news for me. They are now targetting the crypto people in the hope of getting our attention especially US citizens for the elections I could be wrong but who knows? 😅

The last BTC bull run started during Trump's presidency (2020). Many people comfortably "forget" this fact. I won't even mention the even more impressive 2016-2017 bull run which also happened during Trump's presidency... you guys need to stop using silly arguments that don't even prove your pro-Biden point.

It doesn't matter who was the president in 2021 (in an parallel universe it could have been Trump and it wouldn't have stopped the bull run).

It's asinine to insinuate that a president (no matter who it may be) can influence a decentralized currency that much... unless BTC is centralized and we don't know it. Is that what you want to believe?

I get it, woke folks/purple-haired Karens are triggered in case Trump gets elected again, but this isn't a fair criticism towards him.

A fair criticism IMHO would be a potential financial meltdown in 2027 when China invades Taiwan. The US economy/stockmarket (Apple, Nvidia, AMD etc.) is highly dependant on TSMC (they're building new bleeding edge fabs in the West and Japan, but they won't be ready until 2027-2028). Imagine if Nvidia stock plunges by 99.99% in a single day due to disruption of supply chains.

If Trump is the next president, he will get all the blame for starting WW3 and triggering hyperinflation in the entire world (which is going to ruin all fiat currencies -including USD- and bring CBDC as a "New Deal").

But regardless of presidents (they're all WEF puppets), it's the Deep State that actually dictates if WW3 starts or not and you guys keep wasting energy about who is the best puppet/frontman in a faux democracy.

Bitcoin in itself is not political and so should not be used as such.

However there are some factors that could really affect bitcoin even if it is political. Like if there are wars or any kinds of tensions between political parties or geopolitical issues. That could lead to a rise or fall of bitcoin’s price. It’s also political if regulations and laws about bitcoin are talked about so expectedly we can see bitcoin being affected by that.

I am not a fan of politicians talking about Bitcoin. The more they know about what Bitcoin can offer, the more they will reject it. The coming period will witness economic wars between the United States, China, Russia, and Bitcoin, and Bitcoin’s entry into the political battle between these countries will not be beneficial. Bitcoin seems less sensitive to political variables, which is a positive thing because it can be a candidate for a safe haven, but if it is affected by political variables, it will be closer to stocks than gold.

Why is price increasing an argument in favor of the democrats? Bitcoin price also increased when Trump was president, even more than 500%. Does that make republicans "good" for Bitcoin? And since when the US is the sole arbitrator of the price?

This barely has anything to do with democrats. BlackRock saw the opportunity for an ETF, and it got it issued. It could have happened under Trump's presidency.

I'm not suggesting that republicans will be any better, but there's clearly a hostility. They have tried passing laws that attack Bitcoin like the ones which discriminate based on self-custody or usage of privacy enhancing tools. They have been funding blockchain surveillance companies using taxpayer's money etc. These policies are against Bitcoin, if I had to call them somehow.

You don't understand what he was trying to point out.

If democrats had been that bad for Bitcoin how did it increase 500% how did ETFs got approved, how did the US gain the majority of the hahsrate, how is it that the US dominates everything in terms of atms,node, businesses, and owners when Trumps argues the democrates are against Bitcoin.

Seriously, I want to see one argument that Democrats have made something agsint the princeples of Bitcoins and put it in the law.


What have they done?
They made possible the biggest bull run we had, a new ATH and record cash inflows.

Just because someone had a negative view of bitcoin or was indifferent towards it in the past does not mean they will continue to hold that view now or in the future. Even among today's bitcoin investors, many were skeptical about bitcoin when they first heard about it but are now bitcoin maximalists. Blakrock CEOs Larry Fink and Michael J. Saylor also have a history of being unfriendly to bitcoin, but now what? They are the holders of the most bitcoins in the world.

I'm not a US citizen and I don't care what the political situation is like there. From what I've seen, I just think Trump will be more crypto-friendly than what the Biden administration is doing towards crypto. During Biden's term, look what the SEC has done to us as they continuously attack the markets, from centralized exchanges to mixer services, and their next victims could be decentralized exchanges. I don't see anything good under Biden in power.

they race to win the presidency so taking the safer route to get votes will be what's best for the two. congress however are doing everything to submit bills that are not going to help the crypto holders. in time and whichever wins this election, they will still approve those bills like custodial wallets will be asking KYC to its users for tax purposes. in the end, it's just like saying something good for crypto but doing the exact opposite.

This news is very interesting and it shows us that both Trump and Biden are using cryptocurrency as a strategic weapon in the race for the White House. That shows that bitcoin and cryptocurrency are gradually becoming more popular and will play an important role in the world in the future.

It's not just me, I think we're all skeptical and don't believe what politicians say. But it is clear that if they do not fulfill their declared commitments and continue to find ways to prevent the development of bitcoin, will their government receive trust in the next term? So, I believe that no matter who wins, we will still benefit and the cryptocurrency industry will become more important. Can anyone think of a scenario where we will have a super bull cycle thanks to these catalysts?

Why are they seeking 'guidance' on crypto related matters now, does it mean they have they been regulating and attacking an industry that they do not fully understand? There is nothing to be excited about all this and it looks like a strategy to score a few points in the election that's coming later this year.

I feel some bitcoiners get too excited with news like this and i don't really know why, neither of the presidential campaign teams have said anything that bodes so well for BTC, and i am sure the way they view and understand BTC isn't going to change.

LMAO  

Bitcoin is created in 2009 and it has more than 500% up in many 4-year period so I can ask you a question, if in the last four years, the President of the USA. is not Biden, would Bitcoin have had 500% rise?

I don't know your answer but your post shows like you believe that rise is because of Biden. I say oppositely, Bitcoin can rise up 500% or smaller or higher than that with another President.  

Bitcoin price history, ATHs and bottoms.
Does Bitcoin price depend on USA. President in past cycles?

Naturally, when market cap is bigger, price will have less growth for each cycle so don't say in next 4 years, if Bitcoin has less than 500% increase, it is because of the next President even he can be either Biden or Trump.

Please don't say the same next 8 years with another President who will surely not be Trump and Biden.

Regardless of what the Biden administration had done to crypto, they can always take credit for the SEC allowing ETFs. They may get some votes still and make a fair competition with Trump for the crypto community. But both parties still can't be trusted, they however figured this election is crypto-based so they might as well change their stance for now before it's too late. This is where the world can see how politicians are just going to do the necessary in order to win.