Topic: Is The election worth the hype for BTC (Read 811 times)

Bitcoin is an asset traded publicly, which means that even if the US election will not change deep down the core principles of bitcoin, the people that are trading and investing in it are a different story, as they can be easily influenced if a candidate takes a positive or negative attitude towards it, which could cause the price to drop and remain there for some time, with that in mind, it is natural people are giving as much attention as they can to this election, since the consequences of not doing so could be very real.

Actually talking about elections and bitcoin I think is too not worth it to do because in the end the election is not a thing that can make bitcoin volatility stop so why make an issue of this as if the election has a very large role for bitcoin.

Bitcoin will still be on its own path the same as before where price movements continue to occur and it is very natural when there are increases and decreases because it is a thing that must happen for bitcoin. Regardless of whether there is an election or not it is actually not a reason that bitcoin will go up or down just because one of them wins. But many do not realise that we are actually led by opinion just because to raise political prestige as if they could intervene in bitcoin when in fact things like this are not true.

I think what makes him think that Trump can win the election easily is because Trump is more famous than the rest of the candidates. That is true but not all of the publicity about him are positive but there are negatives too. This could be the reason that Harris takes the lead this time.

The reason on why people assume that the election will affect the BTC price is because of the involvement of some candidates into BTC. One candidate that I know who is now involved with it is Trump. You are right that FED still has more weight in regards to this because obviously it is related to money. In fact, we already saw its effects before.

Maybe it doesnt have much impact but I think that any reason to pump bitcoin is good. Many people will use the oportunity to do so if Trump wins and institutions will probably join.

Some people on TV will mention here and there that Trump is procrypto and that alone is enough to make price go higher.

i don't think the us election has a significant impact on bitcoin, yeah it has had an impact a few times but it hasn't caused bitcoin to experience a significant increase. this is just speculation that is usually done by retail investors, while hodlers or people who already know bitcoin don't really consider the us election on the bitcoin market.

Trump is very supportive of the development of the crypto currency, so if he wins and is elected president, I'm sure the price of Bitcoin will rise and might reach the latest ATH price. I am sure the price of Bitcoin will rise if Trump is elected president, but it is impossible for the price of Bitcoin to reach $ 90,000 in the near future, my estimates of the price of Bitcoin might reach $ 70,000. Hopefully the elections in the US will run smoothly and hopefully Trump will be elected as US president so that the price of Bitcoin can be better in the future.

It's not going to be an easy win for Trump.

The latest data show that Harris leads the election. Her support is rising after the last presidential debate.



Also, it's totally wrong to assume that the result from the election has so much weight on Bitcoin's price. The fact is that FED's cut rate announcement is gonna be even more crucial to impact Bitcoin's price.

Yes, if we look at history, we can easily see that bitcoin has grown and the market has entered a bullish phase in every US election, so no matter who wins and history repeats itself, bitcoin prices will still increase.

Even though I support Trump, but I object to absurd predictions like if Harris wins, bitcoin price will drop to $30k or if Trump wins, bitcoin price will rise to $90k. The difference is: if we have a pro-bitcoin president the rally will be crazier and bigger, while if we have a non-bitcoin president the rally might be a little more boring.


We may not see eye to eye on politics, but there is no need to overstate their influence on the market to the point where they can promote or hinder the growth of bitcoin.


Bitcoin price has always increased regardless of who becomes president over the years.
Source: X

I don't agree with you as Bitcoin price always pumps during the election times and we're expecting same thing to happen when the election date gets closer. Bitcoin hasn't been pumping for some weeks to expect the market to dump during that time but since Bitcoin growths has been slow, we can expect the price to start spiking as the election date nears. The election is worth the hype, it's the biggest and most talked about election in the world as the president of  USA has influence over what happens in another part of the world therefore we can't ignore the election. The war in Ukraine and dispute in Gaza is also why this election is very important.

Trump will win the US election easily but i don’t think so that after the appointment of trump as President the price of bitcoin immediately increasing reach 90k usd. This year there will be no huge pump in bitcoin’s price, may be next year the price start increasing and bitcoin will reach new ATH price.

