President Trump’s election is the best outcome for Bitcoin: NIKOLAUS

Last week, I made it 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 still felt like I was missing the bigger picture. Aaron’s main point seems to be that Trump is using Bitcoiners to vote and will not deliver on his promises.

I partly agree with the former point of view, but I disagree with the latter. Contrary to what some Bitcoin investors say online, I don’t think Trump needs to be a hardcore Bitcoin maximalist and cypherpunk to be a great Bitcoin president. Here’s why:

Trump needs every vote he can get. Of course he will try to appeal to voters. This is especially true when most of us already hold right-wing political views. Considering that the Republican Party has leaned more toward liberal principles while the Democratic Party has become more authoritarian, it makes sense for the Republican Party to adopt liberal funding.

Then voting for Trump is a win-win. He got more votes (some in significant swing states) and provides a better environment for the industry. Sounds like a good deal to me.

And that brings me to the point where I disagree with Aaron. I believe Trump will keep most, if not all, of his promises regarding Bitcoin. Because most of the promises he made seem relatively easy to carry out. He is not alone on this issue. There are now many Bitcoin senators and congressmen who have held him accountable.

There is Senator Cynthis Lummis who wants to create a strategic Bitcoin reserve (using BTC already owned by the government). We already have Representative Tom Emmer who wants to fire SEC Chairman Gary Gensler and appoint someone better for the industry. You can see the rest by going to StandWithCrypto.com.

If elected, Trump will have many other, arguably more important problems to deal with. The fact that his policies will provide a friendly regulatory environment for Bitcoin users and prevent anti-Bitcoin politicians from continuing to attack this industry without interfering with it sounds like a perfect storm for innovation.

The fact that he has done things like bring Bitcoin miners to Mar-a-Lago to better understand the industry is evidence enough to support this point.

Many people think he is overly critical of Trump since he said in 2019 that he is not a fan of Bitcoin. But that was a long time ago, and things have changed since then. It doesn’t make sense to hate people who start using Bitcoin when you’re not a fan of Bitcoin. (But I think it’s okay to be critical of non-Bitcoin initiatives promoted by Trump, like World Liberty Financial, but even that isn’t worth losing all the benefits of his presidency.)

So why would Trump let Ross go now when he already has his chance at one last term?

In politics, as in Bitcoin, incentives matter, and here they align.

This article take. The opinions expressed are solely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.