What do Bitcoin and Republican presidential candidate Donald Trump have in common? Both are new in their respective fields, both are extremely disruptive to existing power structures, and both are, at this point, unstoppable. collapse To the chagrin of party elders, with an unquestionable advantage in the Republican primary, Trump's candidacy was at best a distant curiosity. Political analysts believed his campaign, without the traditional infrastructure or support of influencers in the broader conservative movement, was doomed to fail. History shows us otherwise. The secret? Disintegration. Through his direct (and often vulgar) speech, his willingness to attack anyone and everyone (including members of his own party), and his presence as a serious White House contender despite a historical lack of support from big donors (or really anyone deeply embedded in politics), Donald Trump is the antithesis of the typical political candidate. He brings with him the end of the status quo, the upheaval of an establishment that has become deeply unpopular. Donald Trump represents an idea whose time has come, and once that idea gains enough traction, there is no way to stop it. Likewise, Bitcoin represents a disruptive force in the financial sector. From banks to governments, existing institutions stand to lose power to its rise, whether due to its increasingly obsolete powers, expensive form of money, or its ability to allow economies to function and grow with almost no state oversight. For some countries, Bitcoin’s ability to bypass government regulators makes it unique and invaluable. Even for those users who are willing to comply with all relevant regulations, it is simply too convenient and useful to give up once its popularity explodes. Thus, Bitcoin’s disruptive force will continue until it upends the entire financial industry. An unstoppable force would still suffer temporary setbacks. He would lose Iowa, the first state in the Republican primary, and his poll numbers would not be as good as they could be. However, he would go on to win New Hampshire by an even more significant margin and remain in the primary. For Bitcoin, when core developer Mike Hearn wrote an article condemning the cryptocurrency as drowning, its price similarly took a hit, only to now recover and rise even higher than before. This same pattern has been repeated many times, as a setback hits, leading self-proclaimed experts to declare Bitcoin finished, only to see its recovery. We can expect more bumps in the road, but rest assured, no setback will last forever. For better or worse, Donald Trump’s fate as the self-selected face of the Republican Party has been written in stone. So too has Bitcoin’s fate, the future of the currency has been decided, for the better.
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