Topic: Donald Trump's stance on Bitcoin is changing (Read 905 times)

Biden still wants to implement a 30% tax bill on bitcoin mining companies, and he recently announced he will not sign and pass the SAB 121 deregulation bill (crypto asset discrimination by SEC and forcing banks to stay away from storing cryptocurrencies). Which mean he is supporting the SEC's crackdown on cryptocurrencies. Do you think the Biden administration is being friendly to bitcoin and helping it grow?
And unrelated to the market, do you see that inflation still shows no signs of decreasing, and wars around the world continue to break out...so many troubles under Biden. What good things is Biden bringing to the world?

Hey, if this man is insane to many, I don't mind. His living in a country where I don't live so I'm not that worried whoever wins that election, one thing that I'm really happy about is the price of bitcoin or just the US government supporting it or staying neutral from it, that's the only thing that matters to me. For now, I feel like that Trump is just trying to led on the people that are into bitcoin as most of them are probably uncertain yet on who they're going to vote, you got to cover your bases after all. One thing that would totally consolidate or increase of support for Trump would probably if he starts buying bitcoins for himself, that's the only way for now, maybe legislations that would benefit or protect the economy but other than that, still on the fence with this man.

You are right. The way trump works is quite unique but you can definitely tell the agenda behind it. He wants money and power. He would pretend to care about bitcoin and cryptocurrency but only because he wants to earn off of it.
He doesn’t care about bitcoin because he can’t have it. He wants a coin he can control and no matter what he does, he won’t be able to have every bitcoin and control them all.
The US political system is something I find worrisome. There are only two options and it’s not like both of them are your ideal candidates. Whatever the result may be, I want to say goodluck to american citizens already.

I have to say this is still the most absurd thing I've seen that over 300 million Americans are forced to choose between two of the worst presidential candidates that anybody can think of!
If you threw a stone in a crowd you're bound to hit a much better option than these two

There were and still are a lot of speculation about the rate cuts but almost all of them forget two important factors when they speculate: geopolitics and energy prices.

If they reduce rates, the inflation goes up. Although that's good for us because it also helps bitcoin price rise

Another reason is we don't want 2008 events to be repeated where US economy crumbles down and because of that high interconnection and dependence on US economy, the rest of the world is also affected negatively.
The more "decoupled" the world economy gets from US economy the less they'll be affected, when 2008 catastrophe repeats.

The market is bearish because majority of the world's economy has been in recession for the past 2-3 years.
Not to mention the scam market known a "bonds" is sucking all the money from other markets due to its high "interest rates"...

Just an example. With the power of the presidency, Trump would hardly have to do anything all to drop Bitcoin's price by 90% or more.

Trump wouldn't bother with a CBDC because the US government would own it, not him. In fact, he'd probably be against it because a CBDC would compete with a "Trump Coin" too, conceivably.

I really don't see any political support for a CBDC in the USA from any side, frankly.

So, this Trump coin is also from Donald Trump himself? Or you only use that as an example? Because, I think it's only just a meme coin and even if not, I still doubt if such personality will create their own crypto. There are CBDC's but I think they are only created by the banks as their name implies (Central Bank Digital Currencies).

I have heard negative things about Trump in the past but I didn't know that it only wasn't limited to that. This makes people to fully decide to not vote Trump but vote someone else instead like Joe Biden and its allied party because not only they have no or only have less issues but they are also friendly to BTC, resulting for us to see a massive increase on its value. 

Right now no one cares, the blacks in the united states are all complaining about Biden, many vowed to never vote for Biden the second time anymore, Trump or anyone else can get there but definitely not Biden.

Who will you vote for anyways? Even when we all know that Trump is trying to make use of this advantage to win the election? I think no way cares, they just want Biden gone and as a matter of fact I want every obstacle in the crypto space gone, so I am against Biden.

Trump saying he will get donations in Cryptocurrency is lit🔥 I don't know why many people don't see this as a big deal, he always talked about nfts, that is dope as f***.

Why is everyone being bearish merely because a presidential candidate mentioned Bitcoin/crypto? Are you over-thinking this NOW? We have the ETF, and now a presidential candidate is talking about it? It has truly become mainstream now, who cares what kind of person mentioned it. It's a defining moment if you ask me, and the ETF has legitimized Bitcoin as an asset class. VERY BULLISH.

Buy the DIP, and HODL. The critics missed the point.

According to my research, initially the market expected there would be at least 3 interest rate cuts this year, but with the recent not-so-positive developments in the economy, expectations for interest rate cuts have been reduced to 2. Although the Fed has not given any signal about reducing interest rates, I think this year is an election year so the Fed must at least lower interest rates at least once to stimulate the economy before the election takes place.


I'm also interested in de-dollarization and hope it happens faster because letting one country dominate the world is unpleasant and unfair, a multipolar world would be better for many other countries and the whole world. But what I'm more care about is that the economy will soon recover and trigger a bull season, a super cycle for bitcoin. That's why I support Trump over Biden  .

I want to summarize the opinions about the changes that big businessman Donald Trump has made to the digital currency we care about (Bitcoi) the changes that big businessman Donald Trump has made to the digital currency we care about, The former President has expressed a skeptical view of Bitcoin, calling Bitcoin an "unstable asset." However, I am aware that there may be a rule change behind this establishment. The President wants to explore a new path about Bitcoin. His rumours and statements on social media have raised doubts about his interest in the world of digital money.

