Maybe Trump will bring Bitcoin into a new age

[danadc]

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.

If the big guys buy, what should the small guys do ? Buy without hesitation, because the US government is going all in on BTC, and the price will rise very quickly. Now, would you like to see those Economists who are anti-BTCwho always spoke badly and said that BTCwas a Bubble?

Yes, we have to take advantage of it Those who don't take advantage of what is predicted to happen are really lacking a lot.

Many here focus on the "essence of BTC" but BTC is so big that it has already taken on the ideas of a speculative market. It will never lose its essence , on the contrary , it will take on great value.

[Abiky]

     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.
     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. 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.
     5. Most Bitcoins will be concentrated in the hands of countries, large companies, financial institutions and wealthy people for value preservation and transactions. The degree of concentration exceeds that of gold, so that few people can own a complete Bitcoin. Early Bitcoin investors can deposit Bitcoin in reputable financial institutions to obtain stable returns.

Maybe. That's a BIG maybe. Especially when politicians are known to move away from their promises once they get elected. If Trump proceeds as planned, the US will position itself as the leading force of the crypto/Blockchain industry. Other countries will copy it and establish Bitcoin reserves of their own. They're just waiting for the largest superpower in the world to make its move.

A very bright future awaits for Bitcoin as a Gold alternative. Maybe even Fiat if governments make it their official currency. A "hyperbitcoinized" world will surely decentralize the economy. BTC is so close towards reaching the $100k milestone. Maybe the next target is $1m? I can't wait for that to happen. Just keep "hodling" and forget about the rest.

[Minor Miner]

A very bright future awaits for Bitcoin as a Gold alternative. Maybe even Fiat if governments make it their official currency. A "hyperbitcoinized" world will surely decentralize the economy. BTC is so close towards reaching the $100k milestone. Maybe the next target is $1m? I can't wait for that to happen. Just keep "hodling" and forget about the rest.

Bitcoin could be an alternative to gold as a store of value or a more potential investment. But I don't think the government will legalize bitcoin as a legal currency, use it to replace fiat and make the economy decentralized. The economy would quickly collapse if it became decentralized and lost government control, I don't want that to happen just for bitcoin to become popular as a currency. Not everything that becomes decentralized and out of control ends well, sometimes centralization is necessary in some areas.

If Trump keeps his promise and makes bitcoin a strategic reserve, the $1 million per bitcoin goal will not only become a reality but will come sooner than we think.

[fruktik]

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.

No, I am not a Harris supporter, but I don't like Trump either. I have already written several reasons why I don't want to see this person as president. Yes, of course, to each his own, and I also don't want to judge this person's supporters. They made their choice and that's great. What's great is that he exists. In my country, power has been seized by a dictator who has grabbed his seat with his teeth and is not going to leave office until death takes him or something happens that will facilitate this.

Of course, the idea with Bitcoin is quite good. I will not argue with that. I will watch how Trump fulfills his campaign promises. A person is judged not by words, but by deeds.

[GingerWallet]

Donald Trump's reelection as President of the United States could have significant implications for Bitcoin and the broader cryptocurrency market. His administration’s policies and approach to innovation may create opportunities that further legitimize and advance the adoption of digital currencies.

Improved Regulatory Environment
One of Trump's key promises involves simplifying and making cryptocurrency regulations more favorable. The current regulatory framework is often unclear and restrictive, deterring investors and companies from fully engaging with cryptocurrencies. A friendlier regulatory environment could boost confidence in Bitcoin and encourage broader adoption.

National Bitcoin Reserve
During his campaign, Trump floated the idea of establishing a national Bitcoin reserve. This move would give Bitcoin substantial legitimacy, reinforcing its role in the global financial system. Creating such a reserve would likely increase demand, positively impacting Bitcoin's value.

Positioning the U.S. as a Crypto Hub
Trump has expressed ambitions to position the United States as the global leader in cryptocurrency innovation and adoption. This initiative would attract crypto companies and investors, fostering an ecosystem of innovation and economic growth. Within such a favorable environment, Bitcoin could see increased mainstream use and acceptance.

Increased Investor Confidence
Policies that favor cryptocurrencies and blockchain technology are likely to enhance investor confidence. Institutional investors and major corporations may become more open to integrating Bitcoin and other cryptocurrencies into their portfolios, leading to greater market liquidity and stability.

Driving Technological Innovation
A crypto-friendly administration could encourage advancements in blockchain technology and cryptocurrency-related innovation. New applications and services stemming from these developments would enhance Bitcoin’s utility and value in various sectors.

Global Influence and Leadership
If the U.S. under Trump were to embrace Bitcoin more openly, it could influence other nations to follow suit, potentially setting off a wave of regulatory reforms worldwide. This could strengthen Bitcoin’s position as a global asset and currency alternative.

Summary
Donald Trump's reelection and his administration’s positive stance on cryptocurrencies present multiple opportunities for Bitcoin’s growth. A favorable regulatory environment, the establishment of a national Bitcoin reserve, positioning the U.S. as a global crypto hub, increased investor confidence, and fostering technological innovation are just some of the ways Bitcoin could benefit. These developments could not only enhance Bitcoin’s role in the financial system but also ensure its long-term success as a digital asset.

