Post
Topic
Board Bitcoin Discussion
Re: Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning
by
pooya87
on 01/06/2024, 06:15:51 UTC
I think the anarchist bitcoiners are hoping Trump becomes president because in their opinion if America falls that means Bitcoin will rise as the replacement for the US dollar. And Trump is the best chance to topple America since the Cold War, and Trump is probably 100x more likely to topple America than the Soviets ever had a shot at.

So in their mind you bring in Trump, he ends America's role as the dominant country in the world, the dollar loses its special place in the world as America collapses, and then Bitcoin ascends. Of course they don't realize that it is way too early in Bitcoin's adoption for that to work, so if America crumbles under another Trump presidency all it would do is crash the price of Bitcoin as the American economy fails.
It's not a matter of "if", it is only a matter of when and how. America has been on a downward spiral for decades and if it happens overnight it might affect bitcoin price negatively but a fast demise is unlikely. The more likely scenario is the continued downward spiral at a faster pace. A radical like Trump would hasten that demise while a senile old man like Biden would ensure it.

This is good news for both bitcoin and the world economy because that slow demise gives the world enough time to "decouple" from America and that has been happening over the past 10+ years, speeding up over the past 2...