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Author Topic: Crypto becomes US election issue for the first time  (Read 987 times)

Offline _act_

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Crypto becomes US election issue for the first time
« on: September 10, 2024, 08:24:30 PM »
This is according to Gemini findings

Up to 73% of US respondents who currently own cryptocurrency said that a candidate’s position on crypto would influence their vote in the presidential election.

Additionally, another 37% of respondents indicated that a presidential candidate’s position on crypto would have a “significant impact” on their vote.

You can read the full news: https://cointelegraph.com/news/crypto-us-election-issue-first-time-history-gemini

This indirectly shows how bitcoin has really gotten relevant in the world and not only in United States.

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Crypto becomes US election issue for the first time
« on: September 10, 2024, 08:24:30 PM »

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Re: Crypto becomes US election issue for the first time
« Reply #1 on: September 10, 2024, 08:43:33 PM »

if harris and trump are going to debate about crypto today, maybe it will really be an election issue and crypto community may be able to make the big difference to the counts.  now that everybody is watching the currency devaluation in the country, the people are well aware of whats coming when they see the prices of products skyrocket.

but both of them seem to have a say about Bitcoin already as harris already express support. we all know both are just saying all these but i think people see trump the better candidate since he is the first to have done so. he even have NFTs.

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Re: Crypto becomes US election issue for the first time
« Reply #1 on: September 10, 2024, 08:43:33 PM »

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Offline Zed0X

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Re: Crypto becomes US election issue for the first time
« Reply #2 on: September 10, 2024, 11:15:52 PM »
If I was an active crypto investor/trader in the US, I would put that factor in choosing who I vote for as well. It doesn't matter if I was a red or a blue because it's every man for himself at the end of the day. Funny thing is that when it comes to the crypto voting bloc, Gensler is probably Trump's best campaign manager ;D

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Re: Crypto becomes US election issue for the first time
« Reply #3 on: September 10, 2024, 11:29:28 PM »
This is according to Gemini findings

Up to 73% of US respondents who currently own cryptocurrency said that a candidate’s position on crypto would influence their vote in the presidential election.

Additionally, another 37% of respondents indicated that a presidential candidate’s position on crypto would have a “significant impact” on their vote.

You can read the full news: https://cointelegraph.com/news/crypto-us-election-issue-first-time-history-gemini

This indirectly shows how bitcoin has really gotten relevant in the world and not only in United States.

Now they are getting to realize the importance of cryptocurrency starting from the way they see the community could influence their life and career if they receives support from crypto, but the question remains unanswered to here, that will they have a U-turn over their mentality on cryptocurrency if they achieve their goal and get in the office, because what i noticed was that the both sides now are using the same crypto in their campaign.

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Re: Crypto becomes US election issue for the first time
« Reply #4 on: September 10, 2024, 11:49:11 PM »
Because they understand very well that many Americans are already crypto asset holders, who work related to the crypto world and they know how they can make crypto enthusiasts and holders on their side. With this debate, it can attract the attention of crypto enthusiasts there, which of course is not a small number.

Moreover, previously, crypto has also been brought up in the previous presidential election, it's just that it has not entered the realm of one of the debate materials.

So this will be interesting. Whoever has the knowledge and also a point of view that is in accordance with the expectations of crypto holders or enthusiasts and can provide much better and easier possibilities, then they are the ones who are likely to attract more sympathizers. This is the moment and they must be able to take advantage of the moment to get more opportunities and more votes.
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Re: Crypto becomes US election issue for the first time
« Reply #5 on: September 11, 2024, 04:36:06 AM »
...when it comes to the crypto voting bloc, Gensler is probably Trump's best campaign manager ;D

And it is because Kamala Harris is part and parcel of the Biden administration being his right hand as the Vice President...and it is in this administration that we are see a strong antagonism to the industry instead of it guiding and regulating it. Gary Gensler is considered as an "enemy of the cryptocurrency industry even if he eventually approved ETFs after the strong and powerful pressures from many sides. Now that cryptocurrency is taking on stage as one of the issues being talked by both sides of the political sphere, some voters are taking stand and they might favor a candidate who is considered more friendly to cryptocurrency.

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Re: Crypto becomes US election issue for the first time
« Reply #6 on: September 11, 2024, 10:37:38 AM »
This is according to Gemini findings

Up to 73% of US respondents who currently own cryptocurrency said that a candidate’s position on crypto would influence their vote in the presidential election.

Additionally, another 37% of respondents indicated that a presidential candidate’s position on crypto would have a “significant impact” on their vote.

You can read the full news: https://cointelegraph.com/news/crypto-us-election-issue-first-time-history-gemini

This indirectly shows how bitcoin has really gotten relevant in the world and not only in United States.

Now they are getting to realize the importance of cryptocurrency starting from the way they see the community could influence their life and career if they receives support from crypto, but the question remains unanswered to here, that will they have a U-turn over their mentality on cryptocurrency if they achieve their goal and get in the office, because what i noticed was that the both sides now are using the same crypto in their campaign.

Yep, that becomes just the game to get the voters, really ;D
And it's scary, to the point which was addressed in Vitalik Buterin's article: "Against choosing your political allegiances based on who is "pro-crypto"  ", quote.

