Donald Trump Election win, a steps further for crypto growth?

[MrSpasybo]

well we would hope so because us being crypto friendly would mean a lot for the whole world

if trump doesn't follow through his promises he would disappoint a lot of people especially crypto enthusiasts who only voted for him solely because of his promises for crypto not mentioning the price increase we had reaching a new ath definitely indicating trust and confidence in trump

there is nothing we can be sure of mate he can only prove himself in these next four years or so

We can't be sure of anything, we can only choose to trust the person we choose, and that is Trump! We have seen what the Biden administration has done to crypto, namely the series of lawsuits from the SEC that have angered the crypto community. We have a chance to change this situation permanently during Trump term.

Of course, Trump work is not only related to crypto, he has many other plans in his mission for the US. I just need him to maintain his support for BTC and crypto, continue to want BTC to be in the national reserve and continue to speak out to promote the emergence of a legal framework for crypto ^^

[Lucius]

For me, Trump is actually a better choice for the future of the crypto market in the US and globally. Trump has NFTs and has used BTC in payments, which Harris has never done, which means Trump words about plans to accept BTC and crypto are more credible. I hope that Trump will do what he promised during the campaign.
~snip~

You mean the so-called attempt to pay with BTC when two men tried to explain to him how to hold a smartphone in his hands and scan a QR code? If we tell the truth, Trump has never paid anything with BTC, nor will he ever do so, because he is not intelligent enough for such a thing. I think Trump supporters will wait a long time for him to mention BTC, and when he does, they might be unpleasantly surprised.

lets wait til a video of him firing Gensler be viral on the social media. lets see whether the price of cryptocurrencies are going to the roof.  because this will reconfirm our speculation.
~snip~

Gary has a mandate until 2026 and cannot be fired by the president - this has been written many times on this forum. Besides, why do people think GG is so bad about Bitcoin - maybe because he finally gave the green light to spot ETFs or he is fighting against all those scammers who "print" shitcoins and sell them to naive people who lose millions of $ every month?

[Bobcrypto]

During the previous days the price did not change by more than 15% (up or down) and therefore it is not affected by political variables, otherwise the price would have been above $80,000. Political news controls the mood of retail traders who can move the price by about 10%, but the huge liquidity did not move or interact with political news.

Friend, the price of crypto does not only move by political news, there are other factors that determine prices increase. The market demands for Bitcoin and some altcoins show some great moves during the elections results updates. As a trader, I was following the update and also engage on buying and selling at some intervals with good profit.
Again, demand is another good factor that increase the prices of coins during or after elections. Based on Donald Trump promises, there was a higher demands during the elections with much anticipation that Donald Trump will win. Honestly, as a trading, the market reacted during the elections results updates and I was able to capitalize on the market conditions to earn good profit.

Now, the president elect, Donald Trump is a pro crypto president and commands huge influence globally. Based on his promise during his election campaigns, the crypto community are expecting Donald Trump to fulfill his promises.

[ABCbits]

You created this thread on "News related to Crypto" section, but where's the news or link to the news? In addition, what do you mean by growth? Higher Bitcoin price? Better law? Something else?

[Jating]

Today, because of Elton Musk, meme coins has become a big investments options for many people.

Elton Musk 

No but really, this is a damning indictment on people's financial education. They have chosen to invest in coins for which there is only a 1% chance to make x1000%, while there is 99% for them to lose everything on it. And it's not like they can use the excuse "it's not taught at schools" here either, since memecoins are something you find out about on financial or crypto youtube channels, and certainly there is investment advice shared on those platforms.

I haven't heard about it though, the news about Elon Musk? We all know that he supports Trump in this election, but as far as meme coins goes, hmm, I'm still on the fence about it. And for sure, majority of us who have been in crypto for the last 5-7 years have learned our lesson on this so called meme coins.

It's a big risk as far as we known, if you really need to be very lucky plus invest huge amount in the beginning to really be a a crypto millionaire. However, we think about the risk involved, and as far as our experience goes, it's not worth to invest on them with thousands of dollars and then expect a huge windfall.

[Aanuoluwatofunmi]

We are already seeing the implication of the election victory on Trump, whereby many of the cryptocurrencies were going up and well performing, we are looking forward to more opportunities after these, maybe there will be more increasing numbers of countries to adopt bitcoin as a legal tender or even US making a new turn over its takes on the usefulness of bitcoin to the peoples financial economy.

[Baofeng]

We are already seeing the implication of the election victory on Trump, whereby many of the cryptocurrencies were going up and well performing, we are looking forward to more opportunities after these, maybe there will be more increasing numbers of countries to adopt bitcoin as a legal tender or even US making a new turn over its takes on the usefulness of bitcoin to the peoples financial economy.

