Quote from: Taskford on Today at 11:00:01 AM

Quote from: Princess Leah on July 21, 2024, 11:07:14 PM

Quote from: JayJuanGee on July 21, 2024, 09:26:43 PM

I would be careful if you are expecting bitcoin's performance or long-term viability is connected with politics.

Sure, there can be some advantages in terms of having politicians seeming to be on the side of bitcoin rather than fighting against it, but any of us might also get mislead if we start to place too much faith in politicians and/or various regulatory outcomes.. whether we are referring to the USA or to El Salvador or any other country. Sure it is nice that some governments (or some politicians) are not fighting against bitcoin, yet bitcoin surely is not dependent upon politicians and regulations and there might even be some conflicts of interest or even some ways in which politicians and/or regulations that appear to be aligned with bitcoin are not aligned with bitcoin.. which surely many of us even have trouble agreeing upon what is bitcoin or what are the various purposes (and/or utility aspects) of bitcoin,

It's not like the politicians who are against Bitcoin do not believe in it's potential, although there are still ignorant ones who are naive when it comes to the knowledge about it but there are some who are aware of it's potential and how it could be benficial for both the rich and common man but then, since they can't control or influence the market like the do with the Apex banks hence the opposition of the project.

I come from a country where politicians seize an opportunity with different ways during election campaign periods just to get the heart of voters, and could even go to the extent of accepting the bitcoin they discriminated just to buy the heart of bitcoin enthusiasts, but then kudos to the genuine ones who strongly stand behind the project without any hidden agenda, however the majority is corrupt and I'll barely put my trust in any politician.

With or without politicians support bitcoin still there, we see good developments happen on bitcoin even if lots of them avoid to support it. Its just some of them of them like El Salvador just see its potential. But there are other aspiring President just want to ride the hype since there main intention is to gather massive support to their voters.

People should not look at political events as a basis for their decisions to see if there's a price growth will happen to bitcoin. Also to crazy to see that past shooting incident where there are people discuss about if bitcoin price would go dump since Trump has been shot. Price development will always depends on the people who support also acquire it and not those official who's not really serious on their approach on bitcoin.

I don't know why some people are thinking wrongly on what influences bitcoin price, how will someone think that because Trump was shot bitcoin price will dip, is bitcoin price in Trump's hand or has the power to control bitcoin. In the beginning when bitcoin was out in the market a lot of government kicked against it and went as far as Banning it because they feel it is in their power to control it and they wanted bitcoin to fade away.

Unknown to the government that they cannot control bitcoin because it is beyond their power, China was number one country who thought that they are God to bitcoin but bitcoin proved all of them wrong and she continue growing in adoption and in value.

Currently, these politicians have seen that bitcoin is here to stay because many people and institutions are showing high interest in bitcoin and that is why these so called politicians are now using bitcoin as a means to win the citizens heary to vote for them during their campaign. Imagine Biden that was against bitcoin all these while has changed and claims he loves bitcoin in his campaign.

Nothing the government have to impact on bitcoin price value, because whatever they do will not have any significant on bitcoin price. If you cannot beat them, you join them is what most governments are doing now on bitcoin.