Topic: Donald Trump's stance on Bitcoin is changing - page 3. (Read 4907 times)

It appears that they have created a new storyline that it does not matter for the price of bitcoin who will win the election. This might be true, however, I cannot 100% agree. A new administration that expresses that they will 100% support the cryptospace would certainly be more bullish than an administration that only continues the present administration.



The Bitcoin ‘Trump trade’ is dead. Here’s what it means for the price

Bernstein once painted the US election as a choice between Bitcoin reaching $90,000 under Donald Trump or the cryptocurrency plunging to $30,000 with Kamala Harris.

The Wall Street research firm has since changed its tune, saying”momentum should continue regardless of election outcome.”

That’s a dramatic about-face.

Read in full https://www.dlnews.com/articles/people-culture/why-the-bitcoin-trump-trade-is-dead/

Elon Musk is test streaming to prepare for a live streaming interview session with Donald Trump tomorrow on Twitter spaces through @realDonaldTrump account. This certainly will be headshaking if this freezes Twitter because of too many listeners hehehehe.



https://x.com/elonmusk/status/1822810216351805578

Politicians are almost the same, they look for the crowd and they also look for where the sits of power or wealth is clustered to render speeches which may not hold water at that moment just in other to canvas votes but I tell you this, they say a million things just to gain people's votes and win but when they are in office they find it difficult to implement one third of their so called promises, Though, Donald Trump's last speech is doing BTC and crypto good now but his motives will only be known after the U.S coming elections.

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.

Exactly. The Harris campaign is yet to announce its support towards the crypto/Blockchain industry. This is not surprising, especially when Kamala Harris is part of the anti-crypto Biden administration. With a key figure like Elizabeth Warren in the Democratic Party, don't expect things to get better for crypto with Harris onboard. The left simply doesn't find crypto appealing. Only the right does. Republicans are ready to embrace the revolution like never before.

If Trump goes ahead as promised, America will be back at the center stage of crypto. I sure hope he wins. Otherwise, expect regulations to get tougher until America gets left behind in the dust. If countries like China, Russia, El Salvador, and the UAE are embracing crypto, why can't the US do the same? The future is unpredictable, so I'd hope for the best.

It appears that in this election campaign, it will not only be the Trump pump. There are rumors that are beginning to circulate that Kamala Harris and her team will also create their own procrypto campaign to win the election on November. There are also other rumors that have mentioned there were politicians from the Democratic party that have begun to have meetings with some of the executives of the companies from the cryptospace. Will the Harris pump also begin? I very much wish yes heheheheheheh.

It is certainly logical thinking. It is really not possible to determine all positions, whether support or opposition, until the last moments of voting day. But I spoke about voters in the crypto space because their options are very limited and they only have two options, one candidate for and the other against, meaning it is obvious that they will be on Trump's side if we consider that the Democrats will not change their position on crypto overnight.

The Democrats' position on crypto is clear and unambiguous, and therefore all those who are enthusiastic about the recovery of the crypto sector during the next presidential term have no expectations from the Democrats, who have not shown any support for this sector and seem completely opposed to it. At the same time, I can’t trust Trump’s promises too much, especially if they come within the framework of an election campaign in the race for the presidency. Everything that Trump is currently promising could have been achieved in whole or in part during his previous term, especially since the Republicans were making a big difference in Congress. I also partially agree with you that the crypto sector may have been a little more prosperous under Trump, but this does not mean that there are no restrictions at all, and Trump himself was hesitant between support and opposition, so he only consolidated the situation, or one might say that he postponed it.

I appears that we are being given with some measure of reality from this interview with Arthur Hayes hehehe. He does not believe that Trump can bring big changes in the cryptospace in America because many of the government officials who lead these different departments and agencies are from banks. They are placed there to protect the banks.

It is making it appear that if Trump wins the presidency, this will be a very headshaking situation for him. Much of the promises made might not be fulfilled. My only wish is he will free Ross.



On the election

AH: They think Trump says the right things and so he’s going to make it happen faster. [Donald] Trump or [Kamala] Harris, it doesn’t matter.

DLN: Why?

AH: Yes, crypto donates a lot of money. But I don’t think you’ve donated enough to outpace a JPMorgan, a Morgan Stanley, a Citibank, a Goldman Sachs.

And if you think about who is staffed and all of these agencies, it’s all people who came from these banks.

So while it’d be great if Trump got elected and he did all these things, I think he might run into the same problem he ran into his first term.

You can say all these nice things and try all these policies, but if the entire government organisation is opposed to them, then nothing gets done.

Read in full https://www.dlnews.com/articles/people-culture/arthur-hayes-on-donald-trump-and-gary-gensler-and-blackrock/

Some recent surveys show that the race between Trump and Harris is very close, Trump seems to be leading but the gap is not large. I don't think the Republican Party is underestimating their opponents, on the contrary, they are having some problems when they have to start the election campaign from the beginning. Because all the previous preparations were for Biden, not Harris, and they need a new plan.

Polls don't tell anything because most surveys are based on just 1,000 to 3,000 random voters and are too small to make an accurate assessment. Not to mention, the decision to win or lose will depend largely on electoral votes, not the popular vote. That's why surveys always have results that are wrong compared to the final results of the election.


Blue is the electoral college, black is the popular vote. We can see that electoral votes are the deciding factor in election results.
https://www.statista.com/statistics/1034688/share-electoral-popular-votes-each-president-since-1789/

@hd49728. Agreed. I was only speculating on what might be happening at present and that the Republicans should not underestimate Harris. Trump might presently appear to be the stronger candidate today, however, with the elections remaining to be 3 months away, Trump's lead in the polls can be overtaken.

