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Topic: Donald Trump's stance on Bitcoin is changing - page 2. (Read 4907 times)

newbie
Activity: 24
Merit: 0
Since his election, Donald Trump has reportedly begun to reconsider his previous moves with Bitcoin. During a town hall event on Fox News, Trump was asked if adopting Bitcoin could be his next step. The host asked this question citing the crypto interest of the younger generation.
legendary
Activity: 3122
Merit: 1492
Congratulation to Donald Trump! Who would have assumed that he would win this election! Hopeful Grin Grin Grin

Can't get what you are trying to understand, Honestly, I was also not expecting him to win but it was not even shocking for me as I wasn't involved in-depth with the analysis of the election, but Bitcoin is still the same but the market sentiment did change after his victory.

Trump actually won the election on the day of the assassination attempt, by who is still unclear, but it's clear who it benefited. We see this kind of thing a lot in our country, and now the Americans have learned this strategy. The rise of Bitcoin has little to do with Trump winning the election. Bitcoin was already expected to rise around this time, independent of the results of the US election and this just happened.

I very much disagree that because bitcoin is expected to pump around this time then it is for certain to pump without a reason. Are you implying that this type inflows after the Donald's victory will always come even if Kamala has won the presidency? We cannot be certain of this.

However yes, it can be argued differently also. The present argument is the institutional investors were waiting for a procrypto president before making the decision to invest in bitcoin. I reckon we have witnessed this on the inflows on the bitcoin ETFs.
EFS
staff
Activity: 3934
Merit: 2224
Crypto Swap Exchange
Congratulation to Donald Trump! Who would have assumed that he would win this election! Hopeful Grin Grin Grin

Can't get what you are trying to understand, Honestly, I was also not expecting him to win but it was not even shocking for me as I wasn't involved in-depth with the analysis of the election, but Bitcoin is still the same but the market sentiment did change after his victory.

Trump actually won the election on the day of the assassination attempt, by who is still unclear, but it's clear who it benefited. We see this kind of thing a lot in our country, and now the Americans have learned this strategy. The rise of Bitcoin has little to do with Trump winning the election. Bitcoin was already expected to rise around this time, independent of the results of the US election and this just happened.
legendary
Activity: 966
Merit: 1042
#SWGT CERTIK Audited
Congratulation to Donald Trump! Who would have assumed that he would win this election! Hopeful Grin Grin Grin

Can't get what you are trying to understand, Honestly, I was also not expecting him to win but it was not even shocking for me as I wasn't involved in-depth with the analysis of the election, but Bitcoin is still the same but the market sentiment did change after his victory.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
The results are already coming, it is not just any pump but things can be better because the price of BTCreached a new high and that means a lot, God bless the government of Donald Trump and may he take it on the right path, for me that president will lead the world not only to the USA but the world to something much better, without wars and with an improvement in the economy that nobody expected to see.

BTC is the first asset that reacted, the US economy is not very good, but if they adopt BTC as they did in El Salvador it will be an example for the world, that regulations will end and they will make way for BTC.

I wouldn't say "regulations will end", but rather they will ease off in the upcoming administration. In other words, regulations will get lighter as the government takes a friendlier approach towards the crypto/Blockchain industry. With Gary Gensler's days counted, innovation and economic growth can flourish again. Bitcoin is one step closer towards $100k. Next target would be $1m. Just enjoy the ride by selling some BTC for profits. The next downtrend in market prices will the perfect opportunity to buy more coins at a discount.

Exciting times for BTC and DOGE holders. Especially when the beloved "meme" coin had a substantial increase in price of over 120% within a week. Talk about impressive results. Even higher gains than BTC itself. Although, DOGE hasn't reached a new ATH yet. I sure hope this craze doesn't impact BTC on-chain fees negatively. High transaction costs is a dealbreaker for many opting to use Bitcoin as a currency for day-to-day payments. Maybe developers will come up with another network upgrade as a short-term fix? I sure hope so. Mark my words, these next 4 years will be the best ones for the US and the world. Just you wait and see. Cheesy
sr. member
Activity: 658
Merit: 325
Rollbit.com
This is headshaking and also very funny! The mainstream media is beginning to use our terminology on certain occurrences hehehehehh. However, this also is giving everyone an assurance that the Trump pump is not anymore a speculation. The Trump pump is real.

