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Topic: TRUMP WINS! What does it mean? - page 2. (Read 326 times)

hero member
Activity: 1316
Merit: 787
Rollbit - The #1 Solana Casino
November 07, 2024, 06:40:09 AM
#35
A number of great hopes buried by large investors began to be seen when Trump's figure campaigned Bitcoin.
Large investors and small investors including all parties who have bitcoin do not want things that make them have difficulty with their Bitcoin.
Maybe all this time the SEC is not so preferred because one and many things, so with a discourse there will be a change of SEC Chairperson will make many parties get convenience related to Bitcoin.
copper member
Activity: 168
Merit: 4
November 07, 2024, 05:29:07 AM
#34
where do you see bitcoin, specifically in the US, 4 years from now?[/b]
I have learned never to expect much from people because you might be disappointed. I have confidence in the four-year circle of Bitcoin and I am sure that there will always be a bear run and bull run regardless of who becomes the US president. I don't expect anything from Donald Trump but if his policies turn out to be good for Bitcoin, it will be good for investors. 

Great set of mind.
Expectations set too high result in sorrows in disappointment in the end.
It's either nothing or something much better than nothing in the perspective - so we shouldn't worry.
hero member
Activity: 574
Merit: 554
Leading Crypto Sports Betting & Casino Platform
November 07, 2024, 04:52:21 AM
#33
where do you see bitcoin, specifically in the US, 4 years from now?[/b]
I have learned never to expect much from people because you might be disappointed. I have confidence in the four-year circle of Bitcoin and I am sure that there will always be a bear run and bull run regardless of who becomes the US president. I don't expect anything from Donald Trump but if his policies turn out to be good for Bitcoin, it will be good for investors. 
full member
Activity: 462
Merit: 196
November 07, 2024, 04:45:38 AM
#32
Of course, these things can only happen if Mr. President actually follows through his words but if he does do the things he has said,

 where do you see bitcoin, specifically in the US, 4 years from now?

I can bet that after Trump has finally won, looking back at some of his promises will surprise him that he did actually made all those promises. Overtime, we've learnt to understand that most of the things politicians say during campaign are desperate speeches that's all about getting the vote that will see them elected into office. When it comes down to doing all or most of the things they've promised, it's usually a totally different thing.

Good thing is that at the present, Bitcoin is pumping and that's at least what we're sure of. 4 years from now is a very long time and whatever speculation anyone makes on where Bitcoin will get to both in the United state or globally at this time that trump hasn't been sworn in and his yet to start his administration is mere emotional wish.

sr. member
Activity: 798
Merit: 364
November 07, 2024, 04:44:25 AM
#31
Trump talked about a lot in the election race. Let's see how he will implement his communications, but it is very likely that it will remain just words. In his previous term, things were exactly the same. I did not see any particularly important matters that he spoke about in front of the whole country. This time, I do not rule out that populism will also win.

We are witnessing an uptrend already since his victory but that's just a manipulation. Some of us are still not familiar with politicians game up to now. None of them care about you and your bitcoin but they care about their own interest. Trump capitalize on crypto using it as a campaign strategy just to secure votes and the media helped him to achieve that. I fear many will be disappointed for believing in every of their campaign promises. Let see what happens after inauguration but I must advise to keep expectations very low because changing their words is as easy as changing a television channel.
hero member
Activity: 1148
Merit: 576
November 07, 2024, 04:37:27 AM
#30
I think I need to ignore words like Trump for the coming months. All the predictions and topics seem to be more emotional than real analysis.

First, Gary Gensler has not been fired and even if Trump wanted to, the process would not be quick, especially since his term ends in 2025, so we cannot discuss an alternative.

Bitcoin will not be a US reserve (at least for now.)
I don't see any reason to discuss this topic either. When Trump takes the place of the president, that is, when his inauguration takes place, then we can consider this whole matter. Wedt he will have full power after that, but now we can make assumptions and nothing more. Why dive into this abyss without any facts? Solid speculation. Maybe we will start making bets on this event? ))
legendary
Activity: 2758
Merit: 1228
November 07, 2024, 04:30:06 AM
#29
After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.