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Re: Crypto becomes US election issue for the first time
« Reply #6 on: September 11, 2024, 10:37:38 AM »


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Re: Crypto becomes US election issue for the first time
« Reply #7 on: September 11, 2024, 10:49:32 AM »
Compared to the impact of Bitcoin 10 years ago and today, there is a big difference and not many people were interested in Bitcoin, let alone the laws and regulations associated with it. But the market capacity is still very low and 1-3 trillion will not change the financial policies in economies exceeding 300 trillion.
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Re: Crypto becomes US election issue for the first time
« Reply #8 on: September 11, 2024, 10:55:51 AM »
Compared to the impact of Bitcoin 10 years ago and today, there is a big difference and not many people were interested in Bitcoin, let alone the laws and regulations associated with it. But the market capacity is still very low and 1-3 trillion will not change the financial policies in economies exceeding 300 trillion.

Now BTC is a thing to reckon with.
And everybody loves to have their share of the pie ;D

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Re: Crypto becomes US election issue for the first time
« Reply #9 on: September 11, 2024, 02:46:16 PM »
This is according to Gemini findings

Up to 73% of US respondents who currently own cryptocurrency said that a candidate’s position on crypto would influence their vote in the presidential election.

Additionally, another 37% of respondents indicated that a presidential candidate’s position on crypto would have a “significant impact” on their vote.

You can read the full news: https://cointelegraph.com/news/crypto-us-election-issue-first-time-history-gemini

This indirectly shows how bitcoin has really gotten relevant in the world and not only in United States.
But the data only covers US citizens, and the respondents are also from the USA, so how is it relevant to the whole world and not just the United States? BTC has gotten involved in a lot of things in the USA, but it’s not the main topic of discussion. Everyone in the States is talking about meme coins too, but that’s just a trend. When trends shift, people move on to the next one, adapting as they go.

If I had to choose a candidate, I wouldn’t base my choice on their stance on crypto. Donald is focusing on helping Israel against Palestine, and he’s trying to win support by backing them with more military aid. On the other hand, Kamala, according to her own words, wouldn’t take the same approach. For me, considering the value I place on innocent lives, I’d choose Kamala over Donald.
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Re: Crypto becomes US election issue for the first time
« Reply #10 on: September 11, 2024, 04:04:53 PM »
Compared to the impact of Bitcoin 10 years ago and today, there is a big difference and not many people were interested in Bitcoin, let alone the laws and regulations associated with it. But the market capacity is still very low and 1-3 trillion will not change the financial policies in economies exceeding 300 trillion.
Well, 300 trillion market cap, or even much more than this for bitcoin or maybe the entire crypto currency market is not a matter of "if" but "when", this surely will happen and by then, bitcoin have become a household name and asset in and for every family in most countries of the world.

But then, the truth is that It won't be easy to achieve as I personally expect to see even more ban from some countries, there will be challenges quite alright, and some of this challenges will pull bitcoin market back in a way many may begin to think that it's finally over for the cryptocurrency, but believe me, all of that will turn out to be the stepping stone to bitcoin's next milestone which is achieving a marketcap of 5 to 10 trillion dollars.
Let hope Trump wins the US presidential election and let's see what he has to bring to the table for the cryptocurrency industry, but even if he end up winning and turn out he's an enemy of the market that disguised himself, it still won't stop this innovation from becoming one of the world's greatest.
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Re: Crypto becomes US election issue for the first time
« Reply #11 on: September 11, 2024, 05:40:51 PM »
Because they understand very well that many Americans are already crypto asset holders, who work related to the crypto world and they know how they can make crypto enthusiasts and holders on their side. With this debate, it can attract the attention of crypto enthusiasts there, which of course is not a small number.

Moreover, previously, crypto has also been brought up in the previous presidential election, it's just that it has not entered the realm of one of the debate materials.

So this will be interesting. Whoever has the knowledge and also a point of view that is in accordance with the expectations of crypto holders or enthusiasts and can provide much better and easier possibilities, then they are the ones who are likely to attract more sympathizers. This is the moment and they must be able to take advantage of the moment to get more opportunities and more votes.

all back to their campaign goals, if they are just to attract supporters and forget that they ever supported crypto after achieving their goals,
but hopefully trump is really pro crypto not a lie, because even though I am not a US citizen but I hope crypto is supported by the number 1 person in the US

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Re: Crypto becomes US election issue for the first time
« Reply #12 on: September 12, 2024, 08:12:22 AM »

Its not the most imoortant issue in their election. The country has more imoortant issues to solve like the wars they support and the immigration that already affected lives of the people and then uneployment problem while AI is taken over.

Crypto could be a solution but when recession comes, its still the suply chain and food is the next best thing to solve.

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Re: Crypto becomes US election issue for the first time
« Reply #13 on: September 12, 2024, 11:50:35 AM »

Its not the most imoortant issue in their election. The country has more imoortant issues to solve like the wars they support and the immigration that already affected lives of the people and then uneployment problem while AI is taken over.

Crypto could be a solution but when recession comes, its still the suply chain and food is the next best thing to solve.
Indeed there are huge challenges that are facing the governments at the moment such as conflict, immigration, and unemployment. That is why it is critical in this context to pay attention to functionalist approaches, of which stabilisation of supply chains and food security belong to. Of course, with proper approach, crypto can open up new opportunities and efficient solutions; however, the primary goal is to address the issues that impact people and their everyday lives to provide food, clothing, and shelter as the global economy goes through a turbulence.

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Re: Crypto becomes US election issue for the first time
« Reply #14 on: September 12, 2024, 11:57:45 AM »

Its not the most imoortant issue in their election. The country has more imoortant issues to solve like the wars they support and the immigration that already affected lives of the people and then uneployment problem while AI is taken over.

Crypto could be a solution but when recession comes, its still the suply chain and food is the next best thing to solve.

I agree. Crypto for now shouldn't be a matter of which people decide on who to pick A or B, in my opinion.
There are lots of matters that should be taken into account first.

 

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