Topic: Donald Trump's stance on Bitcoin is changing - page 17. (Read 4907 times)

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%.

News update.

I am skeptical, however, we can be very much quite certain that if you are an American, the cryptospace will less strict regulations under the Trump administration than under the Biden administration. This Biden administration, with democrats grandma Warren, grandma Yellen and uncle Gary, have certainly showed that they do not want the cryptospace on American jurisdiction and they will always be anticrypto.

Trump's speech will be the beginning for the Trump pump.



Donald Trump just cemented crypto as an election issue.

The former US president embraced the industry on Wednesday during at a dinner at his Mar-a-Lago resort for holders of his different NFT collections.

“I’m fine with it,” Trump said in a clip widely shared on X. “I want to make sure it’s good and solid, but I’m good with it. If you like crypto in any form — it comes in a lot of different forms — if you’re in favour of crypto you’d better vote for Trump.”

“If we’re going to embrace it we have to let them be here,” he said in response to a question about crypto firms leaving the US.

Trump said US crypto firms are leaving because of what he called “hostility” from Democrats and Securities and Exchange Commission Chair Gary Gensler.

Source https://www.dlnews.com/articles/people-culture/trump-backs-crypto-in-strongest-terms-yet-im-good-with-it/



This is the speech of Trump where he mentioned that his administration will support the cryptospace.

https://twitter.com/watcherguru/status/1788373884418294072?s=12&t=fx2RmsbaS0qNJTJTdpNu2w

The Governments have no objection on things that are under there control i.e. centralised one. For somehow I don't consider these ETF's as part of decentralised cryptocurrency ecosystem since they provide the governments visibility into what's happening inside.

The real battle of government is with decentralised bitcoin that they can't control or manipulate. That opposition won't be over no matter who hold the office of U.S president.   

I am not convinced one bit that Trump is actually interested in Bitcoin. We are used to seeing similar tricks from politicians who say lots of interesting stuffs the people want to hear just to impress them and gather votes from them,  it is quite difficult to predict Politicians. Trump knows that the people are obsessed with Bitcoin and he is using that to his advantage.  We are only hoping that he is telling us the truth this time around.  But if he goes back to his old self, I am not perturbed because I know  Bitcoin will still remain unaffected.

Political leaders like control and Trump isn't an exception. One major way of putting the activities of the citizens under check is by controlling their finances. I doubt the possibility of Trump giving the people this freedom of carrying out their financial transactions without third parties interference. I still see this his act of righteousness as a campaign strategy to win more people to his side.

The previous American president might just be acting as a politician and doing what politicians always do with the aim of swaying voters over to their side with promises, but I’d also like to see Mr Donald as a business mogul even as president he made so many industrial revitalizative decisions which helped boost the American economy.
As a business owner he must have noticed the increase in adoption and usage of Btc by the customers of his various businesses that could have prompted such statements from him.

I cannot tell for now if he’s actually true to himself about embracing bitcoin. Politicians may be deceiving with their promises, and they will do everything just to make them real for us. But if what he says about bitcoin is true, surely that will make him the bitcoin community’s favorite. With the unstoppable progress and growth of bitcoin, I guess any president will find it hard to stop his people from embracing bitcoin, and probably that’s his realization as of this moment.

There are still many speculators circulating and this is still not clear, Trump is also quite obsessed with crypto, if it provides benefits maybe he will support it but if he follows grandmothers Elizabeth and Warren in the anti-crypto campaign, this will be a disaster for crypto in the US. There will be many rules that will apply and it may be completely prohibited. can only see new scenarios coming to pass.

Bitcoin has matured and come to a point that it is a political issue. Accept it, prohibit it will create advantage or disadvantage of a politician's propaganda or a party's propaganda.

Trump just has to accept this fact, join the trend and do something oppositely with Biden administration to gain support from US. citizens especially citizens who love Bitcoin, cryptocurrencies and are investors in this industry.

It is not actually threat for US. dollar but for privacy of US. citizens. Only my thinking, I guess Trump worries about CBDC's power to trace his money flow too. He possibly will care more about himself, before the US. citizens.

I am outside of USA, not their citizen but I feel a little bit that a big nation like them can not have better candidates for an upcoming President Election. Both Biden and Trump are too old already and they need to find other people but fact is this Election will be between two old men.

