Topic: Is Bitcoin in trouble or under new regulate now that Trump is President (Read 441 times)

Bitcoin can't be in trouble in the hands of Trump who is widely perceived as its messiah but regulation is not what he will do anything drastic about, he knows better to tread carefully not to hurt the crypto community and also his country.

As a whole, Trump will not do anything so important with crypto as widely believed and his cooperation with Elon Musk may not create a new crypto as you hinted. Though they are entitled to it, they will proceed carefully at this point.

On the other hand, Trump might make sure the US's CBDC is eventually birthed, that's the best I see in his administration. I hope it will not hurt the existing financial businesses in the US which is the concern of the present administration.

I don't think Bitcoin will be threatened when Trump takes office. He promised from the beginning of the campaign that he would give the best to Bitcoin and there shouldn't be any serious problems. Even when they plan to release a new coin, I don't think it will be a threat to Bitcoin, unless they want to break their promise and issue regulations that block Bitcoin, which is very unlikely.

I mean, the market reacted really positive towards Trump winning, I'd say that speaks volumes about what most people think Trump would do for Bitcoin. At the very least, there's going to be a lot more involvement in the side of the US government with crypto and Bitcoin compared to the past. It remains to be seen whether said involvement is actually going to be positive or not, but well a lot of people are expecting it at least to be. I mean the man himself did say he was pro crypto for the most part. Whether it's just for show or not again, still yet to see.

It's either a fakeout pump of the price to $96-97k, then a correction to $85k, or a slow and steady middle price of 90-92k for the price to blow off afterward. That's how I see what will happen next, probably.

Yes, In those days you also know that there was election in USA due to which Bitcoin and other markets along with it had to be taken down.  After that you know where the price of Bitcoin has reached new all time high cross $93,000. After that other major coins were also up taken up.  At the same time, Ethereum has also improved itself.  Trump made a decision and promised to fix it, that's what happening in crypto. If bitcoin is giving profit for many years, if 1 month will give loss then no issues at all it's up within time. In those days, only 3% go down, then the price was raised to 20% after trump Victory.

I don't think there will be any problem with Bitcoin. But he is bringing new altcoins to the market and it can definitely get hyped in the future especially as long as he is in power. But one problem in the future with such coins is that any other government will actually have some influence that Bitcoin is unlikely to have. Which is why I don't think whoever comes to power can keep Bitcoin away from investors. He never gave any such message. Rather, I think his Trump-era Bitcoin will reach all-time highs. He will definitely do anything for Bitcoin that everyone will support. As he gave a positive view of Bitcoin during the election campaign itself.

I do agree that it's no joke because Trump is a wild card of sorts - and we can expect anything from him.
But I hope the crypto space will benefit from him more than otherwise.
 

I do agree that he probably doesn't care for crypto in the slightest - but if he can make some good for it - why not.

And what happened in this case is not a joke, because no one whould have thought about trump using bitcoin as way to run his campaign and it was a win win for the both of them and the moment trump started showing intrest in bitcoin everything changed and that is why people are still surprised but things like this are not new so you just have to accept it the way it is because it is not as if the increase is a bad thing this is like the people's moment and those thy have waited for a long won't have a choice than to want to make profit of what they have lost.

This shows that have patience is worth it, and people now will have their regrets starting from those that sold there before this time and those that did not even buy at all even after encouragement from different places and they still refused to buy it's no body's fault but there's when you tell people to buy bitcoin and hold they don't take it seriously.

But as it's happen now they will be in serious regret why they did not buy and hold even in this forum countless times they have made it a campaign buy and hold do DCA and the rest but people feel they are trying to make them lose money instead of getting money, all this is lack of understanding nothing else.

Some people are still skeptical of Trump and believe he may not keep his promises to the crypto community. That scenario is also possible, but if people follow the news about the selection and appointment of personnel in the Trump administration. People will realize that there are a lot of pro-crypto and crypto-friendly politicians in the Trump administration. He may not be able to fulfill every promise he made during his recent campaign, but at least an open and crypto-friendly administration under him will become a reality.


Yes, we won't see a bull run like what's going on if Trump loses but I think that dumps won't last long either, it will be short term. In the long run, nothing will probably change, Bitcoin will continue to grow and the bull season will come regardless of who is president.

Why?

I don't remember him saying anything that should worry bitcoin holders, on the contrary-he has been pro bitcoin/cryptocurrency in general. He was of course doing that just for the sake of votes and not because he actually supports bitcoin and everyuthing that it stands for so I see him as yet another useful idiot.

It doesn't mean that Trump won that the price of bitcoin will be in danger; you see, the number of the election was not over at the time when it was just counting who, and the price value of bitcoin in the market immediately increased. And I can't say that bitcoin went up because Trump did it; of course that's not the case.

