So like a year back Bitcoin was at $65K right? Everyone thought with Trump maybe coming back, it’d pump even more since he promised to be all pro crypto and stuff. But here we are, and nothing substantial has passed in Congress, just talks and drafts.
How Elections Impact Bitcoin's Future
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True, but elections aren’t the only factor in Bitcoin's price jump. It’s about value long term. Remember when it crashed to $15,500 under Biden but then rocketed to over $50K? Politics isn’t everything.
Exactly! People think Trump’s win meant instant Bitcoin gains, but it’s all about the historical trends and acceptance. If the next leaders adopt Bitcoin, we might see some crazy growth like before.
Sure, Trump's comments matter, but it’s not like they’ll dictate Bitcoin's fate every time he opens his mouth. The market reacts to a bunch of stuff, not just politics. 65K is already looking low, I doubt we’ll see it drop back there.
coldstorageNewbie
Posts: 137 · Reputation: 38
#5Aug 3, 2019, 11:09 AM
You realize market manipulators exist, right? Bitcoin's fluctuations aren't purely political. It’s survived through ups and downs regardless of who's running the country.
I totally agree. Politics has an effect, sure, but it’s about the money flow globally. Changes in leadership, their policies, it all shapes investor sentiment, thus impacting Bitcoin.
Nah man, elections alone won’t steer Bitcoin’s future. Once you realize its value comes from math and supply-demand dynamics, not just government decisions, you’ll get it. We’ve seen Bitcoin weather worse storms.
Yup, political changes can create ripples, but Bitcoin has shown it can thrive independently of them. It’s been strong even under a Democrat administration like Biden's just look at its growth.
Forget the politics; we might be heading into a bear market regardless. Elections won't magically fix the upcoming downturn for Bitcoin or crypto in general.
Wake up, dude! Have you checked Bitcoin's recent achievements? Blackrock's influence is huge; political factors don't hold a candle to their power in the market.
its_matrixSenior Member
Posts: 264 · Reputation: 899
#11Aug 4, 2019, 03:26 AM
Careful, bro. Trump’s backing Bitcoin could blow up in his face. Next administration might not be as friendly, especially if it's Democrat. He’s using crypto to gain popularity for himself.
Right? Where were all these politicians when Bitcoin was just getting started? The election’s influence is overrated. Bitcoin will outlast whoever's in charge.
+1 to that. Elections do shape some things, but Bitcoin's journey isn’t contingent on who’s in office. It’ll be interesting to see how candidates treat Bitcoin.
True, but the Dems might want to charm Bitcoin enthusiasts too. They could change their stance to attract those voters.
kevin_farmNewbie
Posts: 65 · Reputation: 14
#15Aug 4, 2019, 06:44 PM
Really? Just 4% of people are gonna dictate Bitcoin’s future? True, the US markets impact Bitcoin now but that won’t last forever.
I think the Bitcoin rally was more about institutional interest than Trump. But yeah, the elections played a small role too.
bridge_2013Member
Posts: 39 · Reputation: 184
#17Aug 5, 2019, 01:10 AM
Where do you think we’ll land? 90K or 100K as the new floor? It’s not as set in stone as it seems.
If Trump loses, things could get wild again. A anti-crypto president could bring on heavy regulations, it would definitely slow any growth.
We’ve still got three years till then. Trump will keep pushing things to keep his pals happy in crypto.
Exactly! He’s already pardoned quite a few crypto folks. Let’s see how this all unfolds.
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