Topic: Trump vs. Biden is almost like Bitcoin vs Fiat - page 4. (Read 1004 times)

Trump only skillfully manipulates the crypto community trying to win them over to his side in the election race. Trump gives his voters what they want to hear and receive. One should not think that heads of government will actually be loyal to cryptocurrencies, which, in essence, allow NOT to play by the rules of governments.

Initially, grandpa Biden’s administration turned out to be a little less savvy in terms of using cryptocurrencies and bitcoiners in its election campaign, but in order not to be outdone, Biden joins the race for the votes of bitcoiners. This confirms the adoption of bill FIT21 in the US Congress.

I am sure that we will still hear from Biden signs of his “loyalty” to cryptocurrencies. So, there is no struggle between bitcoin and fiat, but only purely political gestures.

Biden is an orthodox person. Considering his age he probably is unable to understand how cryptocurrency works! I mean it's a similar problem we have seen in Warren Buffet. Old people who are not technically strong, will always keep their distance from cryptocurrency. That's exactly why Biden is not a supporter of cryptocurrency in general.

On the other hand, Trump is a businessman. So he can understand the potential of cryptocurrency. That's why he is talking to the enterprises and company leaders to understand the impact of cryptocurrency from the business perspective.

Hopefully we will see a favourable crypto policy in America if Trump wins the presidential election.

This is very misleading.  Bitcoin went up by 500 percent under the Presidency of Biden not because of Biden but because this is how Bitcoin simply goes.  You are saying it as if the 500 percent is the work of Biden.  Before him, the previous All Time High was during the Presidency of Trump.  I think the All Time High during the Presidency of Trump was an even larger percentage than 500.  Before Trump, during other Presidencies Bitcoin had even higher percentage rides. It does not mean Trump, Biden or the other Presidents made Bitcoin explode.  It had its ups and downs during particular more or less fortunate events and other than that, it just followed the classic way of Bitcoin roller coaster rides.

In fact.  Choosing a President based strictly on who is supporting Bitcoin as a facade is extremely stupid in my opinion.  You should take into account MUCH more important things than the support for or against Bitcoin.  Your entire life can change within the Term of a President.  Not just the value of your Bitcoin Wallet.

I completely agree with you that no politician will be willing to give up on the power they wade through the fiat system, not Biden, not Trump... maybe they just want to appeal to the fantasy of the younger generation who constitute a sizeable percentage of the voting block.

We we had a change of government last year, the new president came and lifted all the ban on cryptocurrency by his predecessor and we cheered him to high heavens. Little did we know that it was all a charade as he used that to buy the minds of the youth, most of whom survives through cryptocurrency.  As of today, the same government has banned all cryptocurrency exchanges and any individual caught dealing in cryptocurrency will have his account frozen.  This was the worst crackdown on cryptocurrency ever witnessed in my country.

Seems like when politicians realises the freedom cryptocurrency offers, they have no option than to turn against it so I don't see any difference in what to expect from Biden and Trump.

Hahah  nice way to explain the concept but that's not true because Biden is almost out of the game now because of the political pressures he is gaining from all over the world and especially Europe over the Palestine issue.

Both Biden and Neytanyahu are in deep trouble and if we compare Bitcoins and fiat with them then it'll be really bad for the images of these both entities.

I'm not someone who lives in the US, so I prefer to watch it from a distance. Political battles can always steal attention when they are able to use arguments to support one community. Bitcoin and crypto in the US will be determined by these two man. But haven't we gone through various leadership elections with promises of this and that, but in reality there is no evidence that the program is successful. Every public is used to getting lots of tempting offers with each candidate's program. The public has begun to be critical and can no longer be toyed with regarding policies. Trump has recently become increasingly pro towards Bitcoin, he even promised to release the hero of the Bitcoin world, namely Ross Ulbricht. Currently, Trump's credibility is quite high compared to Biden, who is actually more opposed to crypto.