Many whale investors must have manipulated the market where, when the election numbers were just before, there were many groups of whale investors who bought huge amounts, which caused the price of BTC to rise in the market, and when they knew they were going to take profit, they sold.

The truth is that Trump managed to please Bitcoin supporters during the campaign and with his victory the price is rising a lot, because people are convinced that at least they have a chance of seeing Bitcoin being more accepted by US regulators. It is true that he needs to create good laws about Bitcoin and these laws are created in the Senate. But if Trump continues to be pro-Bitcoin even in office as president and convinces the Senate not to be hostile to Bitcoin then we will have a healthier crypto market and Trump so far seems to be still fulfilling the things he promoted during the campaign, I say this because I see news about the appointments he is making. Now if Trump had lost, the price would certainly have fallen a lot.

The introduction of new crypto by Trump and Elon Musk is not a way to stop bitcoin from making it waves in this digital crypto era, it’s also a way to help boost bitcoin and other cryptocurrencies more in that region. Which in turn will help boost the actualization and mass adoption of bitcoin worldwide. His support really means a lot and now that a major support is being felt from the US president, we will see bitcoin succeeding more even if the government put some regulations on them. Trump won because of his support for bitcoin, in the coming years we will see how true he is to fulfill his promise to the bitcoin community.

I am pretty sure that it will be decent, not really expecting anything big from this at all. I understand why it may look like this, but at the end of the day it is going to be a decent one without a doubt. The real trick is that if we end up with Trump putting someone at SEC chair that is procrypto then we are going to benefit from this unlike anything we have seen so far. This is why we need to wait until all appointments are official before we make a big news out of this.

Furthermore, until January, he can't really do anything, he can just talk, but that's about it and nothing further, all he can do is just talk and that's it. It means that we are not going to see him change anything for a few more months. So give him time to get the position first, and then give him some time to make his moves, eventually, like six months after his taking position, he may actually do something good, or maybe he won't, but to know that, first we need to give him some time.

Going by the campaign done by Trump where he did mentioned Bitcoin at some points and even went ahead to transact with it and also spoke about it at some point so I'm hoping that he affects thw growth and adoptability of Bitcoin especially around the US.

As for the coin been anticipated that he wants to push alongside Elon, if at all there's any of such then maybe that would be the competition somehow tho not completely because it will be regarded as an alt but Bitcoin will always stand out even if it my strive through some challenges but will always pull through and stand out.

It's understandable to worry about Bitcoin's future with President Trump becoming president. However, Bitcoin is decentralized and has proven resilient against regulatory changes. While there are rumors about Trump and Elon Musk promoting a new cryptocurrency, be cautious—these could be misinformation or scams. Bitcoin's recent price increase is due to various factors, not just the election outcome. Overall, Bitcoin doesn't appear to be in trouble, but it's important to stay informed and be wary of unverified claims.

Well, for what it is worth the speculations around the future of Bitcoin have somehow been tied around the just concluded Election for POTUS. Bitcoin on the other hand have a bigger picture far beyond whoever becomes President. The regulations will differ around Trump but on the other hand the relevance will be seen as other bigger entities will want to adopt it.
As for any chance that him and Trump will try promoting a new coin asides bitcoin, I feel that they both do not have what it takes to stop the growth or progress of bitcoin even though they are currently contributing to it.

The government has not been friendly to bitcoin but they are not too concerned about it either, they have ignored it and investors in the past. But as it gained more and more attention and became more popular, the government started to notice it and wanted to intervene. So I wouldn't take what happened in the past as a measure of the present and future, and think that bitcoin can still continue to grow if we have an unfriendly government.

This world belongs to governments and if we want bitcoin to become globally popular or become big or play an important role in the economy , it cannot be done without government permission .  That is why not only retail investors but most crypto companies expressed support for Trump in the recent election. Because they believe Trump will be more friendly and open to the crypto industry .

I also think that in the long-term - everything will be fine with or without Donald, the real deal is how he will enact ideas the that he offered before he was chosen to take a seat.
US-made BTC (his words) sounds not so good and more like a product than the crypto 

It's not directly tied to it, but it's affected by them.
 
They are the sparks that either ignite the Bull or the Bear. If it wasn't for Trump, something or someone else would do the same to the market, in my opinion.

Indeed, if a person searches for charts, US elections were always a lever that sometimes sparked the bull running. That time it was no exception.
The question would be if Trump would deliver on what he said in the end.

Let's just say that Bitcoin in itself is still as decentralized as it has always been, but like every other currencies and assets in the world, Bitcoin's value is also subject to the happenings in and around the world, politics and economy are two of the major events that influences currencies and assets of which bitcoin is one of the world's asset, which means it's not left out.

Trump made some promises on how he and his government will ensure and contribute to the acceptance and adoption of bitcoin and cryptocurrencies in general in the US, and US being the world power and a country other countries look up to, Trump winning the election have sparked a new type of hope in the continues growth of bitcoin, this is why so many people are buying bitcoin believing in it even the more.