This is true but it also holds true for most politicians. They have to be willing to say or do anything to win some votes. They will say "Bitcoin is bad" to some curmugeony union representatives, ensuring that their treasury bonds are secure thanks to the strength of the US dollar, then turn around and say "Bitcoin rocks" to a group of high school students.

At the end of the day, whoever is elected will fall in line with what the Federal Reserve tells them, which will of course be to support the dollar and shit on bitcoin whenever possible.

I don't see any indication that interest rates are going to be lowered in US or pretty much in most other countries specially in the West. The recent FED announcement was also indicating no plans to lower the rates since the inflation is "sticky".
That means we will continue experiencing deepening recession and that affects bitcoin price negatively.

With the way Biden is screwing up these days, Trump will probably win and there will be a funny days ahead. Specially when he wants to travel abroad as POTUS since he is wanted for an act of terror and he will either be eliminated or "taken"

In any case I agree that the world economy will be better with him though because there is a good chance he will "ostracize" United States more than his previous term and this time speed up the ongoing global dedollarisation which helps the economy of any country that does it in the long run.

It was just an example. Trump will probably invent a new coin, or buy into one that already exists, and use the power of the presidency to pump it while crashing Bitcoin. This is perfectly consistent with how Trump worked the first time he was president.

Trump doesn't care about Bitcoin. He doesn't care about your portfolio. He doesn't care about anything but making himself money.


The safe bet here is to stick with Biden and the Democrats.

Trump has openly kicked against CBDC and about the hostility of the current administration towards cryptocurrency, it looks like he's all in for crypto or a way to garner votes from the crypto community. Whichever, I'd still choose him over Biden because of his personality.

I don't know by what percent Bitcoin went up since Biden took over but it has nothing to do with him being in power. If you're skeptical, wait until it's bear season, then you'd know that Bitcoin surge is seasonal.

Trumpcoin has no affiliation with Donald Trump, it's a memecoin that could have been created by anyone.

That's all the deluded little narcissist cares about.  His NFTs.  He's getting poorer with every court case and is desperate to claw back some money.  That, and it appeals to his bloated ego that it's all about him and he's the centre of attention.

It's laughable that any of you could believe this sociopath cares about anything other than himself.  He will screw you over the second it suits his interests.  He doesn't like crypto, he's merely obsessed with himself.

You still believe what a politician is saying? There's no way that Trump would ever go for that when he wins in this next election, I'm pretty sure that this is just a standard politician tactic to try and gain more support from people with niche interests, if you have undecided voters, supporting or saying something about their niche interest is probably for the best because that means that you can sway those undecided voters to your side.

It's probably a coincidence, there's other stuff that have been a factor to the growth of bitcoin, if this was true then that means that Xi Jinping also helped in growing the price of bitcoin, which you would probably not agree, you're biased about Biden. Try to stay neutral and look at things in a bigger perspective, you'd see how you might be wrong.

There are two Donald Trumps, and 75% of the time they don't like Bitcoin.

The first Donald is the off-the-cuff Trump where he just speaks his mind w/o consulting anybody. That one doesn't like Bitcoin.

The second Donald is the calculated, do-what-your-handlers-say Trump, which told him to tweet he didn't like Bitcoin at first, but they see a new voter demographic by being pro-Bitcoin, so now they tell him to say he likes it.

He also had those stupid Polygon and now Ordinals NFTs. So maybe after getting a cut of those proceeds (or paid for his likeness), he appreciates crypto all the more.

Who knows. He can kind of just say anything at any time, and if you already like him, it won't matter if what he's saying now is a contradiction. For many of his fans, he can do no wrong.


Usually I'm for pumps in any form, but how long before the Trump dump?

Yes, that is just a trick of politicians, they are ready to do anything just to get our votes.

Regardless of the purpose, former President Trump's statements will bring extremely good impacts to the market. We all expected a bull season to emerge after the halving and with this news, we have another catalyst to expect a super cycle to emerge soon.

ETF, halving, US election, Fed will soon lower interest rates, the world economy enters a recovery cycle...all of this will create a super cycle for bitcoin.

By the way, I don't live in America and I don't care much about politics there, but honestly, I hope Mr. Trump will be elected. At least under Mr. Trump's term, the world economy will be better than what Biden is creating.

That would be very good for Bitcoin though, specially if they start targeting mining and hashrate that has been increasing in USA. If they manage to force out at least some part of that hashrate, it would greatly help decentralization of mining.
It would also reduce the attacks on Bitcoin Principles such as Censorship Resistance (eg. US based MARA pool censoring transactions).

One thing you have to realize about countries with two political parties only is that they always contradict each other because they always want to polarize the society and get part the votes that their competitor doesn't get.

For example if the "blue team" says Bitcoin is bad the "red team" is automatically going to say say Bitcoin is good. They may both think bitcoin is good or think bitcoin is bad but they go against each other just for election purposes.

That's just a trick to lull people into thinking they have a choice and the "system" itself works and there is no need for a regime change. People have to continue believing that the problem is the party currently in office and there is only one alternative and it is the other party and other party alone. And four years is a long time for them to forget why they chose this other party and why in the next election they went back to the first party that they didn't want 4 years ago

Bitcoin went up 500% under Biden.

Trump promises more chaos, rattled markets, and corruption at the highest levels, including the president having a vested financial interest in various markets to the detriment of others (e.g. Trump blocks Bitcoin so TrumpCoin can explode in price).

The safe bet here is to vote for Biden and the Democrats so Bitcoin can go up another 500%.