Also, if Kamala has won the presidency, I reckon the market will be very much similar before the election. It would be very slow and boring hehehehe.



Bitcoin price tops $87,000 for first time amid ‘Trump pump’

Source https://www.theguardian.com/technology/2024/nov/11/bitcoin-price-tops-81000-trump-cryptocurrencies


Yes, the Trump pump is real and certainly not speculation because of course we have seen the price of BTC rise very high and of course I personally was also surprised by the movement of BTC which rose very high and also many people were fomo because they saw BTC rising at a good speed.

and of course we saw that at that time the price of BTC from $87k continued to rise upwards which I remember until it reached the price range of $93k and of course at that time I remember that from $87k it refused to go down. Of course, this indicates that the consequences of the American election had a very strong impact and of course Trump made people want to buy BTC and of course Trump was very great with his vision and mission which supports crypto.

Yes, if Kamala wins, I think BTC will definitely not be like it is now. Yes, the movement will definitely be slow, it's even possible that BTC prices will decline. but yes of course now Trump is ahead and of course now BTC holders are having fun. and honestly I hope there is no news that makes the price of BTC go down.
legendary
Activity: 3122
Merit: 1492
Congratulation to Donald Trump! Who would have assumed that he would win this election! Hopeful Grin Grin Grin
Hope for what? Where are his campaign promises? I understand that he hasn't been inaugurated yet, but still. He's some kind of shady guy. He hasn't even become the current president yet, and he's already aiming for a third term. Has he decided to usurp power in the country? If I were the citizens of this country, I would be wary and really strain my brain. Why is some failed businessman running such a strong country? You'll see. Nothing good will happen to this country under this character. There can be no talk of any greatness. Believe me, he deceived everyone in order to avoid criminal liability for his crimes. I would impeach him.

Agreed! I reckon there will be people who will never be happy with him if he is doing good things successfully and these people will cheer of this man's failures, however yes, he has very much everything to prove!

In any case on uncle Gary, it appears that our speculations are beginning to be proven correct heheheheh. He might retire after the Donald is inaugurated. Let the Trump pump on the cryptospace continue!



It’s only a matter of time.

On Thursday, Gary Gensler, the chair of the Securities and Exchange Commission, defended his record on crypto and strongly hinted he would soon leave the agency in a speech before a legal education institute on Thursday.


Read in full https://www.dlnews.com/articles/regulation/sec-chief-gary-gensler-signals-resignation-in-speech/
hero member
Activity: 1176
Merit: 578
Congratulation to Donald Trump! Who would have assumed that he would win this election! Hopeful Grin Grin Grin
Hope for what? Where are his campaign promises? I understand that he hasn't been inaugurated yet, but still. He's some kind of shady guy. He hasn't even become the current president yet, and he's already aiming for a third term. Has he decided to usurp power in the country? If I were the citizens of this country, I would be wary and really strain my brain. Why is some failed businessman running such a strong country? You'll see. Nothing good will happen to this country under this character. There can be no talk of any greatness. Believe me, he deceived everyone in order to avoid criminal liability for his crimes. I would impeach him.
legendary
Activity: 3122
Merit: 1492
I speculate that Trump's victory on the elections and having a Republican majority on the senate and congress might bring more regulatory clarity on the cryptospace because this new administration under the Donald Trump is procrypto.

The market's movement on the Republican takeover is clearly very positive because the expectations are also very positive. Uncle Gary might retire or he might be impeached, I reckon. I will certainly miss his comedy.



The Republican Party will keep the U.S. House of Representatives for the next two years, raising hopes for comprehensive crypto legislation in the next Congress and securing a Republican trifecta for at least the next two years.

Republicans already won the White House with Donald Trump's reelection, and flipped several Senate seats for a majority in the chamber of Congress during last week's election. The Associated Press projected that the party secured at least 218 seats late Wednesday.


Read in full https://www.coindesk.com/policy/2024/11/14/republicans-win-house-majority-completing-trifecta-in-2024-election-that-saw-donald-trump-win-second-term/
sr. member
Activity: 1092
Merit: 342
WOLFBET.COM - Exclusive VIP Rewards
The results are already coming, it is not just any pump but things can be better because the price of BTCreached a new high and that means a lot, God bless the government of Donald Trump and may he take it on the right path, for me that president will lead the world not only to the USA but the world to something much better, without wars and with an improvement in the economy that nobody expected to see.

