I'm not spreading Fuds, I'm just telling the truth. Fortunately, Trump won in the capital of the world and that's already a guarantee that things will go in another direction. I don't like to assume or make assumptions in the case that Kamala Harris had won, but it would have been a disaster for the market.
Do you think Biden and the Democrats are a disaster for bitcoin? If they were also disastrous for bitcoin, why were bitcoin ETFs approved, and then bitcoin skyrocketed to $73k in March of this year? I agree with you that if Harris wins, it will be pretty bad for the market but not a disaster. There may be disappointment and the market will dump but that is only short term, it cannot last forever.
For many years it has been known that no government except El Salvador had liked BTC, as Bukele said. He did impose authority and that his government is valid, something that didn't sit well with the other governments in the world, or am I wrong ? If you go to Spain and declare BTC, Hacienda will strip you if it can and leave you on the street, then don't they contribute to not doing things right? I want to see the impact of these countries that ban bitcoin, they will still adapt because it will be their turn, not because they want to.
You have to understand that, in the position of government, they are responsible for protecting the country, protecting the economy, the lives and safety of the people...they have thousands of things to worry about. So it is understandable why they are not in a rush to adopt something new, they need time to evaluate before taking a final stance on them. That is why after 15 years, many governments are becoming more friendly to bitcoin. Everything takes time, especially when it affects the entire country and not just 1 or 2 individuals.
Luckily, bitcoin has been successful and brought us many benefits, but if it harmed many people, I bet you would be glad when the government decided to block bitcoin soon. Instead of imposing your thoughts on others, put yourself in their shoes to know what they think.
Do you know why El Salvador loves bitcoin and is quick to legalize it? They are a country without their own currency, on the verge of bankruptcy and accepting bitcoin is considered the last resort they can try.
There are things that are inevitable and that is why no government will be able to have control of bitcoin, tell the truth or is wrong, that the price has gone up is because it is known that it will never depend on a government, what went up right now was because Trump's support for bitcoin was very obvious, what happened in El Salvador does not escape the natural reality of everything, the world has no real currency, do you believe in the dollar? Do you believe in the euro? I congratulate you, I don't, I believe more in bitcoin, for me an economy that will always present errors like inflation will never be trustworthy, with Bitcoin that does not happen, with the USA if it implements bitcoin as currency as El Salvador did, what are they going to say? that economic policies are bad?
