Which other presidents could make Bitcoin bullish? - page 2.

bitterguy28

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Quote from: Despairo on January 24, 2025, 11:54:53 PM

Supports decentralized systems, when president is one of centralized systems, it's almost impossible, we're not live in paradise.

crypto can't fully realize its full potential under a government but what are we to do when the acknowledgement of crypto and its adoption depends on these governments?

at best we are just expecting a president that sees the potential of bitcoin and knows its benefits and how to use it even without wanting it to be centralized completely

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if there's a president can make Bitcoin price hit new ATH, then it's true the president can control Bitcoin price.

no one can control bitcoin and most likely when bitcoin is at bear cycle, no president would be turning their heads towards bitcoin

pinggoki

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I think that China and Russia could be a big contender in making an effect on the bitcoin market, but in my opinion, as long as the USA is at the top of the food chain when it comes to global market, we would probably see in the immediate future of bitcoin that it's going to be mostly affected by changes in the presidency/administration of the USA. It's a really big position to be filled too, that's why it's a big deal to people in bitcoin whoever sits on the Oval office because it influences how the market moves.

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Quote from: Sanitough on January 24, 2025, 05:09:11 PM

As we’ve all noticed, it’s Trump causing a lot of hype in the market lately. People are speculating that he might introduce crypto-friendly policies, and of course, he probably has his own intentions, like promoting his coin.

But once this hype fades, I wonder who could be the next president to have such a huge impact on the crypto community. Someone who could spark bullish speculation like what we’re experiencing now. It’ll likely be a leader with a strong stance on blockchain innovation, maybe someone who openly supports decentralized systems or sees crypto as a tool for economic growth. Any guesses?

Before Trump, no one speculated on their election campaigns on Bitcoin as Trump did, and Bitcoin grew on expectations, to some extent Trump took advantage of the large Bitcoin community that would like to see a loyal president, but what will happen next is still hard to say. I did not like that a few days before the inauguration, Trump made a post about his meme, which showed that he puts his personal income as a priority for himself. I also did not hear from him about the Bitcoin reserve, he does not mention it in his speeches, but it is too early to draw conclusions...

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Quote from: Ambatman on January 24, 2025, 05:15:38 PM

The one people least expected
The President of China Xi Jinping

Probably this is the best answer. Right now the world's biggest economies are the USA and China, the USA are openly accepting bitcoin, China not yet and if they start, well, that would be the best scenario. I would be quite surprised if China doesn't even try to enter the crypto world, leaving everything to the USA would be a huge mistake (for them).

rodskee

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Quote from: Sanitough on January 24, 2025, 05:09:11 PM

But once this hype fades, I wonder who could be the next president to have such a huge impact on the crypto community.

xi jinping. vladimir putin.

presidents of countries that are wealthy and powerful and influential in the world. both notorious for being aggressive and strict they have been presidents of each respective countries for more than 10 years each

quite known as dictators and most importantly these countries are known for not being accepting of crypto so just imagine if either president decides to show some support for crypto openly and have bitcoin be a legal tender? quite unrealistic to me but we'll see because we never know what could happen

GigaBit

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Recently, Trump's positive stance has had a huge impact on cryptocurrencies all over the world. Many have supported him considering his support for Bitcoin in the US presidential election as a positive attitude. After Trump's victory, he is working to implement those promises. He has definitely become a crypto enthusiast.

https://coinmozo.com/bitcoin-to-become-the-new-world-reserve-currency/
We want to see changes constantly for the crypto hype. That is why many people feel that who will help crypto to become bullish next time? In reality, no individual or institution can turn Bitcoin into bullish or bearish if they want. The most important role in this is played by ordinary investors and holders. There is no way to deny the importance of important individuals such as Michael Saylor, who is known as the largest Bitcoin holder.

I am not very optimistic about the US President as a political figure because he is in power today and may not be there tomorrow but those who will always be there like Michael Saylor, Elon Musk, Nayib Bukele and others will increase the value of Bitcoin. If countries start making Bitcoin a reserve currency then the price of Bitcoin will start to rise again massively.

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Quote from: asriloni on January 25, 2025, 12:04:24 AM

It must be China's President and India's prime minister.

I agree about China, there needs to be a major positive change, and it would definitely grab the world’s attention. As for India, I don’t think they’re completely against Bitcoin. While they don’t recognize it as legal currency (just like many other countries), trading and holding Bitcoin is legal there.

China seems to be the only major country that’s openly unfriendly toward Bitcoin. On the other hand Russia is using Bitcoin to bypass sanctions, so they’re more inclined to embrace it.

kotajikikox

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Quote from: Sanitough on January 24, 2025, 05:09:11 PM

But once this hype fades, I wonder who could be the next president to have such a huge impact on the crypto community.