Elon was given a task to lead the Department of Government Efficiency which stands for DOGE so I think bitcoin won’t be at risk here. Elon is focused on optimizing government efficiency with the hope of colonizing Mars one day, so I think that won’t affect bitcoin at all. And as long as Trump will continue to support bitcoin, even without Trump or Elon in the picture, I guess bitcoin price will continue to surge high not because of them but because bitcoin has its high potentials to skyrocket in the future.

Trump has shown disinterest in BTC before, but now suddenly he's all about it and even talks about creating his own coin.
The CDBC is coming, and ETFs are trying to regulate Bitcoin, so I guess Trump is just a regular controlled politician doing his job and trying to get his finger in the pie of the digital future that is ahead of us.
Truly sad, but he is not a friend, he's controlled by the FED as they all are.
Staying in BTC is the only Way.

You do not need any more clarification on this because if you are trader or into cryptocurrency, you will see how well Bitcoin is moving this few weeks before and after the US election. Even with Bitcoin nature due to decentralization, I do not think it would in trouble.
I actually see Bitcoin getting more potentials especially now that Trump is a pro-bitcoin.

Trump, is not president yet and Bitcoin is doing very fine, I doubt that Bitcoin will be in trouble when he begins his administration. Bitcoin has survived many unfriendliness by many governments policies and regulations, yet it's adoption is still increasing, this is because it's power is in the hands of the holders. That being said I believe that there'll be favorable regulations for Bitcoin in the US, this is because it should be obvious to Trump, that Bitcoin can not be pushed aside, the American people have accepted it.

If it's not Bitcoin it wouldn't be like Bitcoin, no cryptocurrency can threaten it, so whether Trump, and Elon Musk, are trying to push any cryptocurrency, it shouldn't be a worry to bitcoiners.  

I believe it is early to speculate whether Trump will impose regulation that is detrimental to Bitcoin industry.  So far  Trump had been supportive of Bitcoin but we still have to see whether this support is genuine or not.

With regards to Bitcoin uptrend, I think it is already due and the market is actually to rally before even Trump won the election.  Trump winning adds only a little fuel to the Bitcoin surge since we have yet to see Trump implementing stuff that will really push Bitcoin up.  It is only in words yet, like when he said He will fire Gensler and yet that has not happened yet.

Actually, Trump has been quite supportive of Bitcoin lately, plans to lessen crypto regulations in a bid to help make the US a global hub for crypto if he gets reelected. He even said that he might put Elon Musk in charge of a government efficiency task force in an effort to streamline government processes and, possibly, indirectly benefiting Bitcoin and crypto by loosening federal restrictions.

Right now, however, there isn't any particular new crypto associated either with Trump or Musk, this may just be a rumor. Although the price of Bitcoin did have some sort of short-term boost related to the recent political activities of Trump, the mass in the crypto space are still acting cautiously since this is indeed the case, the market responds more to actual changes in regulation than to promises made on the campaign trail. So, that would be, if Trump wins and moves to actualize such promises, more or less a "wait and see" affair.

While many are bullish towards the crypto market right now that Trump won as the President, the reality is, the market doesn't care about him winning.

It's the sentiment of the investor that affect Bitcoin and the market the most and for us investors, it's a bullish sign that Trump won hence, the spike in the price of not only Bitcoin, but most of the coins as well. It's hard to know TBH in the long run if Bitcoin will be in trouble now that Trump is the president, but you know what? Bitcoin will thrive even though Trump didn't win the elections.

You've heard of rumors? Always take note that rumors will remain as rumors until it becomes a reality. I haven't heard something about this "new crypto" that Trump and Elon is planning to do, and I don't want to speculate on it as well. Don't spoil the fun at least and instead of being pessimistic out there, just follow what most are doing. Buying and buying and buying. Just forget about it for the mean time.

As far as I know, it cannot even be sold, it's a governance token of sorts.
I got this from the Reddit post about the whole project which is lost, but I think it can be found easily.
p.s. found it  : The new Trump Family Crypto Token WLFI literally can't be sold... 

I'm not sure where you are in the last couple of days, but we have seen the price of Bitcoin going into a new all time high again at $90k. So how can you say that it is in trouble? And then we have followed the US election and we all know that Trump is pro-Bitcoin and he want's Bitcoin to move forward in the US if he won. That's why the market is in parabolic rise right now because he has been elected and so if he fulfill his promise, then Bitcoin could reach as high as $100k. So I guess if you haven't follow the news, this is the right time to do it. Maybe what you heard is some meme coins on both of these personalities, and not crypto per se. Just to remind though that there is a big risk if you invested on meme coins, so just be careful.

What, World Liberty Financial is what you're talking about? Everyone knows it's a scam.