I think Bitcoin existed when Donald Trump came into office and the election wasn't really having anything on Bitcoin but I think since institutional investors started given interest and buy large chunk, they started to bring their traditional market behavior to influence Bitcoin and now a lot of folks that started Bitcoin in this Bitcoin bull cycle are trapped by this presidential thing. You see this Trump guy, his campaign team are very smart one to be honest.

I think it wasn't Trump that started this Bitcoin election talk, it was some candidate can't really remember his name probably he step down of the race but during those time when he was declaring suppourt for Bitcoin, nobody gave him the attention and never had the audience but as soon as Trump started, the sentiment change because he was Elon person but they forgot how Elon was quick to leave Bitcoin behind even though he claim to be having some left for the company.

In any direction the results on the market are gonna be temporary whether they are positive or negative, in the end, the market need to rely on its own, there's an exception of the government acknowledging the legalization of Bitcoin without making any strict policies and favor the risk market investment on a larger scale that brings a massive momentum. For the rest, this topic should get a break for now haha. Anyway, I would like to hear about who's gonna win if there's a local available. I've seen a voting thread on another forum where most of votes are in favor of Trump, as expected because they are crypto users so they giving him the upper hand but in reality, who's gonna win is not dependent on how crypto forum voting proceeds it depends on the ground realities in the US.

Well, based on the fact that Bitcoin and cryptocurrencies are being involved in the process and conferences and campaigns are being held by presidential candidates to earn votes from Bitcoin and cryptocurrency lovers within the country, it seems that there are going to be at least short-term effects of the results on the price because the market generally reacts to things in the real world that have a direct or indirect connection with cryptocurrencies.

Trump has been trending for showing support for Bitcoin and promising he would bring positive changes in the region for cryptocurrencies and their users and promoters if he gets elected. Now, if he gets elected, there will probably be more adoptions in the region and that can affect the price positively.

On the other hand, if he loses and doesn't get elected, the policies of the opposition might make the market take a short-term plunge because they wouldn't support it as much as Trump might do.

Definitely not, it is not something that will impact bitcoin at all. We had a 2014 all time high of 1400 during Obama, we had 2017 year with 20k on Trump time, and we had Biden with 70k+ time during 2021 (and most recently this year too) and all the presidents had their new all time high. It doesn't matter if it's kamala or trump, we will have new high, then whoever is the next president that person will have a new all time high, and the next one and the next one and it will keep going like that. Because of this we do not and should not care about the president and whoever it happens to be.

Elections are quite important on other topics, it matters a lot on what Americans live day by day, but for bitcoin purposes, specially when you are not even American, it's literally the most irrelevant thing ever. Which is why we should feel fine about it and not really worry about if it will impact bitcoin at all. It won't and things will go on in either case the same exact way.

Bitcoin will grow more than now with or without the election because people choose what they want. If they like Bitcoin, they will still choose Bitcoin for their own reason and not because some people support Bitcoin because Bitcoin already gets many support from other people long way before. But if the president can support Bitcoin and gives a new regulation related to Bitcoin and that regulation is at Bitcoin side, that will give more confidence to people to use it. But if the president don't support Bitcoin, that will not be a problem with Bitcoin because other president will do that and will help Bitcoin adoption in their country. Bitcoin price itself will rise and reach new ATH so that will not always depends on an events because people support Bitcoin until now so that makes Bitcoin still existed.

The United states of America president do not control the price of Bitcoin therefore Bitcoin can do well regardless of the president being cool with Bitcoin or not. We should not be looking for president that are cool with Bitcoin because none of them really are but are looking for ways to control Bitcoin. Trump has not spoken good about Bitcoin when he was president or when he left office but because he is trying to go back into the white house, he is now speaking good about Bitcoin. We do not know what his intentions really are and he might be worse than Biden when he enters the white house and say he is doing it to protect the citizens of America. The election is not worth the hype but it is good as it is making more people to know about Bitcoin that they might later make investment into Bitcoin and increase the adoption.

