Is Trump as good for crypto and Bitcoin as people think?

Chit Chat
22

I think he is good for crypto. Remember Elon is his number 1 supporter and Elon too is a big fan of crypto. Both of them will be too good for crypto

4 Likes
23

Haha I wish :joy:
Iā€™m expecting a bull run soon

3 Likes
24

not good in politics? do you have to be good in politics to elect your leaders??

3 Likes
25

The evolving discourse within the Bitcoin community regarding a potential second Trump term highlights the intersection of politics and technology. Itā€™s a fascinating reflection of how diverse opinions can shape the future of cryptocurrency, influencing regulatory landscapes and market dynamics. Engaging in these discussions is essential, as they can lead to a more informed and resilient community that adapts to political changes while championing the principles of decentralization and financial freedom.So hopefully the crypto space is going to do well if Trump wins as regarding to what weā€™ve seen so far during his time

5 Likes
27

Itā€™s good Trump supports crypto but for me with or without Trump, Bull run will definitely come

1 Like
28

Bull run will definitely happen next year thereā€™s still time to bag more

1 Like
29

Yeah they can help simulate the bull run, but I do ask myself if Trump truly supports crypto or he is just using it to attract voters because people are looking for anyone that backs crypto. Kamala on the other hand said Bitcoin is for criminals

2 Likes
30

bro this is also another question but I think he has launched some tokens and with Elon being part of him I am a little convinced

4 Likes
31

I believe Trump as a president on crytpo currency will be a massive one, he has been a lover of cryptocurrency before.

2 Likes
32

Well said, you have make a point here that is what everyone is hoping for

1 Like
33

Imo hes good for the crypto space. Hes been a supporter of crypto so far but things may change

1 Like
34

Trump winning will be a winning for crypto space either

1 Like
35

Trump will definitely shape the crypto world if he was elected as US president again no doubt about thatā€¦:slightly_smiling_face:

3 Likes
36

If Donald Trump were to return as U.S. President, his impact on the crypto sector could be significant but hard to predict given his prior stance and the regulatory pressures already shaping the industry. Here are some potential impacts:

  1. Increased Scrutiny and Regulation

    • Trumpā€™s administration previously had a cautious stance on cryptocurrencies, particularly in relation to their use in illicit activities and potential threats to the U.S. dollar. If he maintains this view, a Trump-led administration might continue or intensify regulatory scrutiny, possibly resulting in more stringent compliance requirements or restrictions on crypto exchanges, stablecoins, and digital assets.

  2. Stablecoin Regulations

    • Stablecoins are often under regulatory examination due to their potential to disrupt traditional financial systems. Trump may view stablecoins with skepticism and push for regulatory clarity. This could mean requirements for stablecoins to hold reserves, provide transparency, or even be subject to federal oversight.

  3. Potential for Cryptocurrency Tax Reforms

    • Trump has a history of tax reform advocacy. A second term might introduce tax adjustments affecting crypto gains, either favorably or unfavorably, depending on his administrationā€™s priorities. He may favor incentives for blockchain development while tightening rules around crypto tax reporting.

  4. Influence on the Federal Reserve and Central Bank Digital Currency (CBDC)

    • The U.S. is researching the idea of a Central Bank Digital Currency (CBDC). Trumpā€™s position on a CBDC is uncertain, but he has expressed a strong preference for the U.S. dollar. His administration could either delay CBDC development or promote a version aligned closely with traditional banking systems, impacting how crypto coexists with any future digital dollar.

  5. Encouraging Blockchain Innovation but Limiting Decentralized Finance (DeFi)

    • Trumpā€™s administration could encourage blockchain innovation to enhance the U.S.'s technological edge, though it may focus on enterprise blockchain rather than DeFi. He may support blockchain for logistics, security, and transparency while restricting decentralized financial applications if viewed as disruptive or unregulated.

  6. Global Impact and Foreign Policy on Crypto**

    • Trumpā€™s foreign policy could affect global crypto markets, especially if his stance impacts U.S.-China trade relations or sanctions. Stricter trade policies or sanctions could lead to increased crypto usage in some countries but might also lead to tighter controls to avoid sanctions through cryptocurrencies.

Overall, Trumpā€™s impact on crypto as a U.S. president would likely involve a balancing act: encouraging technological growth in ways that align with his administrationā€™s priorities while ensuring crypto does not undermine the dollar or national security. However, the direction remains speculative and would depend on how his administrationā€™s overall economic and regulatory policies unfold.

4 Likes
37

Yes for sure.

He is a pro-bitcoin president and with the trend of things Crypto mass adoption will be inculcated if he wins as the next American president

2 Likes
38

With Trump on presidential seat, it will help propel crypto to greater height.

2 Likes
39

Yes.!!

Donald Trump winning the next presidential election is a very bullish trend for Bitcoin.

$100k is possible.

He is a pro-bitcoin president and will ensure mass adoption in his tenure

2 Likes
40

I believe in Trump heā€™s a good one when it comes to crypto currency at large, heā€™s got a positive vibe when it comes to Bitcoins

1 Like
41

Obviously, he is good.
Karis hasnā€™t even shown interest in this space though it doesnā€™t mean sheā€™s not there though.
However, the one we know is Trump and heā€™s good!

2 Likes
42

You are right mate, that is just the fact

1 Like