More good news for bitcoin?

[seoincorporation]

Looks like El Salvador give a hard lesson to other countries, and now everyone want to invest in bitcoin, let's see if any of the decide to make from bitcoin a legal con as El Salvador did.

But in other hand I feel like they are playing with firme, to buy bitcoin in a ATH is a risk.

[Jating]

So what do you all think about this news?
Will this have a very high impact on the price of bitcoin or not?

Of course, every time we hear this kind of news, this is very welcoming to Bitcoin itself, and others might think that this is the closest that we could achieved on what we call Bitcoin's global adoption. And it could be a offshoot of what Trump will do as well in the US, as he promised that he will make Bitcoin as a national reserved for the US, similar to what El Salvador did.

So overall, it's not that Poland will have a good reserved besides the obvious fiat, but they will have something that no majority nation has done before. Maybe we can only count those countries in our hand that has a lot of Bitcoin, but they didn't treat it like a reserved. But instead some of them are selling it like what Germany did a couple of months ago.



https://x.com/SlawomirMentzen/status/1858276016822603970

[Lucius]

~snip~
But in other hand I feel like they are playing with firme, to buy bitcoin in a ATH is a risk.

If you invest in the long term, then in some way you reduce that risk - and besides, we are talking here about investments that are realized with taxpayers' money, so that they don't worry too much about the risk. Politicians are transient anyway and in 4-5 years we may have presidents in El Salvador and the US who will be against Bitcoin, but these politicians of today don't care about that anyway.

[Ricardo11]

Especially where the largest number of bitcoin holdings is among large countries and European countries, but I would like to mention the small country of El Salvador. They legalized Bitcoin by tender in law in 2021 and since then they started holding Bitcoin, today they have huge benefits from their holding. 
Meanwhile, Microstrategy, the largest Bitcoin holder, has held 331,200 Bitcoins so far. Those holding Bitcoin are the ones who are at the bottom of the success today, but only by holding Bitcoin long-term can the most success be achieved. Looking at the governments and institutions of different countries will increase the willingness of other investors to invest.

Yes, the way a small country like El Salvador has adopted Bitcoin and is making profits from long-term holding of Bitcoin is really inspiring, because many governments have banned Bitcoin in their countries. But there, the government of El Salvador, Nayib Bukele, has accepted Bitcoin as the official currency, and even Nayib Bukele has started buying one Bitcoin every day since 2022.

Again, seeing the success of MicroStrategy's Bitcoin holding, many large companies are now also making an investment attitude towards Bitcoin.
like, Metaplanet Company, Metaplanet Company started its first Bitcoin investment journey in April 2024, and Metaplanet Company has committed to gradually increasing its Bitcoin reserves compared to MicroStrategy's approach.
In addition, many other large companies are moving towards Bitcoin investment, seeing the success of Bitcoin.

It is clear that those who are holding Bitcoin for the long term are now successful, because Bitcoin is now at the top, those who have been holding Bitcoin for a long time have now benefited a lot and these holders are going to achieve more success in the future.
Because the demand for Bitcoin and its acceptance are constantly increasing, as a result, Bitcoin will reach $1M in the near future.
So if you want to achieve success from Bitcoin, you have to adopt a long-term holding strategy. Trust Bitcoin because Bitcoin will pave the way for more success in the future.

[serjent05]

So what do you all think about this news?

I think its been a norm for elections to use Bitcoin as their leverage against their opponent.  I think the Poland candidate has seen Bitcoin help Trump triumphant return to the presidential sit and probably he wanted to duplicate that success.  Well, let us see if the citizen of his country will buy his promises.

Will this have a very high impact on the price of bitcoin or not?

The promise of the candidate won't have an impact to the Bitcoin price but if ever the candidate wins and realizes his promise of making a bitcoin reserve then I would say this will hype the market.  Whether it will boost the price of bitcoin to a great extent is still for us to see.

[AprilioMP]

For all the news related to the highest leaders in a large country continue to drag Bitcoin, so this will be a very encouraging situation for Bitcoin holders like big investors in every country in the world.

Actually they are well aware that Bitcoin is quite beneficial for the economy, it's just that they are not brave enough to take action like what El Salvador has done because Bitcoin is not only related to the price that makes them profit or loss, but in Bitcoin there are many other advantages if they are make it a large number of reserves.

[dunfida]

For all the news related to the highest leaders in a large country continue to drag Bitcoin, so this will be a very encouraging situation for Bitcoin holders like big investors in every country in the world.

Actually they are well aware that Bitcoin is quite beneficial for the economy, it's just that they are not brave enough to take action like what El Salvador has done because Bitcoin is not only related to the price that makes them profit or loss, but in Bitcoin there are many other advantages if they are make it a large number of reserves.

