Post
Topic
Board Bitcoin Discussion
Re: Trump vs. Biden is almost like Bitcoin vs Fiat
by
Abiky
on 12/06/2024, 13:52:52 UTC
You should compare each administration with its predecessor not the next one.
It's a trend that is happening all around the world and not just in USA. Biden is worse than Trump, Trump was worse than Obama (Bitcoin didn't exist during Bush admin.). The regulations for the crypto world is getting tighter and tighter. Next administration will get tighter regulations as well.

I dare say that even if Satoshi Nakamoto were to become US president this year, the regulations, KYC enforcements, the banning of anything remotely privacy related such as mixers, etc. will continue at a faster pace.

Governments want control and despise losing it. They will not stand idly by watching people reach financial sovereignty and they will not accept not-being able to for example shut down all their bank accounts and seize all their money any time they wanted to. So they'll start hitting back...

Politicians are politicians. They usually lie just to get what they want. Would you imagine Trump not keeping his promises after being elected? Just like Javier Milei once he rose all the way to power. He forgot about abolishing the central bank and replacing the Argentine Peso with the USD or BTC. The same could happen with Donald Trump.

It seems that crypto is a subject of debate in politics. It could drastically change the outcome of elections this year. Between Trump, Biden, and RFK Jr., it seems to me that Trump is the most pro-crypto presidential candidate. For that reason alone, many crypto supporters will vote for him. We'll only know if he'll keep up with his promises after being re-elected. The future is widely unpredictable, so we can only hope for the best. Cheesy