Before anything else, I think it is wrong or inaccurate to call what is happening right now with bitcoin as 'hype'. Because when this 'hype' of Trump supporting bitcoin fades, what will be left but the regulations and laws that uplift not only bitcoin but the crypto industry as a whole. This is not simply an event that would drive the prices higher but a step to many more so we reach adoption globally.

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Someone who could spark bullish speculation like what we’re experiencing now. It’ll likely be a leader with a strong stance on blockchain innovation, maybe someone who openly supports decentralized systems or sees crypto as a tool for economic growth. Any guesses?

I do not know if there is any president that is so passionate about crypto aside from El Salvador's. The one you are describing is most likely not a president yet and is someone from the younger generation.

asriloni

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It must be China's President and India's prime minister.

I know how strict China and India toward crypto. If they can open the crypto gate through adding Bitcoin as their reserve, it is gonna give us massive adoption. China is the second largest economy in the world, which is gonna contribute a lot to the organic growth of Bitcoin adoption. Meanwhile, India is also a country with most population, and it's gonna help Bitcoin to get massive adoption.

Despairo

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Supports decentralized systems, when president is one of centralized systems, it's almost impossible, we're not live in paradise.

I would challenge any president who dare to support Bitcoin in 2026 and 2027, make sure in that years Bitcoin will beat the ATH in this year. Because at that years it should be bearish season and correction, if there's a president can make Bitcoin price hit new ATH, then it's true the president can control Bitcoin price.

If they only show and support Bitcoin during bullish season, without them Bitcoin is always fine.

X-ray

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Quote from: Coin_trader on January 24, 2025, 09:46:46 PM

Quote from: Ambatman on January 24, 2025, 05:15:38 PM

The one people least expected
The President of China Xi Jinping

China would rather create their own Bitcoin rather than use what US currently eyeing for investment. They have their own google, facebook and other things which other country popularly using since they can create their own and implement it to their citizens without any problem.

I’m also done with China since they make Bitcoin crazy pump and down with their manipulation in the past. Current Bitcoin market is good with US leading it.

I think Korea or Japan is much better candidate since they create a hype or trend.

yeah if china don't want to allow bitcoin, then let them not allow it even without china BTC is getting trillion valuation, I don't think it's such a problem that china don't want to have anything to do with crypto.
the thing is, I've seen whenever there's some good news with crypto related coming from china the market seems to be not reacting at all, maybe because china influence isn't that great in crypto anyway, even if somehow china allow bitcoin and approve it, there might be some small wave, but since we've seen ETF approval in the US, china's approval won't be a big thing anymore.

pooya87

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Bitcoin is the only sound money in the world that doesn't need hype (like pump and dump shitcoins do) to become bullish and increase its adoption and consequently go up in price. Not to mention that these short lived "hypes" are more damaging to Bitcoin than helping, since they create volatility and bring in speculators and weak hands instead of real adopters who wouldn't just panic sell their coins if the same person who started the hype reverses their random statements.

Have you all forgotten what Musk did?

franky1

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Quote from: Sanitough on January 24, 2025, 05:09:11 PM

As we’ve all noticed, it’s Trump causing a lot of hype in the market lately.

its not 'coz trump' you silly man...
we are in a well known season of a bitcoins market cycle. we are in the bull run of the ATH season.. we know the market cycles are in 4 year cycles and they have seasons such as the halving season ATH season and correction

stop showing how much of a trump fangirl you are by thinking trump controls bitcoin.. wake up and realise people years ago could have told you the price trend(bull) of this season without having to know which president was in power

oh and just wait until after the ATH when the price comes down and goes bearish for a couple years during the correction season and try to explain how your beloved idol trump is the reason for the price drop(it would be a laugh to see you explain)

ill give you a hint: (future prediction)
2026-27 will be the time the price will be below 2025's ATH(the ATH yet to hit this year)
2028 will see the halving beginning of a bull season(price meets and start to exceed 2025 ATH). 2029 will see the bull and next ATH of the next cycle, then it would correct below the 2029 ATH.. until 2032 where the bull begins again

and i didnt need to tell you of any president of any country

Coin_trader

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Quote from: Ambatman on January 24, 2025, 05:15:38 PM

The one people least expected
The President of China Xi Jinping

China would rather create their own Bitcoin rather than use what US currently eyeing for investment. They have their own google, facebook and other things which other country popularly using since they can create their own and implement it to their citizens without any problem.

