Quote from: Abiky on May 20, 2024, 10:28:09 PM

Quote from: legiteum on May 18, 2024, 02:58:31 AM

Bitcoin went up 500% under president Biden.

Only a fool would vote to radically change the situation under which that happened. Bitcoin holders are going to cut through the politics and go with the safe bet, which is staying the course.

And Elizabeth Warren has always been a staunch critic of crypto. Everybody knows that. Didn't she imply that bad actors where using the tech to avoid sanctions? She even drafted a bill meant to increase oversight on crypto assets. Talk about a Democrat.

Increasing oversight will help the market for Bitcoin because it will make the investment safer. Millions of people have lost $billions on scam crypto projects and crypto brokers, and so forth. Because of that, right now investors must be wary of these investments: because they know it's still the "wild west" when it comes to regulations, meaning people can rip you off and get away with it. This decreases the price of Bitcoin.

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Republicans are much softer towards crypto. You didn't see increased regulatory action against the crypto industry during the past administration (under Trump's leadership). Crypto supporters know who'll they be voting for (either RFK Jr. or Trump). We'll see what will happen after Election Day. Cheesy

You haven't seen anything under Democrats, either. That's why Bitcoin went up 500% under president Biden.

Nobody is "out to get" Bitcoin. I definitely get that some people need that illusion in order to feel "good" about investing in Bitcoin etc., but it's really not true. Bitcoin is perfectly legal in the USA and almost every country in the world. The government isn't trying to kill it. They actually don't care one way or another, except when consumers start getting ripped off from scams.