Topic: If Kamala Harris wins, Bitcoin will be fine. - page 8. (Read 2149 times)

I wish I could agree with you but I think I do not.  Vast majority of the voters do not care about the key issues of their own Country but about small details that are often worthless and useless too.  If they were to vote with the candidate who was looking for solutions to the key issues, they would have had the issues solved already long ago.

Politicians care about Bitcoin too, they only pretend they do not.  But they obviously do not care about it as in they want to help it out and support it, but the opposite.  And it often shows.  Trump has found this to be a great way to attract many more voters toward him, and you can see how many would vote Trump ONLY for his stance on Bitcoin.  And this shows that a lot of voters mostly care for their own benefits, not for the country as a whole.

I, who am outside the US, am also looking forward to this political battle and want to see who will take the podium in the White House later. But for now, Crypto, especially Bitcoin, is still being shaken by both parties in order to split the vote. I leave it all to the Bitcoin community in the US because we can only watch it from afar. But when the final results are out, I hope everyone will come back together, the political season is only temporary while the future of Bitcoin is the main thing for the next generation.

I've read many posts and topics about the coming US election on this forum and I don't remember where it is said that Bitcoin won't be fine once Kamala Harris wins the presidential sit, all I can remember is that people are complaining about how harder things will get with regulations and the SEC chairman will have more power to probably misbehave even more.

I am against Kamala because of those behind her, Joe Biden for example said that Bitcoin miners in the United States are spies trying to expose secrets to the outside world, this pissed me off to the core, this man is trying to make Bitcoin mining look like national threat

There will be similar issues once Kamala gets into the office, she knows nothing about Bitcoin and crypto either, she is probably going to be Joe Biden 2.0, I know Bitcoin will survive but what about miners in the U.S? Some peoples lives are around this Bitcoin mining, will they have to leave the U.S for their business?

Bitcoin does not depend on a single individual to thrive so whoever wins the election, bitcoin will always be fine. However, there are people that have the capacity to inject instant momentum to the market leading to appreciable rise even though there could corrections later in time. Weather we like it or not, Trump have appear like pro-bitcoin so a victory for him will see the price of bitcoin surge and possibly creating new price history. On the other hand, if Kamala Harris wins, there could be immediate decline in price because it will resume the upward move if bullish momentum is dominant. I'm saying base on the general sentiment of the bitcoin community.

They only make up 4% of the world's population but their GDP accounts for nearly 30% of global GDP, the US financial market capitalization is over $50 trillion, which means they dominate nearly 50% of the global financial market...Those are not small numbers and their impact is not small.

Bitcoin will be fine no matter who wins the election but the point is if we have an open government with more bitcoin friendly policies then its development will happen faster and smoother. Meanwhile, if we have a government that is not open and comes up with harsher policies, the development of bitcoin will be slowed down somewhat.
I don't see anyone saying bitcoin will die or not be okay if the US has a president who is not crypto friendly, people are in need of a government that supports it for adoption to happen faster.

I haven't really read or seen any articles where Kamala Harris said she will not support Bitcoin. Irrespective of the outcome of the US election Bitcoin will be fine. So whatever speculation of bitcoin going down if Kamala wins is totally baseless. And you are right, as these people are just trying to overestimate US influence in bitcoin and I think it's not really unnecessary. This is just another strategy to manipulate the market. If eventually Kamala wins people will start panic selling while the whales buy it. Bitcoin will be Bitcoin even with Kamala being US president.

I have already written several times that it doesn't really matter which candidate will win when it comes to Bitcoin or altcoins, things will continue as usual because politicians will have much more important work than dealing with something that most of them actually consider a trivial issue.

Of course, the influence that various individuals and companies in the US have on Bitcoin should not be ignored, but it is still a country where people have brought business to perfection, and the fact that some others did not recognize the "opportunity" is a completely different topic.

