Topic: Has Trump helped Bitcoin already? Let's be reasonable! - page 4. (Read 863 times)

No one helped Bitcoin.

People said Elon Musk's tweet make Bitcoin price increase, Tesla stop accepting Bitcoin make Bitcoin price dump, Trump talking about Bitcoin make Bitcoin price increase, Warren Buffet saying Bitcoin is a bubble make Bitcoin price dump etc.

They're have no correlation with Bitcoin, the only reason why Bitcoin price increase or decrease is from supply and demand.

As long as they didn't spend a lot money to buy Bitcoin or selling their coins, they have zero impact.

This is what I have been saying for a while now. Not that I have a standing in regards to his presidency but I know he's been a big antagonist of cryptocurrencies back when he was still seated, most presidents are anyways, and now that he's looking to have a seat at the top echelon again he's suddenly all for bitcoin? And I'm not too interested with what he proposed (effectively creating a treasury of bitcoin that they'd probably use as reserve currency for when shit hits the fan). I don't like it cause it reduces bitcoin and cryptocurrencies into nothing but a way for these motherfucks to bolster their economy, when it was supposed to be for the people and the advancement of technology in the first place. It's just stupid.

I implore people to really see what this sudden change in his disposition for what it is, just a tactic to gather more votes. Soon as he gets seated pretty sure that he's not gonna do shit about it, may even go so far as to double down on his hatred towards cryptocurrencies.

I be naughty so you can look like a saint in comparison. That Trump?

New keyboard here. Silicone rubber. Washable.

Trump has never helped bitcoin but it’s him who’s starting to benefit from bitcoin. That’s the reality that even himself is completely aware of it. Because of bitcoin, he’s probably more confident now to beat Harris believing that he will be the bitcoin’s community favorite now. However I believe the bitcoin’s community will never allow to get deceived of course, if Trump is using bitcoin, then we will make sure that we will also get to benefit from Trump from hyping bitcoin.

Change the narrative and it should be "Does bitcoin help Trump?" since for sure every result or post answered to that question is Trump is the one who gain benefits from bitcoin.

Every thing he do for now is to talk about this coin and hype their crowd. But so far there's no remarkable action or other helpful things he done for bitcoin since maybe he don't have power yet to create law and regulate it.

But even if there's lot of doubts about Trumps support on crypto and bitcoin still wanna see him show that he's true to his word and totally support bitcoin.

This is really something that we should be very careful with our decision. Both Harris and Trump may possibly become threats for crypto after election, and forget all what they’ve said in the campaign period.

 However, despite how Trump condemned bitcoin in the past, now he is already giving full support for crypto or bitcoin which isn’t a surprise because he is in need for his winning votes from bitcoin community. So if he’ll be given a chance to win in the upcoming election and fulfill his bitcoin goals, then we will greatly benefit from it, compared to Harris who’s clearly seen to be less supportive for crypto, how much more if she’ll win, she’ll even forget about crypto and its community.

To be honest, Trump has not done anything for bitcoin and us so far, but we cannot rush to assert that he will break his promises or not deliver on what he claims if elected. Everything is still unknown, no one has the right to judge anyone at the present time when the final election results are not yet available. On the opposite side, Biden or Kamala made almost no statements related to cryptocurrency during their election campaign. That shows that no matter which Democrats are elected, they still do not want to appear as crypto-friendly as the current administration is treating the crypto industry.

OP, have you checked the markets today, a recession is approaching under Biden's presidency. I don't think any of us want this situation to continue so there is no reason to continue voting for Democratic candidates.

Trump has helped highlight how utterly stupid and gullible some people around here are.  That's about it, though.

It's politics. If you ever start believing in politicians, be aware first if it's a period where there's something political related that they need support in, and if it's so, then yeah, you're probably being fooled, as usual, by politics. IF he actually gave a damn about crypto, he would've done something about it before the election period even began. And then milked people for their support afterwards. Pretty sure no one would complain if that was the order of events.

Have to agree with this one despite what I said earlier lol. This is regardless of what would they do to crypto really since if I were to pick between Harris and Trump, definitely would go for Trump.

I meant it, too. Because Harris' position can be seen now and all the time when she was around Biden. Nothing new. But if she becomes the new president (I think about it with horror), then not only should we not count on Bitcoin support, but everything else will go to hell.

For now the lesser evil is Trump so most provably people will go with him since for sure he will not do anything bad to bitcoin since he include on each speech he made when he try to convince and win the heart of people.

But we cannot really expect anything huge from them since provably they still protect their own interest and for sure that crypto will be less in their priority. But good thing about it if they win is for sure they would let people to use bitcoin and they don't put heavy restriction. For me that's fine since as long as people could use bitcoin in their country then I guess everything still fine. Trump is really so smart for creating good gimmicks that's one of reason why he easily catch the interest of people.

