Quote from: Tmoonz on Today at 12:04:22 PM

Quote from: Kalchef on May 29, 2024, 06:59:46 AM

What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing.

What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else.

Will Bitcoin become better if any of these become possible?

Unfortunately I could say that there is nothing so spectacular or unique about the us election that will influence Bitcoin performance, Bitcoin has been doing greatly before this said elections and it will continue to do the same even after the election, hence anyone prioritizing bitcoin to be having or making new highs after election might just have failed to recognize the potentials that Bitcoin holds even without the election preposition, we don't have to be deceive by politicians as regards to making an informed investment decisions, because it is Bitcoin we are talking about here and not just some random coins in the space.

The US election doesn't affect bitcoin directly a lot but it will have its indirect effects on the crypto world. Since bitcoin is considered a commodity/money in many parts of the world, the economy in the United States will affect its price against the USD and the elections will affect the US economy and the USD. If the FED prints more money, the USD will weaken and BTC will go up against the USD. However, if the economy stops in the US, even though they print money than that's called recession or stagflation or whatever and then everything will go down. So, the leadership in the US is definitely important for anyone that trades assets whether it is bitcoin or stocks or other commodities.