Quote from: tread93 on Today at 03:40:47 AM

Quote from: d5000 on September 12, 2024, 09:49:48 PM

Some folks are really obsessed with the US election. I can understand it partly because Trump, as the first candidate ever in US election history (afaik) has taken a very pro-crypto stance.

But that doesn't mean that Bitcoin will not be fine if Kamala Harris wins. Even if she didn't reveal her stance on crypto/Bitcoin (yet) and is likely to continue the Biden approach which is more skeptical to "crypto", above all altcoins.

For those reasons:

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.

2) The US are already a leading Bitcoin/crypto country. They don't need Trump for that. In the mining sector, they are "the" single leading country. There are also several exchanges in the country. At least ~50 million American people hold crypto according to estimations.

3) Altcoins are far more affected by the SEC policy than Bitcoin. The SEC's actions under Gensler were mostly directed to altcoin exchanges, the "staking" business (which is not even really PoS-style staking but often a ponzi-like construction of some exchanges) and DeFi projects which are not really decentralized, like Uniswap.

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.

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.

Discuss & Disagree

I agree Bitcoin will be absolutely fine it’s America that will be screwed under Harris 😂 that retarded laughing cunt witch. Anywho the US will face a less friendly furthering of adoption to crypto and Bitcoin under her and Timmy. For the love of God though I hope Trump wins just so that we can all be better off including Bitcoin lol

When the political party changes, there is a big change in everything. Whatever Kamala Harris or Donald Trump comes to power will change things. Putting crypto currency as a positive and negative for a party will change the political turn and harm crypto.

Currently Trump's support for Bitcoin is definitely positive towards crypto. If he wins then as a crypto lover I will definitely support Trump. But I am worried about how positive these leaders will really be after coming to the power.