Maybe Trump will bring Bitcoin into a new age

[PX-Z]

3. When the price of Bitcoin rises to a very high position, its volatility will become smaller,...

Nonsense, where did you find this information, price is not the key factor for an asset to not become volatile. But mainstream integration in much broader way, global regulation, of course the increase of adoption in many countries. As long it can be manipulate by institutional investors and fomo comes bitcoin will be still and more volatile.

Well, if the US president can make it happen to start in the US then that's a very huge start.

[DaNNy001]

3. When the price of Bitcoin rises to a very high position, its volatility will become smaller,...

Nonsense, where did you find this information, price is not the key factor for an asset to not become volatile. But mainstream integration in much broader way, global regulation, of course the increase of adoption in many countries. As long it can be manipulate by institutional investors and fomo comes bitcoin will be still and more volatile.

Well, if the US president can make it happen to start in the US then that's a very huge start.

Well although am not certain of anything but it seems Donald trump's victory is also behind the massive price influence in the market and this was an action that was perceived even before the election. And an even greater influence would be made if the president is definitely friendly to Bitcoin and crypto at large as he has promised during his campaign which I believe also made some of the community over there to trust and vote him in.

[pinggoki]

So in other words, you want the US to use taxpayer money to buy enough Bitcoin in order to manipulate the price of Bitcoin--in the same way the US has a strategic reserve of oil that they sell off when the price of gas gets too high.

A strategic reserve would give the US government the power to determine the price of Bitcoin. They could make the price go up by buying it, and make the price go down by selling it.

That's what you want? Seriously? Are you mad?

Hey, if that's the possible foreseeable future with bitcoin, I think that it should be a good excuse for many of us to start the hoarding because bitcoin always surprises us and I don't think it's that time to expect that bitcoin will not deviate in its prices. I mean with Trump being vocal with bitcoin, I think that it's possible that we might see something like this from happening, I mean he's pardoning Ross Ulbricht soon right? No one could've expected that to happen until he said so.

[mateofurtado]

     1. The United States' purchase of Bitcoin as a reserve will drive up the price of Bitcoin, while also driving other countries and large companies and financial institutions to buy Bitcoin, further pushing up the price.

Bitcoin no longer holds the same perception as before; it is no longer solely embraced by free individuals, for whom it was originally created, but is now also adopted by governments, both powerful and less so. If the United States establishes a strategic reserve, similar to Bukele’s approach, we are on the verge of an extraordinary phase for Bitcoin. It won’t be the same—no, it won’t.

[philipma1957]

3. When the price of Bitcoin rises to a very high position, its volatility will become smaller,...

Nonsense, where did you find this information, price is not the key factor for an asset to not become volatile. But mainstream integration in much broader way, global regulation, of course the increase of adoption in many countries. As long it can be manipulate by institutional investors and fomo comes bitcoin will be still and more volatile.

Well, if the US president can make it happen to start in the US then that's a very huge start.

Well although am not certain of anything but it seems Donald trump's victory is also behind the massive price influence in the market and this was an action that was perceived even before the election. And an even greater influence would be made if the president is definitely friendly to Bitcoin and crypto at large as he has promised during his campaign which I believe also made some of the community over there to trust and vote him in.

yes but to toss some F.U.D. around if Trump goes back on his word and attacks BTC bigly in early feb we could tank like mad.

Since he can't do anything until late Jan just enjoy this for now.

[LogitechMouse]

The effect is definitely positive because it means the US has a lot of trust in Bitcoin. Like Senator Lummis said, the US plans to acquire 1 million Bitcoin over a 5-year period...that's a massive amount, almost matching Satoshi’s holdings. It’s a good move, especially since it won't be a one-time acquisition if it ever happens. Every time there's news about it, Bitcoin will only get more bullish. So, with statements like this, betting on Bitcoin for the long term, just like the USA, is a solid choice.

https://cryptobriefing.com/bitcoin-reserve-asset-following-trump/

Senator Lummis proposes the US Treasury to acquire 1 million Bitcoin over five years.
The strategic reserve aims to reduce national debt by half by 2045 and position the US as a financial innovation leader.

No, it isn't a good move... at least for me.

