Would I Vote Trump or Harris?—Analysing their Bitcoin, Macro & GeoPolitical Policies | BitcoinHardTalk Episode 60
Oct 18, 2024Hey Hey Wealth Builders,
Episode 60 of BitcoinHardTalk brings us to a critical discussion about how a Trump vs. Harris administration could impact Bitcoin, the U.S. dollar, and the global financial landscape. We’re stepping into an era defined by currency wars, intensifying geopolitical conflicts, and the potential shift from a U.S.-dominated world to a more multi-polar order. Let’s break down this episode’s key insights, exploring the candidates’ economic and crypto policies, their stances on international power struggles, and what all this means for our Bitcoin wealth-building journey.
The Bitcoin & Crypto Vote: Trump vs. Harris
Let’s start with the candidates' crypto policies, a significant topic given Bitcoin’s increasing role in finance and independence. Trump’s campaign drew major headlines this quarter with $7.5 million raised from the crypto community and a new token sale for World Liberty Financial. While this token is still highly scammy in my opinion and limited to U.S. accredited investors, Trump’s stance signals a potentially favorable environment for Bitcoin. With Cynthia Lummis's bill promoting a Bitcoin strategic reserve asset, Trump’s potential administration could see more pro-crypto regulation, including a friendlier SEC approach and emphasis on self-custody.
Meanwhile, Harris’s crypto policy—still largely indirect—has drawn criticism for what I call “crypto apartheid.” Her administration’s recent push for financial inclusion uses crypto to court the American Black male vote but lacks the broader decentralization ethos at Bitcoin’s core. Policies supporting KYC-regulated coins and custodial services through entities like BlackRock suggest an approach that could limit Americans’ access to self-custody and the financial freedom Bitcoin represents.
For Bitcoin advocates, Trump seems like the more pro-crypto candidate, albeit with limitations, as his plans remain tied to traditional financial systems. Yet, the real question for us as Bitcoiners is whether either administration will embrace a decentralized future—or simply another form of controlled digital finance.
Macro & Currency Wars: The Battle for Financial Sovereignty
Currency wars are becoming increasingly real, with Trump’s stance on the dollar’s reserve status contrasting starkly with the global de-dollarization trends we’re witnessing. In a recent statement, Trump said that any country abandoning the U.S. dollar as the world’s reserve currency would face 100% tariffs—a bold, almost desperate move. Meanwhile, BRICS nations have been working to bypass the dollar by launching BRICS Pay, a tokenized platform aimed at creating a new global financial ecosystem. The U.S. election’s outcome could influence how these trends evolve.
Under a Trump administration, we could see an assertive attempt to maintain the dollar’s global dominance, though it could backfire and push countries further away. Harris, while not as vocal, would likely follow a similar path but with a stronger emphasis on domestic fiscal policies, such as subsidizing loans for specific demographics. Ultimately, both candidates’ policies could strengthen the dollar in the short term while fueling the global trend toward de-dollarization.
This election is a critical moment for financial sovereignty. As BlackRock, major central banks, and BRICS nations enter the digital currency race, Bitcoin remains the only truly decentralized asset. In the macroeconomic chaos that both Trump’s and Harris’s policies could bring, Bitcoin is a hedge against currency manipulation, debt-driven policies, and inflationary pressures. The Federal Reserve is a lot more important than any president on this matter.
Geopolitical Tensions: A Chessboard with High Stakes
One of the most charged topics in Episode 60 was the geopolitical landscape. Tensions are high, particularly in the Middle East, where both candidates’ policies could impact global oil prices, international trade, and, inevitably, Bitcoin. Trump has aggressively aligned with pro-Israel stances and voiced opposition to continued involvement in Ukraine, instead eyeing a redirection of U.S. reserves toward possible conflict with Iran. His rhetoric also hints at potential military action, making him a favorite for U.S. allies pushing for heightened pressure on Iran.
Harris, on the other hand, has been quieter but supportive of the current administration’s stance on Iran and Israel. Both candidates appear prepared to escalate the U.S. role in Middle Eastern conflicts, each looking to secure backing from influential pro-Israel entities.
As always, such power plays carry economic consequences. An escalation in the Middle East could spark an oil crisis that directly impacts the dollar and could sway the U.S. election. For us, it reinforces the importance of holding Bitcoin—a decentralized asset free from geopolitical volatility. Unlike fiat currencies and government bonds, Bitcoin is insulated from geopolitical tensions, making it a critical asset in these uncertain times.
Bitcoin as the True Decentralized Solution
Both Trump and Harris, through their focus on centralization and regulation, continue to reinforce the need for a decentralized currency like Bitcoin. With central banks racing to create their own digital currencies and corporations like BlackRock dominating Bitcoin ETFs, it’s essential to understand the difference between these entities’ influence and the true financial sovereignty Bitcoin offers.
Institutional investment in Bitcoin is often about control, not freedom. BlackRock’s entrance into Bitcoin may seem like progress, but it steers people toward paper ownership without actual control of private keys. This isn’t financial independence—it’s a version of the same system Bitcoin seeks to disrupt. Self-custody and personal responsibility remain key, and the ETF pathway limits this potential for individuals by bringing Bitcoin back under corporate influence for that particular person, whilst others gain the full freedom of Bitcoin.
