Next US president pro-bitcoin? - page 3.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: jamietao on August 30, 2021, 09:28:48 PM

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 you are a American you shouldn't vote just because the candidate like bitcoin or crypto cast your vote according to the track records of politicians and don't get worried about crypto since US government will adopt that once they see a large number of people using this and bitcoin will got a good stability together with merchants adoption.

Also think about it for example Bob like bitcoin but he's a corrupt official then what will happen? so think about it.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: SurVM215 on August 31, 2021, 05:24:24 AM

Bob will not like mostly the government and a small percentage of the public. But overall, it will have a very big impact. And I want to think that the consequences will be positive.

I don't think it's going to be a positive impact for bitcoin especially if it's US presidential seat that Bob is running for because the owners of those country cares more about the military, foreign policy and covert operations rather than the well-being of their countrymen.

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Whether that's the case or not is irrelevant because the US president doesn't wield absolute power, he (or she) has to make executive decisions in conjunction with the backroom staff (ie. advisors) in the White House, who are certainly not going to collectively change their stance about crypto anytime soon. One or two possibly, but an entire majority? That's a far cry.

SurVM215

newbie

Activity: 15

Merit: 0

Bob will not like mostly the government and a small percentage of the public. But overall, it will have a very big impact. And I want to think that the consequences will be positive.

Dhoe

hero member

Activity: 1442

Merit: 510

the next president of us is pro bitcoin, this may be a very good step for bitcoin fans, but we need to realize even though the next president is pro bitcoin, but the president can't replace usd with bitcoin, because if the president makes bitcoin the main currency, it is certain that many will be harmed, and will be against the world, and certainly many will challenge your policies..

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Biden just got in and although it's not that long, it's still far to think about a pro bitcoin president of America. And it won't be effective I think, as there's one that has campaigned and known to be one.

But he just stopped with his candidacy and campaign.

cryptophilic001

newbie

Activity: 3

Merit: 0

I would be very skeptical of such a scenario and to be honest, it largely depends on the very perception of the American public at large, and how they view crypto and blockchain in general as compared to the US dollar. If a presidential candidate comes up with such statements in which he thrashes the US dollar and promotes bitcoin while the public considers it otherwise, it might be a smooth political suicide for the candidate. It's very subjective to be predictable.

Vickysagar

jr. member

Activity: 95

Merit: 1

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.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Quote from: zanezane on August 30, 2021, 09:48:42 PM

If he says those things, it wouldn't be a win for him, remember that the US has a really dumb population, they appeal and get their votes only for those that they find interesting or caters on their primal instincts which is really a cause for a alarm because one win from a really stupid president could end US as we know it.

If a president of a big-time country will promote bitcoins, this will means a huge pump. I think we already had those moments when the President of China said good things about cryptocurrencies and I think the price was pump really high just a few hours after his statements. from $8,000 to $12,000 if I'm not mistaken. What more if the president of the USA will say the same or even promising words. I think the whole crypto industry will be shaken by those words and the crypto market will be like a green garden again.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

I doubt that Americans (or anyone really) study the platforms of political candidates, people simply vote for someone who resonates with their views the best. I think making Bitcoin a legal tender would be a very unpopular move, but if such candidate does not advertise this plan too much, a lot of people could not even notice it. And if such candidate is a lot more popular than their main opponent, there's a good chance they would win.

But realistically DNC or RNC would do everything they can to stop such candidate if they will be gaining popularity.

SyndicateLabs

full member

Activity: 896

Merit: 100

PredX - AI-Powered Prediction Market

Looking back at the history of the old presidents, I'm not sure if people know or think like I do.
When someone wants to make a financial difference without involving the FED, the end result is the same.
This issue I think would be better for the FED to support Bitcoin

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

There is simply no one that would threaten the dominance of their own currency by allowing an alternative currency to take root within their society. This is mostly a bipartisan issue, where none of the parties in the state would willingly tarnish their economy just for the sake of a few groups of people who are pro-Bitcoin. First of all, you won't get elected and second of all, any bills that actively pushes for Bitcoin to legitimately be recognized and endorsed as a legal tender will face oppositions from both sides of the senate or the house for that matter.