BTC is the first asset that reacted, the US economy is not very good, but if they adopt BTC as they did in El Salvador it will be an example for the world, that regulations will end and they will make way for BTC.
legendary
Activity: 3122
Merit: 1492
However, this also is giving everyone an assurance that the Trump pump is not anymore a speculation. The Trump pump is real.

Also, if Kamala has won the presidency, I reckon the market will be very much similar before the election. It would be very slow and boring hehehehe.

Bitcoin price tops $87,000 for first time amid ‘Trump pump’
Trump pump? Lol! This is just a repeat of 2017 where BTC is blazing upwards thanks to crazy FOMO and it will fall back spectacularly 100% which is why this inorganic pump is a short-term burst.

Trump now holds the power to possibly send BTC and the crypto world into a downward spiral by simply retracting his words. Hope that doesn't happen though.

Agreed, however, this is only the beginning of the Trump pump. Have you read the article about the big inflows of fiat that went in the new mayor of bitcoin Larry Fink's spot ETF? It is more than $1 billion in only 24 hours, I reckon and this is only the beginning.

In any case, our attention should presently be on who will be the next treasury secretary because this will be a warning sign if the administration will be procrypto or anticrypto. We cannot trust only the words of the Donald heheheh. According to Polymarket, the next treasury secretary might be Scott Bessent.



However, who is this Scott Bessent? According to the source of this article, he is very procrypto heehehe.



Scott Bessent, one of the leading candidates for United States Treasury Secretary in President-elect Donald Trump’s incoming administration, has a friendly stance on cryptocurrencies like Bitcoin.

Bessent, founder of Key Square Group and former Soros Fund Management investing chief, is “very pro-crypto,” Fox Business journalist Eleanor Terrett said in a Nov. 11 X post.


Read in full https://cointelegraph.com/news/trump-leading-treasury-secretary-pick-pro-crypto
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
However, this also is giving everyone an assurance that the Trump pump is not anymore a speculation. The Trump pump is real.

Also, if Kamala has won the presidency, I reckon the market will be very much similar before the election. It would be very slow and boring hehehehe.

Bitcoin price tops $87,000 for first time amid ‘Trump pump’
Trump pump? Lol! This is just a repeat of 2017 where BTC is blazing upwards thanks to crazy FOMO and it will fall back spectacularly 100% which is why this inorganic pump is a short-term burst.

Trump now holds the power to possibly send BTC and the crypto world into a downward spiral by simply retracting his words. Hope that doesn't happen though.
sr. member
Activity: 1579
Merit: 267
Bitcoin is legal to hold and buy in the USA (and in China, Russia and El Salvador, and the UAE).

Most of Bitcoin is held by Americans, as far as we know. Most of the market for crypto is in the USA. Most of the Bitcoin hashrate is in the USA.

All of this occurred while Biden was president.

Asking a government to "embrace" crypto--in other words, use taxpayer money to prop it up--is a dangerous thing to ask for.
Do you know what the funniest thing is? No? Then I'll tell you. If the government wants, it will broadcast propaganda videos all day long about how citizens' taxes should be used to buy Bitcoins. This will benefit the country and so on. I'm sure that a large part of the population will agree with all this and accept it as something proper. Haven't we all been through this? Personally, in my country, everything is done this way. People are so stupid that you can screw any information into their heads.

You do make some good points here but I still don’t see how that can be a bad thing to create a strategic Bitcoin reserve. This is the same thing other nation states are doing and the US already has a crap ton of Bitcoin already albeit most of it is seized etc. Regulatory progress is good, making the USA more Bitcoin friendly still good, protecting American citizens right to hold custody of their own Bitcoin.

You get a "don't fret" at Elons if you keep it up.
legendary
Activity: 3122
Merit: 1492
This is headshaking and also very funny! The mainstream media is beginning to use our terminology on certain occurrences hehehehehh. However, this also is giving everyone an assurance that the Trump pump is not anymore a speculation. The Trump pump is real.

Also, if Kamala has won the presidency, I reckon the market will be very much similar before the election. It would be very slow and boring hehehehe.



Bitcoin price tops $87,000 for first time amid ‘Trump pump’

Source https://www.theguardian.com/technology/2024/nov/11/bitcoin-price-tops-81000-trump-cryptocurrencies
legendary
Activity: 3122
Merit: 1492
Bitcoin is legal to hold and buy in the USA (and in China, Russia and El Salvador, and the UAE).