If you ask me for my personal opinion, then the answer is that he and his administration will be very harsh on Bitcoin, or at least try to be. However, unlike when he was the president for the first time, now in the game with BTC we have very powerful companies like BlackRock and Fidelity, and a very strong crypto mining sector that will lobby together so that there are no strict regulations or maybe even bans.

As for the CBDC, the matter is very clear, if he become the president, he will do everything to prevent this from happening, but he will have the same attitude towards everything he considers to be a threat to the US dollar.

I (and certainly many people) would like to see some third option for president, because Biden is simply too old and senile, and Trump is a man against whom various court proceedings are being conducted and as such he should not have a chance to run at all.

(Donald Trump Back in 2019, when he was president, Trump tweeted that he was "not a fan" of cryptocurrencies, saying they were "not money." And, he reiterated Tuesday: "I always liked one currency ... I like the dollar." Trump has called central bank digital currencies (CBDCs) dangerous and vowed not to allow them if elected.)

This is his statement back in 2019 and what has changed his mind all of a sudden, or a change of heart for sure this is just for his campaign because he now knew that there are many people supporting Cryptocurrency and right now there are many of the positive statement he has for Bitcoin but last time he is objecting the used of it and just because he noticed that the Bitcoin now has a life of its own he is making amends to most people using Bitcoin and other Cryptocurrency, for me and for sure this is just political.


Well there might be something about the change of heart for Trump and I think it is more on the political view side, but there could certainly be a side where he can surely learn about it and many are considering a new Currency, and we all know that Bitcoin back then was called the Currency of the masses, as the transaction doesn't require tax but a certain fee for the miners,  and as you have said he will support it if he will gain certain advantageous things regarding Cryptocurrency.

Politicians will always be politicians and that's the reality, but I like the fact that within the time of him being elected, his massive campaign must have contributed to making more people all over the world know what Bitcoin is and would also cause many to throve in to acquire some for themselves.
Am sure the price of Bitcoin as at then must have almost gotten to the $100k mark or would be in a speculative state and of course more regulatory frame works will be set in place to facilitate more use and adoption by both corporations and businesses of large or small magnitude.

Trump wants to win the support of the Bitcoin/crypto enthusiasts. He would never say "I plan to ban Bitcoin/crypto" while he is in a campaign.
Several years ago, Trump said that Bitcoin/crypto is made out of thin air and it doesn't have any real value. Should we even trust this guy?
I know that his last presidential mandate(2017-2021) was a great time for Bitcoin, but Trump and the republicans didn't have any role in the growth of Bitcoin. It would be nice, if Trump and the republicans stay neutral towards BTC/crypto, after Trump becomes the new US president.

I don't like several things about Trump's personality but overall I prefer his policies to the mummy's. In this particular case too: I prefer a president who says he will not allow CBDCs and expresses a positive attitude to Bitcoin. In general I don't trust politicians and their promises, but if he says this he will surely act better than the one who is already implementing CBDCs.

Do you imply that everything he has said on living with it one way or another is only a lie and his administration will continue the crackdown on bitcoin and the cryptospace?

I ask because he also mentioned that he will never allow a CBDC. I reckon if he is lying about his change of stance on bitcoin then he might also be lying about his stance on CBDC. Would you speculate that this implies that he is in reality in support of CBDC?



Donald Trump, currently seeking the Republican presidential nomination, pledged that he would “never allow” a central bank digital currency (CBDC).

Read in full https://www.theblock.co/post/273273/donald-trump-says-hell-never-allow-cbdc-issuance-if-elected

Everyone even loves Bitcoin including politicians and Donald Trump, it's just about the profits that can be made, the taxes that will continue to be paid from crypto users. Trump will support what can make him have the most advantages. As for how in the past Trump said that Bitcoin would be a scam, that might change now with the growing development of Bitcoin making him pro towards Bitcoin. He also hopes for support from crypto users to vote for him and that is another goal behind positive words about Bitcoin.

What's way more likely is that his people noticed that his voters tend to view Bitcoin positively, so they told him to start praising Bitcoin. I doubt that he himself understands anything about Bitcoin, since he's pretty old and also, let's be honest, not very bright, especially in the recent years.