Assuming Trump made true of his promises on Bitcoin, then maybe some countries are going to follow his lead and adopt it as national reserves or accept Bitcoin and the rest of the crypto.

It's going to be huge if there will be other countries besides El Salvador who are going to make Bitcoin legal tender. And if that happens, we might be closer to the adoption that we wanted. Although I'm not seeing that Bitcoin will replace any fiat system, but still it's good if we have Bitcoin as a backup.

[Z-tight]

Today, because of Elton Musk, meme coins has become a big investments options for many people.

Yeah, people invest in meme coins, but they are pump and dump coins, and people who made the most returns from them are those that are ready to buy it when it is pumping and sell it before it dumps.

maybe there will be more increasing numbers of countries to adopt bitcoin as a legal tender or even US making a new turn over its takes on the usefulness of bitcoin to the peoples financial economy.

I don't think this is going to happen, the U.S. cannot make BTC a legal tender and it is not something that many countries want to do. However, if the U.S. buys BTC to use as a strategic reserve, i think more countries will do that too.

[KingsDen]

It's going to be huge if there will be other countries besides El Salvador who are going to make Bitcoin legal tender. And if that happens, we might be closer to the adoption that we wanted. Although I'm not seeing that Bitcoin will replace any fiat system, but still it's good if we have Bitcoin as a backup.

It will really be great to see other countries make Bitcoin a legal tender, making bitcoin a perfect alternative currency to fiat. Anything can happen with bitcoin,  bittcoin is just too full of surprises, it's journey has consistently defied expectations. We can't really tell what the future holds for us with bitcoin, this just shows how unpredictable and groundbreaking bitcoin's evolution can be.

[Gurujebs]

I don't think this is going to happen, the U.S. cannot make BTC a legal tender and it is not something that many countries want to do. However, if the U.S. buys BTC to use as a strategic reserve, i think more countries will do that too.

If the US finally agreed to buy Bitcoin as strategic reserve, there are many things that maximalist don't welcome before will appear again. I'm not sure if they are ready for that right now but regulations and scrutiny will come hard on everyone, taxation will be more transparent than ever because the US wouldn't want to associate with something where some bad wagons will want to hide.

There will be right regulations and compliance from people holding more number of Bitcoin, transparency in tax, ban privacy if possible because that's the only thing that prevent the government from seeing things they want to see badly, they say mixing is good but they fight mixers like crazy. It's going to be a long ride.

[Z-tight]

There will be right regulations and compliance from people holding more number of Bitcoin, transparency in tax, ban privacy if possible because that's the only thing that prevent the government from seeing things they want to see badly, they say mixing is good but they fight mixers like crazy. It's going to be a long ride.

I am having a hard time understanding what you mean exactly, how is a strategic reserve going to lead to all of this. It is obvious that the government does not like privacy and they have never said that mixers are good, they have just not banned them yet, but they attack, shut them down and charge their developers for money laundering and terrorism financing.

[Agbe]

, and now, do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?

Yes a strongly believe that with the the coming of trump to power there will be more information and awareness about crypto currency in the coming years because of the promise's that he made to crypto followers so these coming years are going to be a deciding factor in the crypto community because already allot of people are already excited about the win of trump in the polls

[Aanuoluwatofunmi]

We hope that the US election victory on Trump will be a reason for more positive acceptance of bitcoin starting from their region then down across to other countries for bitcoin adoption, if we can achieve having the bitcoin all time high after the election, then any other thing as well could be made possible if we work towards them for the benefit of all in the crypto circles.

[JoyMarsha]

.. do you think Donald success in the election will increase adoptions, awareness, and growth now and the next four years?

If Trump follows through on the promises he made regarding Bitcoin, I wouldn't be surprised to see some countries begin to adopt Bitcoin. The influence Trump has had on Bitcoin's price just one month after the US election has been huge. I can only imagine the impact if he fulfills some of his Bitcoin-related promises before the end of his four-year term. This could increasingly encourage the adoption and growth of Bitcoin worldwide.

[Charles-Tim]

If Trump follows through on the promises he made regarding Bitcoin, I wouldn't be surprised to see some countries begin to adopt Bitcoin. The influence Trump has had on Bitcoin's price just one month after the US election has been huge.

If Trump made bitcoin a strategic reserve or not, the adoption will continue. It may be hasten by Trump but if Trump do nothing, I believe a time is coming that countries will make bitcoin a reserve. Bitcoin is a good asset that is worth something like that. Also that it is not something physical and can easily be purchased. Bitcoin does not rely on anyone. Someone can make it fast but without the person, bitcoin remain an appreciative asset