Getting 1 million Bitcoin would increase their power to manipulate the price of it. I don't think that the "Strategic Reserve Asset" promise by Trump would be beneficial to us investors. On the flip side though, we don't still know what the effects of this 5-year plan will be or will the Trump administration will fulfill it or can implement it. Now if they will really want to push this 1M Bitcoins in 5 years, it will only benefit them especially they're planning to use it to reduce their national debt. In short, they will buy 1M Bitcoins and that will decrease the circulating supply MASSIVELY, and after a few years or decades (depending on the situation), they will sell it all causing the price to go down massively (depending on how much they will sell and how often), and in the end, there will be somebody that will lose their money.

It's your opinion still, but for me, I don't like this plan of them TBH. There are way better plans for the administration to fulfill that would be beneficial for us investors. This one isn't the one that I see as beneficial to us.

[Marvell1]

3. When the price of Bitcoin rises to a very high position, its volatility will become smaller,...

Nonsense, where did you find this information, price is not the key factor for an asset to not become volatile. But mainstream integration in much broader way, global regulation, of course the increase of adoption in many countries. As long it can be manipulate by institutional investors and fomo comes bitcoin will be still and more volatile.

Well, if the US president can make it happen to start in the US then that's a very huge start.

Rising prices mean bitcoin capitalization will also increase and the larger the capitalization, the smaller the volatility. That is why we will no longer see bitcoin delivering thousand percent returns like in previous cycles. Or that's why bitcoin can't deliver bigger returns than some lower cap altcoins.

As what is happening, Bitcoin is trading at $80,000 and it can only give you x2 or x3 returns in this cycle, but lower cap altcoins can give you x10, x100 returns. You can't invest in bitcoin at $80k and expect to make 10x returns but with altcoins it's possible. But in return, the larger the capitalization, the safer it is, small capitalization will be able to gain large profits but the risk will be greater.
At some point bitcoin will become as stable as the stock market or as stable as gold but that probably won't happen anytime soon.

[icalical]

     If Trump fulfills his previous promise to establish a national reserve of Bitcoin and deregulate, perhaps Bitcoin will enter a new age.
     1. The United States' purchase of Bitcoin as a reserve will drive up the price of Bitcoin, while also driving other countries and large companies and financial institutions to buy Bitcoin, further pushing up the price.

I do think that the Trump’s plan for a Bitcoin reserve could bring a big shift, yet also not without its problems. Adding Bitcoin to US reserves could indeed attract much attention worldwide and possibly raise the value of Bitcoin. Yet, crypto remains highly volatile, and moreover, it is regulated in an unpredictable way. Today, that positions it as a more risky active for national reserves than traditional assets like gold. In the meantime, though some Bitcoin aficionados appreciate the fact that it gives them a hedge against inflation, economic experts say this heavy reliance on crypto will boost financial instability, especially if price fluctuations go wildly out of control.

[Lucius]

OMG! You’re STILL here spreading FUD?! Give it up, man! Trump is the man! Bitcoin is exploding because of his election! America has spoken loud and clear!

Should Mr.Donald also be credited for the pump after the halving in 2020 or 2016 or even before that? What is happening now would have happened anyway, as it has happened every time in the past. All of you who suffer from the big leader syndrome must always have someone to lead you by the hand - and every American who voted for that criminal really deserves to be "better" in the next 4 years - I can already see a big meeting at the top - Mr. Donald + Mr. Mars + Putler + Kim Jong Un and some other dictators.

[dzungmobile]

Should Mr.Donald also be credited for the pump after the halving in 2020 or 2016 or even before that? What is happening now would have happened anyway, as it has happened every time in the past. All of you who suffer from the big leader syndrome must always have someone to lead you by the hand - and every American who voted for that criminal really deserves to be "better" in the next 4 years - I can already see a big meeting at the top - Mr. Donald + Mr. Mars + Putler + Kim Jong Un and some other dictators.

It's easy to credit it to Donald but it is far from the truth. The market is where people "Buy the rumor, sell the news" and it's what it is in many decades with many markets, not only Bitcoin market.

