Maybe Trump will bring Bitcoin into a new age

[Stepstowealth]

You are setting your sights high, I hope reality doesn't disappoint you. Not much will change without clear control of the House of Representatives and agreement among Republicans to pass policies, so if Trump wants to make a change he will need the support of most of society, this society still does not accept Bitcoin as a payment tool, so how will it accept it as a reserve (assuming Trump wanted that)

I think this guys are over expecting from Trump and this could lead to a very disappointing situation.

The trend of post in the forum about the expectations from Trump could end very disappointing just as you have said, and then maybe the new trend will be about how he dissapointed us. I like that Donald Trump has taken back power in the United States but I'm trying not to over expect anything from him because politicians sometimes are all the same so I'm looking forward to the next four years of his tenure with an open mind towards the growth of cryptocurrency. I am sure that within this time we will have another thing that is even greater than the election of Donald Trump and will have better effect on the value of Bitcoin.

[Jawhead999]

Don't really think it was caused by Trump, because it was been started by centralized exchanges that hold a lot coins from their customers. If an article projected Trump will acquire 5% of Bitcoin's total supply, centralized exchanges have acquired 10% of Bitcoin's total supply.

Anyway, does this mean if Kamala Harris elected as US president, Bitcoin would be better with her? I speculated Bitcoin price would fall if she was elected and people will speculate she might ban Bitcoin, which is sounds not as good as Trump, right?

[stompix]

For example. The BRICS countries hope to get rid of the US dollar and use their own currency for settlement, but they cannot reach a consensus. Russia once exported arms products to India and received Indian rupees, but they found that no country was willing to accept rupees. If the contract is settled in Bitcoin. Russia can use the Bitcoin received from India to buy the products it needs from China or North Korea.

You see, this is the problem everyone chnatting for the death of the dollar is not understanding, basic economy!

You have a country not willing to accept rupees, but you say everything will be fixed if the said country would pay in Bitcoin, but for that, they will need to buy Bitcoins with rupees, and surprise you're back at square one cause nobody will sell you for it or it will demand more and more, the exact scenario that happened in the Weimar Republic.

Morons can gulp down propaganda about depolarization all they want, but the reality is present even here, on this forum:
https://bitcointalk.org/index.php?board=52.0

Go to the link above in the service page, count the number of services in $, the ones in yuans, and the ones in rubles, then add the ones in everything other than dollars and you will get the chances of de-dollarization happening, which is exactly zero!

It really pisses all of these people off that it's going to be Trump who is going to lead bitcoin to glory.

And make Mexico pay for it also, right?  

[famososMuertos]

It is tedious to put the name of a politician, any one, as a flag of spear, and in any case why should a politician have that capacity... if it is necessary, of course, yes,  we live in strict financial regulations established, but the question is when the community will take it to the next level... when the average citizen will wake up and will not be thinking that we need a politician for that...

Everyone users (bitcoiners) who thinks; what he can do DT, only thinks about his individual benefit of believing only in seeing the millions arrive... it is fine, but that is really the objective, I have not yet met any classist politician behind any revolution, unless it is for his interests.

[HelliumZ]

Bitcoin has only been on an upward trend since Donald Trump was elected president. If Donald Trump's positive comments about Bitcoin come true, then Bitcoin will surely enter a new era. Moreover, before Donald Trump was elected president, Bitcoin's highest ATH was $73000, but now since Donald Trump's election, Bitcoin has created new ATH and Bitcoin's highest market has exceeded $77k. Therefore, investors strongly believe that Donald Trump can take Bitcoin to a new milestone if he wants to.

[legiteum]

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.

Please do not be so dramat, the US is using ETFs to do what you are assuming. It has been already done and it is working for them.

ETFs are bought by individual US citizens voluntarily. The reserve is about using compelled taxpayer money to pump the price of Bitcoin artificially. Completely different.

[Woodie]

Last time out Trump was POTUS, forex markets were so volatile every time he tweeted something and I don't see this stopping because it's the man's character...

And I hear his involved with some other altcoin which will kind of compete with Bitcoin which means... he supports crypto just like he campaigned but while at it hurts BTC honestly expect markets to be everywhere,  today bullish, following week we in red ,the other week ranging..anyway without any prejudice let's see how this goes once his sworn in

[Ojima-ojo]

Bitcoin market have not recovered from the positive impact of Trump victory at the poll, and even with the level of awareness that he created for Bitcoin during his electionaring a d campaign, all this have given Bitcoin a positive outlook, that alone is enough support for Bitcoin.