  • SEC Chair
First of all, it is guaranteed that the SEC chair will be replaced by a new one. Trump has said that he will fire Gary Gensler if elected. The question now would be, who would replace him? Surely the SEC chair that will replace Gensler is someone who has the same plans for bitcoin and crypto as Trump. We will definitely see less restrictions within the crypto market which would lead to more innovations.
  • Bitcoin Reserve
Trump hopes to make bitcoin as the country's reserve and treat it like a national gold reserve. If this were to happen, countries that are already holding bitcoin will find themselves at an advantage while countries without bitcoin might scramble to keep up.
  • Taxes
Bitcoin or crypto transactions will be taxed less. This can definitely boost more interest in crypto especially in the US. Trump hopes to make the US as a bitcoin capital and gaining interest from other countries due to their bitcoin friendly policies could lead to that.

Of course, these things can only happen if Mr. President actually follows through his words but if he does do the things he has said,

 where do you see bitcoin, specifically in the US, 4 years from now?


Well first thing we notice is Bitcoin reached its new ATH. But we cannot conclude yet what's possible next thing to happen especially Trump didn't create a law that can boost the popularity and demand of bitcoin.

So let see if Trump would ever mentioned bitcoin at earliest days of his Presidency since provably that we can say something that bitcoin would provably get a great boost this year. But things seems doing alright as many people project positive outcome with bitcoin on Trumps term so hopefully we can see more better figures.

Holders also El Salvador government is so lucky for believing bitcoin will have a great future since right now they already see that future is bright with bitcoin and for sure they are earning huge figures with it now and more in future.
sr. member
Activity: 1400
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November 07, 2024, 04:09:22 AM
#28
Great to see Trump back and promising crypto love, but a balanced view would want to take a peek into what would most likely happen. He could remove the SEC Chair Gary Gensler, but his replacement probably will not go easy on crypto. The enforcement action taken by the SEC under Trump will not disappear completely either. Past chairs have pursued fraud prevention in crypto spaces rather aggressively.

A national bitcoin reserve, however, is still a big "if." Some experts say such a reserve could still go through some significant legislative and economic obstacles, considering concerns over the volatility of the digital currency. Although Trump's team may see grounds for that, policies on the dollar and the national debt make it a complex move, added to the fact that Congress would be playing the major role in any such decision as well. While the rhetoric of those who are pro-crypto is high, it's a long way from promises to practice, especially if traditional financial stakeholders push back.
full member
Activity: 126
Merit: 93
November 07, 2024, 03:59:53 AM
#27
After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.

The market related to Bitcoin may be strong in the next four years and there is potential for more profits for investors, but Bitcoin is a volatile asset, so you should make investment decisions based on the situation.

First of all, it is guaranteed that the SEC chair will be replaced by a new one. Trump has said that he will fire Gary Gensler if elected. The question now would be, who would replace him? Surely the SEC chair that will replace Gensler is someone who has the same plans for bitcoin and crypto as Trump. We will definitely see less restrictions within the crypto market which would lead to more innovations.

it's surely to say that the chairman of the SEC will be replaced. In contrast Biden has been vocal about crypto and some companies while Trump has vowed to make the United States the world's Bitcoin superpower.He also threatened to fire SEC chief Gary Gensler.
Now we have to wait to see who will be the next SEC chief who will contribute to the market as crypto friendly.
hero member
Activity: 2870
Merit: 594
November 07, 2024, 03:58:27 AM
#26

SEC Chair


As I understand it, by law Trump cannot replace the SEC chair for a few more years. When that happens, the net effect will probably still be small since most of that job is determined by Congress.

Congress is almost completely red. So of course they are going to do whatever Trump wants them to do and pump whatever laws and regulations (or lack thereof) that he wants in place. Includes replacing SEC head if they find some ancient provision that lets them get away with it.
Is that so? I thought that US SEC chair is being nominated by the US President, so it's up to Trump on who he wants to nominate.

