Quote from: Kelward on November 14, 2024, 12:38:27 PM

Quote from: platinumsteel2016 on November 14, 2024, 02:22:35 AM

Is Bitcoin in trouble or under new regulate now that Trump will be President...I have heard that there is some new crypto that he and Elon
are trying to push. I must admit that bitcoin value did rise once Trump won the election. Can anyone provide some clarification?

Trump, is not president yet and Bitcoin is doing very fine, I doubt that Bitcoin will be in trouble when he begins his administration. Bitcoin has survived many unfriendliness by many governments policies and regulations, yet it's adoption is still increasing, this is because it's power is in the hands of the holders. That being said I believe that there'll be favorable regulations for Bitcoin in the US, this is because it should be obvious to Trump, that Bitcoin can not be pushed aside, the American people have accepted it.

The government has not been friendly to bitcoin but they are not too concerned about it either, they have ignored it and investors in the past. But as it gained more and more attention and became more popular, the government started to notice it and wanted to intervene. So I wouldn't take what happened in the past as a measure of the present and future, and think that bitcoin can still continue to grow if we have an unfriendly government.

This world belongs to governments and if we want bitcoin to become globally popular or become big or play an important role in the economy , it cannot be done without government permission . That is why not only retail investors but most crypto companies expressed support for Trump in the recent election. Because they believe Trump will be more friendly and open to the crypto industry .