Topic: Bitcoin with Political Endorsements (Read 344 times)
Bitcoin and politics could not work along because the two are different, one is centralized and the other is decentralized, although we can see some benefits from the association of the two together, just as we are having already on how bitcoin is going to help the career of some political elites achieve their ambition in politics, this is not because they are investors of bitcoin or that they have done some tangible efforts toward the development of the community, but because they wanted to be a beneficiary from what bitcoin can render to the society and see this as an avenue for them to achieve their own career with bitcoin, the same way bitcoin have changed many for good without them contributing anything to it.
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Has there been any time in the history of the US election that presidential candidates are discussing or giving promises about the crypto industry? This is not only about Donald Trump; it was rumored that Kamala Harris was billed to be a keynote speaker at the Bitcoin Conference, but she later decided not to attend. Cryptocurrencies might not be as powerful as immigration, foreign policy, climate change, abortion, and LGBT rights, but it is an emerging force in the economy of the US. Politicians also know that most people in the US own crypto, and this ownership might determine their choice of candidate.
Crypto has a capitalization of nearly 3 trillion and a trading volume of nearly 100 billion USD per day, so it can be said that it is already a part of the world economy, not just in the US. Cryptocurrencies have a significant user base and support worldwide and it is an emerging topic in our world. And I also agree with you that this is the first time in US election history that cryptocurrencies are mentioned but I would disagree when you say that it is a key factor. Yourself admit that it is no bigger than issues like immigration, climate change...
Votes from the cryptocurrency community will help increase the candidate's chances of winning because each vote opens up another chance to win for them, so they are taking advantage of everything to seek each vote one by one. But it would be inaccurate to say that votes from cryptocurrency investors played a pivotal role in deciding the outcome of the election.
As the U.S.A. election day approaches.
Different politicians have their different flowery plans and words just to get the people's hearts.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
What are your thoughts on these developments?
Different politicians have their different flowery plans and words just to get the people's hearts.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
What are your thoughts on these developments?
We should know that no matter what happens in the campaign field or at elections and after declaring the winner of the polls, a politician will still remain a politician. I do not really hold politicians to their words because they are chameleons and can not be trusted to whatever they have said during their campaign because at that point of campaign, they can tell you that the sky is green and you will have no option than to believe it.
It is normal that politicians have endorsement likewise political parties as well and at all cost they would be very much on ground to making sure they and their candidate wins.
Bitcoin popularity and growth has no tie with politicians, political parties or position. But however, the Bitcoin community have attached Bitcoin price increase to political powers for some certain reasons which includes; policies, adoption, government approval etc and that has been the trend now and it has really affected the price fluctuations. One thing I believe that could drive the Bitcoin price high is the market demand. Even if the government approves of Bitcoin acceptability, if there is no demand, then the existence is as good as nothing.
This is what I have been warning people about, regardless of people do listen or not. Not only you are not going to get republicans to all join into bitcoin just because trump said so, but you are going to scare away democrats because trump likes it, which will make USA a moot point when it comes to crypto, I do not think that we would want something like that at all, it wouldn't benefit anyone.
What I would rather see however is a situation where no politician deals with it specifically, like not try to make it work some other way, not make it a part of their campaign, don't go around talking about it. When one of them wins, if they like it, just do regulations that would help us and we will be fine about it, there is nothing wrong with that, keep doing that.
But don't make it a campaign thing, it is not going to end up with something that will be very tough, it is going to get crazy in there if they keep talking about it, alienating half of the country just for the sake of campaigning, that's not helpful. We need to stop putting these politicians at a higher ground, and as long as we don't we are going to get a lot of people watching everything they say, and that will cause a lot of trouble for us.
What I would rather see however is a situation where no politician deals with it specifically, like not try to make it work some other way, not make it a part of their campaign, don't go around talking about it. When one of them wins, if they like it, just do regulations that would help us and we will be fine about it, there is nothing wrong with that, keep doing that.
But don't make it a campaign thing, it is not going to end up with something that will be very tough, it is going to get crazy in there if they keep talking about it, alienating half of the country just for the sake of campaigning, that's not helpful. We need to stop putting these politicians at a higher ground, and as long as we don't we are going to get a lot of people watching everything they say, and that will cause a lot of trouble for us.