This is just a pre-election bustle, everyone is trying to show how loyal they are to Bitcoin, but how much will everything change after the election, will Trump be just as loyal, or will he have a lot of other things to do, after? It seems to me that everything happens the same way every time, all they need is just votes, they are ready to say anything to make you believe that one of them is better than the other. But despite this, Bitcoin survived all times and continued to grow, so Bitcoin is not interested in politics.

Bitcoin went up 500% under President Biden.

Trump vs. Biden is like a roulette wheel versus a sure thing. The safe bet for the next presidency is to stick with the winner, which is Biden.

Trump is promising massive change. He says he will immediately deport 5% of the American workforce, which, besides the lost productivity, will cost our country hundreds of billions just for the police force to do it.

Trump is promising to make abortion illegal in all 50 US states, which will require a massive new police state like we've never seen before, and police states tend to crack down on things like digital currency since you could use it to pay for those illegal abortions, or pay for transporting somebody out of the country in order to have one without the police finding out.

Trump is a convicted criminal who has shown that he is loyal only to himself. If, god forbid, he or his family figure out that money can be made with cryptocurrency speculation, Trump will promptly make Bitcoin illegal so he can instead promote his own private currency. Remember that Trump pardoned criminals who ripped off his own supporters in a phony "build the wall" scam. Trump doesn't care about you, about me, or even his own supporters. He's running to stay out of prison and to rip off as much money as he possibly can.

The safe bet is sticking with the president under which Bitcoin went up 500%.

Believing in politicians is one of most dumbest things to do because they are liars, more or less only.

I agree and I am very surprised that in the big country with many talented people, how did they let two very old men to represent two biggest parties again in the coming President Election. Nobody can replace Trump and Biden for their parties in the Election, that's strange.

President is a job that is usually expired after 4 years or can be expanded 4 more years and a President can have that job up to 8 years maximum. After 4 or 8 years, they done their jobs and can think of other things.

Bitcoin doesn't go back on its words though, maybe all of this "support" that Trump has for bitcoin is just a matter of making sure that he's got the vote of the bitcoin investors in the upcoming election and then when he's in position, he'll never care about us again, pretty sure that it's going to happen. I don't really believe in any politicians promising anything, I've been here in this world for a really long time, I haven't seen yet any politicians doing what they've promised to do after they're seated in a position of power.

That's not really surprising anymore; we know that when there is an election, they always say the words that will attract the voters so that the communities think that they really support what they know the voters benefit from.

And most of the sweet words that are thrown when they win do not happen or come true when they are sitting in the position they are running. We also know who really has an interest in Bitcoin or cryptocurrency. We are living between two competitors; surely only one of them is pretending to support Bitcoin over fiat.

Here is BTC scoreboard.

Ath April 2021 Biden
Ath Nov 2021 Biden
Ath Mar 2024 Biden
EFT for BTC   Biden



Trump passed the bill that banned all like kind crypto trades from tax reporting.


Op should lock thread as Biden is fine for crypto Trump is not.

BTW my position is they are both older than my age of 67 which is too old to be president.

Every nite before I sleep. I ask for a dailydouble of death.

Biden + Trump should die tonight in their sleep of natural nonviolent causes.



pretty sure asking for this is legal in the USA and on this website.

In general I applaud that at least both candidates at least are now taking into account Bitcoin users and trying to get advantage of them. As already 5-10% of the population, not only in the US but in many other countries too, are crypto users, I believe this demographic could be decisive in elections in the next years (see also this thread).

I however don't believe that neither Trump (due to his campaign speeches) nor Biden (due to the ETF approvals) are really pro-crypto. So no, I don't agree that much with this thread OP.

I think Biden is closer to the TradFi space, and TradFi is the main entity benefitting from the ETFs, not so much Bitcoin itself. Bitcoin hodlers may have got a phenomenal bull market, but IMO bull market would have come anyway, just a little bit slower.