I do remember up those days or years that they are really that criticizing on what El Salvador had done in the past specially into that buyback when Bitcoins price is sitting below $20k price as far as i remember on which its President did make out some decision on buying more. We have seen that tons that criticizing on what they have done or the worst really that laughing on what they are really that doing.
Now that the price had soar up to 90k then whose laughing now? lol. They are trying out to catch up on what El Salvador did because they've seen that potential benefits or profits that they could make
on which it could really be saving out someones economic or improve that condition. Its true that they will really be that skeptical on this part on which we cant blame them though.

Anything that pertains about Bitcoin adoption or recognition is always been that a good news. It will really be just that depending or basing up on how awareness and exposure would really be applied
and that such adoption and integration into different industries on which this could really be that resulting on soaring up high in terms of price when it comes to Bitcoin or simply with crypto space.
Expect that there would really be some issues or problems but what matter the most that adoption rate is really that getting higher.

[GeorgeJohn]

The thing is that the Bitcoin always increase and bitcoin normally increase when there is a more investors that come in into Bitcoin and also a negative information best bitcoin to decrease in value I believe that is one of the things that makes Bitcoin to get increase so if Bitcoin decreases that means there is no investors that come in but when investors come into bitcoin investment probably you will receive bitcoin increasing, but for this recent increment of Bitcoin we already know that within this time bitcoin will increase so it's not a new thing any longer you know that Bitcoin will you get 100k

[348Judah]

Bitcoin is now increasingly spreading throughout the world, even El Salvador has adopted bitcoin en masse over the last 3 years. Then large countries such as America, China and England are also reported to have very large bitcoin deposits.

China and America are out of these, except if what you means is not the same with what is being portray here, China cannot have bitcoin as a take, US as of then was the same, but now inconclusive despite the numbers of actors and investors showing more interest on it after the presidential election, we don't actually know what to expect after his has been sworn into office, these same countries are not investing on bitcoin, US only have some deposits of seized asset in their custody and that is not their investment.

[Orpichukwu]

But in other hand I feel like they are playing with firme, to buy bitcoin in a ATH is a risk.

For private individuals, then the risk could have been considered a great one as they might not be able to hold bitcoin for as long as the government will. If not, when they realise that they need to accumulate some bitcoin and hold in reserve, then I don't see anything wrong with that if the price goes down today, they will just leave it there until only they will decide, but I don't think they will ever make the mistake of considering to sell below the purchase price.

[Kavelj22]

According to this article published by CNBC, Bitcoin rose on Tuesday even amid growing geopolitical tensions between Ukraine and Russia. The cryptocurrency rose more than 2% to $93,817, surpassing its previous record of $93,469. These moves come after Russia lowered the threshold for using nuclear weapons, after US President Joe Biden allowed Ukraine to use US missiles to strike Russian military targets. What this means is that investors have become confident in Bitcoin as a safe investment in the long term because let's not forget that Bitcoin is not the most preferred destination in the investment market and most investors make profits in the short and medium term.

[Smack That Ace]

According to this article published by CNBC, Bitcoin rose on Tuesday even amid growing geopolitical tensions between Ukraine and Russia. The cryptocurrency rose more than 2% to $93,817, surpassing its previous record of $93,469. These moves come after Russia lowered the threshold for using nuclear weapons, after US President Joe Biden allowed Ukraine to use US missiles to strike Russian military targets. What this means is that investors have become confident in Bitcoin as a safe investment in the long term because let's not forget that Bitcoin is not the most preferred destination in the investment market and most investors make profits in the short and medium term.

For a volatile asset like bitcoin, a 2% price increase is negligible and it cannot be said that investors are choosing it as a safe haven as news of the war between Russia and Ukraine intensifies. I don't expect the war to get worse, but we can only confirm that big investors are considering bitcoin as a safe investment. We need to wait and see if the war gets worse, will bitcoin rally along with gold or will it get dumped? As for me, I'm not very optimistic, I guess it will be dumped if Ukraine attacks Russian territory and Russia retaliates.

Bitcoin is only 15 years old and has never faced any black swans (recession, war...) and has still been able to maintain its position so it cannot be said that it has become safer and is the preferred choice of investors.

[famososMuertos]

I think this is good news for those who are still hesitant; the young people, ordinary people, haven't gotten close to the Bitcoin niche yet... it's a shame that the adoption party isn't going to happen with they, that's the reality, since it will always be a shame to see how the distribution of Bitcoin is centralized in a few hands, well, the big Bitcoin holders.