As we can see this has now turned to global discussion and news is spreading bitcoin across every nation through this USA election and of course if you look it's giving bitcoin an upper lifting because the said government who where anti bitcoin are now turning to be bitcoin lovers meaning we aren't far from adoption. This is a clear sign that we might see bitcoin in an unimaginable price from now till the USA election is over we also know that bitcoin price are being driven by news so what is going currently is exactly what is controlling bitcoin just as yesterday thereafter the price touched 70k before dip down 66k.
(....(
Imagine this numbers if Trump could able to get this
Quote
Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.
Source https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/
That means Trump could assure his victory if he get the hearts of that 40% of bitcoin user in US. Many people didn't like what those anti bitcoin or crypto politician do and provably they are avoiding those candidate who spread hate on crypto before.
Trumps camp is so smart to take advantage in the situation and here it comes he is the leading candidate and huge chance for him to became the President of USA again.
Maybe they are also using the bull market of Bitcoin right now, we all know that recently we just made a new all-time high and people tend to join in the hype every bull market or price action is bullish on Bitcoin, so people right now are in the hype and a lot of people participating on it.
Imagine this numbers if Trump could able to get this
Source https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/
That means Trump could assure his victory if he get the hearts of that 40% of bitcoin user in US. Many people didn't like what those anti bitcoin or crypto politician do and provably they are avoiding those candidate who spread hate on crypto before.
Trumps camp is so smart to take advantage in the situation and here it comes he is the leading candidate and huge chance for him to became the President of USA again.
Benefit will be key to attract people to vote for a politician or a political party. If you can touch their hearts and give them attractive promises with possible benefits, chance to win will become bigger a lot.Quote
Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.
Source https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/
That means Trump could assure his victory if he get the hearts of that 40% of bitcoin user in US. Many people didn't like what those anti bitcoin or crypto politician do and provably they are avoiding those candidate who spread hate on crypto before.
Trumps camp is so smart to take advantage in the situation and here it comes he is the leading candidate and huge chance for him to became the President of USA again.
It's unrealistic to say Trump will gain all 40% of American adults to vote for him, even they own cryptocurrency because some will keep up their belief and support with their own party. But by raising the idea of strong support for cryptocurrency market, Trump will certainly touch to many swing-citizens and increase his opportunity to win the coming election.
On the other hand, Democrats Party did something behind the scene to manipulate Google Search. When you search Donald Trump, you will get result for Kamala Harris. It's not a bug for sure because when you search Kamala Harris, you will not get opposite result for Donald Trump.
https://x.com/ArynneWexler/status/1817965383682506917
I would say both. If he can win the hearts of the bitcoin community, then it’s already a big factor that will contribute to his future success, as well as btc price will also continue to benefit and surge high. But nevertheless, bitcoin community is not also dumb, they won’t easily believe on things like it only happened like thin air. However, there are still few months for Trump to prove his sincerity towards bitcoin, let’s see then what will be the reaction of bitcoin community right after.
Imagine this numbers if Trump could able to get this
Quote
Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people. Among current crypto owners, around 63% hope to obtain more cryptocurrency over the next year.
Source https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/
That means Trump could assure his victory if he get the hearts of that 40% of bitcoin user in US. Many people didn't like what those anti bitcoin or crypto politician do and provably they are avoiding those candidate who spread hate on crypto before.
Trumps camp is so smart to take advantage in the situation and here it comes he is the leading candidate and huge chance for him to became the President of USA again.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
No, I do not think this is the reason for Bitcoin getting to over $67k. Bitcoin has already started correcting after what happened with the German government selling its bitcoin. Bitcoin dropped to as low as $55k earlier this month but immediately after the German government stopped selling, Bitcoin started recovering. In fact, on the 22nd of this month, bitcoin got to $68,181 and that was before the conference because the conference started on the 25th and ended on the 27th of this month. So with this, I can say the speech just coincides with when Bitcoin was already going up.
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
Of course, political endorsements help candidates win elections. The more endorsements a candidate gets, the more voters they will likely get and this is also more money for the campaign. Campaigns are expensive and if you don't campaign well you might lose. That is why the two major parties in the US always win. They have better funding and structure.
