Oddbean new post about | logout
 The decision to support #Bitcoin isn't a political one, it's just the right one.

"Fix the money, and you fix the world."

With election day tomorrow, it's important to remember that #Bitcoin doesn't care if you are Republican or Democrat.

All the Bitcoin network cares about is instilling the next block in cyberspace's time-chain roughly every 10 minutes. 

There is no BTC marketing team, no CEO, and no hidden agenda. 

Tick-tock next block.

In the short-term, depending on the results of the US Presidential election, the markets will show some variability depending on who wins. 

In the long-run, these will be minor blips for where #Bitcoin is going.

If Vice President Harris wins, I expect a short-term downturn in the price of BTC. If Former President Trump wins, we could rocket to all-time highs. 

These expectations come from the Republican party aligning itself, from a stated perspective, as more BTC-friendly.

This isn't to say the Harris administration hasn't recently tried to appeal to the Bitcoin crowd-they have. 

Unless something like a #Bitcoin strategic stockpile/reserve or other actively pro-Bitcoin legislation occurs, the words both parties have said will be just words.

People may need action or expected outcomes to drive the markets upward, but Bitcoin does not care because Bitcoin isn't political. 

Bitcoin is Bitcoin, not a political argument.