[MarjorieZimmermanGinger]

For private individuals, then the risk could have been considered a great one as they might not be able to hold bitcoin for as long as the government will. If not, when they realise that they need to accumulate some bitcoin and hold in reserve, then I don't see anything wrong with that if the price goes down today, they will just leave it there until only they will decide, but I don't think they will ever make the mistake of considering to sell below the purchase price.

That's because people don't understand bitcoin well because even though the price of bitcoin drops there will be a reversal process that will bring it back up. Investing in bitcoin is actually quite simple because what we need to think about is how to accumulate purchases and investments in bitcoin are much more potential if used for the long term. Buying bitcoin at ATH will be quite risky for people who have unstable financial capabilities because they are worried that they will sell the bitcoin because they need money to meet their needs.

If it is bought and is able to be held for the desired period of time until it reaches the next ATH, it will not be a problem. Because bitcoin has been proven to be able to provide a new price increase at the next ATH and there is no need to worry if the concept of long-term investment that we run.

[Lucius]

Yes, the way a small country like El Salvador has adopted Bitcoin and is making profits from long-term holding of Bitcoin is really inspiring, because many governments have banned Bitcoin in their countries.
~snip~

That would be more correctly called unrealized profit because if you didn't sell something, then you didn't make a profit - and they don't sell BTC as far as I know. It's true that some countries have banned BTC, but in such dictatorships, many more important things are banned than that, so I wouldn't even call such countries countries, but rather prisons of sorts from which people escape whenever they get the chance.

[AprilioMP]

For all the news related to the highest leaders in a large country continue to drag Bitcoin, so this will be a very encouraging situation for Bitcoin holders like big investors in every country in the world.

Actually they are well aware that Bitcoin is quite beneficial for the economy, it's just that they are not brave enough to take action like what El Salvador has done because Bitcoin is not only related to the price that makes them profit or loss, but in Bitcoin there are many other advantages if they are make it a large number of reserves.

I do remember up those days or years that they are really that criticizing on what El Salvador had done in the past specially into that buyback when Bitcoins price is sitting below $20k price as far as i remember on which its President did make out some decision on buying more. We have seen that tons that criticizing on what they have done or the worst really that laughing on what they are really that doing.
Now that the price had soar up to 90k then whose laughing now? lol. They are trying out to catch up on what El Salvador did because they've seen that potential benefits or profits that they could make
on which it could really be saving out someones economic or improve that condition. Its true that they will really be that skeptical on this part on which we cant blame them though.

In terms of price, El Salvador can be sure that it is already in a high percentage advantageous position with an estimated purchase price of under $70,000.
In terms of price, El Salvador, especially President Nayib Bukele, has given an answer to the doubters and opponents of his bold decision to legalize Bitcoin.
In the future, maybe they can find another answer as to why Bukele made the decision. No more people laughing at his decision. Instead, they will nod their heads and say that he is a leader with a great mindset.

[Kavelj22]

According to this article published by CNBC, Bitcoin rose on Tuesday even amid growing geopolitical tensions between Ukraine and Russia. The cryptocurrency rose more than 2% to $93,817, surpassing its previous record of $93,469. These moves come after Russia lowered the threshold for using nuclear weapons, after US President Joe Biden allowed Ukraine to use US missiles to strike Russian military targets. What this means is that investors have become confident in Bitcoin as a safe investment in the long term because let's not forget that Bitcoin is not the most preferred destination in the investment market and most investors make profits in the short and medium term.

For a volatile asset like bitcoin, a 2% price increase is negligible and it cannot be said that investors are choosing it as a safe haven as news of the war between Russia and Ukraine intensifies. I don't expect the war to get worse, but we can only confirm that big investors are considering bitcoin as a safe investment. We need to wait and see if the war gets worse, will bitcoin rally along with gold or will it get dumped? As for me, I'm not very optimistic, I guess it will be dumped if Ukraine attacks Russian territory and Russia retaliates.

Bitcoin is only 15 years old and has never faced any black swans (recession, war...) and has still been able to maintain its position so it cannot be said that it has become safer and is the preferred choice of investors.

According to the indicator on tradingview today, Bitcoin recorded an increase of approximately 1.43% in conjunction with the optimism in the markets about a prosperous future for digital currencies under the new Trump administration, and Bitcoin is currently trading near $94K. While spot gold contracts rose significantly despite the rise in the US dollar index during trading due to the seriousness of concerns about Russian-Ukrainian tensions, and gold is trading near $2648 per ounce.

Developments in the White House and geopolitics have an impact on all investment products, and almost the only product that is witnessing a decline is oil. Bitcoin is not the only product whose price has recovered recently, and these indicators are evidence of the strengthening of investors’ confidence in Bitcoin as a safe, long-term investment, just as they trust gold.