I don't believe political endorsement can increase bitcoin price. Bitcoin is not a national currency, It's a global one. So an event like that of a particular country is not big enough to affect the price of bitcoin.
I would say both. If he can win the hearts of the bitcoin community, then it’s already a big factor that will contribute to his future success, as well as btc price will also continue to benefit and surge high. But nevertheless, bitcoin community is not also dumb, they won’t easily believe on things like it only happened like thin air. However, there are still few months for Trump to prove his sincerity towards bitcoin, let’s see then what will be the reaction of bitcoin community right after.
As the U.S.A. election day approaches.
Different politicians have their different flowery plans and words just to get the people's hearts.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
What are your thoughts on these developments?
Different politicians have their different flowery plans and words just to get the people's hearts.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
What are your thoughts on these developments?
Bitcoin community has a great power of influence and i appreciate the fact that some of the politicians have realized this earlier, you can imagine if the whole numbers of US based citizens who were bitcoiners all came out in support of Trump over his reelection the second term, am suspecting that they now realized that bitcoin is not a coin used for illicit activities alone, but more responsible and high caliber of people are using it in a proper way, which they see that they can also benefit from all its offers including the trusted people who made up its network.
What are your thoughts on these developments?
Campaign strategy. Every politician has something in mind that they openly throw as a campaign speech for their supporters to believe in.Trump having to support Bitcoin is part of his campaign strategy to gain crypto supporters to his side but that doesn't mean the whole Americans would vote for him on that because the keynote agenda Americans would want to hear is solutions to problems that face Americans and its economy and security not on crypto.
Having said that, the Americans who would vote for Trump not because he endorses Bitcoin but because they feel he is the right candidate for the presidency.
Bitcoin's uptrend movement is not related to Trump's support of bitcoin. Bitcoin increase because it is time for it to increase since the halving has passed(months)
Bitcoin is on fire. People listen now when a winner such as Trump discusses Bitcoin. He has that Midas touch; when he says something will be significant, typically it is.
Is just occurred to me that probably about 95% of the Trump supporters here do not live in the USA.
Anybody who calls Trump a "winner" or that he has the "Midas touch" or that he actually means what he says cannot possibly know a thing about US politics save a few soundbites gleaned from Republican-friendly media (and even Fox News wouldn't say those things about Trump).
People who actually live in the USA know that Trump is a convicted criminal and a loser who squandered his inheritance from his father, and has destroyed everything he has ever touched--and that he constantly says things that end up being completely meaningless.
And yes, even Trump's actual voters know he's not a "winner": they are voting for Trump because they want abortion to be illegal in the USA, not because Trump himself is so awesome.
Bitcoin is on fire. People listen now when a winner such as Trump discusses Bitcoin. He has that Midas touch; when he says something will be significant, typically it is. Indeed, the market swings; it is like riding a roller coaster. Thats really encouraging, though, when you have a visionary like Trump behind you. This relates to the future as much as politics. Its about a better sort of money, a fresh kind of money. And Trump understands it as well. Will this now help him to win the election? Time will tell just how this goes. Still, Bitcoin is going to be around. And smart people will find themselves on this train. So forget those critics and those fake news enthusiasts; Bitcoin is the actual deal.
As the U.S.A. election day approaches.
Different politicians have their different flowery plans and words just to get the people's hearts.
Different politicians have their different flowery plans and words just to get the people's hearts.
Its normal expect that they use all the methods that possibly may work just to get the votes of people and it seems Trump is successful since he's already gaining the advantage among his fellow candidates.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
No its not the reason bitcoin is already recovering so its baseless thoughts to think about the current pump is due to what Trump did on that conference.
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
Yes it could help them to win. There's a lot of people who engage with bitcoin in that country and for sure all the votes will go to the politician who show support with bitcoin, then for sure they avoid those politician like Biden which already withdrawn his candidacy because for they know this will create something bad to the asset they are supporting.
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
What are your thoughts on these developments?
Possible.What are your thoughts on these developments?
And that is with those speeches, they're moving the listeners and voters with their emotions. As we can see, just after this event, the price surged by + $2k and is now at $69k.
