{"id":85582,"date":"2024-10-07T23:35:34","date_gmt":"2024-10-07T23:35:34","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2024\/10\/07\/a-trump-presidency-is-the-best-outcome-for-bitcoin-nikolaus\/"},"modified":"2024-10-07T23:35:34","modified_gmt":"2024-10-07T23:35:34","slug":"a-trump-presidency-is-the-best-outcome-for-bitcoin-nikolaus","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2024\/10\/07\/a-trump-presidency-is-the-best-outcome-for-bitcoin-nikolaus\/","title":{"rendered":"A Trump Presidency Is The Best Outcome For Bitcoin: NIKOLAUS"},"content":{"rendered":"


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Follow Nikolaus On X Here<\/a><\/p>\n<\/figcaption><\/figure>\n

The other week, I made my opinion clear<\/a> that I believe Donald Trump is the best candidate for Bitcoin in the upcoming 2024 presidential election. Aaron responded<\/a>, and after reading it, I feel he\u2019s still missing the bigger picture. Aaron\u2019s main points seem to be that Trump is just using Bitcoiners for their votes, and that he won\u2019t follow through on his promises. <\/p>\n

While I partly agree with the former point, I disagree with the latter. Contrary to what I\u2019ve seen some Bitcoiners online say, I do not think Trump has to be a hardcore Bitcoin maximalist and cypherpunk to be a great Bitcoin president. Here\u2019s why.<\/p>\n

Trump needs all the votes he can get. Of course he is going to try and appeal to our voters, especially when most of us already have right-leaning political views. It makes sense for the Republican party to adopt freedom money, given they lean more towards the principles of freedom now, while the Democrats have become more authoritarian. <\/p>\n

Voting for Trump, then, is a win-win. He gets more votes (some in critical swing states), and we get a better environment for our industry. Sounds like a good trade to me.<\/p>\n

And that leads me into what I disagree with Aaron on. I believe that Trump will keep most, if not all of his promises he\u2019s made when it\u2019s come to Bitcoin. Because, well, most of the promises he has made seem like relatively easy things to implement. It\u2019s not like he\u2019s alone on the issue \u2013 there are now many pro-Bitcoin senators and congresspeople to hold him accountable. <\/p>\n

There\u2019s Senator Cynthis Lummis, who wants to create a strategic Bitcoin reserve<\/a> (using BTC already owned by the government). There is Congressman Tom Emmer, who already wants to fire<\/a> SEC Chair Gary Gensler and appoint someone better for the industry. You can go to StandWithCrypto.com<\/a> to see the rest.<\/p>\n

If elected, Trump would have loads of other, arguably more important issues on his plate to deal with. The fact that his policies would give Bitcoiners a friendly regulatory environment to build in, stop anti-Bitcoin politicians from continuing to attack this industry, all without Trump meddling in it, sounds like the perfect storm for innovation.<\/p>\n

The fact that he\u2019s done things like bring Bitcoin miners<\/a> to Mar-a-Lago to better understand the industry is enough evidence to make this point.<\/p>\n

I think many are overly critical of Trump because he said he wasn\u2019t a fan of Bitcoin in 2019. But that was ages ago, and everything has changed since then. It doesn\u2019t make sense to hate on people for coming around to Bitcoin after not being a fan of it. (I do, however, think it is ok to be critical of the non-Bitcoin initiatives Trump has promoted, like World Liberty Financial, but even that isn\u2019t worth losing all the benefits of his presidency.)<\/p>\n

So, why would Trump free Ross now when he already had the chance to last term?<\/p>\n

In politics, as in Bitcoin, it\u2019s all about incentives, and the incentives here are aligned.<\/p>\n

This article is a <\/em>Take<\/em><\/a>. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.<\/em><\/p>\n


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