The 2024 Presidential Election Could Make Or Break Bitcoin In The U.S.
This is an opinion editorial by Robert Hall, a content creator and small business owner.
The race for the 2024 U.S. presidential election is starting to kick into gear, featuring some of the same cast of characters from the last few elections. On the Democratic side, you have Joe Biden, Robert F. Kennedy and Marianne Williamson suggesting they will run. Then, Former President Donald Trump, Nikki Haley, Ron DeSantis and Vivek Ramaswamy are on the other side of the aisle.
If you have been following the race so far, you might know that Trump seems to be walking away with the nomination before the process even starts next year. If he ends up being the nominee, we will likely get a re-run of 2020, where we have two men over 70 years old who both think that they know what is right for the country. Who else is tired of having baby boomers running the show? I am, to be honest.
Boomer Presidents Don’t Understand Bitcoin
Baby boomers, you’ve had their time in the sun. It’s time to leave the stage and let the younger generations of leaders have a chance to lead the country. We need leaders who understand the emerging challenges facing America as we speak.
We need leaders who thoroughly understand economic policy and the value of innovation in the financial space. For instance, the baby boomers at the top of the ticket don’t have the depth or the capacity to understand the once-in-a-lifetime opportunity that Bitcoin presents to America and the American people.
Biden and Trump have been openly hostile towards Bitcoin because they believe in the supremacy of the fiat dollar system. The time is now to elect someone with a bold vision for the future, who understands that the way that the entitlement systems are set up and the dollar’s role in the world isn’t sustainable over the long term.
If America stays on its current path, it will only lead to chaos, lawlessness, and a lower standard of living for everyone. Is this the future that you want for your children and grandchildren? 2024 is our chance to start a new journey toward freedom, the rule of law and the opportunity to make something of yourself, regardless of your station in life.
Why We Need A Bitcoiner As President
It has been reported recently that the mayor of Miami, Francis Suarez, is close to a decision on whether to run for president next year. For those who don’t know him, he is one of the most pro-Bitcoin politicians in the country. He has actively courted Bitcoiners to come to Miami and help make it the Bitcoin capital of the world. So far, he has largely succeeded in doing that.
But in addition to making the U.S. an epicenter for Bitcoin innovation, having a Bitcoiner like Suarez as president will, critically, stop the emergence of a central bank digital currency (CBDC) in America dead in its tracks. If Biden or Trump is elected, it is almost certain that some form of CBDC will be activated in America. With the deployment of a CBDC, you can kiss your financial freedom goodbye. You can kiss your privacy goodbye.
You will no longer have autonomy over what you can eat or how far you can travel. You will have a social credit score, as has been implemented in China. Is this the type of life that you want? We have to strive for a better life.
Just recently, the rails for a CBDC were introduced to the public. FedNow, as it is called, will be operational by July 2023. It is said that it will be used to speed up payments between customers and businesses, which may be accurate at the moment. However, as with any system, it will likely evolve into something vastly different than what it was intended to be.
Can we really trust a government that has given us the Patriot Act, PRISM and now the proposed RESTRICT Act to resist total control over what you spend your money on?
The RESTRICT Act, for instance, put forth by none other than Bitcoin-hating Senator Elizabeth Warren, has the potential to harm Bitcoiners in the United States with its overly-broad language about digital communication tools being a threat to national security. While the overt target may be TikTok, nothing is stopping regulators from using this law against Bitcoin in the future.
Looking past this smokescreen, you can see that they are building their case to the public: Hilary Clinton, international regulators and the U.S. Treasury have all warned about the dangers of cryptocurrency.
Now, put this in the context of $31 trillion in U.S. national debt, unsustainable entitlement spending, a world slowly moving away from the dollar, high gas prices and uncontrollable inflation. Then it becomes clear that they will close off the exits to Bitcoin before most people learn about how to use them. They want to herd the masses into a CBDC for a “great reset” of the monetary system. This is coming if we don’t start electing people who understand that Bitcoin is our last chance to escape a sinking ship.
Mayor Saurez gets it, and if any other politicians in America understand Bitcoin, it is time that we support them and get more Bitcoiners in office. The dollar is the Titanic, and Bitcoin is the lifeboat. Will enough people get on to be saved? Time will tell and the upcoming presidential election could be a final chance.
This is a guest post by Robert Hall. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.