That's why with these political news that are being reported in the world on how it goes for the US elections, it's also affecting the price of Bitcoin. But it's just maybe this time and once he sits on the position, there might be a lot of changes already. I'm not familiar with how Trump did with his agenda's when he became the president during his first term and rallies.
If Trump had a lightbulb every time he was mentioned on this forum, he would probably go crazy. Haven't the previous threads shown the opinions of users about Trump's intentions and his interest in Bitcoin? Do we need to rephrase what has already been said three hundred times? In war, all means are good, and Trump is going for his intended purpose; if someone here does not trust him, his speeches will surely touch others.
Haven't we gotten used to this?
Haven't we gotten used to this?
As the U.S.A. election day approaches.
Different politicians have their different flowery plans and words just to get the people's hearts.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
Different politicians have their different flowery plans and words just to get the people's hearts.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
I think it has nothing to do with the election of Donald Trump and the price of Bitcoin. Because the people of his country only have the power to become the president for the political person they vote for. But in this case, the price of Bitcoin touched 67k dollars because of this speech. It is never logical, but now after a few days of Donald Trump's speech, the price of Bitcoin has touched 69k dollars again. So can you determine Donald Trump's contribution to this? No I don't see any contribution of Donald Trump in this.
What are your thoughts on these developments?
Although I saw a news on Twitter social media Bitcoin Magazine in the wake of Donald Trump's speech. You can relate to this news, because there is no logic here.
Because we are currently in the pre-bull run period, it is normal for Bitcoin price to be dumping and pumping during this time. If the price of Bitcoin is dumping it creates an opportunity for investors to invest, and I think such dumping is normal before it is pumped to the maximum.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
No I do not think it is primarily the reason. Trump has been promising a lot of things but I think positive impacts on Bitcoin will only show once he wins and he actually makes true of his promises. There are a lot of factors in play not only american politics that may affect the bitcoin price movement.The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Quote
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
Many people are very much considering who to vote for based on the candidate's opinion on crypto so yes I believe that if a candidate chooses to endorse bitcoin on his or her campaign, more people are likely to vote for that candidate. I mean before Biden pulled out of the race, he was also basically buttering up to crypto community and showing support for crypto.Once they are in the position to implement laws that could support what the crypto enthusiasts want and could further support the adoption of crypto all through the country and potentially in the world, then we will definitely see a surge of price.
Both of them; Trump supports bitcoin in his politics this is getting great support, plus the price of bitcoin can strengthen because of the political situation in the US this also I think can affect.
According to @WatcherGuru's source US Senator Cynthia made a backup strategy with bitcoin and it has introduced its bill they say will buy 1 million bitcoins worth $68 billion, IMO this can also affect because it is still under the influence of the political situation.
According to @WatcherGuru's source US Senator Cynthia made a backup strategy with bitcoin and it has introduced its bill they say will buy 1 million bitcoins worth $68 billion, IMO this can also affect because it is still under the influence of the political situation.
What are your thoughts on these developments?
For the first time in the history of American elections, cryptocurrency become a key factor in campaigns. This new development might be because research showed that about 21% of American citizens own crypto, and above 70% of them will consider the crypto stance of the presidential candidate. A candidate with friendly crypto policies might not win the election only because of his position, but he might gain a good number of support or votes from the crypto community.
The recent increase in the price of Bitcoin is not solely because of Donald Trump's good promises to the crypto community. The predictions that the Fed might cut down interest rates twice this year are giving investors more confidence. Political statements would only cause an artificial rise in price, but economic policies can lead to sustainable growth.
I don't think that crypto is a key factor in this election, we have this feeling because we only care and pay attention to what is related to crypto. But in reality, candidates spend most of their time discussing and debating issues related to inflation, real estate prices, immigration, military, economy...Cryptocurrency is nothing compared to the above factors as it does not have any significant impact on their economy.
But I agree with you, bitcoin price increased because of the market's optimism that the Fed will lower interest rates in September, not because of Trump's statements in the recent bitcoin conference.