All the while, we have anticipated another Bitcoin bull run, and with the help of this election we have recorded that, so regardless whether Trump buy Bitcoin directly for government reserve or even personal storage all that is just a mere investment and will not really control the price or Bitcoin market movement.

[Rabata]

Trump endorsed Bitcoin in his campaign. He understands how popular Bitcoin is today and where it can go in the future. Undoubtedly supporting Bitcoin, the price of Bitcoin has reached its highest level in the past few days and this trend is expected to continue. However, any decision to buy Bitcoin for use as a national reserve would help boost Bitcoin's price temporarily, but it would definitely have a negative effect in the long run. America's economy is so strong that if they were to use Bitcoin for specific purposes, the future would be so good. Because when the US buys Bitcoin the price goes up and when they sell the price goes down.

Doing something like this could leave control of Bitcoin in the hands of a particular country and divert its use from its intended value. As a Bitcoin fan I support Trump. I think Trump will definitely be supportive of Bitcoin use in the United States but doesn't want any restrictions that don't threaten Bitcoiners in the long term.

[iBaba]

ETFs are bought by individual US citizens voluntarily. The reserve is about using compelled taxpayer money to pump the price of Bitcoin artificially. Completely different.

I heard Donald Trump is planning to make bitcoin as one of their financial reserves for the united states. How true and feasible can that be. Does it also mean that under the new administration of Donald Trump, Bitcoin will become a legal tender? I have the feeling that a time will come when bitcoin will be made a legal tender in countries like United States.

[Synchronice]

     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.

That will be the stupidest thing to happen in a recent history. The USA buying Bitcoins? C'mon, the USA is not El Salvador. The USA affects the whole world, one tiny mistake and their empire will fall down. Why should they invest in coin that's easily manipulated at the moment? One post from Elon Musk destroyed Bitcoin 4 years ago and I believe it's still that vulnerable.

     4. Bitcoin may become a tool for inter-country payment. This is very important. For example. The BRICS countries hope to get rid of the US dollar and use their own currency for settlement, but they cannot reach a consensus. Russia once exported arms products to India and received Indian rupees, but they found that no country was willing to accept rupees. If the contract is settled in Bitcoin. Russia can use the Bitcoin received from India to buy the products it needs from China or North Korea. To achieve this scenario. Bitcoin must be maintained at a stable high level. And it must be recognized by most countries. The BRICS countries want to create their own digital currency. In my opinion, this idea is difficult to achieve due to the different demands of all parties. Satoshi Nakamoto invented Bitcoin without selfish motives, which is the most fair to all parties. Early Bitcoin advocates tried to promote the use of Bitcoin for daily payments, but this is purely a game and very inefficient. Bitcoin is only viable in large payments.

BRICS countries trade with billions of dollars with each-other. Do you know how many billions are traded every year between these countries? You shouldn't imagine one trade, you should imagine multiple trades, it's like a chain. Will they be able to exchange thousands of Bitcoins every day? This is a very hard scheme, Bitcoin is volatile and if BRICS uses Bitcoin, with a good strategy they can easily be liquidated if the USA succeeds to ruin Bitcoin's price. Also, with whom are they going to trade Bitcoins? They have to exchange it, right? They won't be able to exchange it with West. I have so much to write but it will take so much time, but one thing is clear, Bitcoin is not a tool for global payments and at the moment, it's not a good opponent of gold for storing world wealth.

[terrific]

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.

It will definitely drive the prices up, we even heard news about German dumping their bitcoins and then the market dumped as well. So, if as big as the US government starts to buy Bitcoin, it will surely drive the prices not because they're buying but because believes what they do is the driving force for the demand to get higher and so as everyone will feel obliged to ride on that hype.

[Churchillvv]

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.

Please do not be so dramat, the US is using ETFs to do what you are assuming. It has been already done and it is working for them.

ETFs are bought by individual US citizens voluntarily. The reserve is about using compelled taxpayer money to pump the price of Bitcoin artificially. Completely different.

In other words manipulate bitcoin price to the US government favour if possible.
Knowing the US government already they will even tax bitcoin users more for using bitcoin.
Trump brought artificial pump that I don't think will hold for long and his promises for me doesn't change anything except folks who never trusted bitcoin in the first place or those who saw bitcoin as a Ponzi scheme till now, hence take it a bit serious just for a temporary benefit of the bullish season and the guarantee they expect from Trumps promises.