I'm not in doubt that Trump has been politicizing the existence of bitcoin for his political interests and I still can't find a proof that this same one man bitcoin enthusiast can influence a whole global bitcoin market as rumours speculates that Donald Trumps political image has influences over bitcoin price.
But though, I agree that he can influence bitcoin to attract more adoptors as a global political influencer he's but not to say that he has the audacity to twart or determine the price of bitcoin.

I thought about it, too. Is the choice so wide? Probably the better choice of two evils is always the lesser. Any politician goes straight ahead. He will talk about his interests to those who are interested in something, just to support his person. How many politicians do we know who have fulfilled their promises? Trump is the same; everything he wants to popularize today will become forbidden tomorrow. His slogan "Make America Great Again" can be viewed from all sides, but the result, alas, will be the same. Everything that concerns freedom is unacceptable.

It’s recognizable that his relationship with Bitcoin has been complex. He previously criticized Bitcoin, but during his 2024 speech, he praised its achievements. He even likened Bitcoin enthusiasts to historical innovators like Edison and the Wright brothers. However, actions speak louder than words.

This is bout facing the reality rather than getting caught up in hype. His recent interest in Bitcoin seems more like a strategic move to gain support rather than a genuine endorsement. Given his past condemnation of Bitcoin, his sudden shift to painting himself as its champion is suspect.

IMO those who eligible to vote should consider other aspect besides cryptocurrency regulation as well. For example, Trump's Project 2025 also contain draconian policies on many fields.


Actually there are other candidates[1], but there's almost no chance they'll win.

[1] https://www.nytimes.com/interactive/2023/us/politics/presidential-candidates-2024.html

If we don't vote for Trump, should we vote for the Democrats, for Harris? The one who will almost certainly continue to pursue the draconian policies toward crypto and crypto that Biden left behind?

Everyone knows that the nature of politicians is to be very cunning, deceitful and even regardless of everything just to achieve their goals. Those who vote for Trump do not mean they completely trust Trump or turn him into a cult that obeys him. They voted for him as if they were betting and giving themselves a chance because if he is elected and keeps his promise, the crypto industry will have a chance to grow stronger. Meanwhile, if we vote for Harris, we have almost no chance at all.

We only have 2 candidates, meaning we only have 2 options and can only choose 1 of the 2, we don't have a third choice that is better than those 2 people. That's the problem.

I use to classify adage based on situation, and their is an old adage I will like us to reference to in this statement which goes like me this.

Show me a prostitute who is a Virgin, and I will show you a politician who doesn't lie.

Note this is not about lieing but a point to take cognisance of, because Trump falls under such category as a politician, take whatever promises they make during campaign as just sermon, and the real action will come when they get to office, so regardless of what Trump promised the cryptocurrency community in the bitcoin conference, still will not hold ground on the long, if he falls to act accordingly to his promise regarding cryptocurrency no one will question him, since it just campaign and not policies of government, so no evidence to prove his actions and inaction in such instances, so let not be overly concerned with his speech now and all through the campaign and election period, because that is just a tool, Trump is using to gain the interest of the citizens in his direction, so we have to come up with some more valuable discussions and try as much as possible to pay less attention to Trump or any other politicians who may deverse a means to use cryptocurrency popularity to build more votes for themselves.
It's likely that we may still see the others condenders in this election employing other means aside from cryptocurrency to build that followership from the electorates, between that and bitcoin we should know that it just a means to a politician to use whatever aspects they see that is a concern and have the interest of the verse majority's to campaign with.

There is no ban on using Bitcoin as a political issue. You must know, politics always uses any side to get sympathizers as supporters. Regardless of what Trump looks like, I feel he has made an impact for Bitcoin. It's not a fake or genuine problem, but crypto is currently in the business industry. The ultimate goal of the majority of investors is that money is not a profitable adoption such as a means of exchange or digital money. Most have understood this condition, not many people have purely become a bitcoin adopter without thinking about profits. When a person wants to be bold or have an impact, he must have power and Trump is doing that process through election as a presidential candidate.

Trump will want or not want, will successfully do or fail to do something for Bitcoin and cryptocurrency industry, only time can tell. He as a President, can not do everything with given power and rights under the USA. Constitution, it's reality.

But let me ask you, do you think that is it coincidence that Bitcoin Spot ETFs and Ethereum Spot ETFs were approved recent months in 2024, the President Election Year?

It's not coincidence, there are reasons behind it and I don't attribute it all to Trump but the fact is under pressure of US. citizens and politicians of the opposite party, the White House and Biden administration had to change, they have no choice. Attribute it to Trump, to Republic Party, you decide, I am not argue with you on it.

Trump is a politician, and anyone who is listening to his speech and promises about what he will do for bitcoin should have it in mind that politicians primarily objective is for their own personal gain before that of the public will comes in, and aside from him being anti-Bitcoin in the past, what he is fighting for is to retake a public office and not his private organisation, where he will be the sole decision maker.