Crazy to think about that way since Election cannot bring demand. People will always dictate the flow of the market and the result cannot influence anything since the want of people to acquire bitcoin will remain there.

I guess they are reading to much article and believe about those lies of politicians so maybe they should not hope for more since its expected that lots of their promises will be broken. Politicians are good at lying so expect that they say nice words when they need something to people since they would do all things they can to catch peoples attention. We just need to see the result if they win then implement a good law that protect bitcoin or crypto since maybe for that we can say that it will help to add some demands due to the actions they made for this coin.

The rise and fall of Bitcoin prices is completely unrelated to the election, it should be underlined that Bitcoin has experienced various shocks before the excitement of this election, but because of its strong fundamentals, until now Bitcoin has still been able to show its class as the most profitable crypto asset.
I don't care who wins this election because they have never been able to control the price movement of Bitcoin even though they have been president because the price of Bitcoin is purely determined by supply and demand, personal month. Bitcoin was already growing rapidly before they hitched a ride to boost its popularity during the election campaign, although even without the presence of these two politicians, Bitcoin would still have received support from retail and institutional investors.

Your question is interesting and timely, given the current situations where political parties are running campaigns for elections in November,24, in the USA.
While financial policies of elected government will certainly influence the financial markets including Bitcoin, however Bitcoin price is primarily driven by adoption, regulation and macroeconomic conditions. The policies of the new administration regarding regulation and adoption could definitely have positive impact on Bitcoin the market.

Clearly, by looking to Bitcoin's future, it's easy to see why people are concentrating on the US elections, because major events in the political sphere may take on crucial significance for the direction and regulatory frameworks of financial markets. At the same time, people often forget that Bitcoin has been able to show flexibility long before this very political context emerged. So because cryptocurrencies have been built in such a way as to be quite decentralized and independent of any particular group or party. That is among their biggest advantages.

Alternative election results may certainly influence the regulatory environment of Bitcoin or the market sentiment surrounding Bitcoin, but the value of Bitcoin should be established by various factors that include adoption, new technology, and market sentiment. Macroeconomic trends and overall market volatility Predictive prices of political events related to price movements are usually based on speculation and unlikely to capture the long-run potential for Bitcoin.

In the final analysis Elections and political decisions can have a bit of an impact, but that is good proof that Bitcoin's fundamental value is in being first and truly borderless digital money. For several reasons, it continues evolving. Consider it in broader context. Do not put too much focus on just one point or speculation.


Personally I think you are also correct that the strength of Bitcoin lies in its local structure and its ability to defy the attacks. Irrespective of who these presidential candidates are or what their stand regarding Bitcoin is, the basic characteristics of cryptocurrencies - security, fragility, and local manufacturing - have made it successful, and the same has made it adopted for the future. Bitcoin has been designed to withstand the ordeal of politics and economies. And to prove such strength, it has been surviving many trials in its life.

While political leaders and their policies will alter the regulatory environment and influence market sentiment, they cannot change the essential features or potential for Bitcoin to grow in value. Value in cryptocurrencies combines several technologies into one. Acceptance rate and market changes Over anything or any event or political issue that might be brought against it. As discussed above, Bitcoin has been able to overcome its previous challenges and is still evolving. This suggests the existence and value of Bitcoin do not depend on particular political associations.


One can easily realize that Bitcoin, just like the total cryptocurrency market, has shown great strength and resistance to constant growing without any political interference. Survival and growth so far are a result of its strong foundation and the requirements of robust shared resources.

Indeed, policymakers could be influential in formative changes in markets through regulation and public perception influence. It is without a doubt that positive policies and better regulations boost up the demand and the trend continues and this may push up the market value. On the other hand, privacy policy may cause problems. But it won't break away from its fundamental principles and functionality of cryptocurrencies.

In the long run Whereas political activities are embedded in behavior and market adoption But long-run value and sustainability of Bitcoin lies in the regional infrastructure and objectives that the invention of digital currency established by Taco. As we see herein, Bitcoin has faced many challenges, but it continues its rise With or without special political support