Biden team shift their tones on Bitcoin & cryptocurrency market - page 2.

348Judah

hero member

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Quote from: Catenaccio on May 30, 2024, 06:25:44 AM

Biden team shifted their stance on crypto industry and it looks like a good news for this market. Can we trust that they will keep their promise if they become winners in the USA. President Election this year?

This is politics and what everyone here is considering is from the points that they will use to hit a blow against their opponent at the cause of the presidential race, uttered words can be renounced, if you once said yes, then later you can come back to say no, there is nothing bad in that, he wouldn't want that to be a big point over him from his counterparts, i want to believe they have realized the needs of the people under a decentralized system when it comes to financial economy and they think if they can as well uses that as part of their campaign awareness, with the total numbers of bitcoin users accepting their stand and voting for them, they can go by way far ahead their opposition party through the bitcoin network.

thecodebear

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Both presidential candidates are reaching out to crypto right now for one reason and one reason only: to get votes in this year's election.

For America's sake Biden NEEDS to win this election (I mean I really wish it was a different Democratic candidate, but since its not, Biden is the only hope for America again, just like four years ago). I don't think USA can't go through another round of Trump without breaking, and even if the country didn't full on break, another four years of Trump would be very horrible in every way imaginable and leave another round of deep lasting scars on the nation.

So it is very good to see Biden perhaps a little bit starting to change his tune on Bitcoin/Crypto. Because it means maybe some decent Crypto legislation will get passed this year, and of course it can help Biden grab a few extra votes. Sometimes political realities is the only thing that'll spur a politician to wake up and do the right thing, and this seems to be starting to be the case with Biden and Bitcoin/Crypto.

bitLeap

sr. member

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Should we be surprised? This narrative is only for political purposes so that it can be broadcast so I am not surprised anymore. Because after Biden became president, look at what he did, especially regarding crypto market regulation. As a superpower whose dollar must be considered to remain strong compared to other currencies, of course now the assumption that they are treated as if they are friendly needs to be questioned. This is nothing more than a political issue so that the Bitcoin community in particular feels that they have been given a platform for expression but in reality it is not, regulations are being tightened and it is considered a threat to the Dollar. I am not a US person but based on our views who also actively follow US news, we do not see a positive side to Bitcoin and Crypto during the Biden administration. Maybe I am misinformed, so please tell me is the regulation regarding Bitcoin really positive there?

legiteum

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Quote from: Iranus on May 30, 2024, 09:51:53 AM

I won't discuss politics here because we'll just try to say good things about the person we vote for and bad things about the other person. But what I see is that Mr. Trump was the first to speak out in favor of bitcoin and cryptocurrency, while the Biden administration is trying to imitate Mr. Trump after their crypto crackdown failed. Furthermore, in addition to being a politician, Mr. Trump is also a successful businessman, I believe he will do better in making our economy better.

No, before a few months ago Trump spoke negatively about Bitcoin. Read your history. He is only saying things about Bitcoin now because he thinks it can win him a few votes.

Donald Trump is absolutely not a "successful businessman", he's a spoiled heir to several billion dollars who lost half of his inheritance because he'd be twice as rich as he is now if he simply put his inheritance in the bank when he got it. He drove several companies to bankruptcy, including--get this--a casino! Trump couldn't even make a casino work!

Trump pardoned several criminals for the crime of ripping off his own supporters and his followers still love him for it. Trump promises therefore to steal from all Americans because he clearly likes stealing and he will not suffer any political downside from doing so.

Trump is promising, through his written policy documents, radical change to the US economy. If you've ever spent even a minute in a real business, you'd know that the last thing you want from the government when things are going well (e.g. Bitcoin going up 500% under Biden) is massive changes.

Trump promises chaos. Biden promises more of the same bull run we've been on.

Iranus

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Leading Crypto Sports Betting & Casino Platform

Quote from: legiteum on May 30, 2024, 09:38:55 AM

Bitcoin went up 500% under President Biden.

Trump will bring massive change and chaos to the American economy. He has promised to deport 5% of American residents, which will wreak havoc on our labor markets and send our economy into a tailspin.

Trump's history involves overt, blatant criminality that his supporters don't care one whiff about. He used his last time in office to enrich himself and his family to the tune of billions of dollars (not penny-ante stuff like the "Hunter Biden" thing), and his taste in the stock market shows that simply outlawing Bitcoin so he could replace it with a currency of his own (not the US government's, his own) would be perfectly in character and met with strong applause by his core voting base. This could send the price of Bitcoin to zero or something close to it.

Go with the safe choice that has profited Bitcoin owners these past years: Biden. No politician is perfect, but Biden is absolutely the best choice for Bitcoin owners.

So can you explain to me that in previous bull cycles like 2013, 2017 when Biden had not yet become US president, what was the reason why bitcoin increased in price and brought profits of 1000%, 10000%? The increasing price of Bitcoin is because its demand is increasing over time, and whoever becomes president of the United States in the upcoming term cannot stop the rise in bitcoin's price.

I won't discuss politics here because we'll just try to say good things about the person we vote for and bad things about the other person. But what I see is that Mr. Trump was the first to speak out in favor of bitcoin and cryptocurrency, while the Biden administration is trying to imitate Mr. Trump after their crypto crackdown failed. Furthermore, in addition to being a politician, Mr. Trump is also a successful businessman, I believe he will do better in making our economy better.

legiteum

member

Activity: 182

Merit: 47

Bitcoin went up 500% under President Biden.

Trump will bring massive change and chaos to the American economy. He has promised to deport 5% of American residents, which will wreak havoc on our labor markets and send our economy into a tailspin.

Trump's history involves overt, blatant criminality that his supporters don't care one whiff about. He used his last time in office to enrich himself and his family to the tune of billions of dollars (not penny-ante stuff like the "Hunter Biden" thing), and his taste in the stock market shows that simply outlawing Bitcoin so he could replace it with a currency of his own (not the US government's, his own) would be perfectly in character and met with strong applause by his core voting base. This could send the price of Bitcoin to zero or something close to it.

Go with the safe choice that has profited Bitcoin owners these past years: Biden. No politician is perfect, but Biden is absolutely the best choice for Bitcoin owners.

As03

newbie

Activity: 25

Merit: 0

They say what gets them votes, how can you even believe those democrats ? they lie all day.

NotATether

legendary

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bitcoincleanup.com / bitmixlist.org

Everyone extends olive branches to crypto when the price goes up but empty their rounds of bullets at it when it goes down. Who would've known? Roll Eyes

However, I still do not trust the Biden administration in regards to crypto. They still look like the kind of people who are ready to kill bitcoin privacy at any moment if they want to.

PS: Politicians usually don't keep their promises. It is well known.

Catenaccio

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Biden campaign ramps up crypto industry outreach in surprising tone 'shift'

This shift actually started recent weeks with SEC.'s stance on ETH Spot ETF applications from some companies. After many silent months, they contacted these companies and forced them to cooperate with SEC. for more consideration on those applications. Finally we can see SEC. approved ETH Spot ETFs and now we see something bigger.

Biden team shifted their stance on crypto industry and it looks like a good news for this market. Can we trust that they will keep their promise if they become winners in the USA. President Election this year?

I don't know, can not answer it now, I don't know about future but this shift shows that how disloyalty politicians are. Trump actually said different things about this crypto industry 5 years ago and only show his changes recent months that caused the Biden team have to react accordingly.

https://x.com/realDonaldTrump/status/1149472282584072192

Quote

I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....

Topic: Biden team shift their tones on Bitcoin & cryptocurrency market - page 2. (Read 243 times)