Original archived Re: Bitcoin in Politics.
Scraped on 15/07/2025, 06:42:33 UTC
Your right politics has a great influence on how Bitcoin adoption will be globally because we have already seen from the United States of America election which that saw trump to power and how he promised a reform on the crypto laws there was a great shift in the way and manner that Bitcoin was seen it also affected the price of Bitcoin but the only problem that I seems to have with this move by Elon musk is that politicians can use Bitcoin as a means to get to power because politicians can capitalize on anything just to get to power
Politicians are using bitcoin to gain the support of those who are into bitcoin to vote them into power. Since all governments have shown their ugly ignorance about bitcoin, those who promise to help reduce those hatch policies about bitcoin gain the support of bitcoiners so easily, and when someone with so much power like Trump is in office, any financial policy they have to make will definitely affect the price of bitcoin either positively or negatively. Until the people try to disassociate themselves and believe about what they expect from those in power to do for Bitcoin, high-profile politicians and their doings will have an effect on it.
What you're talking about is a common phenomenon in alternative asset markets like Bitcoin: the politicization of assets for electoral gain. Politicians, especially those who see opportunities in the crypto community, will undoubtedly capitalize on this momentum to expand their voter base. However, it's important to remember that any policy issued by powerful figures, such as Trump or other leaders, can be a double-edged sword—it can drive prices up or trigger a sharp correction. As long as the market views political power as the primary factor in determining Bitcoin's fate, volatility will remain high. Therefore, Bitcoin holders need to learn to focus not solely on political figures but also on developing adaptive and independent investment strategies to avoid being trapped in power plays.