For example if the assassination attempt on Trump occurred on October, this would for certain make Trump the president because they will be having the hype on voting day.

On the polls, also agreed! However, this is a good indicator on what is happening. If the polls are very close between Trump and Harris, then Harris will have a chance despite Trump's popularity.

Many people in the USA. already have their choices and won't change it at the Election day. Other people who are fluctuating their thinking and choices on Trump and Harris, will not make their solid choice now and in coming months. They will likely make their final decisions on the election day but I see your thinking is logical, honestly.

Using all things you have too early can be a double-edged weapon but honestly I don't know what are reserved by Trump and Harris till the election day. We will know when time goes by all things we are discussing now are pure speculation. These politicians and their consultants know what they are going to do, not outsiders like us.

Leading polls does not mean winning the election!

@Kavelj22. I reckon that for those who are from the cryptospace who are also in support of Donald Trump, it appears that the hype for him has come very early. The elections are going to be on November and if the hype for him arrives too early, it will be exhausted by the time of the elections. This will certainly give Kamala Harris an opportunity to gather more support and get more hype for herself with the correct timing.

I will not be shocked if we witness Harris will be leading the polls on October hehehehe.

It is unfortunate to admit that the crypto community is the only one who cares about these conferences and eagerly awaits their outcomes regardless of their organization formats or even their seriousness. We can understand this within the framework of the collective enthusiasm to spread the culture of crypto and blockchain in general, which usually contributes to influencing the price movement of these assets on the markets.

The recent conference in Nashville is not the first of its kind in the United States, but this time it received exaggerated attention due to its coincidence with the ongoing election campaigns and how some candidates exploited it to promote themselves.

Following the same logic, it can also be concluded that the popular base of crypto has expanded and that this base has become important in political and financial considerations, whether on a local scale (the United States as an example) or globally, such as the one that will be held later in the United Arab Emirates, given that the Emirates currently represents the most important global center for modern technology. The Trump campaign is well aware of the importance of these conferences in mobilizing supporters from outside the Republican Party, especially if we adopt the assumption that the crypto community does not adopt any partisan ideology.

I don't want to sound completely pessimistic about these events, so I will hope that Trump will be able to support this sector, although this seems to be an internal American matter, but I am well aware of its impact on the global crypto community.

Trump's strategy is very simple, he will tell you anything, anything voters want to hear, just so they vote for him. He has already participated in elections, he understands how everything works, the most important thing is to win, and then you can not fulfill what you promised, because then he will have too many other things to think except about bitcoin, about Gensler and everything he is saying now. Miley also talked a lot during the election campaigns, but what of what he said did he implement?

Hehehe it is very easy to check this with cousin Google hehe. There was also another presidential candidate before who declared that he will fire a SEC chairman. This is John McClain. However, when this was checked if he could do this it was confirmed that he cannot. He was only saying this to gather more votes hehehe.

He needs to understand more of this currency. Soon if he will find time to dig deep on this market, he will realize what he said is somewhat not making sense. But can we say, that's a good start, making positive remarks towards this industry and accepting the potential of this currency in government's transactions?

I saw that interview. I am not sure how you picked that from it, but nothing in that supported the idea that he would understand what crypto or bitcoin is.

Here's the quote:

How does that work and how is that a plan? Is he planning to launch his own token? And it's not like rest of it made more sense. People who understand anything about crypto don't talk that way.
Link to the clip from it: https://x.com/atrupar/status/1819379866732462375

I'm just coming back from one Article about Trump sayimg US debt settlement with crypto check and handling them some Bitcoin and at this juncture, I will say that Trump is really smart. Yea, he is a one of the manipulative person, he is doing and bidding to what crypto community want and anyone appointed to him as a crypto lead and head campaign understand what crypto community has been wanting to get and that's exactly what he is doing to get the attention and all for what? It's just the VOTE.

I will take half bake Biden and Kamala for this safe crypto than what Trump is promising. By the way, the SEC office has been political and anyone could appoint who he want as long as his economy is working Gary Gensler wasn't there before and wouldn't be the last, this is why I'm not even flinching by all this bla bla bla things and talk.

We all know "Big Tech" is sided with the Democrats. Even Amazon's Jeff Bezos made a sizeable contribution (donation) to the Democratic Party (during Biden's 2020 campaign). Companies that are part of "Big Tech" (Google, Facebook, Amazon, Apple, etc) will manipulate the media in favor of the Democrats. Thank goodness Elon Musk bought Twitter (now X) and turned it into a "free speech" platform. Else, it would be in the same boat.

With Elon Musk (the world's richest man) in support of Donald Trump, there's a high chance Republicans will win back the White House. They might even win both chambers of Congress (House and Senate). The crypto industry has greater chances of success with Trump than Harris. She didn't even attend the 2024 Bitcoin conference. Actions talk more than words. Hopefully, there would be a "red wave" by 2025.

^^ I'm not really sure about the law in the US, but I think some positions are tied with the sitting President specially if they are appointed or at least nominated by Biden? So if that is the case, then if by chance Trump win, then Gensler will be replaced and Trump going to nominate a potential SEC chair. And so when pro crypto heard that he is going to fire Gensler, it could be true under their law. But it's not like going to be a big deal in my opinion as this is a normal practice by a incoming US President. And lest we forget, during Trump's presidency, he had Jay Clayton who file a case against Ripple.