Topic: Next US president pro-bitcoin? (Read 538 times)
Answer: Bob doesn't want to be a president yet. LoL, Bitcoin is blacklisted in the minds of many. Especially those who lost their money because of ignorance, impatience, etc. So, it is a scam to them and hearing a candidate for the position of a president advocating it, they're gonna throw you out. Reminds me of when people lost money in doge coin because they were geared by Elon's tweet. Ignorance, impatience, etc.
It depends on what majority think about Bitcoin actually. They should conduct a survey about Bitcoin to have knowledge about what people think about it first. After that, it will be easier to decide how people would react to this kind of action. In the USA, actually there are so many cryptocurrency investors now despite the high income tax rates for cryptocurrencies.
There will be people who like the idea of adopting bitcoin as well as others who do not.
It is not easy to offer a solution to people and have them accept it immediately.
People need to educate themselves with the use of bitcoin and the use of new technologies, also the government must invest in resources so that people know how to adapt.
Older people are less prone to change, young people have the advantage of learning faster. As well as choosing if bitcoin is what they really want. A mass adoption requires that we have the best tools to use bitcoin so easily in our daily lives.
It is not easy to offer a solution to people and have them accept it immediately.
People need to educate themselves with the use of bitcoin and the use of new technologies, also the government must invest in resources so that people know how to adapt.
Older people are less prone to change, young people have the advantage of learning faster. As well as choosing if bitcoin is what they really want. A mass adoption requires that we have the best tools to use bitcoin so easily in our daily lives.
Overall, bitcoin is probably a hobby and people wouldn't use such a subjective factor to sum up for an election.
I think there are still people who have different conclusions from what you said but maybe very few and the impact will not affect the whole. sometimes we are unable to digest there is still something that connects something with bitcoin because sometimes it is difficult to conclude, but indeed we are in a democracy / free to express opinions.A US presidential candidate supports Bitcoin in terms of thinking, in my opinion it is quite a strange thing because constitutionally, the leader of the country will be more pro with the economic system that has been passed down or centralized. How can he support even if only in a mindset, maybe if you understand bitcoin then it's normal but it's a different story if you support it. Fundamentally, Bitcoin is difficult for regulators to accept.
maybe he might personally not institutionally say things about bitcoin but as head of state it is arranged in such a way to be able to voice his opinion with the provisions that have been made. like you said that the economic system that has been in use for a long time cannot be changed immediately because it will have an impact on the country's economic system and globally, of course as the head of government this has been thought about and it is impossible for the expert staff to recommend things that will put the country in a state of crisis later because of the impact. after becoming head of government then he will change for wider interests not just for self-interest and a preference for certain things such as bitcoin. when he was an individual he could have done that. he is now thinking about whether the impact will be beneficial for the country.
Well the bitcoin market is now bigger than just one president to decide it fate, although the action and inaction can have a temporary effect on the bitcoin market and that won't last forever. When you see big companies and giant tech companies entering into bitcoin, just hold tight your position.
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
Would Bob get elected? Or would majority of people not like Bob?
The next US president is going to be:
A.Kamala Harris
B.Some republican candidate,maybe Donald Trump or maybe someone else.
I don't think that Kamala Harris is pro-Bitcoin and Donald Trump is definitely anti-Bitcoin.
The republicans aren't pro-Bitcoin as well.
Anyway,it doesn't matter that much,if the future US president is pro-Bitcoin or not.Trump was anti-Bitcoin,but Bitcoin was having a good time,under the Trump administration.
Donald Trump will not be the 2024 candidate nor will he be President.
And yeah, you're right, Republicans are not pro-Bitcoin.
Most American politicians don't care about Bitcoin because they are in the corporate wallet of the big banking institutions. Keep in mind, their congress just passed an infrastructure bill which included a provision on miners and some intermediaries to fill out tax information with the IRS in an effort to generate more revenue off the crypto markets - safe to say no American politician will ever be pro-Bitcoin. You need that corporate funding somehow, and it isn't going to come being pro-decentralization of the big banks.
Also, USD is quite literally on the verge of collapse depending on how the next few years go with inflation, and it's in the best interest of the American government to prop up USD as long as they can.
The business of electing the president of the richest country in the world is not just gaining support with bitcoin. It depends a lot on the inflation line. Too many Kiwis weaken the US dollar. This national candidate will lose, if it gives up the USD and replaces it with bitcoin, I think.
I think the classic viral contagion can be very El "Salvador" · and it begins to penetrate our minds
I think you don't need a pro bitcoin president to carry or achieve goals with bitcoin in what he believes he can do, the "Bob" can be in any productive area of life, in fact, and boy! than in the U.S. they have managed to channel individual-business success in the mirror of many presidents.
Q1: No. Q2 it is like asking the same thing but in a different context.
I think you don't need a pro bitcoin president to carry or achieve goals with bitcoin in what he believes he can do, the "Bob" can be in any productive area of life, in fact, and boy! than in the U.S. they have managed to channel individual-business success in the mirror of many presidents.
Q1: No. Q2 it is like asking the same thing but in a different context.
Overall, bitcoin is probably a hobby and people wouldn't use such a subjective factor to sum up for an election.
A US presidential candidate supports Bitcoin in terms of thinking, in my opinion it is quite a strange thing because constitutionally, the leader of the country will be more pro with the economic system that has been passed down or centralized. How can he support even if only in a mindset, maybe if you understand bitcoin then it's normal but it's a different story if you support it. Fundamentally, Bitcoin is difficult for regulators to accept.
