Bitcoin breaks above its all-time high of $73,777 | Hacker News Reader

Bitcoin breaks above its all-time high of $73,777

fxstreet.com

15 pointsvinnyglennon17 comments

https://www.barrons.com/amp/articles/bitcoin-election-trump-...

Generally, it’s believed that Trump would give the most support to Bitcoin. Trump attended a major Bitcoin conference over the summer, where he promised to make the U.S. “the crypto capital of the world” and to hold Bitcoin for strategic purposes. He’s also promised to oust Securities and Exchange Commission Chair Gary Gensler in favor of a more crypto-friendly regulator.

I would put the probability as very low of Trump delivering on any of those things

Same. Speculative currencies are gonna speculate, and politicians are gonna politician.

We live in a BS world. Its all about bullshitting to the moon. no body cares about the trut anymore

Bitcoin is truth in a mad world. Bitcoin doesn't need Trump. Trump needs bitcoin.

Bitcoin is partially an index of political instability. Anything that has potential to significantly accelerate global divestment from the dollar is a positive for crypto. Trump winning the White House would do that. Even a protracted vote tally resulting in a Harris win would bode well for crypto, if it came along with court battles and violence that further exacerbate America’s political instability.

It's simply protection against theft that is money supply inflation.

Did you know that the number of dollars doubles every decade on average? And the effect that has on the value of each dollar (it halves it).

> Did you know that the number of dollars doubles every decade on average? And the effect that has on the value of each dollar (it halves it).

But so do pretty much all developed world currencies isn't it? And relatively speaking dollar has pretty much increased or remained stable against other currencies including EUR, GBP over the last decade or so.

Depends on where you are looking from. EUR & USD perform kinda badly the last years compared to CHF

So either swiss is doing super well or everyone else isn't.

Yes, that's the point. Bitcoin offers a global escape from the enormous stealth theft that most people aren't aware is even happening to them.

Change the record. People are getting sick of hearing this.

You're either terminally apathetic or you don't understand the profound negative effect that allowing a small group of people to print money that every one else has to work for has.

It's the most important issue in the world for humans, bar none.

Don’t be so dramatic. You’re still eating aren’t you?

Exactly. Allowing a single person, Giancarlo Devacini, hiding in some offshore from every criminal court in the world, to print "money of the future" uncontrolled, unaudited and without any limitations is a definition of insanity.

Have fun staying rich btw ;)

here we go again. more likely it will fall back down than keep going up, if recent history is any guide.

Have you heard of the halving?

The world Economy getting worse and more confusing is a good thing for crypto and barely avoidable now.

Reply on news.ycombinator.com