Has there been any time in the history of the US election that presidential candidates are discussing or giving promises about the crypto industry? This is not only about Donald Trump; it was rumored that Kamala Harris was billed to be a keynote speaker at the Bitcoin Conference, but she later decided not to attend. Cryptocurrencies might not be as powerful as immigration, foreign policy, climate change, abortion, and LGBT rights, but it is an emerging force in the economy of the US. Politicians also know that most people in the US own crypto, and this ownership might determine their choice of candidate.
What are your thoughts on these developments?
For the first time in the history of American elections, cryptocurrency become a key factor in campaigns. This new development might be because research showed that about 21% of American citizens own crypto, and above 70% of them will consider the crypto stance of the presidential candidate. A candidate with friendly crypto policies might not win the election only because of his position, but he might gain a good number of support or votes from the crypto community.
The recent increase in the price of Bitcoin is not solely because of Donald Trump's good promises to the crypto community. The predictions that the Fed might cut down interest rates twice this year are giving investors more confidence. Political statements would only cause an artificial rise in price, but economic policies can lead to sustainable growth.
I don't think that crypto is a key factor in this election, we have this feeling because we only care and pay attention to what is related to crypto. But in reality, candidates spend most of their time discussing and debating issues related to inflation, real estate prices, immigration, military, economy...Cryptocurrency is nothing compared to the above factors as it does not have any significant impact on their economy.
But I agree with you, bitcoin price increased because of the market's optimism that the Fed will lower interest rates in September, not because of Trump's statements in the recent bitcoin conference.
Assuming this is the statement or one of them which we are talking about, there is
nothing about legal tender.
Its hard to know whether Trumps statements carry any weight in terms of
getting elected. There will be those who will agree and disagree with his
various policies.
In terms of the coincidental market rise, I'm taking it as being related to Trumps
statements.
You misunderstood what I'm saying. The most positive piece of news that Bitcoin can have would be its recognition as a legal tender. However, we all know that isn't happening. Even if that is part of his campaign, I find it hard that it would sway many voters to his site.nothing about legal tender.
Its hard to know whether Trumps statements carry any weight in terms of
getting elected. There will be those who will agree and disagree with his
various policies.
In terms of the coincidental market rise, I'm taking it as being related to Trumps
statements.
The strategy is quite common for the candidates; speak on issues that can best appeal to your voters, make promises and get their votes. I don't think Bitcoiners can sway the results this much.
I don't know how voters in the US choose their candidate, but I doubt majority of them will choose a candidate solely on the basis of whether he/she supports Bitcoin or not. The truth of the matter is that Bitcoin doesn't determine the outcome of this election.
I'm not sure what percentage of the voters there are considered conscientious voters, but it is my belief that most US voters don't just choose based on the candidate's stand on one issue alone.
They definitely don't, there are far bigger issues than whether Bitcoin should be a legal tender or not. Generally, it comes down to the swing voters; certain states are strong red or strong blue but there are certain swing states and the battle comes down to those few states.I'm not sure what percentage of the voters there are considered conscientious voters, but it is my belief that most US voters don't just choose based on the candidate's stand on one issue alone.
In terms of the recent Bitcoin price increase, I'm inclined to think that it is possibly a reason. The timing for the speech coincides with the timeframe of price increase and probably is a key factor for the price movement. Historically, any public figures that has spoken positively of Bitcoin has resulted in a spike in value and I'm inclined to think this wouldn't be an exception.
Assuming this is the statement or one of them which we are talking about, there is
nothing about legal tender.
Its hard to know whether Trumps statements carry any weight in terms of
getting elected. There will be those who will agree and disagree with his
various policies.
In terms of the coincidental market rise, I'm taking it as being related to Trumps
statements.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
What are your thoughts on these developments?
Whatever statement trump made at the Bitcoin 2024 conference is just a normal political statement and I doubt it was what led to any increase in the price of Bitcoin. The statement would only send a small signal to current HODLers to keep on holding thier Bitcoin which doesn't play a serious role in Bitcoin becoming more bullish. I feel this is rather too early to start expecting a direct effect on Bitcoin, maybe it would be okay to talk about this when trump eventually wins and sets out a policy that's going to encourage more big whales to consider Bitcoin a source of reserve.
What are your thoughts on these developments?