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
Would Bob get elected? Or would majority of people not like Bob?
I think it's difficult. being a crypto fan won't bring much support. so this is not a determinant of whether he will be elected or not. because crypto is not an important issue in every presidential election. Just look at yesterday's election, how did Biden increase his popularity. although he mentioned crypto, but he did not make crypto an important discussion. he only focuses on immigrant and other social issues.
If the next US Presidential candidate is pro Bitcoin it could have a very positive impact on the adoption of crypto currencies in general.
I believe many people would feel safer to enter the space.
Personally, I think a presidential candidates endorsement would legitimatize BTC in a new way for many people and would result in more people entering the market and the price could radically increase.
I believe many people would feel safer to enter the space.
Personally, I think a presidential candidates endorsement would legitimatize BTC in a new way for many people and would result in more people entering the market and the price could radically increase.
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
If most people in the US are pro with Bitcoin, then He will definitely be elected. Would Bob get elected? Or would majority of people not like Bob?
And if He were elected, it would have had a tremendous effect, both in US itself and throughout the world.
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
For a president to like or hate bitcoin is not gonna change a lot, he may have some young supporters who are getting into cryptocurrency, but whether he has intention to use it and goes with it to the congress to make some laws pro crypto or make crypto as a legal tender, because all the congress members need to pass it, and we know that it won't happen because it goes against their profits so they will never replace fiat with crypto Would Bob get elected? Or would majority of people not like Bob?
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
Would Bob get elected? Or would majority of people not like Bob?
The next president is never going to come out with such a statement, not in the next century at least. The US dollar is the worlds reserve currency, meaning a lot of other countries trust it as a relatively stable asset in an increasingly turbulent world - they're happy to convert their own cash, at whatever the prevailing rate is at, into dollars and even have it slowly inflated away by "quantitative easing" (aka money printing). Having control of the reserve currency of the world is an unbelievable gift to America and gives them control over all sorts of financial levers that other countries will never have. No sane government official in the US would ever suggest such thing, as best it might be begrudgingly allowed as an asset but even then - it simply does not have anywhere near the transaction power needed for everything taking place each day even in a small country.
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
Would Bob get elected? Or would majority of people not like Bob?
The next president is never going to come out with such a statement, not in the next century at least. The US dollar is the worlds reserve currency, meaning a lot of other countries trust it as a relatively stable asset in an increasingly turbulent world - they're happy to convert their own cash, at whatever the prevailing rate is at, into dollars and even have it slowly inflated away by "quantitative easing" (aka money printing). Having control of the reserve currency of the world is an unbelievable gift to America and gives them control over all sorts of financial levers that other countries will never have. No sane government official in the US would ever suggest such thing, as best it might be begrudgingly allowed as an asset but even then - it simply does not have anywhere near the transaction power needed for everything taking place each day even in a small country.
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
Would Bob get elected? Or would majority of people not like Bob?
Since btc and usd are competing against each other, a pro-btc president would mean an anti-USD president. Since the USD is the default currency of the United States, you can't expect the president to be anti-USD. This would be considered treason probably. Everybody likes crypto but let's don't be silly. It is not going to happen.
I think it's too early for president to be so pro-bitcoin. Most of old people will not vote for him if he'd openly say that he supports bitcoin. And if he will takes it as a secret and reveal after selection a lot of people will be dissapointed too.
For me, the political parties are very separated. their views differ. The platform might be bigger now, but the opposition will be bigger too, bitcoin will be overanalyzed by the other parties, which might ruin its reputation. US dollar is also dominating the market for so long, they will still keep it for the sake of their pride. In my opinion, if they are pro-bitcoin, it would be great if they could at least emphasize the commodity of bitcoin, not just another payment alternative that might leave a bad impression on non-informed people due to its volatility. What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
Would Bob get elected? Or would majority of people not like Bob?
I don't think that bitcoin will tip the tide for any presidential candidate, yeah good that one of his platform is to adopt legal tender. But there could be some opposition against it in the US. So not a sure fire platform for anyone. So 50/50, others might like it, and others don't. And US being a superpower, I doubt that they are going to adopt bitcoin as legal tender, for them dollar is still the world currency.
Valid point. Not everyone likes and is knowledgeable enough about crypto. There are many people who are, as a matter of fact, loathes its existence. Hence, using this as a platform will not really guarantee a vote from the citizens because there is always an opposition that always try to bring platforms and projects down the moment they learned about it because they think it is not beneficial and just harmful. In addition, dollar is still the leading currency among every currency. It is still the global reserve asset. It is backed by the government and the central organizations. Surely, they won't just allow bitcoin to take over that instant. Given that bitcoin's nature is volatile and decentralized. I really don't think they would do such move that can compromise their very own currency.
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."
Would Bob get elected? Or would majority of people not like Bob?
Would Bob get elected? Or would majority of people not like Bob?
I think it's difficult. being a crypto fan won't bring much support. so this is not a determinant of whether he will be elected or not. because crypto is not an important issue in every presidential election. Just look at yesterday's election, how did Biden increase his popularity. although he mentioned crypto, but he did not make crypto an important discussion. he only focuses on immigrant and other social issues.
if it is true that the next US president is pro bitcoin, maybe there is a shrimp behind a rock, most likely the president has a specific purpose, for sure they are doing it for their own interests,, once they have been elected, they will surely forget their promise, even though there is sweet promise from a famous person, you should not swallow it right away, but we taste and consider it first, because sweet is not necessarily medicine..
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