Now that ⌷⌷⌷⌷⌷⌷⌷⌷⌷ has won the election, after trucks full of boxes of ballets was found/captured at 3 am outside poll counting places, we are going to see a move into bitcoin like we have never seen before.
We haven't seen $100k bitcoin yet, so…
And i doubt we will know who is the next president in the morning. The morning will just be the start of a long legal battle to destroy American's trust in elections.
But, this blog isn't about the election, this is about bitcoin.
Will bitcoin win the election?
No, not that, will bitcoin become money?
That is what we want to know.
Depending on who wins…
If Trump wins, then bitcoin will probably be unregulated, and allowed to continue its growth to #1 asset of the world.
If Harris wins, then bitcoin will probably be regulated heavily, and then we will see, bitcoin doesn't care, and it will continue its growth to the #1 asset of the world.
If Trump wins, the banks will be collapsed so that Trump will be blamed for it.
If Harris wins, they will try to keep the banks from collapsing, but they will, because they are all broke.
If Trump wins, the COMEX is going to be given a serious run for the money by Russia and friends as they make a new futures market.
If Harris wins, the COMEX is going down when Russia and friends show rotten the COMEX is, and make a new futures market.
Or, basically, it doesn't matter who wins, things are going to look bad, and people will run for the exits, and those are a tiny group; gold, silver, bitcoin.
Bitcoin gets more adoption
Bitcoin will get more adoption when bitcoin gets more adoption.
However, it may do better as people find out how good bitcoin is people rush for the exits. Any exit.
If there is no arguments over who won the presidential election, it will probably be the worst for bitcoin, but the dumbocrap party has not failed to fall below my expectations.
I bet they will argue that those boxes of ballots that were only a vote for ⌷⌷⌷⌷⌷⌷⌷⌷⌷ should have been allowed to get to the vote counting site without the hindrance of police asking where did they get all these ballots.
Whatever happens, people are going to be looking for an out from the system.
If peaceful, but mostly fiery riots break out, it will only fan the flames of those running for the door.
But… $100k bitcoin
The biggest thing that will move bitcoin's price is bitcoin going to six digits.
So, no matter who wins the election, bitcoin got to $100k is the thing that will make bitcoin's price go higher.
Hate to say it Horrible Harris, you will suck at keeping bitcoin's price down.
Too bad Mr. Chump, your words of support will pale in comparison to six digit bitcoin.
But, this is the way markets have always been. If price is going up, more people buy.
Bank collapses
If Trump actually ends the income tax. Meaning, ending the Infernal Revolting Syndicate, which may mean the Fed, its partner in crime, is also on the chopping block.
But, they will not go down without a fight. A losing fight where there is nothing they can do, but declare bankruptcy, because they are bankrupt.
More bank closures (and possibly being bought up by bigger banks) will make everyone fearful about their money, and they will look for a better place to put it.
And so, they will put their money into… wait, the vast majority of Americans do not even have $500 for an emergency.
However, the real thing will be what / how can you pay for goods from overseas suppliers. And one mostly-trusted way is to send bitcoin. And, when this happens, and it is happening, the use cases for bitcoin will make bitcoin more popular.
People using bitcoin to buy things is what makes bitcoin money.
And, probably neither presidential candidate will make or break bitcoin. Nor speed up or slow down bitcoin's adoption.
Half of me hopes that this will be a smooth transition. The other half of me wants the crash to happen now and for it to be over and rebuilding to begin.
People are expecting $250k-$300k bitcoin this bull run.
But, if things get as bad as our two party system can make things in The US, we may see $1 million bitcoin this bull run.
And i don't think Kamala will hurt bitcoin or Trump will help bitcoin much. It will be all the things that happen, that would have happened anyway, during this next year, and maybe the next four years that makes bitcoin skryocket.
And, of course, it will be people buying things with bitcoin that makes it money.