Halving is a great even in Bitcoin market and the market starts its new bull run in a new cycle after (or around) a halving. I see that I can use another pump from Mr.Xi from China in a bear market for example.

Bitcoin Jumps 12% as China's Xi Embraces Blockchain

Years after that, China is still not too friendly with Bitcoin and cryptocurrencies.
https://newhedge.io/terminal/bitcoin/legality-map

[Ever-young]

     1. The United States' purchase of Bitcoin as a reserve will drive up the price of Bitcoin, while also driving other countries and large companies and financial institutions to buy Bitcoin, further pushing up the price.

Bitcoin no longer holds the same perception as before; it is no longer solely embraced by free individuals, for whom it was originally created, but is now also adopted by governments, both powerful and less so. If the United States establishes a strategic reserve, similar to Bukele’s approach, we are on the verge of an extraordinary phase for Bitcoin. It won’t be the same—no, it won’t.

This was never one of the plans for Bitcoin. We all need the value to go up over time, but we don't need the price to be easily manipulated because that's what's going to turn out to be the moment the US government starts buying and reserving bitcoin.
 
They will have big power over price control; buying it will contribute to increasing the price of bitcoin, and when ever they want to shake the market, news of planning to sell their holdings will dump the market. I don't think any Bitcoin enthusiasts will ever be in support of such. 
 
The way Bitcoin will be perceived will change entirely over time once the government starts taking it very seriously, like they do with other stocks and properties. Let them leave Bitcoin for institutional investors and individuals and focus on what they use as reserve gold, etc. It's not safe for too much power to control the price of Bitcoin to be in the hands of the government.

[Lucius]

It's easy to credit it to Donald but it is far from the truth. The market is where people "Buy the rumor, sell the news" and it's what it is in many decades with many markets, not only Bitcoin market.
~snip~

We cannot say that the election of the new US president has no effect on the price, considering that with his statements he has obviously won over the majority of investors in cryptocurrencies - but what is happening now would very likely happen sooner or later, considering that the price is being pushed up by the US based BTC spot ETFs.

Taking this into account, we can say that the current president and his policy are responsible for this, because spot ETFs were approved during his mandate, not during the mandate of Mr. Donald, who was president from 2016-2020 and who spoke at that time that BTC is a scam.

Now, one of his more important advisors is the famous Mr. Mars, who just recently sold the small part of BTC that his company had, out of a total of about 44 000 BTC that he once bought. It's a strange move from someone who supports a pro-BTC president, isn't it?

[Smack That Ace]

     If Trump fulfills his previous promise to establish a national reserve of Bitcoin and deregulate, perhaps Bitcoin will enter a new age.
     1. The United States' purchase of Bitcoin as a reserve will drive up the price of Bitcoin, while also driving other countries and large companies and financial institutions to buy Bitcoin, further pushing up the price.

I do think that the Trump’s plan for a Bitcoin reserve could bring a big shift, yet also not without its problems. Adding Bitcoin to US reserves could indeed attract much attention worldwide and possibly raise the value of Bitcoin. Yet, crypto remains highly volatile, and moreover, it is regulated in an unpredictable way. Today, that positions it as a more risky active for national reserves than traditional assets like gold. In the meantime, though some Bitcoin aficionados appreciate the fact that it gives them a hedge against inflation, economic experts say this heavy reliance on crypto will boost financial instability, especially if price fluctuations go wildly out of control.

If the US government really wants to use bitcoin as a strategic reserve asset, they will certainly find a way to control the price of bitcoin to their liking. Bitcoin is considered a volatile asset but that volatility is created by whales, the market makers so it is not too difficult for the government if they want to replace the role of these people.

The stock market is worth hundreds of trillions of dollars and they can also easily manage it, so with a small market like bitcoin, management and control is not too difficult.
In short, turning bitcoin into a reserve asset will have its pros and cons, so we need to observe the situation and find ways to adapt.

[fruktik]

Bitcoin no longer holds the same perception as before; it is no longer solely embraced by free individuals, for whom it was originally created, but is now also adopted by governments, both powerful and less so. If the United States establishes a strategic reserve, similar to Bukele’s approach, we are on the verge of an extraordinary phase for Bitcoin. It won’t be the same—no, it won’t.