For the first time in the history of American elections, cryptocurrency become a key factor in campaigns. This new development might be because research showed that about 21% of American citizens own crypto, and above 70% of them will consider the crypto stance of the presidential candidate. A candidate with friendly crypto policies might not win the election only because of his position, but he might gain a good number of support or votes from the crypto community.
The recent increase in the price of Bitcoin is not solely because of Donald Trump's good promises to the crypto community. The predictions that the Fed might cut down interest rates twice this year are giving investors more confidence. Political statements would only cause an artificial rise in price, but economic policies can lead to sustainable growth.
Bitcoin went up 500% under president Biden.
Are you a Democrat? You keep rooting for them.
Bitcoin went up 500% under president Biden.
Was it all Biden's fault? Probably not. But the safe bet here is to stick with what has worked. Hopefully things will stay the same in the USA, which means Harris carrying on what Biden has done. You might complain about the regulations, but regulations bring mainstream investors into the market because they make them feel safe.
Trump promises massive radical change to the USA, which could severely disrupt the US economy and bring massive downsides to Bitcoin.
Trump is a convicted criminal, and should not be trusted.
Biden and the Democrats--which means Harris for president--have been good for Bitcoin. Vote accordingly.
Was it all Biden's fault? Probably not. But the safe bet here is to stick with what has worked. Hopefully things will stay the same in the USA, which means Harris carrying on what Biden has done. You might complain about the regulations, but regulations bring mainstream investors into the market because they make them feel safe.
Trump promises massive radical change to the USA, which could severely disrupt the US economy and bring massive downsides to Bitcoin.
Trump is a convicted criminal, and should not be trusted.
Biden and the Democrats--which means Harris for president--have been good for Bitcoin. Vote accordingly.
I don't think it will help them win the elections. But political endorsements, especially from high-profile figures like Trump, can definitely create a buzz and influence the market.
When it comes to Bitcoin though, Trump shouting it out could get more eyes on it and maybe a few new investors interested. At the end of the day though, that market doesn't really care about politics and it's got bigger things going on that drive prices up and down. An endorsement might lead to a little pump but only the whales and longtime hodlers have enough sway to actually move Bitcoin in a lasting way.
When it comes to Bitcoin though, Trump shouting it out could get more eyes on it and maybe a few new investors interested. At the end of the day though, that market doesn't really care about politics and it's got bigger things going on that drive prices up and down. An endorsement might lead to a little pump but only the whales and longtime hodlers have enough sway to actually move Bitcoin in a lasting way.
Thought people would have tired by now of "political endorsement" inspired bull runs. We've had them before, and from more credible politicians, with far more practical statements. And they've always had a negligible, if any, direct impact on markets. Even if you perceive the shift, not beyond a day.
We've all got to understand by now market is influenced by so many factors. Nothing beats the supply/demand dynamics for me. Investor sentiment, sure, but investors really couldn't give a rat's arse about US presidents anymore. They're more concerned with the macros and corporate regulations. If one statement can shift supply/demand globally, or is related to regulations, perhaps. Not anything I've heard from either camp, though.
We've all got to understand by now market is influenced by so many factors. Nothing beats the supply/demand dynamics for me. Investor sentiment, sure, but investors really couldn't give a rat's arse about US presidents anymore. They're more concerned with the macros and corporate regulations. If one statement can shift supply/demand globally, or is related to regulations, perhaps. Not anything I've heard from either camp, though.
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
Politicians are showing interest in cryptocurrencies to attract crypto investors to vote for them, while crypto investors are also looking to create opportunities for the market to grow so they decided to vote for whoever supports cryptocurrency. It can be said that behind their actions, each person has a purpose, everyone wants to receive benefits when voting for someone and also the person being voted for.
But in the end, politicians will be the ones who benefit the most in this game because there is no guarantee they will keep their promises after being elected, so voting for a candidate can be considered a gamble for us, the cryptocurrency investors.
Trump has been taking his plans for Bitcoin seriously and at the conference , you could hear him make strong statements like "Bitcoin and crypto will skyrocket like never before if I'm elected president" and that sounds like what a typical politician will do because it's like a bargaining chip. With how prices rose sharply since he started campaigning and after the attempted assassination that was foiled, he feels he can take it up a notch by making such bold declarations but I doubt those declarations alone cause Bitcoin price to spike.
