They're saying that Bitcoin spiked above $62K during the Presidential debate as Biden forgot what he was saying in the middle of a response and looked absolutely clueless. Investors took this as a bullish signal for Bitcoin that Donald Trump will easily win the election due to Biden's obvious mental decline. Good news for Ross Ulbricht and his family as it looks like a pro-Bitcoin President is on the way. I'm also happy for the families that are dealing with wrongful Jan 6 convictions, but those won't help send BTC to the moon... I do wish Bitcoin had been discussed.
Trump is pro anything that will get him votes, he believes in nothing. No way he understands BTC anyway. If he wins it will probably be pro-BTC because he might crash the dollar...
Crash the dollar? LOL. The current administration has the highest inflation rate in my lifetime. Talking points are fine, but you should at least base your arguments in some sort of reality.
Do you give Biden credit for Bitcoin’s price now because he’s crashed the dollar harder than any President since I’ve been alive?
I live in euroland so I can tell you the dollar hasn't crashed, on the contrary it has risen. Same against the Yen, the Yuan, most emerging currencies...
In fact I just heard on the radio that with the current situation in my country, it's the Euro that might crash down to under parity with the dollar.
But no I won't particularly put that on Biden, Biden hasn't taken radical decisions, aside from the infrastructure spending (same that Trump promised to do but never did).
Trump is promising things like a 100% tariff on all Chinese imports, that could shake things up in unexpected ways. And certainly not help inflation.
edit : BTW if I had a vote I would go for Biden if nothing else because he's more mainstream, but I agree with the sentiment that he should have had someone else take over and campaign. One issue is probably that Kamala isn't popular so he couldn't just resign. And the republicans should also have someone better than Trump.
First of all, there is no one better than Trump to rally voters to get out and support the Republican party otherwise, there would have been a different candidate. As for the Democrats, there would be a better candidate but for the legislation preventing Obama from a third term and they have waited far too long in the game to come to the realization that old Joe is... well, old... to work on a viable alternative. Possibly they knew but maybe democrat party rules don't allow for his involuntary ouster since he is a sitting president.
The US dollar is the most dominant currency in the world but when the purchasing power of any currency is cut off at the legs, it has crashed. Measuring it against a basket of other weaker currencies from your trading partners is like putting lipstick on a pig. Inflation has run rampant over the last several years - wages have not kept up (surely by design) and the price of simple things such as housing and food are now out of reach for more and more working Americans.
As for the 100% China thingy you are claiming (he was talking about cars), fortunately we have some historical numbers:
in billions of dollars
It doesn't matter who becomes president but I
would like to see the pendulum shift back towards dinners around the table with the family.
Buy bitcoin
- it really makes you wonder how low people have to stoop to support one or the other? If it were a country that does not have too much influence on world politics, nobody would care too much - but unfortunately, what happens there always affects all people, no matter where they are.