But it is still not an assurance as it will have to go to the Senate for confirmation. So there will be hearings and questions on the nominee and see if he or she is fit to be the next US chairman. I'm not sure though if GOP has control of the Senate for now because if they have, then it's going to be smooth sailing as the nominee could easily pass as the President and his party has fully control of the Senate.
legendary
Activity: 1568
Merit: 6660
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November 07, 2024, 03:48:13 AM
#25

SEC Chair


As I understand it, by law Trump cannot replace the SEC chair for a few more years. When that happens, the net effect will probably still be small since most of that job is determined by Congress.

Congress is almost completely red. So of course they are going to do whatever Trump wants them to do and pump whatever laws and regulations (or lack thereof) that he wants in place. Includes replacing SEC head if they find some ancient provision that lets them get away with it.
copper member
Activity: 168
Merit: 4
November 07, 2024, 03:32:48 AM
#24
After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.
One thing is for sure, Trump has won the election and soon he will be inaugurated as president-elect for the next term. Regarding all the promises he made during the campaign, they are all still grey. Most of the promises from politicians are not credible, they only use the hype around their lives to achieve their goals.
If Trump wants to realize his promises, he must start with economic policies and deregulation, which must also go hand in hand with contributing to investment media that can indirectly benefit Bitcoin. Hopefully, the administration's policies during Trump leadership will be a new era for Bitcoin that can be fully integrated into the current financial system.

I would call him a wild card for the time being and overall, due to him being like a punch in the gut you never expect  Grin Who knows what will happen in the near future, but it sure will be interesting to see how things turn out. It sure will be quicker than we expect, in my opinion..
legendary
Activity: 1904
Merit: 1176
Glory To Ukraine! Glory to the heroes!
November 07, 2024, 03:30:11 AM
#23
After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.

  • SEC Chair
First of all, it is guaranteed that the SEC chair will be replaced by a new one. Trump has said that he will fire Gary Gensler if elected. The question now would be, who would replace him? Surely the SEC chair that will replace Gensler is someone who has the same plans for bitcoin and crypto as Trump. We will definitely see less restrictions within the crypto market which would lead to more innovations.
  • Bitcoin Reserve
Trump hopes to make bitcoin as the country's reserve and treat it like a national gold reserve. If this were to happen, countries that are already holding bitcoin will find themselves at an advantage while countries without bitcoin might scramble to keep up.
  • Taxes
Bitcoin or crypto transactions will be taxed less. This can definitely boost more interest in crypto especially in the US. Trump hopes to make the US as a bitcoin capital and gaining interest from other countries due to their bitcoin friendly policies could lead to that.

Of course, these things can only happen if Mr. President actually follows through his words but if he does do the things he has said,

 where do you see bitcoin, specifically in the US, 4 years from now?


Of the points you listed, I am most interested in two of them, and the first is, of course, the dismissal of Gensler, who has already become quite annoying to the entire crypto industry. I think that since Trump was initially very loyal to crypto, he will be able to keep some of his promises and, of course, the dismissal of Gensler will be one of the most visible, if this does not happen, then it will be clear how much Trump is determined to change something.

And the second is the assignment of bitcoin to the status of a reserve for the United States, this would also be an excellent signal for other countries, even those that were previously not so loyal to bitcoin, as a result, this can lead to a very positive attitude towards bitcoin. But for now we need to wait some time, Trump will have a lot of responsibilities and it will take a little time until he gets to some issues.
hero member
Activity: 952
Merit: 541
November 07, 2024, 03:26:08 AM
#22
After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.
One thing is for sure, Trump has won the election and soon he will be inaugurated as president-elect for the next term. Regarding all the promises he made during the campaign, they are all still grey. Most of the promises from politicians are not credible, they only use the hype around their lives to achieve their goals.
If Trump wants to realize his promises, he must start with economic policies and deregulation, which must also go hand in hand with contributing to investment media that can indirectly benefit Bitcoin. Hopefully, the administration's policies during Trump leadership will be a new era for Bitcoin that can be fully integrated into the current financial system.
copper member
Activity: 168
Merit: 4
November 07, 2024, 03:20:03 AM
#21
It is one thing for people to make promises and another thing to keep to their promises. The bitcoin community and lovers of Blockchain have done their part in voting him, let's just be hopeful that he will do as he has promised. But if Trump implement everything he said during his campaign, I think bitcoin will be over $200k in the next 4 years. But it is very important that we keep our expectations low, so that we don't get psychological or emotional problems if it turns out that Trump don't as he has promised.

