Post
Topic
Board Bitcoin Discussion
Re: If Kamala Harris wins, Bitcoin will be fine.
by
nelson4lov
on 22/09/2024, 22:36:45 UTC
~Snipped

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? 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.

Most of the people that jumped on the Bitcoin bandwagon in the recent years are much more concerned about the price. So the idea is:

Trump wins => Price go up and stay up (see using Bitcoin to back US national reserves)

Kamala => Price goes down + unfavorable policies.

Bitcoin was created to be independent of government control providing a permissionless way to make transactions and that is what I came to love about Bitcoin when I first learnt about it. Even paypal wasn't allowing payments to my country but Bitcoin welcomed everyone.