Donald Trump's stance on Bitcoin is changing - page 4.

Huppercase

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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.

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

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe. This is certainly shocking and very unexpected. I did not know bitcoin and the cryptospace would bring him much votes because why is he doing this if this is not a trick for bitcoiners to vote him?

Former United States President Donald Trump and the leading Republican candidate for November’s election appears to be warming toward Bitcoin BTC +1.25% , having been critical of cryptocurrencies in the past.

In January, Trump said he'll “never allow” central bank digital currency issuance in the U.S. if elected. “Such a currency would give the federal government, our federal government, absolute control over your money… They could take your money and you wouldn’t even know it was gone,” he warned at the time.

In a recent town hall on Fox News, alongside South Carolina Senator Tim Scott, Trump was asked if the next logical step was for him to embrace Bitcoin, given that it’s decentralized, the government can't get its hands on it and all the young people who are particularly interested in it, host Laura Ingraham suggested.

“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.”

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

Frankly, I'm not surprised by this news. More and more Bitcoin naysayers are admitting Bitcoin is here to stay (except Jamie Dimon haha). Trump is not stupid, he can see the positive aspects of Bitcoin.

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Quote from: pooya87 on February 25, 2024, 11:57:51 AM

I seriously doubt he even knows what Bitcoin is. His advisers probably told him that it is a buzzword that could potentially get him some votes. Otherwise politicians' stance on Bitcoin, specially in US, is not going to change much. They hate it but they don't want to show it...

Everyone loves Bitcoin in his personal views but once he take over a public office his views are according to that office. May be Trump has knowledge of Bitcoin but once he take over the seat of President of USA his views will be according to US government policy. There is little chance that stance of USA government will change about Bitcoin whether president is Trump, Biden or any other person.

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Don't get such a hard on for Trump guys, remember that he's a politician and a businessman, he's got a way with his words, you see how he didn't directly addressed bitcoin but mentioned it as a subtopic, a classic politician's tactic of getting out of the question without completely dismissing it. We all need to remember that no matter who we vote, the government is never the friend of bitcoin in the first place, ever in the span of bitcoin, the government will always find ways to antagonize bitcoin if not the people that are using it. Vote wisely and make sure that you're putting the right people in office to run your country.

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I seriously doubt he even knows what Bitcoin is. His advisers probably told him that it is a buzzword that could potentially get him some votes. Otherwise politicians' stance on Bitcoin, specially in US, is not going to change much. They hate it but they don't want to show it...

eightdots

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

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe. This is certainly shocking and very unexpected. I did not know bitcoin and the cryptospace would bring him much votes because why is he doing this if this is not a trick for bitcoiners to vote him?

In politics, we can hear all kinds of unconventional remarks. There may be politicians who adopt unexpected ideas or not. All of this is vote potential and no one can ignore this vote potential.

Bitcoin has already been embraced and we can see this with the approval of ETFs. Bitcoin is no longer an unknown topic for America. That's why we often hear positive things about Bitcoin from politicians.

When listening to a politician, it is important to understand what he actually wants to say. Sometimes it is hard to see the message, but it is still important to be careful when listening to politicians and analyze their words in detail.

Rufsilf

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Like most people on this topic, I don't think I can completely trust what politicians have to say. Because, in my opinion, they frequently change their statements to reflect the opinions of the voters at the time. From his previous remarks, I find it hard to believe that Trump has been showing an interest in bitcoin lately. After all, as a politician, he is constantly changing his statements to fit the narrative and win over support from voters as the election approaches. I believe that one strategy used by politicians worldwide is to influence public opinion through their words and uncertain promises.

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I personally wouldn't trust a politician. Looking at the current situation of the primaries, Biden doesn't look like a strong contender against Donald Trump. As of now, Donald is leading with 107 delegates against 91 for Biden. So the chance is very high.

