Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Topic OP
Bitcoin getting in bed with Trump = BAD for Bitcoin
by
legiteum
on 07/08/2024, 06:55:25 UTC
⭐ Merited by Foxpup (3)
I don't think the international readers here on the forum fully understand just what sort of divisive figure Trump is.

And the American billionaire Bitcoin whales giving Trump money right now... don't seem to care.

But understand this: either this election or the next, Trump will be out of power. When that happens, he will be remembered as a convicted criminal who betrayed his country and was extremely nasty to women, people of color, LGBTQ people, immigrants, the disabled, and the half of the Republican party who didn't support him. Trump wishes to criminalize abortion and deport millions of people from the US. Both of these things are extremely unpopular in the US.

Trump, in short, will go down in history as the worst president in US history. His own party, who will want to continue to have a chance of holding power, will abandon him and everything he stood for.

By tying Bitcoin to Trump, they are building a brand name for Bitcoin that will be both extremely detrimental to its long-term growth, and very hard to get rid of: Bitcoin will be known as a "Trump thing" for a very long time, if not forever. This is a disaster.

Bitcoin went up 500% under president Biden. Bitcoin doesn't need special favors from a government in order to survive and thrive. But Bitcoin absolutely can be destroyed if Bitcoin is associated with something the American people wish to consign to the ash heap of history.

The Bitcoin community should, at minimum, stay out of US politics. But insofar as members do, they should support the moderate status quo in Washington that was present when Bitcoin doubled in value over and over again--in other words, support VP Harris for president and the Democrats.