Quote from: Issa56 on November 15, 2024, 08:26:33 PM

Quote from: CTM_Marketing on November 09, 2024, 07:59:35 AM

Now, amid Donald Trump's victory, cryptocurrencies continue to rise as many hope that he will support cryptocurrencies. Which means that the cryptocurrency market will continue to grow. At least many believe and hope so. Roll Eyes

Even without Donald Trump's victory, bitcoin is still going to grow, and I don’t even like the idea of people linking bitcoin with politics, bitcoin should grow on its own and not because someone wins an election. Even if Donald Trump didn’t win the election, you don’t expect bitcoin to die, just that we might not see the current price movement in bitcoin, we won’t be seeing the current pump happening, maybe we will be in a bear, but Donald Trump’s victory has really helped bitcoin's price, but I don’t really have much confidence in most of these politicians, most of them do what’s going to favor them alone.

Yes, I agree with you that even without Donald Trump winning the election as president, Bitcoin will still continue growing. However, let us note that if we can have more government support for Bitcoin, it could grow more quickly. Governments have been a significant reason why Bitcoin has not been growing as well as it could.

Currently, there are countries where Bitcoin is still not legalized, and this has been a major reason why Bitcoin's price remains at its current level. If other governments become more supportive of cryptocurrency, trust me, Bitcoin could grow far beyond its current state.

So, I would say that Donald Trump might contribute to Bitcoin and altcoin prices increasing. However, let’s not forget one crucial thing. if the U.S. government decides to ban Bitcoin, it will surely impact Bitcoin growth negatively, as many people will rush to sell off their holdings.