Does Bitcoin’s stance on the US presidential election matter?

U.S. presidential candidate Rick Perry appears to have won the votes of the Bitcoin community after expressing his moderate stance on Bitcoin. In an interview with the New York Observer, Rick Perry declared that he fully supports a certain degree of relaxation of Bitcoin-related policies as long as it does not affect the Bitcoin industry's innovation and allows businesses based on legal digital currencies to operate smoothly.

Kentucky Senator and US presidential candidate Rand Paul announced that he will accept Bitcoin as campaign donations. He is also the first presidential candidate to make a real decision in the Bitcoin community. Following Rand Paul's decision, several other presidential candidates have also begun to accept Bitcoin as campaign funds.

The increasing acceptance of the use of cryptocurrencies as a form of fiscal tool by US presidential candidates has also helped the famous digital currency gain a certain degree of credibility among the American public and people around the world.

The development of Bitcoin in various countries around the world faces a common challenge, that is, how to increase the widespread use of Bitcoin itself among the people. Although there are still a group of people who are completely committed to Bitcoin and are willing to vouch for Bitcoin at any time, they are still in the minority. Most people are still skeptical about Bitcoin. Some of them question the credibility of Bitcoin, of course, a few people question the legitimacy of Bitcoin, and some people cannot ignore the important fact that Bitcoin is not managed by any central management agency like the central bank, so some people think that using Bitcoin is too risky.

Of course, the fact that elected government representatives use cryptocurrencies as a way to receive donations, and that candidates openly talk about them on TV, in the news media, etc., has inevitably increased the confidence of the American people and led to a higher rate of digital currency use. And those who were previously skeptical of Bitcoin, especially after hearing presidential candidates talk about Bitcoin during the campaign, are now able to learn more about Bitcoin, and some have even started to try using Bitcoin.

After the Bitlicense fiasco in New York, the Bitcoin community still has something to be happy about. As more and more people begin to understand Bitcoin and at least use it directly or indirectly to pay for some government-run expenses, the Bitcoin community can fully expect more realistic and reasonable management regulations.