Donald Trump's stance on Bitcoin is changing - page 2.

bbc.reporter

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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

WatChe

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Quote from: Lucius on February 28, 2024, 06:44:53 AM

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.

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.

Zoomic

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Quote from: AakZaki on February 28, 2024, 10:59:58 AM

Quote from: bbc.reporter on February 26, 2024, 10:02:59 PM

I can understand the skepticsm and I reckon it is correct for the community that we should be skeptical. However, what do you speculate on what might happen after if Trump is elected president? Will he become traitor and join the grandma Elizabeth Warren on her anticrypto campaign or will he do what he has said and he will live with it one way or another?

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.

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.

Briankimp1

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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.

Sanitough

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Play Bitcoin PVP Prediction Game

Quote from: Poker Player on February 28, 2024, 01:17:33 AM

Quote from: bbc.reporter on February 28, 2024, 01:13:04 AM

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 he might also be lying about his stance on CBDC. It might imply that he is 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

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.

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.

AakZaki

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Quote from: bbc.reporter on February 26, 2024, 10:02:59 PM

I can understand the skepticsm and I reckon it is correct for the community that we should be skeptical. However, what do you speculate on what might happen after if Trump is elected president? Will he become traitor and join the grandma Elizabeth Warren on her anticrypto campaign or will he do what he has said and he will live with it one way or another?

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.

SquirrelJulietGarden

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Quote from: Lucius on February 28, 2024, 06:44:53 AM

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.

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.

Quote

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.

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.

Quote

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.

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.

Lucius

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Quote from: bbc.reporter on February 28, 2024, 01:13:04 AM

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?

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.

jakelyson

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(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.

Quote from: AakZaki on February 27, 2024, 02:37:00 PM

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.

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.

Cryptomultiplier

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Quote from: Huppercase on February 25, 2024, 02:12:27 PM

Quote from: bbc.reporter on February 25, 2024, 05:30:56 AM

“I always liked one currency. I call it a currency. I like the dollar, but a lot of people are doing it [Bitcoin] and frankly, it's taken on a life of its own,” Trump replied. “You probably have to do some regulation, as you know, but many people are embracing it. And more and more, I'm seeing people wanting to pay Bitcoin, and you're seeing something that's interesting, so I can live with it one way or the other.”[/i]

Read in full https://www.theblock.co/post/278786/donald-trump-bitcoin-embracing

"Election is coming, election is coming and election is coming, how do I win this vote to send out Joe Biden? We need to get every community that we don't like, embrace them with open arms and after we win, we can run after them". This is the concept of politicians and we failed to realize how they used and dump people when they are done.

Trump is one the no zero tolerance with any concept that is after his government and we know bitcoin is all about not giving into th government or any form of centrality. Trump was there 4 years in office and never liked Bitcoin despite when the last bull run was before he left office yet didn't recognize Bitcoin, it's now he think it's perfect time to sweet talk about Bitcoin, let him go and do his campaign fake promises else somewhere where they do the usually lie to convince people to get into office, I wonder if this guys have a shame left before they speak.

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.

davis196

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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.

Poker Player

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Quote from: bbc.reporter on February 28, 2024, 01:13:04 AM

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 he might also be lying about his stance on CBDC. It might imply that he is 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

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.

bbc.reporter

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Quote from: Lucius on February 27, 2024, 07:34:13 AM

Quote from: bbc.reporter on February 26, 2024, 10:02:59 PM

I can understand the skepticsm and I reckon it is correct for the community that we should be skeptical. However, what do you speculate on what might happen after if Trump is elected president? Will he become traitor and join the grandma Elizabeth Warren on her anticrypto campaign or will he do what he has said and he will live with it one way or another?

I honestly think that his election as president of the US would be bad for Bitcoin, but also for stablecoins, in which the governments of the world see perhaps even a greater threat to national currencies. Considering how US politicians defend their national currency (which is of course understandable), there should be no doubt what will be the first thing in line when (if) there are problems with the dollar (of course bigger than they are now).

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

AakZaki

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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.

hatshepsut93

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Quote from: Negotiation on February 25, 2024, 06:28:32 AM

Donald Trump may be thinking of a new strategy as Bitcoin continues to spread around the world. Seeing crypto flourish so much may have Donald Trump changing his stance on crypto, selling NFTs and planning more crypto-friendly policies if re-elected.

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.

