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The other week, I made my opinion clear that I believe Donald Trump is the best candidate for Bitcoin in the upcoming 2024 presidential election. Aaron responded, and after reading it, I have a feeling he still hasn’t seen it. Aaron’s main points seem to be that Trump is using Bitcoiners for their votes, and that he will not follow through on his promises.
While I partially agree with the former point, I disagree with the latter. Contrary to what I’ve seen some Bitcoiners on the internet say, I don’t think Trump has to be a hardcore Bitcoin maximalist and cypherpunk to be the ultimate Bitcoin president. Here is the reason.
Trump needs all the votes he can get. He will certainly try to woo our voters, especially when most of us already have fairly biased political views. It makes sense for the Republican party to take the liberty money, if it leans heavily on liberal principles now, while the Democrats have become more powerful.
Voting for Trump is a win. You get more votes (some are in sensitive areas), and we get a better place for our industry. Sounds like a good trade to me.
And that leads me to where I disagree with Aaron. I believe that Trump will keep most, if not all of his promises when it comes to Bitcoin. Because, most of the promises he made seem to be easy things to fulfill. It’s not like you’re alone on the issue – there are now many pro-Bitcoin senators and congresspeople to respond to.
There is Senator Cynthis Lummis, who wants to create a strategic Bitcoin reserve (using BTC already owned by the government). There’s Congressman Tom Emmer, who already wants to fire SEC Chairman Gary Gensler and appoint someone better in the industry. You can go to StandWithCrypto.com to see what’s left.
If elected, Trump will have other, more important issues on his plate to deal with. The fact that his policies will give Bitcoiners a friendly regulatory environment to build, stopping anti-Bitcoin politicians from continuing to attack the industry, all without Trump interfering with it, sounds like a perfect storm of innovation.
The fact that he has done things like bringing Bitcoin miners to Mar-a-Lago to better understand the industry is proof enough to make this point clear.
I think many are overly critical of Trump because he said he was not a fan of Bitcoin in 2019. But that was a long time ago, and everything has changed since then. It makes no sense to hate people for coming to Bitcoin after not being a fan of it. (By the way, I think it’s okay to criticize the non-Bitcoin programs proposed by Trump, like World Liberty Financial, but even that is not okay to lose all the benefits of his presidency.)
So, why would Trump release Ross now when he already has the chance to last longer?
In politics, as in Bitcoin, it’s all about incentives, and the incentives here are mutual.
This article is a Take it. The views expressed are entirely those of the author and do not reflect those of BTC Inc or Bitcoin Magazine.
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