But when it comes to Bitcoin and what Donald trump thinks about it, I wouldn't trust him. It is very well possible for him to manipulate the crowd by showing support towards cryptocurrency. Could be a way to gather the vote from crypto community who are under constant attack from the regulatory agencies in US. Don't jump into conclusion yet. Let's wait and watch.

thecodebear

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ewwwwww. Trump is the most corrupt awful incompetent politician America has ever had. Nobody with any sense of reason or morality supports that terrorist. Him maybe starting to kind of like Bitcoin does absolutely nothing to change absolutely everything else about him. OP, if you don't know anything about Trump please don't post on here like it might be good if he became president again just because he may end up liking bitcoin a little bit.

Anyway, there's a very good chance he'll be spending the rest of his life in prison soon with all the trials going on right now, rather than terrorizing America from the white house. As an American, Trump serving the rest of his life in prison for his many awful crimes against America is the only outcome that would help America regain its standing in the world. Bitcoin will be fine.

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Quote from: _act_ on February 25, 2024, 05:37:50 AM

Did you think that Trump will not win the primaries flawlessly? He would have won becuase he is very influential and he was the former United States president. The only obstacle he has in the presidential election is his rival Biden which is the present US president.

The crypto community also commented that he may be looking for vote from crypto community. But be it that, I like that the adoption of bitcoin has proven itself with masses which are now bitcoin holders and the approval of bitcoin ETF in the United States.

When Trump really wins to be the President of the US, for sure, the US will be relaxed about blockchain technology and other digital currencies like Bitcoin, cryptocurrency, and NFTs. I even remember that Trump bought an NFT that was worth millions of dollars.

It's just that he should get over what Biden did to him again, because in the last election, I don't seem to understand if Trump was cheated by Biden, because when it comes to campaigns, there are always only a few people who show up for Biden, and while Trump was in a rush and then Biden won in a blink of an eye, I hope that doesn't happen again.

cr1776

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After PayPal, Stripe etc cut off some Trump related entities from them back in Jan 2021, e.g. unbanked them he should be embracing it. A censorship resistant form of money helps everyone avoid the fascist authoritarian tendencies of many of the left who want to cut people they disagree with off from the financial system.

If those types of entities are willing to cut off the President of the United States and a billionaire at that, no one else is safe.

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You have to read between the lines when politicians say anything, because it always has some kind of agenda.

His team obviously noticed that a lot more people are now interrested in Bitcoin and that it is a untapped opportunity to get more voters, if they start to support it.

In the end, whatever they say now... will change a lot by the time when they win the election.

pakhitheboss

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He is a politician and everything that he says is for his benefit. Considering his new statement on Bitcoin does not make him a Bitcoin enthusiast and someone interested in Bitcoin as he is a real estate guy. I think he saying it because of Vivek Ramaswamy as he was one of the big advocates of Bitcoin. I was able to find his vision about Bitcoin and other cryptocurrencies in this article. We all know why he withdrew from the contest and it is his influence that has prompted Trump to talk about Bitcoin and his vision if he gets elected as a President of the US.

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Having previously called Bitcoin a scam, I was really surprised to hear Donald Trump put out some good words about Bitcoin. My question is what really changed? First, he publicly condemned CBDC and labelled it a surveillance tool and now he's saying he can accept Bitcoin. To be honest, I find hard to believe that his comments are genuine. He's a politician and will always talk like one, he's saying all this to garner support for the forth coming election.

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Quote from: Marvelockg on February 25, 2024, 05:57:54 AM

politician have mastered the art of manipulating peoples minds whenever they are at the pole and this might just be a tricky tactics to get the attention of the voting population in the crypto space and i sure know he is achieving the needed attention. bitcoin adoption has spread across the globe and bitcoin users are mostly youth which are his primary target that will give him the needed vote or help spread his popularity to other youth that will help him at the pol so its not something that should be taken seriously.

but its also a two sided win because as long as he has made theses series of statements that suggest that he supports bitcoin adoption, its a plus for the bitcoin community and will surely make other top leaders have a rethink on their stand regarding the adoption of bitcoin in their country

Manipulating is the art and skill have for all politician by giving large dreaming when becoming the president, I don't really sure with bitcoin speculation under the era of Donald Trump will get regulation or space in United State. He was former of United State president last edition before losing election campaign from Joe Biden but five years become United State president, Donald Trump never giving announcement or his interested to make bitcoin get more space in United State.