Ausgewielt

full member

Activity: 453

Merit: 104

There arr still many people who have negative view about bitcoin. And bitcoin didn't become something that major in society, I think it will be hard for bob to be elected. USD is a power for USA I very sure that any US president will prefer like to support USD rather than any other currencies such as bitcoin and etc. Political issue is something that very complicated, enemy can be friends in something as long as both are get benefits. For me technology solve problems better than government regulations.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: MIldic1c on August 31, 2021, 01:23:03 AM

The United States has always supported Bitcoin, including some American celebrities and companies that support Bitcoin. Musk has made an example of using Bitcoin as a payment method, allowing many people in the world to understand and recognize Bitcoin. But his move to give up the US dollar, I think it will not be recognized, which shocked me.

That's different though, you are talking about celebrities. The OP is asking about potential candidates that are going to be pro-bitcoin. But in any case, not going to happen, US will still push their beloved US dollar to the world economy, so I don't think any US elected or running president will hinge everything on bitcoin as their "rallying" call.

MIldic1c

jr. member

Activity: 60

Merit: 5

The United States has always supported Bitcoin, including some American celebrities and companies that support Bitcoin. Musk has made an example of using Bitcoin as a payment method, allowing many people in the world to understand and recognize Bitcoin. But his move to give up the US dollar, I think it will not be recognized, which shocked me.

DapanasFruit

member

Activity: 1218

Merit: 49

Binance #Smart World Global Token

Quote from: jamietao on August 30, 2021, 09:28:48 PM

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?

Unfortunately, nobody can be elected in the big political landscape of the USA on the basis of making Bitcoin a legal tender. There was a "'known" Democratic presidential hopeful in the name of Andrew Yang who is a fan and supporter of Bitcoin and cryptocurrency but he never made it beyond the party nomination. Of course, as a Bitcoin enthusiast myself I would be excited if in the next presidential election in 2024 the cryptocurrency community can be able to make a big rally and show its voting power...but I think that will just be another pipe dream for now or maybe 20 years from now this can be possible.

so98nn

hero member

Activity: 2114

Merit: 603

Thats funny. Just because X-govt. failed to overcome the inflation or they are not able to manage the financial situation; they are not bad government. Bob went get elected for his prosperity in the bitcoin because thats not the solution! Government is not all about money all the time. It has to think, how they can recover the country's situation based on public support. If Bob thinks he can overcome inflation with bitcoin then thats really wrong. Most of the population in country believes in Fiat and not in bitcoin. So how Bob is going to recover the Taxes? If BTC is legal tender then everyone will go anonymous and government will start loosing more money. This way government will become more and more poor. I am not sure how based on BTC alone Bob can get elected.

bittraffic

hero member

Activity: 3038

Merit: 617

US plans to launch CBDC of their own. This pro-Bitcoin president will create a new set of oppositions that will crush his campaigns using the media. He shouldn't be that vocal when it comes to his support of Bitcoin unless he already won the election.

If he does speak about his plan for using Bitcoin just like El Salvador does, he has to wait until he sits on the Whitehouse. But even if he is already the president, it's not up to him, you see how many of the senators understand Bitcoin when they discuss the infrastructure bill? Lummis seems to be the only person who know how it works.

pooya87

legendary

Activity: 3472

Merit: 10611

You are talking about at least 4 years in the future and we can never know what the situation is going to be by then. But generally speaking the US dudes are too in love with their US dollar and would do anything to try and prevent it from becoming obsolete. That means there will never be a "serious" presidency candidate who is "pro bitcoin" like the way you described.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: jamietao on August 30, 2021, 09:42:57 PM

They just need to communicate it a bit better than me. Say things like "Hey inflation is bad. Housing and food is more and more expense. We need better currency like bitcoin".

Most americans already know about bitcoin these days after elon musk and michael saylor so are more friendly. Around 1 in 3 americans have owned some bitcoin at some point. Even those that didn't own already are curious.

I still don't think so. I think saying that "we need a better currency" itself would get the candidate enough backlash to end up becoming irrelevant and lose an election, what more to recommend something like bitcoin? If a presidential candidate would make bitcoin legal tender, it would be through a Trojan horse.

Topic: Next US president pro-bitcoin? - page 3. (Read 538 times)