I also don’t like the fact that everything about bitcoin is always attached to the US, how can one country be having so much effect on something that is to be used globally. I may not be too dip in economics but I don’t like the fact that it’s always like that. They may be reasons for that and why they’re the pioneer of it but let there be some exceptions to the level of their influence on certain things. We can’t because of 4% of the world population staying they don’t want it and we’ll all follow their suit too, it doesn’t make sense to me. Let bitcoin prevail and continue to thrive irrespective of who wins the US elections that’s what I am clamouring for.

But no one know how much they own, there's a possibility 4% of them own 90% of Bitcoin, of course it's just my own speculation.

Definitely the no one can destroy the network and the communities because they're no the miners, they also can't change what people are doing. But, they can accumulate as much as they can and confiscate other people coins. So, they're not trying to control the network, instead they can control the coins.

It's great to see that Bitcoin is able to make a noise in presidential election of US. Honestly US is known as land of opportunity. It has always thrived on innovation. But their approach is different on crypto related matters.

I understand that United States holds only 4% of the world population. But the major point of concern is that, US is also a crypto mining powerhouse of the world. So it is important to have a government who is friendly to cryptocurrency.

I believe that's exactly where it is making noise and that's why we all are interested to see a favourable election for cryptocurrency.

I am sure that Bitcoin will be fine if Kamala Harris wins the election. But in the world of politics, anything and everything can happen!

I saw some people saying that these 'crypto news sites' that we always hear about, that many of them just pull price predictions out of their arse, if they are not using a lot of technical analysis. So it's mainly a lot of guesswork in telling people the Bitcoin price because you either want the price to go up/down or you want to make people influence something so the price doesn't go that direction.

I would rather agree. I was thinking the opposite. Let's imagine Trump wins and everyone expects the price of bitcoin to go to the moon because he announced he would make pro-bitcoin policies and create a reserve with seized bitcoin.

Well, I wouldn't be surprised if the opposite happens, which is what usually happens in the markets. It would be the ideal scenario for retail investors to be fleeced by big players.

And looking at the opposite case, I don't think that just because Kamala wins, it will be catastrophic for bitcoin, as you suggest.

Bitcoin will be fine regardless of which of these clowns wins but I still prefer a hands-off approach. The laws with which they are trying to regulate Bitcoin and crypto are antiquated and are often misapplied to legitimate services. As dumb as I think NFTs are, it is ridiculous they are trying to make the argument that pictures of apes are securities.

The sanctions against a piece of software, Tornado Cash, and the arrest of their developers is also an abuse of power. This is not only something that affects altcoins, it affects privacy in general. We already saw the Samourai developers arrested for money laundering and being an unregistered money transmitter. It is also not just isolated to the United States because centralized businesses around the world are forced into compliance through coercion and intimidation by regulators.

Yes, a temporary dump is possible - but only if Bitcoiners still insist that Bitcoin depends on US politics ;P

Maybe. But would that affect Bitcoin? I believe the altcoin market is much more dependant on Bitcoin's moves than Bitcoin is on the altcoin market.

The exceptions may be memecoins, which are more like a casino and are according to a recent study are the category of coins with most chances to move in a "contrarian" sense than Bitcoin and thus could be used for hedging. This means however not that memecoins influence the Bitcoin price either. Only perhaps the Ordinals/Runes based coins could create some demand for Bitcoin but they are already dying and thus their influence may be minimal.

Thus, stricter regulations for altcoins would most likely not affect Bitcoin at all, or only minimally.

Weaker investor protections for ICOs, altcoins, service providers and DeFi, as written above, could even mean a higher crash risk. We've seen with Terra/Luna that a failed altcoin can influence Bitcoin negatively.

I think the only Trump announcement that could really significantly affect Bitcoin's price is the creation of a Bitcoin reserve, i.e. the "Don't sell a Bitcoin" policy. It would not boost Bitcoin to the moon for itself, but could cause a 20-30% pump perhaps.