Don't easily believe the promises of politicians, it's just an art or trick they create to get sympathy from the public and it's difficult for anyone in the future who wins and becomes president of their union to make bitcoin as legal currency transaction in the future. Who ever the winner or United State election in several months later I don't sure they have compete to make bitcoin become legal currency transaction.

Shishir99

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LOL. Whatever those political leaders say is just to get some attention and possible votes and support from the Bitcoin community. I do not think they speak anything genuinely like Nayib Bukele. I call this as dirty lies. We all know that politicians lie to get votes and it's happened all over the world, Not only in the US. I heard the Trump has a negative point of view about Bitcoin but do you want me to believe that it's changed already? Or it's just another try to get some attention and some support from the Bitcoiners? Maybe yes, maybe not. I am not a USA citizen and I don't know about them well. So, better to just watch peacefully.

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

~

I am not surprised really because I have always expected it, that the opinions of some top people in government and other powerful individuals will change with time. I am more concerned about their followers, the people who consider them as mentors and the model they look up to, I am concerned for the ones who have followed so blindly the opinions of these people on bitcoins before, and because of that did not invest in bitcoins and lost the opportunity of investing early.

As an educated individual, it should be a personal responsibility to not be misled by even people you consider your mentors, always very any information you get before you accept it.

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Quote from: _act_ on February 25, 2024, 05:37:50 AM

Did you think that Trump will not win the primaries flawlessly? He would have won becuase he is very influential and he was the former United States president. The only obstacle he has in the presidential election is his rival Biden which is the present US president.

The crypto community also commented that he may be looking for vote from crypto community. But be it that, I like that the adoption of bitcoin has proven itself with masses which are now bitcoin holders and the approval of bitcoin ETF in the United States.

For politicians, no matter how small their vote share is, if it has the potential to increase the electability of elections then this will be considered the right object. Even though Trump shows partiality or is open this does not mean that Bitcoin will easily be opened in the US if elected. The policy requires the approval of many parties and the process is very gradual to legalize additional currency where this additional currency cannot be controlled automatically which is very difficult. Because the state needs full control in order to have stability in state treasury revenues. All politicians make Bitcoiner voices their main attraction and embracing all groups needs to be done during the campaign.

However based on my observations Trump could be better than Biden leadership, for some reason Trump figure has charisma and authority in the eyes of other countries.

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Quote from: _act_ on February 25, 2024, 05:37:50 AM

The crypto community also commented that he may be looking for vote from crypto community. But be it that, I like that the adoption of bitcoin has proven itself with masses which are now bitcoin holders and the approval of bitcoin ETF in the United States.

I will think and comment the same knowing he will run in the next election. But what Trump said about bitcoin is true^{("it's taken on a life of its own")}. I bet others (candidates) will say the same sentiments knowing that there is already an ETF approved in the US. Bitcoin will likely be adopted whoever is in the position as long as the country itself doesn't banned it.

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It only makes sense for him to be a Dollar supporter since he wants to be the president of the United States. What was he gonna do? Badmouth the dollar and support bitcoin? Wouldn't that be treason? I mean the USD is the national currency of the US and he is the ex president. I find his last speech very positive for bitcoin. He is not exactly hating USD and he is not hating BTC too. You can't expect anything better than him. He will never say for example: "Alright, we are going to leave USD and use BTC as our national currency starting from tomorrow." That's not going to happen. It doesn't matter who the president is, Trump or Biden or anybody else. As long as they are not banning crypto, they are supporting it. (Biden or Trump or whoever) That's the only support we need from them. We didn't even need an ETF... Honestly, we were better without an ETF.

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