Government figures or politicians supporting Bitcoin?

[sashavich04]

For long, politicians have been skeptical about crypto/Blockchain tech as it provides an "escape route" from the existing monetary system controlled by governments worldwide. Some of them have seen the benefits of this emerging industry, showing their support for crypto. In the US, a presidential candidate named "Andrew Yang" publicly expressed his support for crypto/Blockchain technology. Other politicians have touched the subject lightly. All of this is good since it helps Bitcoin and other cryptocurrencies grow in the mainstream world. The same politicians supporting this emerging industry, could perform legislations to make crypto/Blockchain tech more legitimate in the mainstream world. Yet, the number of politicians supporting crypto is very small compared to those who don't.

Which politicians support Bitcoin? Do you think world leaders will embrace crypto/Blockchain tech at its fullest? Or will they go against it? What impact will mainstream politics have in the future direction of Bitcoin? Your input will be greatly appreciated. Thanks in advance.

[Mr. Cid]

Most of the countries are very reluctant to support the increasing popularity of the cryptocurrencies.

[PALM]

Let us expect that there will be a few countries that will go against it as it can't please all of them. I think these politicians doesn't really see the technicalities of bitcoin but they only see it simply as an investment asset and, as long as it can potentially give profit to the investors, that's how they understand and giving it an importance.

The impact, I guess not that much for those politicians and countries that doesn't really have a say about bitcoin or blockchain. They will never know how many bitcoin people are there in their country unless there's an established exchange in their place and being used by most.

[Newbie_trader]

There will come a time that both will accept the existence of the cryptocurrencies.

[darexgeorgieviya04]

No politician truly supports Bitcoin, Bitcoin was created to remove centralization in economy, which if achieved would put many politicians out of their jobs. Even those who say that they support it actually want to regulate it and maybe even control it. The best support a politician can give to Bitcoin is to just ignore it.

[Alexthedefender04]

In my country large scale mining were done by politically supported persons. These were kept confidential, because the electricity consumption is availed free of cost. It means it is got under the free electricity provided for agricultural purpose.

Politicians are benefitting good out of bitcoin, and what is happening with USA is the political game. Now vote, power, and donations are much required. Maybe a positive attitude on bitcoin can get the support of the bitcoiners.

[Mr. Cid]

Elections are almost near, and I think it's the reason why some of the politicians support the crypto world. The investors can make donations out of the Bitcoin.

[AshieLemon15]

Some leaders in the world or in some countries will not fully support bitcoin, only a few leaders support bitcoin and provide clear regulations such as in the governments of the US, South Korea and other countries. in developing countries like in my country the government only provides regulation as commodity trading. There are many pros and cons about using Bitcoin and blockchain technology. There are politicians who are very supportive and many who are not. Some politicians don't even understand bitcoin and blockchain technology.

[AbdulShiek]

Some leaders in the world or in some countries will not fully support bitcoin, only a few leaders support bitcoin and provide clear regulations such as in the governments of the US, South Korea and other countries. in developing countries like in my country the government only provides regulation as commodity trading. There are many pros and cons about using Bitcoin and blockchain technology. There are politicians who are very supportive and many who are not. Some politicians don't even understand bitcoin and blockchain technology.

Some leaders use Bitcoin to gain more popularity and attract more votes during the election. Government figures or politicians oftentimes do take both sides.