However, one would have to wait if this pump can be sustainable. If more countries follow that line and incorporate seized BTC into their reserves or even actively buy some, then this would indeed create a bigger pump. But it's also possible that US and El Salvador could be the only countries following this policy, and then the impact would be again not so overwhelming.

For mass/retail adoption, in contrast, I believe Trump's other announcements about Bitcoin at least are neutral.

Yes Bitcoin will be fine. If she wins there might be a temporarily dump like we saw when he was losing the debate but in the long run it will be fine.

But if Gensler is still in the SEC and he keeps suing all these tokens which he calls unregistered securities then we will get issues with many non-bitcoin type of coins. Honestly who knows, one day he might say that Ethereum is a security even though we got the ETH ETFs launched already.

So bitcoin will survive but it would of been more successful if she didn't win the election.

Politicians are elected as Presidents, finish their presidential terms and they will step down with transition of that position and power to another politician who can continue vision and plans of a previous President and move next with their own completely new vision and plans.

Since 2009, Bitcoin was created, has been growing up a lot through many Presidents in the USA. who come from both parties, Republic Party and Democrat Party, with very good adoption and already shown its super strong survival strength. I am optimistic with future of Bitcoin under any next President in the USA. either Kamala Harris or Donald Trump, a new President won't be powerful enough to destroy it.

No single President on Earth can destroy a decentralized Bitcoin network and its global communities.

If a nation shuts down all Bitcoin nodes, node operators will use VPNs and continue their works. If a nation ban Bitcoin mining, mining companies there will make a migration to neighbor countries like what happened with China in 2020 and a great migration to other countries in Middle East and to the USA.

This I can wholeheartedly agree because they're politicians after all, it's unlikely that they will not use anything that's in their disposal and grab on to every opportunity that's presented to them, and given that it's Trump who's been a businessman first before a politician then there's the high likeliness that he's going to be exploiting all the possible loopholes and opportunities and I think that we at least can learn something about that one even if we don't like the way that Trump conducts himself or we are just not into his principles. I totally agree that people will still use bitcoin even if there's restrictions but you got to understand that restrictions will still apply and not everyone that uses crypto won't give in to all the pressures of having to deal with such restrictions in the first place, I think that even with our complacency towards this kind of thing, there should still be some resistance on our community that would bring about change regarding general cryptocurrency restrictions.

Sentiment towards bitcoin and the Crypto market is always an interesting object to discuss and of course many associate it with the presidential election later. My opinion, whoever the President will be, BTC will be fine and the price targeted by the analysis will also come as soon as possible. Well, from some of what I read, many are still optimistic that by the end of 2024 it will be $150K and %200K by the end of 2025.

In the first place, Bitcoin is not a concern. Quite frankly, Bitcoin is a non-issue in this election. There are certain Bitcoin fanatics who seem to put Bitcoin at the center stage. Some crypto-centered media is also making it appear as if Bitcoin is a key issue. It is not. No wonder why Bitcoin or even crypto was never mentioned in the debate.

We're all supporting Bitcoin but lest we end up a non-thinking cult we should always attach ourselves with the reality. The reality is that these politicians don't care about Bitcoin at all. The majority of the voters don't care about Bitcoin at all. There are more important issues out there.

I bet this thinking is coming from those who also raised questions like "Will Bitcoin dump following Kobe Bryant's death in a helicopter crash?" or "Selena Gomez won't get pregnant, will it affect Bitcoin's price?"

Say Joe Biden or Kamala Harris or Donald Trump, their political comments often lead to controversy surrounding Bitcoin. Political comments focused on Bitcoin to win the polls, but after winning, took the opposite position on Bitcoin. It should be remembered that the United States has a strong position in the Bitcoin market, which is why many people consider Bitcoin as an important tool for voting. Yes but I think if Kamala Harris wins the vote then very likely Kamala Harris will take a positive decision on Bitcoin and that will definitely create a revolution in the global market for our Bitcoin.