Post
Topic
Board Bitcoin Discussion
Re: If Kamala Harris wins, Bitcoin will be fine.
by
m2017
on 17/09/2024, 14:36:04 UTC
1) Even in Biden's "anti-crypto" tenure Bitcoin has done well. Not only did the price rise, but ETFs were approved, even for Ethereum.
This is an indicator of how overrated the roles of candidates/presidents are on bitcoin. It seems you all forgot about the decentralization and independence of the BTC-network.

4) The US are only 4% of the world population. Bitcoin is a global currency. In addition, as shown above, in the US population crypto has already a high adoption (almost 20% of the population having already bought or held crypto). The potential for future price growths lies mainly outside the US where adoption is often still much lower, even in rich countries in Europe for example.
The dominance of the US with 4% of the world population owning bitcoinis due to the surplus of capital/money (thank you, endless printing press), allowing these investments to be "poured" into bitcoin. When people have little money, then what kind of purchase of bitcoin can we talk about?

These "projections" that Bitcoin will fall to 30.000 or so if Harris wins are, in my opinion, completely baseless and overestimating the US influence on Bitcoin.
This is pure speculation, rocking the boat of the cryptomarket and the influence of the US\Harris is overestimated. Since when did this start happening? If the world economy depends on the US economy, then now the cryptoeconomy is becoming dependent on the US?