Only stupid people buy into that shitcoin.

Elon himself does not care about it. He is a DOGE man. The Trumps are the ones shilling WLF. And the rest of the crypto community is peddling Bitcoin or some alt.

Trump is first and foremost a businessman, then a politician, and only then - someone who may do something good to BTC. And it would be done in his own image and the image of the US, not for the good of crypto or BTC at all - we just need to listen and look carefully at the situation currently.

Or push the idea of creating reserves of BTC  Only time will tell.

BTC, in fact, will be fine, as it always was, in any case - I would only worry a bit about bigger entities having more and more interest in it, however, I think it's inevitable that as time goes on, will be a new reality we will be in.

Yeah, Trump used some rhetorics to get people rallied about BTC in a way, and that's no wonder - it's a great point to make many enthusiasts see a messiah for crypto in his image.
The question is would he deliver on what he promised.

One of the reason why bitcoin was able to break through the last high high now turn to high low at $73,388 was expectations all over the world that Trump has been projected to win the president election on 5th, November, 2024. Trump has shifted his position on bitcoin over time. Initially,  he described bitcoin a threat to the US dollar and said that it was based on "thin air." However,  more recently,  he has embraced bitcoin and cryptocurrency space. In September 2024 , Trump with his sons launch a new venture which is called WLFI , which is described as a decentralized finance (defi) money market platform. This launched of the platform change Trump from passive support to currently an active supporter of cryptocurrency.

I have also heard about a Trump backed coin. But I don't think it has been launched yet. If it is launched, then Trump will surely try to promote his coin because he is a businessman at heart. I didn't hear anything about Elon's involvement in this so far but don't get shocked if you eventually come to know that Elon is also a stakeholder in this.

But honestly, I don't think Bitcoin is in trouble at all. otherwise you wouldn't have seen such a bull run. I think Trump has made multiple promises during his election promotion and if he starts delivering onto them, Bitcoin will be in a better position and also the crypto companies will be able to continue their businesses without fear of regulatory actions.

To be fair, the recent surge in bitcoin and the entire market is due to the market placing faith in Trump's campaign promises. But Trump hasn't officially become president yet and we don't know what his true attitude toward the industry is, so it's hard to say anything at this point. The only thing we can do is enjoy what is happening and hope that after taking office, President Trump will actually open up to the crypto industry as he promised.

Don't speculate too much because there is nothing we can do if he breaks his promise, just think simple and remember that politicians are not trustworthy and we should not put too much trust in them.

You have to remember that Trump is not in office yet, so whatever you heard is just people's speculation.

The situation with regulations is not going to change much in my opinion. The US government will continue trying to add more restrictive regulations and increase its surveillance and control which is something that never changes with presidents.

As for a new shitcoin, there is a high chance some opportunists like Musk will try to create their own shitcoin and being a celebrity they will be able to raise millions of dollars and add that to their wealth.
That has nothing to do with Bitcoin nor will it affect it. What they'll create and push would be like tens of thousands of other shitcoins that were created over the past decade and pushed by many scammers.

Zoom out and you'll see bitcoin has been on the rise for a long time and it does not need a centralized authority in some country on the other side of the world to rise! The only thing Trump winning election did was to give bitcoin that little push to get past one of the major resistance at $70k and when it was broken the rest was like all previous rallies, the money just flows in.

The other major contributor is the interest rate cuts in many countries including USA that helps inflation go up and recession go down which is a major contributor to bitcoin price rise.

Why can you say that? Why would it be in trouble when the one that wins the election supported it confidently. I believe bitcoin will be more expose and not through major scams or what but US will definitely make some regulationa to boost it more ans generate income and profits for their country unless Trump only said that to win? But I doubt he onboarded Elon Musk together with the vision of supporting the digital era of bitcoin.

Trump pick Elon as a efficiency cost role, it's about government spending, not Bitcoin or any cryptocurrency.

Trump did launch his own token named World Liberty Financial, but it's not associated with Elon.

Bitcoin is still same, IRS still consider Bitcoin as a property for now, there's no any new regulation. The possibility is Trump might purchase and hold Bitcoin, just like Nayib Bukele did.

What's with the question? Isn't it obvious? For the past week alone, Bitcoin grew 20%. Within the year, the price has already increased more than 100%. So, apparently, Bitcoin isn't in any kind of trouble. On the contrary, it is in its most bullish form. ATHs have been quickly shattered one after another.

Trump is pro-Bitcoin, at least in words. Whatever that means, or whether that's true or not, doesn't matter that much. That the next US president publicly expresses his support for Bitcoin is good enough assurance that adoption won't be hindered by strict, even inimical, regulatory policies. That has somehow made the overall sentiment extremely optimistic.

Forget about the crypto that Trump and Elon are associated with. It's either a scam or a shitcoin.

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit  that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?