I’m also done with China since they make Bitcoin crazy pump and down with their manipulation in the past. Current Bitcoin market is good with US leading it.

I think Korea or Japan is much better candidate since they create a hype or trend.

LogitechMouse

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Quote from: Sanitough on January 24, 2025, 05:09:11 PM

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But once this hype fades, I wonder who could be the next president to have such a huge impact on the crypto community. Someone who could spark bullish speculation like what we’re experiencing now. It’ll likely be a leader with a strong stance on blockchain innovation, maybe someone who openly supports decentralized systems or sees crypto as a tool for economic growth. Any guesses?

There are only 2 presidents that comes to my mind when it comes to "Making Bitcoin bullish".
President of Russia, and the President of China.

Any similarities? 3 of them are superpower countries, and in terms of global influence, I believe the 3 of them are at the top especially US that's why we are seeing a huge effect on the price of Bitcoin and other top cryptocurrencies whenever Trump says something positive about it. Putin already had some statements regarding digital currencies, but nothing directly about Bitcoin in the past while President Xi Jinping will still ban crypto on his country.

We've seen countries like El Salvador and Bhutan buying Bitcoin, but that didn't have that much effect compared to US and Trump. There might be other people though that can make Bitcoin bullish, but not presidents.

Darker45

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It doesn't matter who for as long as he/she is a president of a powerful and influential country. But I think it's difficult to equal the Trump effect on Bitcoin. Trump is a populist and he's the president of no less than the United States of America.

El Salvador's aggressive support on Bitcoin didn't produce the kind of hype that Trump's support created. The same is true when the Central African Republic announced that they too will also declare Bitcoin as a legal tender.

So, I guess it's a matter of influence. If China does it, the effect would be huge, whether it is Xi Jinping or somebody else who will make it happen.

Luzin

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Quote from: Ambatman on January 24, 2025, 05:15:38 PM

The one people least expected
The President of China Xi Jinping

Look at history, they are countries that are open to crypto. A few years ago China became a very influential country in crypto, but that's not for now. President Xin Jinping's policy made China ban Bitcoin from developing. In November 2021 they officially banned Crypto in their country. They focus on CBDCs and possible futures I don't know.

But with the conditions predicting the future if China reopens the ban, I think it is fundamental good for the development of crypto. Although I have heard of some large mining investors choosing to move countries to continue their activities, they do not appear to be a stronger state policy and have no influence. Maybe if they change presidents, I think crypto could be a campaign tool like Trump.

Source: https://www.investopedia.com/news/price-cryptocurrencies-totally-dependent-china/#:~:text=China%20does%20not%20allow%20cryptocurrency,from%20mainland%20Chinese%20financial%20regulations.

topbitcoin

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Quote from: Ambatman on January 24, 2025, 05:15:38 PM

The one people least expected
The President of China Xi Jinping

It is undeniable that in the end China could be one of the good options but in the end with the characteristics of their country which is more closed and a little contrary to the ideology they are taking for now then I think this will be the last possibility to happen because after all it does not mean to weaken but they will still uphold what they have done since the beginning where transparency of each citizen's income and equalizing conditions for each citizen is always a priority. By trying in bitcoin and introducing this just like the US did then indeed they will erode the ideology that they have upheld since the beginning and that is clearly difficult to happen.

But when it comes to economic conditions and including political elements in it then all things can happen but if in the end Xi Jinping does that and without any obstacles from his decision then in the end the same situation could happen even though I don't expect such a thing because for me it will make a little bit of the assumption that bitcoin will only be able to be like now thanks to the help of a few people who raised it alone but the fact is certainly not like that.

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Big influence, comes from big countries. Currently the United States, China & Russia lead the ranking of the world's powerful countries. President-elect Donald J. Trump has already expressed his stance on the crypto industry & we all celebrate his actions. It only takes 2 more supports, namely from Xi Jinping as president of China & Vladimir Putin as president of Russia to make this madness even crazier.

Unfortunately, both presidents have not given a strong stance & support for this industry. Let's see what will happen after all crypto regulations in the United States will be made by Donald J. Trump, hopefully we get a surprise.

Source:
1. https://www.usnews.com/news/best-countries/rankings/power

- Ammar M. A.

CryptSafe

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I have checked to see but no other president could be able to do what Trump has been doing in the crypto space. Trump is a businessman and knows the strategies to use as a businessman in politics and crypto to have a good and successful economy. I have never seen anybody except the Chinese president who could be a bit of an influence on the crypto community due to the Chinese economy and their population, which can be of a good advantage in an increase in the demand for bitcoin fuelling price increase.

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