Post
Topic
Board Speculation
Re: BTC will go back to $30k if Kamala wins
by
d5000
on 01/11/2024, 00:33:13 UTC
I keep telling about businesses and you keep focusing on individuals.
Where did I focus on individuals? Are there no businesses in India or China? Wink

The "universal business adoption as a savings means" is imo not an impossible scenario, but for my tastes it is a little bit too bullish. I think businesses will be divided about Bitcoin also in the future.

So I get what you mean. But this thread is about Trump/Harris's influence on Bitcoin price, i.e. my post was about political measures that could influence Bitcoin's price. Businesses' decisions on Bitcoin should be largely independent from who wins this election.

And while some of the forerunners are indeed in the US, with MicroStrategy as the prime example, the causality is not necessarily MicroStrategy -> some US companies -> most US companies -> rest of the world. IMO the next steps in this evolution are mostly independent from the country the business operates in (with the exception of course of countries with Bitcoin restrictions). For example, European and Brazilian businesses can also invest in Bitcoin ETFs since 2021.

I will come with maybe not a great example: the American banks' subprime game. The 2000 crisis has shown how many banks have followed American banks' "strategy".
Yes, the example isn't perfect, because it could also mean that companies in other countries could now be more wary about what they copy from US companies and what not Wink