Honestly, the words of these guys should be taken with a grain of salt because there's no assurance he'd be able to strengthen Bitcoin over the dollar in the US without facing great opposition and knowing how he seldom delivers on his promises, it's best to just take it as you see it.
Honestly, the words of these guys should be taken with a grain of salt because there's no assurance he'd be able to strengthen Bitcoin over the dollar in the US without facing great opposition and knowing how he seldom delivers on his promises, it's best to just take it as you see it.
I don't know how voters in the US choose their candidate, but I doubt majority of them will choose a candidate solely on the basis of whether he/she supports Bitcoin or not. The truth of the matter is that Bitcoin doesn't determine the outcome of this election.
I'm not sure what percentage of the voters there are considered conscientious voters, but it is my belief that most US voters don't just choose based on the candidate's stand on one issue alone.
They definitely don't, there are far bigger issues than whether Bitcoin should be a legal tender or not. Generally, it comes down to the swing voters; certain states are strong red or strong blue but there are certain swing states and the battle comes down to those few states.I'm not sure what percentage of the voters there are considered conscientious voters, but it is my belief that most US voters don't just choose based on the candidate's stand on one issue alone.
In terms of the recent Bitcoin price increase, I'm inclined to think that it is possibly a reason. The timing for the speech coincides with the timeframe of price increase and probably is a key factor for the price movement. Historically, any public figures that has spoken positively of Bitcoin has resulted in a spike in value and I'm inclined to think this wouldn't be an exception.
As the U.S.A. election day approaches.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The market is buy the rumor, sell the news. People invest money because of their belief in something that in their opinion, after doing due diligent research or not, is it is safe, good and potential asset for investment. It's purely depended on their belief on it and politicians are very good at building up hype and belief in community on their words in speeches.An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
With strong belief, that can be right or not right, people can stick with it and do many things.
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The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
Politicians know that if they can make good speeches, say things that their people want to hear and want to achieve in future, they will get more support. Winning an election or not, there is nothing to be sure about an election result but politicians have to do everything they can to get as many votes as they can, to win an election.Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
Price of Bitcoin has good show after some months of correction in April and June this year. Recent heat from Donald Trump only can help to boost the process of accumulation and bull run a little bit.
https://cryptorank.io/price/bitcoin
I don't think Trump's statements in the conference caused the price increase.
I don't know how voters in the US choose their candidate, but I doubt majority of them will choose a candidate solely on the basis of whether he/she supports Bitcoin or not. The truth of the matter is that Bitcoin doesn't determine the outcome of this election.
I'm not sure what percentage of the voters there are considered conscientious voters, but it is my belief that most US voters don't just choose based on the candidate's stand on one issue alone.
In which case, those popular memes spreading around social media in which one cartoon figure, obviously representing Kamala, says "Bitcoin is money is for criminals", and another figure, apparently alluding to Trump, saying "I support Bitcoin", and finally one on the opposite of Trump's saying "You got my vote" is apparently oversimplification.
I don't know how voters in the US choose their candidate, but I doubt majority of them will choose a candidate solely on the basis of whether he/she supports Bitcoin or not. The truth of the matter is that Bitcoin doesn't determine the outcome of this election.
I'm not sure what percentage of the voters there are considered conscientious voters, but it is my belief that most US voters don't just choose based on the candidate's stand on one issue alone.
In which case, those popular memes spreading around social media in which one cartoon figure, obviously representing Kamala, says "Bitcoin is money is for criminals", and another figure, apparently alluding to Trump, saying "I support Bitcoin", and finally one on the opposite of Trump's saying "You got my vote" is apparently oversimplification.
As the U.S.A. election day approaches.
Different politicians have their different flowery plans and words just to get the people's hearts.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
What are your thoughts on these developments?
Different politicians have their different flowery plans and words just to get the people's hearts.
An example is what happened to Former President Donald Trump recently gave a keynote address at the Bitcoin 2024 conference, in which he expressed strong support for Bitcoin.
The speech gave a lot of buzz and the price of Bitcoin surged above $67,000 (do you think this is the reason?)
Do you think these political endorsements will help the politician to win the elections, or they will help Bitcoin's price increase?
What are your thoughts on these developments?
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