Politicians stay politicians after all.
But - the overall mood and the composition of power is the most pro-crypto ever, as I've heard.
So maybe, everything will be great as we imagine it now.
sr. member
Activity: 588
Merit: 338
November 07, 2024, 03:12:36 AM
#20
We surely don't need to speculate for much longer, it's good that he has won the election, so it's time to do the talk. It's said that politicians are not to be trusted that they can promise anything to increase their votes to win, whether trump, will fall into this category again will be known as his agenda unfolds. Regarding Bitcoin increasing adoption, I don't think that anything can stop it now, it'll be on record that Donald Trump, leveraged on Bitcoin popularity to get votes. So even if he doesn't give Bitcoin the attention that it deserves, the American people will know that Bitcoin has made a name for it's as a store of value. But I want to be quite positive about Bitcoin in the Trump, administration.
sr. member
Activity: 378
Merit: 285
November 07, 2024, 03:09:52 AM
#19
It is one thing for people to make promises and another thing to keep to their promises. The bitcoin community and lovers of Blockchain have done their part in voting him, let's just be hopeful that he will do as he has promised. But if Trump implement everything he said during his campaign, I think bitcoin will be over $200k in the next 4 years. But it is very important that we keep our expectations low, so that we don't get psychological or emotional problems if it turns out that Trump don't as he has promised.
legendary
Activity: 2898
Merit: 1823
November 07, 2024, 03:07:16 AM
#18
After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.

  • SEC Chair
First of all, it is guaranteed that the SEC chair will be replaced by a new one. Trump has said that he will fire Gary Gensler if elected. The question now would be, who would replace him? Surely the SEC chair that will replace Gensler is someone who has the same plans for bitcoin and crypto as Trump. We will definitely see less restrictions within the crypto market which would lead to more innovations.
  • Bitcoin Reserve
Trump hopes to make bitcoin as the country's reserve and treat it like a national gold reserve. If this were to happen, countries that are already holding bitcoin will find themselves at an advantage while countries without bitcoin might scramble to keep up.
  • Taxes
Bitcoin or crypto transactions will be taxed less. This can definitely boost more interest in crypto especially in the US. Trump hopes to make the US as a bitcoin capital and gaining interest from other countries due to their bitcoin friendly policies could lead to that.

Of course, these things can only happen if Mr. President actually follows through his words but if he does do the things he has said,

 where do you see bitcoin, specifically in the US, 4 years from now?


- Free Ross Ulbricht
That's the pre-election promise by Trump that I actually want to see fulfilled, merely to see if he is such a person who holds true to his words.

Plus looking at the situation from another viewpoint, although Ross Ulbrict is a convict, he's also a pioneer in what applications could be done through Bitcoin.
hero member
Activity: 2156
Merit: 803
Top Crypto Casino
November 07, 2024, 03:06:09 AM
#17
Politicians make many promises in their election campaigns. Only a few of those promises are fulfilled, and the rest are ignored. As far as I understand, Project 2025 is his priority, for which he will be hiring Elon Musk. Next, he might reduce the tax burden on the citizens. That policy might also reduce the tax on Bitcoin. As of now, the Bitcoin price shows that his win will bring many positive changes in the crypto sphere.
copper member
Activity: 168
Merit: 4
November 07, 2024, 02:54:26 AM
#16

First of all, it is guaranteed that the SEC chair will be replaced by a new one. Trump has said that he will fire Gary Gensler if elected.

It’s pretty much a given. Any new president will replace officials not on their side, especially appointees. But what will the new SEC chair do for Bitcoin? As far as I know, Gary Gensler was known for saying Bitcoin will never be a currency. So, could the new chair help push Bitcoin to be recognized as a currency rather than just property in the US?

Expecting the US to promote bitcoin as a currency is a very high expectation and I don't think that will happen in any way. The United States dominates the world by forcing every country to use and depend on the US dollar. If they legalize a currency that they do not control, it will negatively impact the dominance of the USD and that means it will directly threaten their power.
-snip-

What do you think about Trump saying BTC becoming "US made"?
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