By tying Bitcoin to Trump, many 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.
This is happening naturally. I do not know why people are so much concerned about what can not be stopped. Trump knows already that people are so much in crypto and he is using it to try to become elected as the next United States president. It is Trump that needs the help of bitcoin enthusiasts and not bitcoin that needs the help of Trump. If Trump won or did not win the election, bitcoin will survive. If Trump wins the election and later went to prison, bitcoin will still survive. Even the whole Chinese government were unable to crackdown how bitcoin is in their country, not to talk of a single person in United States.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.
You said bitcoin will survive. This is not about survival, bitcoin will thrive I'd rather say no matter whether Trump will be elected or not. I like how you put it when you said that bitcoin doesn't need Trump, but Trump needs the help of bitcoin (enthusiasts). That is very well said and hits the nail on the head. He has been known for long to be fishing for votes everywhere possible. Let him crack down on bitcoin, as you said, nothing's gonna happen as could be seen at the example of China. It is a prime example because if there is one country surveilling its citizens and trying to crack down on them whenever they can, it is China. Brutal consequences for misbehavior and yet they had to realize there is no chance stopping bitcoin from at least circulating. They could crack down on major exchanges and mining operations, but that's it.
This is what happened when China cracked down on its mining industry last time.
Even after the crackdown it was said that in 2021/2022 despite the crackdown about 20% of the mining operations remained in China, people finding sophisticated ways to hide their setups. Economic incentive outplays restrictive policies even in China and the nature of how bitcoin is generated and how people can participate will give an advantage to miners over the government. How would a government enforce mining restrictions across all China?