As we face uncertain times, Bitcoin offers an alternative: a way to opt out of government-led fiscal policies, a hedge against inflation, and a form of money that transcends borders. Episode 60 reminds us that our mission to build wealth with Bitcoin is more than just financial—it’s a step toward financial freedom.
Final Thoughts: Bitcoin as the Hedge for a Changing World
Episode 60 highlights the crossroads we face as wealth builders. From rising geopolitical tensions to the accelerating currency wars, we’re seeing a world shifting away from U.S.-led dominance. Nations are vying for economic control through digital currencies and trade alliances, and both Trump and Harris have plans that could further stoke these trends. Amidst this chaos, Bitcoin offers a sense of hope—a decentralized lifeline that puts control back in the hands of individuals.
Bitcoin is the antidote to the power centralization we see across the globe. It provides a path toward financial sovereignty beyond the reach of banks, governments, or corporations. But simply owning Bitcoin isn’t enough; we must understand, protect, and share its potential to truly benefit from its promise of economic freedom.
As I reflect on Episode 60, I feel the urgency to adapt. The world is moving fast, and those who fail to see the potential in Bitcoin risk being left behind. If you haven’t already, join us in the BitcoinHardTalk membership portal. Together, we’ll navigate these turbulent times and build a future rooted in true financial independence.
Watch the full episode to get my full strategy on how I would vote, what I would demand from the future president if I were American and why I choose to focus on what I believe are the most important issues at the expense of other issues.
Timestamp
0:00 - 2:30 | Introduction: Trump or Harris—What’s at Stake for Bitcoin?
2:31 - 12:15 | The Bitcoin & Crypto Vote: Trump’s Pro-Bitcoin Stance vs. Harris’s KYC Approach
12:16 - 22:45 | Currency Wars: Tariffs, De-Dollarization, and the Future of the U.S. Dollar
22:46 - 36:10 | BRICS Pay and the Shift Toward Multi-Polar Financial Systems
36:11 - 46:59 | Geopolitical Power Plays: U.S., Israel, Iran, and the Potential Fallout
47:00 - 1:02:15 | Institutional Interest in Bitcoin: BlackRock, ETFs, and the Push for Control
1:02:16 - 1:16:30 | Military and Economic Tensions: U.S. Policy, Global Oil, and Election Outcomes
1:16:31 - 1:26:00 | Harris’s Subsidies and Small Business Loans—Impacts on U.S. Economy
1:26:01 - 1:41:50 | The BRICS Alliance and its Potential Disruption of Dollar Dominance
1:41:51 - 1:56:00 | Currency Manipulation, Inflation, and the Central Bank Control Model
1:56:01 - 2:14:00 | Bitcoin as a Hedge: How Decentralization Counters Financial Oppression
2:14:01 - 2:30:00 | Final Thoughts: Bitcoin as a Path to Financial Sovereignty in Uncertain Times
Disclaimer
The content of this blog post, along with the discussions in BitcoinHardTalk Episode 60, reflects the personal views, research, and analysis of Simon Dixon. This episode delves into potential shifts in global finance and geopolitics as impacted by the upcoming U.S. election, including currency wars, Bitcoin’s role in financial autonomy, and intensifying geopolitical tensions between the U.S., Israel, and Iran.
The information provided is based on publicly available sources, independent research, and personal interpretation. The purpose of this blog is to challenge official narratives, foster critical thinking, and provide alternative perspectives on key events shaping global finance. It encourages readers to consider the evolving roles of Bitcoin, decentralized finance, and cryptocurrency regulation as potential counters to traditional systems of financial control.
This blog does not endorse violence, hatred, or illegal activities, nor does it target any individual, nation, or group with malicious intent. The sensitive subjects discussed—including international conflicts, currency policies, and central bank actions—are presented for a broader understanding of their potential impacts on global economics, rather than as criticisms of specific entities. By examining how decentralized solutions like Bitcoin may counterbalance centralization, this content aims to inform on the advantages of decentralization for financial autonomy.
Discussions on cryptocurrency regulations, geopolitical risk, and the influence of financial entities are not intended to defame any individuals or organizations. Instead, this blog seeks to shed light on macroeconomic trends shaping the financial world and explore how Bitcoin and decentralized finance may provide resilience in centralized systems.
BitcoinHardTalk Episode 60 and this blog are intended for educational purposes and aim to spark thoughtful conversations on cryptocurrency, global finance, and geopolitics. The opinions shared are those of Simon Dixon alone and do not necessarily represent views of other individuals or organizations mentioned. This content is not financial, legal, or investment advice.
We advise readers to seek guidance from qualified financial and legal professionals before making decisions about cryptocurrency investments, international transactions, or actions influenced by geopolitical events. While Bitcoin and decentralized finance present opportunities for financial autonomy, they also carry regulatory and jurisdictional risks.
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This blog aims to foster respectful and informed discussions on Bitcoin, financial markets, and global geopolitics, inviting constructive contributions to deepen understanding of these pivotal issues shaping our world.