[hyudien]

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

I don't know why are you so surprised, he just said what probably 90% (and I am being optimistic) of those who own bitcoin think & hope for.

Majority of people don't give a fuck about anything that bitcoin stands for and all they are interested is in "price going up".

You are right these days everyone only cares about wanting to see the 100K that is being talked about everywhere. I don't think that is bad but back to the goal and the things Satoshi stood for are now being pushed in the opposite direction as government agencies, corporations, etc try to control the remaining bitcoin. What does 100K mean if we lose the essence of Bitcoin.

[o48o]

-cut-
It really pisses all of these people off that it's going to be Trump who is going to lead bitcoin to glory.

This is what he said about bitcoin, or "crypto".

If crypto is going to define the future, I want it to be mined, minted and made in the USA

Explain what he meant, if you think he understands how "crypto" works. And how is that glory? If you think it means that USA should control the mining, then why in the earth he is putting 60% tariffs for a country that us is getting most of their mining components from? If anything, he probably wants someone to make some new maga-bitcoin, that's being controlled by trump family. Because that would fit the profile.

[pooya87]

A strategic reserve! They directly or indirectly hold the largest reseve of Bitcoin by a nation. They as in the government has been pumping the price of Bitcoin. It is evident on how Bitcoin created new ATH after Trump was declared as the next 47th President of the country.

Are you talking about seized coins? That is not the same as reserve though.

As for the ATH, it is just market manipulation during certain positive/negative news. You can't really attribute that to the recent result of US elections. Not to mention that the rise was a very small one by bitcoin market standards (from about $73k pre election to $77k which is like 5%).

[Japinat]

As for the ATH, it is just market manipulation during certain positive/negative news. You can't really attribute that to the recent result of US elections. Not to mention that the rise was a very small one by bitcoin market standards (from about $73k pre election to $77k which is like 5%).

This is just the beginning, and I wouldn’t call it market manipulation. It’s more likely that smaller investors are just riding the hype. A 5% increase might seem small, but with big capital, that’s already a solid return, way better than what banks give on deposits. Trump even shared his Bitcoin plans, saying he’d make it part of the national reserve. If that’s being realized, it would legitimize Bitcoin even more, especially since the U.S. has a huge influence globally.

So, here’s how I see it: right now, these are just plans, but we’re betting on the future, hoping these plans turn into reality. If they do, it’ll drive Bitcoin’s price up, boosting its value and overall acceptance. It’s all about steady improvements that’ll lead to an even stronger Bitcoin.

[Darker45]

To a certain extent, it's indeed Trump, his pronouncements of support in particular, that greatly influenced the recent surge in price. Furthermore, it's his victory that somehow added more optimism. That man's running for president in the most powerful country of the world and he's publicly expressed his support for Bitcoin, and now he's claimed victory. At the very least, or so it's hoped, Bitcoin's adoption is assured of smooth sailing, that it would face minimal regulatory hurdles.

However, lest it's forgotten, Trump is more supportive of the USD than Bitcoin. He's more loyal to his nation's fiat currency. He's more bullish of it. And he'll certainly prioritize it over Bitcoin. He'll make sure USD's global relevance, dominance, power are restored and intensified more than he makes sure Bitcoin adoption grows.

[bettercrypto]

If Trump really fulfills the words he left during the election campaign, it will really give positive results to all the bitcoin communities and help raise its price even
in its usages for people who believe. and trust it.

But if he doesn't keep the promises he made, it won't be good either, and the communities that trusted and believed in him will be disappointed.

[davis196]

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.
     2. All spot, futures and options transactions of Bitcoin are liberalized, and the market can influence the exchange rate through Bitcoin transactions.
     3. When the price of Bitcoin rises to a very high position, its volatility will become smaller, and Bitcoin will be more conducive to trading and hedging. Its use value is prominent.
     4. Bitcoin may become a tool for inter-country payment.

1.This has already been discussed before. It's a dumb idea.
2.I don't know what exactly do you mean by "spot, futures and options transactions of Bitcoin" being liberalized? Aren't they liberalized already? I'm not the biggest fan of BTC futures and options trading, but who cares.
3.When the price of BTC becomes too high the increased amount of transactions leads to higher transaction fees, which kinda helps in slowing down any big price growth. The idea of a higher BTC price causing less volatility hasn't been proven and it never will be.
4.Nope. That's not going to happen. Even the biggest BTC fanatics and maximalists don't believe that Bitcoin is ever going to accepted by any big government as a payment method.