ChiBitCTy

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So here's the thing.. I will admit upfront that I despise this man with every fiber of my being. Him and Joe Biden are dinosaurs whom shouldn't even be allowed to run for office. Both are unfit, but that's another story.

We are in campaign season right now, and candidates will say just about anything to get certain sub-population of the nation to be on board with him. I've heard Trump make all sorts of progressive statement, only to walk them back once in office. Also, there is bitcoin regulation, not that he would have any sort of clue. He says one thing now, but will it hold up? History show us, likely not. Also lets be frank, he doesn't understand it one damn bit..just like Warren Buffet, he's old an boomers tend to dislike change on this type of level.

Lucius

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Quote from: bbc.reporter on February 26, 2024, 10:02:59 PM

I can understand the skepticsm and I reckon it is correct for the community that we should be skeptical. However, what do you speculate on what might happen after if Trump is elected president? Will he become traitor and join the grandma Elizabeth Warren on her anticrypto campaign or will he do what he has said and he will live with it one way or another?

I honestly think that his election as president of the US would be bad for Bitcoin, but also for stablecoins, in which the governments of the world see perhaps even a greater threat to national currencies. Considering how US politicians defend their national currency (which is of course understandable), there should be no doubt what will be the first thing in line when (if) there are problems with the dollar (of course bigger than they are now).

I'm actually more concerned about the impact that Trump will have on some other much more serious things globally, because let's remember that he declared that he would end the war in Ukraine in 24 hours if he becomes president. There are not many options available to him in this matter, and whichever one he chooses can have catastrophic consequences for the whole world.

hd49728

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Quote from: bbc.reporter on February 26, 2024, 10:02:59 PM

I can understand the skepticsm and I reckon it is correct for the community that we should be skeptical. However, what do you speculate on what might happen after if Trump is elected president? Will he become traitor and join the grandma Elizabeth Warren on her anticrypto campaign or will he do what he has said and he will live with it one way or another?

Politicians are liars and they almost don't keep their promise after they were elected.

Notice that if Donald Trump will be elected as a next President, this will be his last four years as the USA. President. What he is saying can be his words to attract US. citizens and gain support for the next election. He is smart to know that cryptocurrency market is growing and the US. citizens love it so if he shows his stance to against this market, this industry, he will lose a lot of vote.

Elizabeth Warren shown her fear that her position is challenging by John Deaton who is the lawyer helped Ripple won the lawsuit against SEC.

bbc.reporter

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Quote from: Lucius on February 25, 2024, 07:26:02 AM

@bbc.reporter, I don't believe that his attitude has really changed, but that he is just trying to win as many votes as possible from those voters who have something to do with Bitcoin. I remember that he was very negative when it came to Bitcoin, and that towards the end of his term he tried to push through some crazy measures that were then suspended by the Biden administration.

I honestly consider him a man with dangerous intentions in every respect, and I think that if he becomes president again, it will be bad for most people in the world. The man who called Bitcoin a scam a few years ago still thinks the same, and everything he is talking about now is cheap pre-election propaganda.

Quote from: https://markets.businessinsider.com/currencies/news/trump-bitcoin-commentary-seems-like-scam-against-the-us-dollar-2021-6-1030500598?op=1

The former US president told Fox Business' Stuart Varney: "Bitcoin, it just seems like a scam. I was surprised — you know, with us, it was at $6,000 and, much lower. I don't like it because it's another currency competing against the dollar, essentially it's a currency competing against the dollar." Trump also said that the currency of the world should be the US dollar and called for regulations on bitcoin. "I don't think we should have all of the bitcoins in the world out there. I think they should regulate them very very high, but the currency should be the dollar," he said.

I can understand the skepticsm and I reckon it is correct for the community that we should be skeptical. However, what do you speculate on what might happen after if Trump is elected president? Will he become traitor and join the grandma Elizabeth Warren on her anticrypto campaign or will he do what he has said and he will live with it one way or another?

electronicash

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it's politics so whichever the benefit politicians can go to that extent to get votes. the quote was cut. i do think he is aware of what is going on with currencies, CBDC, and crypto since he's been an investor all his life. in the end, Trump still likes the USD. this is his last conclusion to the question of Laura Ingraham

this is a soft stance to BTC though and Trump already benefited from the NFTs he sold in the past and he even sold his ETH too early from this bull run.

Topic: Donald Trump's stance on Bitcoin is changing - page 2. (Read 905 times)