And who will pass the law that will allow buying Bitcoin with taxpayers' money? Will Trump really do it? Is he a monopolist in power? Has dictatorship already arrived in America? Maybe I missed something? If this old man does something against the will of the citizens, he will be immediately impeached and goodbye to the presidential chair once and for all. In addition, there are 91 criminal cases against him. If he manages to serve out the rest of his term, then after that, most likely, prison awaits him.

[fikrett]

Bitcoin no longer holds the same perception as before; it is no longer solely embraced by free individuals, for whom it was originally created, but is now also adopted by governments, both powerful and less so. If the United States establishes a strategic reserve, similar to Bukele’s approach, we are on the verge of an extraordinary phase for Bitcoin. It won’t be the same—no, it won’t.

And who will pass the law that will allow buying Bitcoin with taxpayers' money? Will Trump really do it? Is he a monopolist in power? Has dictatorship already arrived in America? Maybe I missed something? If this old man does something against the will of the citizens, he will be immediately impeached and goodbye to the presidential chair once and for all. In addition, there are 91 criminal cases against him. If he manages to serve out the rest of his term, then after that, most likely, prison awaits him.

The reserves, as far as I know, are pushed up by a different person, however, only time will tell what will happen.
We are in for an interesting 4 years for sure.

[john_egbert]

     If Trump fulfills his previous promise to establish a national reserve of Bitcoin and deregulate, perhaps Bitcoin will enter a new age.
     1. The United States' purchase of Bitcoin as a reserve will drive up the price of Bitcoin, while also driving other countries and large companies and financial institutions to buy Bitcoin, further pushing up the price.

I do think that the Trump’s plan for a Bitcoin reserve could bring a big shift, yet also not without its problems. Adding Bitcoin to US reserves could indeed attract much attention worldwide and possibly raise the value of Bitcoin. Yet, crypto remains highly volatile, and moreover, it is regulated in an unpredictable way. Today, that positions it as a more risky active for national reserves than traditional assets like gold. In the meantime, though some Bitcoin aficionados appreciate the fact that it gives them a hedge against inflation, economic experts say this heavy reliance on crypto will boost financial instability, especially if price fluctuations go wildly out of control.

If the US government really wants to use bitcoin as a strategic reserve asset, they will certainly find a way to control the price of bitcoin to their liking. Bitcoin is considered a volatile asset but that volatility is created by whales, the market makers so it is not too difficult for the government if they want to replace the role of these people.

The stock market is worth hundreds of trillions of dollars and they can also easily manage it, so with a small market like bitcoin, management and control is not too difficult.
In short, turning bitcoin into a reserve asset will have its pros and cons, so we need to observe the situation and find ways to adapt.

I agree.
Adaptation should be our main strength.
However, would we be able to do something with the whales and stocks to flood BTC with funds, albeit probably with regulations intact? Unlikely, and I can't see what can be done by a common bitcoiner.

[FortuneFollower]

     1. The United States' purchase of Bitcoin as a reserve will drive up the price of Bitcoin, while also driving other countries and large companies and financial institutions to buy Bitcoin, further pushing up the price.

Bitcoin no longer holds the same perception as before; it is no longer solely embraced by free individuals, for whom it was originally created, but is now also adopted by governments, both powerful and less so. If the United States establishes a strategic reserve, similar to Bukele’s approach, we are on the verge of an extraordinary phase for Bitcoin. It won’t be the same—no, it won’t.

This was never one of the plans for Bitcoin. We all need the value to go up over time, but we don't need the price to be easily manipulated because that's what's going to turn out to be the moment the US government starts buying and reserving bitcoin.
 
They will have big power over price control; buying it will contribute to increasing the price of bitcoin, and when ever they want to shake the market, news of planning to sell their holdings will dump the market. I don't think any Bitcoin enthusiasts will ever be in support of such. 
 
The way Bitcoin will be perceived will change entirely over time once the government starts taking it very seriously, like they do with other stocks and properties. Let them leave Bitcoin for institutional investors and individuals and focus on what they use as reserve gold, etc. It's not safe for too much power to control the price of Bitcoin to be in the hands of the government.