[icalical]

Slawomir Mentzen's proposal for creating a Bitcoin reserve in Poland is intriguing, but it's way too early to refer to this as a major step toward global mass adoption. Indeed, El Salvador's Bitcoin experiment has brought partial success, such as lower inflation, 0.58% in 2024, and increased tourism, but only about 20% of Salvadorans are active users of the new currency. Most prefer the US dollar because of volatility and issues with the Chivo Wallet launch. This underlines the fact that national-level adoption does not always mean everyday use.

As far as I know from the news I read, in the US, Trump’s stance on Bitcoin not yet fixed, and any impact of his re-election on Bitcoin policies is still not really. While countries like the US and UK hold large amounts of Bitcoin, these reserves are mostly private or institutional, not government owned. Poland’s plans hinge on the upcoming election and public and regulatory support. Bitcoin’s growth is clear, but hurdles like public adoption and regulatory clarity make claims of global mass adoption premature.

[Smack That Ace]

According to this article published by CNBC, Bitcoin rose on Tuesday even amid growing geopolitical tensions between Ukraine and Russia. The cryptocurrency rose more than 2% to $93,817, surpassing its previous record of $93,469. These moves come after Russia lowered the threshold for using nuclear weapons, after US President Joe Biden allowed Ukraine to use US missiles to strike Russian military targets. What this means is that investors have become confident in Bitcoin as a safe investment in the long term because let's not forget that Bitcoin is not the most preferred destination in the investment market and most investors make profits in the short and medium term.

For a volatile asset like bitcoin, a 2% price increase is negligible and it cannot be said that investors are choosing it as a safe haven as news of the war between Russia and Ukraine intensifies. I don't expect the war to get worse, but we can only confirm that big investors are considering bitcoin as a safe investment. We need to wait and see if the war gets worse, will bitcoin rally along with gold or will it get dumped? As for me, I'm not very optimistic, I guess it will be dumped if Ukraine attacks Russian territory and Russia retaliates.

Bitcoin is only 15 years old and has never faced any black swans (recession, war...) and has still been able to maintain its position so it cannot be said that it has become safer and is the preferred choice of investors.

According to the indicator on tradingview today, Bitcoin recorded an increase of approximately 1.43% in conjunction with the optimism in the markets about a prosperous future for digital currencies under the new Trump administration, and Bitcoin is currently trading near $94K. While spot gold contracts rose significantly despite the rise in the US dollar index during trading due to the seriousness of concerns about Russian-Ukrainian tensions, and gold is trading near $2648 per ounce.

Developments in the White House and geopolitics have an impact on all investment products, and almost the only product that is witnessing a decline is oil. Bitcoin is not the only product whose price has recovered recently, and these indicators are evidence of the strengthening of investors’ confidence in Bitcoin as a safe, long-term investment, just as they trust gold.

Yes, bitcoin has hit $95,000 but what is happening is just short term, you cannot rely on that to say that in the long term, bitcoin will not be dumped if the war gets more serious. As I said, it took thousands of years, through wars, recessions and world economic crises, for gold to prove itself as the safest choice. Bitcoin has never faced a black swan like this, it even dumped heavily during the inflationary period of 2022 and if I remember correctly it lost 75% of its value from its all time high in 2021. How can an asset that can dump more than 75% in a short period act as a safe haven?

I really like bitcoin and I'm almost fully invested in it, but I'll be realistic: it's too early for bitcoin to compare to gold in terms of safety and become the top choice in a recession.

Gold will continue to stabilize and slowly increase over time but Bitcoin will soon be dumped as the bull cycle ends, and big investors will also soon start selling in droves as the bear season begins.

[Sebas.tian]

Looks like El Salvador give a hard lesson to other countries, and now everyone want to invest in bitcoin, let's see if any of the decide to make from bitcoin a legal con as El Salvador did.

But in other hand I feel like they are playing with firme, to buy bitcoin in a ATH is a risk.

Be the first country to adopted Bitcoin and made it a legal tender has changed the mind of Many countries to do the same thing, because there are some countries that adopted Bitcoin few years ago for their citizens to have more knowledge of Bitcoin, because they discovered that it has a bright future for users. No doubt about the US adopting Bitcoin, because Trump used Bitcoin to campaign which is the reason he pulled out massive vote to defeated his opponent to become the president of US which he will definitely make Bitcoin a legal tender for the whole US to enjoy the benefits of Bitcoin. Let the price of Bitcoin reach $100,000, then you will see more good news about Bitcoin, because many government thoughts Bitcoin will not get to this stage before it will disappear from the world, but Bitcoin is still displaying globally with good results to those that invested in Bitcoin.