Most of Bitcoin is held by Americans, as far as we know. Most of the market for crypto is in the USA. Most of the Bitcoin hashrate is in the USA.

All of this occurred while Biden was president.

Asking a government to "embrace" crypto--in other words, use taxpayer money to prop it up--is a dangerous thing to ask for.
Do you know what the funniest thing is? No? Then I'll tell you. If the government wants, it will broadcast propaganda videos all day long about how citizens' taxes should be used to buy Bitcoins. This will benefit the country and so on. I'm sure that a large part of the population will agree with all this and accept it as something proper. Haven't we all been through this? Personally, in my country, everything is done this way. People are so stupid that you can screw any information into their heads.

Agreed! However, I reckon this is not stupidity. This is a repetitive brainwashing technic very much similar to what is happening to the people who go to church every Sunday to be given their weekly sermon of propaganda to control them and make them become the sheep of the sermon givers who are telling the sheep to give their money away hehehehe.
?
Activity: -
Merit: -
Congratulation to Donald Trump! Who would have assumed that he would win this election! Hopeful Grin Grin Grin
member
Activity: 182
Merit: 47
You do make some good points here but I still don’t see how that can be a bad thing to create a strategic Bitcoin reserve. This is the same thing other nation states are doing and the US already has a crap ton of Bitcoin already albeit most of it is seized etc. Regulatory progress is good, making the USA more Bitcoin friendly still good, protecting American citizens right to hold custody of their own Bitcoin.

Because if you ask US taxpayers to prop up your investment, than US taxpayers are going to want something in return.

The reason the US has a strategic oil reserve, for instance, is to make it so the government can force the price to go down by selling it off when prices of gas go to high for American consumers. What possible benefit is it to American taxpayers (all taxpayers, not just a few) to see Bitcoin increase in price?

You might as well be asking the US government to buy shares of AAPL or NVDA or buy thousands of Tesla cars: it's just transferring US taxpayer money to small number of rich investors.

hero member
Activity: 1386
Merit: 599
Bitcoin is legal to hold and buy in the USA (and in China, Russia and El Salvador, and the UAE).

Most of Bitcoin is held by Americans, as far as we know. Most of the market for crypto is in the USA. Most of the Bitcoin hashrate is in the USA.

All of this occurred while Biden was president.

Asking a government to "embrace" crypto--in other words, use taxpayer money to prop it up--is a dangerous thing to ask for.
Do you know what the funniest thing is? No? Then I'll tell you. If the government wants, it will broadcast propaganda videos all day long about how citizens' taxes should be used to buy Bitcoins. This will benefit the country and so on. I'm sure that a large part of the population will agree with all this and accept it as something proper. Haven't we all been through this? Personally, in my country, everything is done this way. People are so stupid that you can screw any information into their heads.

You do make some good points here but I still don’t see how that can be a bad thing to create a strategic Bitcoin reserve. This is the same thing other nation states are doing and the US already has a crap ton of Bitcoin already albeit most of it is seized etc. Regulatory progress is good, making the USA more Bitcoin friendly still good, protecting American citizens right to hold custody of their own Bitcoin.
hero member
Activity: 1176
Merit: 578
Bitcoin is legal to hold and buy in the USA (and in China, Russia and El Salvador, and the UAE).

Most of Bitcoin is held by Americans, as far as we know. Most of the market for crypto is in the USA. Most of the Bitcoin hashrate is in the USA.

All of this occurred while Biden was president.

Asking a government to "embrace" crypto--in other words, use taxpayer money to prop it up--is a dangerous thing to ask for.
Do you know what the funniest thing is? No? Then I'll tell you. If the government wants, it will broadcast propaganda videos all day long about how citizens' taxes should be used to buy Bitcoins. This will benefit the country and so on. I'm sure that a large part of the population will agree with all this and accept it as something proper. Haven't we all been through this? Personally, in my country, everything is done this way. People are so stupid that you can screw any information into their heads.
legendary
Activity: 3122
Merit: 1492
We have certainly witnessed the realness of the Trump pump! This was beginning when he announced his procrypto agenda, this was also doubted when it appeared that he might not win the presidency and this is presently being witnessed that the Trump pump is real!

What are everyone's predictions on where the bubble pop of this bull market might occur? Will this be on $690,420?


Kamala asking her adviser if it is too late to stage her own assassination attempt
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