Yeah, I too think it will end in no good for a common enthusiast, for example.
Because more attention from the government means more attempts to control the flow of BTC or how much of it is held by a single entity.
Or a multitude of entities that would be in good regard with govs.

[BALIK]

Bitcoin no longer holds the same perception as before; it is no longer solely embraced by free individuals, for whom it was originally created, but is now also adopted by governments, both powerful and less so. If the United States establishes a strategic reserve, similar to Bukele’s approach, we are on the verge of an extraordinary phase for Bitcoin. It won’t be the same—no, it won’t.

And who will pass the law that will allow buying Bitcoin with taxpayers' money? Will Trump really do it? Is he a monopolist in power? Has dictatorship already arrived in America? Maybe I missed something? If this old man does something against the will of the citizens, he will be immediately impeached and goodbye to the presidential chair once and for all. In addition, there are 91 criminal cases against him. If he manages to serve out the rest of his term, then after that, most likely, prison awaits him.

Initially, I thought the idea of ​​establishing a strategic reserve fund using bitcoin was a vague and unfeasible idea because of bitcoin's volatility. But not only Trump, but more and more US congressmen are proposing and supporting this idea and I am gradually changing my mind that this utopian scenario can happen right after Trump takes office. The future is unpredictable, let's wait and see if it happens, but I think it's possible.


Maybe you're a Harris supporter and you still have a hard time accepting the fact that Trump won.  . The election was fair and Harris has conceded, we don't need to try to badmouth him anymore when the election is over and he has become the 47th president of the United States.
I don't judge people by listening to one side, I judge people by relying on the crowd and I think the American people have a reason to choose him.

[john_egbert]

And who will pass the law that will allow buying Bitcoin with taxpayers' money? Will Trump really do it? Is he a monopolist in power? Has dictatorship already arrived in America? Maybe I missed something? If this old man does something against the will of the citizens, he will be immediately impeached and goodbye to the presidential chair once and for all. In addition, there are 91 criminal cases against him. If he manages to serve out the rest of his term, then after that, most likely, prison awaits him.

Initially, I thought the idea of ​​establishing a strategic reserve fund using bitcoin was a vague and unfeasible idea because of bitcoin's volatility. But not only Trump, but more and more US congressmen are proposing and supporting this idea and I am gradually changing my mind that this utopian scenario can happen right after Trump takes office. The future is unpredictable, let's wait and see if it happens, but I think it's possible.


Maybe you're a Harris supporter and you still have a hard time accepting the fact that Trump won.   . The election was fair and Harris has conceded, we don't need to try to badmouth him anymore when the election is over and he has become the 47th president of the United States.
I don't judge people by listening to one side, I judge people by relying on the crowd and I think the American people have a reason to choose him.

Trump is as unpredictable as the future itself - he is a wild card, and these elections got us the most pro-crypto US politicians into the governing chairs.
Everything is possible with such factors in mind  

[asriloni]

3. When the price of Bitcoin rises to a very high position, its volatility will become smaller,...

Nonsense, where did you find this information, price is not the key factor for an asset to not become volatile. But mainstream integration in much broader way, global regulation, of course the increase of adoption in many countries. As long it can be manipulate by institutional investors and fomo comes bitcoin will be still and more volatile.

Well, if the US president can make it happen to start in the US then that's a very huge start.

Well although am not certain of anything but it seems Donald trump's victory is also behind the massive price influence in the market and this was an action that was perceived even before the election. And an even greater influence would be made if the president is definitely friendly to Bitcoin and crypto at large as he has promised during his campaign which I believe also made some of the community over there to trust and vote him in.

Trump has lots of promises related to crypto, especially bitcoin. So, it pushed more demand to go to Bitcoin after he was elected as a new president. Also, Bitcoin's ETF trading volume has surpassed GOLD's. This shows the hype around Bitcoin now. He brings a lot of crypto pros to parliament. He also formed a new Department of Government Efficiency, which includes Elon Musk, one of big bitcoin holders to lead it. Also. the hype to add bitcoin as a strategic reserve is bringing hope to see bitcoin be on the same level as GOLD. It's nothing surprises if those factors pushed a significant increase on bitcoin's price.