I think that this is a testament to how much bitcoin has grown that not only your average citizens know and use bitcoin but also presidents. Bitcoin mass adaption might come a lot sooner than everyone initially thought.
Yea, Bitcoin has indeed grown so much that the fear of strict government regulations is gradually fading away. The political leaders coming in now seem to be more enlightened and more accommodating of the whole crypto idea, including the likes of Donald Trump, who was way too strict during his first tenure.
On second thought, their sudden interest brings me to ask: why the sudden interest by politicians, especially those seeking political positions during elections? Are they just being politicians who have found a better way to market themselves, knowing fully well that this is the new trend?
With their interest and involvement, I also show concern that these pro-Bitcoin presidents might try to make Bitcoin a bit centralized by introducing regulations that could give them partial control. There are both advantages and disadvantages to having pro-Bitcoin presidents.
That's a fair point. There's no denying that Bitcoin's visibility has skyrocketed. The fact that even politicians are jumping on the crypto bandwagon speaks volumes. But it’s a bit fishy, right? Their sudden interest during election seasons raises eyebrows. Sounds like a marketing strategy to appeal to a younger and tech-savvy crowd.
While I appreciate that some leaders might actually understand crypto, we must remember that they also like to exert control. The last thing we need is more regulations that centralize Bitcoin. It's all about finding the balance. Maybe they're genuinely interested, or maybe they see an opportunity.
Whatever we are going to say now is mere assumption from our own end. We can only hope and pray that the policies these presidents who claim to be pro-Bitcoin will make are favourable to us all, as we cannot really do anything. Here we are still observing Trump's tenure and how it has affected the market over the past few months since he was declared winner. Quite a lot has happened, and it has been both exciting and disappointing too.
We shouldn't get too excited when these guys come out claiming to be into crypto. Rather, we should prepare our minds for anything their involvement might bring. Definitely, there will be increased adoption and some other things we can't figure out yet.