🌐 Visit us: https://gingerwallet.io
💬 Join the conversation: https://t.me/GingerWallet

[Abiky]

Bitcoin could be an alternative to gold as a store of value or a more potential investment. But I don't think the government will legalize bitcoin as a legal currency, use it to replace fiat and make the economy decentralized. The economy would quickly collapse if it became decentralized and lost government control, I don't want that to happen just for bitcoin to become popular as a currency. Not everything that becomes decentralized and out of control ends well, sometimes centralization is necessary in some areas.

If Trump keeps his promise and makes bitcoin a strategic reserve, the $1 million per bitcoin goal will not only become a reality but will come sooner than we think.

Wasn't Bitcoin's motto "fix the money, fix the world"? Then how come decentralizing the economy will ruin it all? On the contrary, separating money from the state will help us be free from central banks' draconian policies. They won't be able to print money at will like they used to do with Fiat. It's just that governments don't want to give up control by surrendering Fiat currencies in favor of Bitcoin.

What Trump will only do is make an strategic Bitcoin reserve. That's if he keeps up with his promises. If El Salvador didn't abandon the USD in favor of BTC (even though BTC was made legal tender), what makes you think other countries will? With Bitcoin's limited transaction capacity, don't expect it to be used as digital cash ever. It's fine as a store of value. Next goal is to surpass (or replace) Gold's market cap. Who knows how many years will it take for this to happen?

[RockBell]

Bitcoin could be an alternative to gold as a store of value or a more potential investment. But I don't think the government will legalize bitcoin as a legal currency, use it to replace fiat and make the economy decentralized. The economy would quickly collapse if it became decentralized and lost government control, I don't want that to happen just for bitcoin to become popular as a currency. Not everything that becomes decentralized and out of control ends well, sometimes centralization is necessary in some areas.

If Trump keeps his promise and makes bitcoin a strategic reserve, the $1 million per bitcoin goal will not only become a reality but will come sooner than we think.

I don't think the government will allow for bitcoin to be legalize and if to replace gold is going to be very hard because if you look at gold its recorgniced all over the world and most countries use it as a foreign reserve and countries like us that I know of since they can not use their own currency to be in their own foreign reserve so the idea of using gold is actually a brilliant one, just that is not all countries that can afford to use gold as their foreign reserve.

And people are trusting trump a lot when it comes to making decisions for bitcoin and that is one of the reasons that people wanted to elect him, because they wil do everything possible to elect someone that will put the intrest of bitcoin first. And that is why trump was selected and both centralized and decentralized they both have their disadvantages so it is left for which one anyone is comfortable with.

And it will be difficult for trump to accomplish that I don't think they will accept bitcoin as reserve after they have been using gold for ages now so bitcoin can be accepted but for it to be a foreign reserve is going to be a very hard string to pull.

[Justbillywitt]

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?

Well unlike the oil, bitcoin is limited in supply and everyone is open to benefit from whatever you think the US government might be doing to manipulate the price of bitcoin in the future. The level of monopoly they have in the oil sector, they can't have that in bitcoin. By the way the US government won't be the first or last to try to manipulate the price of bitcoin. Many organisations and people have tried that in the past, yet bitcoin has managed to keep making new ATH. So even if they choose to be selling when the price of bitcoin is high, that alone can't determine that US government will have control over the price of bitcoin.

[GeorgeJohn]

The thing is that nobody knows what Donald Trump will they do in the Favor of Bitcoin but since it's just emerged as the president of United States of America we are seen a positive change in Bitcoin, so that is why I do believe that Bitcoin will have a good record within this 2024 and the 2025 but assuming it is the other group that emerge as a present of United States of America I think by now the reduction in price of Bitcoin would have started but we know and for now Bitcoin bitcoin will hit to our expectation in price

[alastantiger]

     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 don't want the US manipulating the price of Bitcoin, I don't want the government having anything to do with Bitcoin. When US start purchasing Bitcoin, it'll bring other countries in and it might take out the retail investors from the control market because we wouldn't be able to afford the quantity the US government and others are buying. President Donald Trump has good intentions for Bitcoin but he shouldn't overdo things before it gets out of hand. He should be mindful of the people he's surroundings himself with because this people mightn't means well for things that they're telling him but after making profit for their own interest. Everyone is being very optimistic about president Donald Trump adminstrative and I hope it lives up to the expectations because anything different is going to be bad for the markets and bring doubts for the next politician in support of Bitcoin.

[tread93]

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 that Bitcoin is slowly winning over even its hardest critics and it will be very evident when we see the US tax gains get eliminated for capital gains tax on crypto, which is so epic and bullish!!

[Flexie80]

I think Trump will do great for crypto. To the moon he said!

[TheUltraElite]

1. Bitcoin will or already has been bought by countries that know its potential for reserves - maybe we dont know about it already but we can assume it to be true. Therefore whatever Trumps does is not important, rather we should increase our stack.

2 and 3. Market price will depend on demand-supply but 1BTC will be 1BTC always. The objective was never to get a market that has huge price in fiat for bitcoin but for using bitcoin for payments.

4. LOL India? This country is against bitcoin from its core and I dont think it will change anytime soon. The nutheads running the governments here like to go backwards in civilization.

5. Dont get the idea of what good that will bring? I would not hand over my coins to anybody saying that they will give a return.