The big problem with the Biden administration is however their (assumed due to several high profile cases against mixers, from Blender/Sinbad to Tornado Cash) very restrictive stance about privacy in crypto, undermining censorship resistance and fungibility, and parts of the Democrats are even worse (Warren). Trump on the other hand is more authoritarian when it comes to accepting the division of powers, and thus, if Trump eventually became anti-crypto or anti-privacy, many things could become worse also in the crypto space. I think thus, Americans have to elect between a rock and a hard place.

By the way, from those saying only Biden is senile: from what I've read Trump is at least similar or even worse in this regard, confusing even US presidents ("Ah, Obama isn't in charge anymore?" ).

people believe it after all noting will happen if they don't believe his promises and he is making the shit show funnier. i still hope to see a debate while he is in jail.

Trump can gather a lot of people every time in his rally campaign though so the support for him is huge but i doubt the admin will really allow him to win. Biden is doing everything to crush Trump even on Twitter they are all up for Trump because of him being crypto president.

Hmm, First of all, this is just my post to make a joyful/enjoyable moment for everyone as we are tired of reading stuff that needs some spice as well.

Trump: hey Biden stay out of it, the crypto industry is mine (Bitcoin especially).
Baiedn: Stop this nonsense, then how I'm gonna get sympathy votes?
Stoshi (Wild card entry  ): Shut your ass kids, it's mine.

Ahhhh cant put flavor on it, need some time to prepare a good funny debate anyway I can add something from Ai let's see what Ai thinks on this topic maybe it can be funny its much lighter compared to mine. AI the sigma troller haha...

source=(AI genrated)


Edit: I'm not sure if this kind of post is allowed or not but I've mentioned the references and Source, so I think there won't be any issue let's wait, for the moderator's action.

These politicians are just like chameleons. Where these people see benefits for themselves, they become chameleons, that is, ready to adopt any color to get prey. We saw D.Trup's previous statement that he used to look down on Bitcoin and call it an undesirable thing, but now he sees that 60℅ people in America have adopted Bitcoin, so now he knows it as an opportunity to adopt the color of Bitcoin. it's mean started talking in favor of Bitcoin to become prominent in the eyes of people and they will make me president by voting for me.
 
So I claim that these people are like chameleons, they change color quickly. If D. Trump becomes president, there is no guarantee that he will fulfill his promise because now his only intention is to become president and not a fan of Bitcoin. So I think he may change his mind tomorrow.

That is what the political propaganda wants you to believe. In fact, reality is different than that. There aren't good politicians supporting Bitcoin and going against the evil fiat system. They are all part of the system and will act against independent, autonomous and free individuals as soon as they reach power positions. So, why to waste time supporting one politician or another? It's precious time you have to develop yourself in your personal private life, so use this time at your favour, instead of building stairs for politicians to climb up over you after all.

The truth is that it's Trump and Biden vs. Bitcoin. Trump and Biden want to use you at their favour, while you can choose being used by them or to use Bitcoin in your own favour. What do you prefer?

Biden was the one that ETF passed when he was president? How come we do not see that as something good, plus we are talking about regulations here, and saying Biden doesn't let companies be their own custodians is a security and safety regulations. Plus thinking that Biden personally seeks over this issue is naive, there are other politicians that takes care of these things.

Next thing you know, when SEC jails a person for crypto fraud, you are going to blame Biden for doing something like that. Hell, Trump is just promoting lawlessness, and while you may want that for your crypto venture, you may dislike it when someone steals your money and judge just lets him off. That's what Trump promises, whoever scams you ,will go free, and Biden says no he won't. I am not American so I won't vote, but if I did, Biden would have gotten my vote.

But in order to see and realize this, you need to have particularly wide open eyes first.  Which many people still lack of.

So true. Politicians only say what people want to hear and after elections they do completely different things lead by their own interests.
And yes, people have very short memory and that is the same all over the world. Nothing ever changes and we don't learn a thing.
Nor Biden or Trump will do anything good for crypto community but to my opinion world will be slightly better place if Trump won't win elections.