A Kamala Presidency Could Be Just as Bullish for Bitcoin
Yes, I know, you’re here to let the hate flow.
You’ve bought all the rhetoric. Donald Trump likes crypto. He is embracing DeFi. He has his own shoes, and coins. He’s going to fire Gary! Like Polymarket in October, you think Trump is boo-llish.
Unfortunately, you’ve bought a lot of another kind of bull.
To unpack this, we have to understand what the Crypto 4 Trump initiative really is – and that’s an alliance of largely public U.S.-based mining firms and exchanges that have come together to spend aggressively to end their mistreatment.
They are tired of being sued and harassed, and otherwise chased out of America. As well, they have every reason to be.
But alas, the industry Bitcoin is not. This was the same argument made to justify the Fork Wars, and let’s just say for summation, that this ended terribly. If U.S. miners are forced elsewhere, mining will continue elsewhere, and decentralizing the hashrate, as we saw in the case of China’s mining ban, is quite simply: Good For Bitcoin™.
Sure, ASIC manufacturing may remain consolidated in a few international firms. Maybe it will take even longer to rebuild. But other countries will take advantage, and the Bitcoin network will carry on. Bitcoin may be our best opportunity to topple all of the current superpowers, and to empower the developing world. If that means leaving the U.S. behind, so be it.
Now let’s address the donkey in the room. A Kamala presidency will mean more enforcement of U.S. securities laws, not a referendum that allows millions of alts to proliferate.
A Trump victory almost certainly ensures only one outcome for our industry, and that is that the SEC gets defanged, and that means “coins beyond Bitcoin” will get a “level playing field.”
By contrast, continued enforcement of the SEC’s securities laws on the industry will rightfully make clear the difference between Bitcoin, which was distributed via proof-of-work (the only known way to circumvent securities sales), and all of the many centralized variants.
Simply put: It’s “crypto assets” that require a regulatory framework to survive, not Bitcoin, which is sufficiently decentralized.
Forcing the crypto industry’s builders to abide by these laws will doubtless benefit developers seeking to extend these capabilities to Bitcoin, the only major crypto with regulatory clarity. Are we actually going to argue that encouraging millions of developers to put their technology on Bitcoin (as opposed to Ethereum or Solana) would be a bad thing?
If there is a coherent thread to Bitcoin maximalism, it’s the assertion that everything outside of Bitcoin is either 1) a scam or 2) can be built on top of its blockchain. A continued crackdown on crypto will push the market to more thoroughly investigate the second point.
Undoubtedly, it would also boost Microstrategy’s stock, MSTR, as it would remain one of the few widely accessible plays to get legitimate beta on Bitcoin.
Sure, maybe the taxes from your Bitcoin gains will be higher, maybe spending will continue to be penalized. But anon, I thought you were HODLing anyway?
So, remind me, of all the supposed pro-Bitcoin policies of a Trump presidency, what is it that you expect to get, other than state-sanctioned degeneracy and block propagation in the heartland?
If you’re a single issue Bitcoin voter, shouldn’t that mean voting for an option that makes Bitcoin more decentralized, and less reliant on U.S. government policy?
Allow me to reintroduce you to Madame President Harris, a bullish choice for Bitcoin.
This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
#Kamala #Presidency #Bullish #Bitcoin
News plays a pivotal role in our lives by keeping us informed and connected to the world. It serves as a critical source of information, offering updates on current events, politics, economics, science, and more. Through news, we gain awareness of global issues and local developments, helping us make informed decisions in our personal and professional lives. News also fosters discussion and debate, encouraging critical thinking and perspective-taking. Moreover, it promotes transparency and accountability among governments, businesses, and other institutions. In a rapidly changing world, staying updated with the news enables us to adapt to new challenges and opportunities, shaping our understanding of the complexities of society. Ultimately, news is not just about information; it empowers us to participate actively in the world around us, contributing to a more informed, engaged, and responsible global citizenry.
Health is fundamental to our well-being and quality of life, making it an essential aspect of daily existence. It encompasses physical, mental, and emotional aspects, influencing our ability to function effectively and enjoy life fully. Prioritizing health allows individuals to maintain optimal physical fitness, reducing the risk of diseases and promoting longevity. Mental health, equally crucial, affects our cognitive abilities, emotional stability, and overall happiness. Investing in preventive healthcare through exercise, balanced nutrition, and regular medical check-ups helps in early detection of potential health issues, ensuring timely intervention and treatment. Beyond individual benefits, a population’s health impacts societal productivity and economic stability. Governments and organizations worldwide emphasize public health initiatives to address pandemics, health disparities, and promote overall well-being. Ultimately, health serves as the foundation upon which we build our lives, influencing our ability to pursue goals, nurture relationships, and contribute meaningfully to society.
Money plays a crucial role in our lives as a means of financial security and freedom. It enables us to meet basic needs such as food, shelter, and healthcare, while also providing opportunities for education, travel, and personal growth. Beyond material comforts, money facilitates social connections and experiences that enrich our lives. It empowers individuals to invest in their futures, whether through savings, investments, or entrepreneurial ventures, thereby fostering economic stability and growth. However, the pursuit of wealth should also be balanced with ethical considerations, as money can influence relationships and societal dynamics. Responsible management of finances is key to achieving long-term goals and mitigating financial stress. Ultimately, while money is a tool for achieving aspirations and fulfilling desires, its true value lies in how it is utilized to improve both personal well-being and the broader community.
Earning Easy Money in 2024: Opportunities and Considerations 💸
In 2024, the landscape of earning easy money presents diverse opportunities, albeit with considerations. The digital age offers platforms for freelancing, online trading, and e-commerce, allowing individuals to leverage skills and creativity for financial gain. Cryptocurrency investments continue to allure with potential for quick profits, yet they entail high volatility and risk. Moreover, the rise of the gig economy enables flexible work arrangements through apps and websites, offering quick payouts but often without job security or benefits. Passive income streams such as rental properties and investments in stocks or bonds remain viable, but demand initial capital and ongoing management. Amid these options, caution is essential to avoid scams and unsustainable ventures promising overnight success. Ultimately, while the allure of easy money persists, informed decisions, diligence, and a long-term perspective are crucial for sustainable financial growth and security in the dynamic year ahead.
