Bitcoin should be not depending on any of that as the very reason it exists is because it was supposed to be resilient against government intervention. And now we are counting on presidents to pump the price?
I completely agree here.In addition, if Bitcoin is close to an ideology then it's libertarianism/anarchism, and none of the big US parties are even close to these ideologies. Some say Trump is close to a libertarian ideology, but "libertarian" would also mean to open the borders to allow the free flow of human capital
(Racism is actually one of the most anti-libertarian things that exist.) Some other things Libertarians like Rothbard advocated for are actually the opposite of what Republicans want.What happened? Why people suddenly want to be dependable of such actions? Only thing i can see that we are being just greedy over the use cases it was originally designed for.
The explanation for this behaviour is for sure the current actual user base, composed mainly by speculative investors. I'm sure the large majority of those who are supporting an US Bitcoin reserve like Trump has announced it, would love to cash out at let's say $500k and go away.
The optimist interpretation of that behavior is that it is a consequence of the strong growth of Bitcoin in recent years. Above all after 2020 I believe many were lured in by influencers promising then high returns, and some (those who invested in the correct moment) got what they had been promised, or they are close to get it, and thus they want more.
In this case, there's still a chance that some of these new investor groups fall down the rabbit hole, appreciating Bitcoin's original "values" and understand its unique value propositions, all related to concepts like censorship resistance.
The explanation for this behaviour is for sure the current actual user base, composed mainly by speculative investors. I'm sure the large majority of those who are supporting an US Bitcoin reserve like Trump has announced it, would love to cash out at let's say $500k and go away.
The optimist interpretation of that behavior is that it is a consequence of the strong growth of Bitcoin in recent years. Above all after 2020 I believe many were lured in by influencers promising then high returns, and some (those who invested in the correct moment) got what they had been promised, or they are close to get it, and thus they want more.
In this case, there's still a chance that some of these new investor groups fall down the rabbit hole, appreciating Bitcoin's original "values" and understand its unique value propositions, all related to concepts like censorship resistance.