Donald Trump Confirms Bitcoin Reserve Plans

[suzanne5223]

I am glad Donald got elected again. Imagine how disastrous it would be if it was Kabala. The US is again leading the world like they used to thanks to Donald J Trump. When they add bitcoin to their national reserves, the other countries will have to follow their lead or else they’ll left behind the race. That kind of action will bring bitcoin price to the multimillion dollars. Even $1 million looks like a conservative guess now.

I was happy he got elected either but we seem not to understand the main reason behind President Donald Trump's enthusiasm toward Bitcoin is Steve Bannon (President Trump's Ex-chief strategist advisor) who goes against him (President Trump), saying ‘Bitcoin has a big future’ or for we have forgotten that years ago when Trump was President he didn't do anything that favored BTC.

In the meantime, it's a good thing we see someone like you who brings the world's attention toward crypto by adding BTC as a national reserve.

[nelson4lov]

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[...]

How does Decentralization goes down? Bitcoin is decentralize. Explain ...

Brother, with that much stash of bitcoin, the US can make powerful economic moves that can alter the decentralization of the network. This is only in theory as we are yet to have a full-on scale attack to alter decentralization so far. It is not new that US will want to lay claims to the network and might resort to other means to do it.

It's similar to how there are downsides if a major player accumulate so many Bitcoins. Only this time, it's the US government at play.

[Huppercase]

There are always pros and cons to anything governments do. Governments are either going to embrace bitcoin or shun it. I would rather they embrace it.
Better to have nuclear powers like US, China and Russia competing to accumulate bitcoin than engaging in World War 3 with each other.

The fiat money system inevitably leads to war. Bitcoin can break that cycle.

The fact that Bitcoin has been pumping like it's not going to stop very soon is what will make Bitcoin even more interesting. A lot of people including want Bitcoin as national reserve for a country that has many times look away from Bitcoin but all of a sudden a new sheriff in town says there will be a safe place for crypto which I believe that too but you see that reserve, that's where I personally draw the line, to me that reserve might just be a booster for this bull run.

The gold that is been used as reserved is there with the government, if really the government want to pump it like Bitcoin, they can do it and nobody will suspect them of such but they choose to leave it that way. If they control Gold price like they want, if Bitcoin get adopted all this Blackrock and Michael Saylor effect will no longer be effective and wouldn't be free market anymore, I'm not sure if everyone likes such idea about Bitcoin adoption by the government, regulations is imminent.

[nelson4lov]

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Putin most likely has a large number of these Bitcoins. That's why he has such rhetoric on this issue. It seems to me that he has many crypto wallets to hide his money from the public. After all, he is a dictator, and they are all the same. Like a carbon copy.

Well, nobody can know if this is true or not. We can only make speculations about it and you never can tell, You might just be right.

Even if he doesn't have a personal stash (which I doubt), Russia would still have Bitcoin from seizures, I'm sure.

Yes, Trump is great in this regard. He knows how to add wood to the fire, which has flared up well in recent weeks. If the adoption of the reserve does happen, the price will fly to the $ 150k mark.

If US does pump in those billions, a mere 50% move won't cut it. I reckon we're going to go a lot higher because other countries will see it as a power play and follow suit.

[Ambatman]

I think it is now the best time to buy some in anticipation of these kind of statements because we will never know how it's going atleast we are ready for that surge. Not only Trump has an interest on Bitcoin but also some other countries especially those that are affected by sanctions so this might give us hint where we're heading.

the News had a positive increase in polymarket to around 35% that Donald Trump will follow his words and implement the policy within 100 days.
With such news around the corner, this month could be the cheapest we might see Bitcoin for a while or ever.

It may be bullish for the market for the time being but I wouldn't call it a positive thing overall and I'm afraid we will have to face it in the future when the US government starts manipulating the market in order to earn profit to cover their gaping budget deficit...

Short term benefit and Long term as the opportunity cost.
People are used to been more interested in the Now than later.

[o48o]

I am glad Donald got elected again. Imagine how disastrous it would be if it was Kabala. The US is again leading the world like they used to thanks to Donald J Trump. When they add bitcoin to their national reserves, the other countries will have to follow their lead or else they’ll left behind the race. That kind of action will bring bitcoin price to the multimillion dollars. Even $1 million looks like a conservative guess now.

That's not how countries usually work though. They don't risk their citizens money by investing into something so speculative. Most of the time leaders are also accountable for their actions to citizens, so they won't make risky moves where they might win or lose their money. Just like they aren't using their budget by putting it all in red, just because odds of doubling it are almost 50%.

This is not a space race 2 of some kind either. Most of the people in this planet see trump's actions as reckless, because most people are not interested to join in a crypto race in the first place. People have other priorities outside of crypto bubble. And we don't even know if there will be blowback from this, that next US president wants to undo.

[finaleshot2016]

.

This will open more opportunities now especially to people who trusted first before the recognition of trump to btc. The addition of more potential would increase the growth of Bitcoin that's why it's quite promising. The thought about establishing a "strategic Bitcoin reserve" will surely add prestige to Bitcoin by projecting that it is getting in a phase of its real-life recognition as an alternative financial instrument. This could also give confidence to early adopters who supported Bitcoin before such political backing, which may take the market to new heights.

I hope everything will happen soon and will be successfully implemented, really excited on what BTC can do more especially having its own global adaptation.

[Popkon6]

Donald Trump has announced a Bitcoin reserve, which is the biggest news for Bitcoin holders and those connected to Bitcoin. However, they did not mention how much Bitcoin they will deposit, but Donald Trump I think he will hold enough Bitcoin on his behalf. Due to the current situation, the price of Bitcoin has had some impact, due to which the price of Bitcoin has created a new record today.
This good news from Donald Trump will make big investors and various institutions want to hold more Bitcoin and thus the price of Bitcoin will rise further, which will reach an all-time high this season.

[ajiz138]

I am glad Donald got elected again. Imagine how disastrous it would be if it was Kabala. The US is again leading the world like they used to thanks to Donald J Trump. When they add bitcoin to their national reserves, the other countries will have to follow their lead or else they’ll left behind the race. That kind of action will bring bitcoin price to the multimillion dollars. Even $1 million looks like a conservative guess now.

Bitcoin investors will be happy with this news with Donald Trump being elected President.
Adding bitcoin as a state reserve makes the price bullish next year, moreover this has been confirmed according to the news it is not impossible if bitcoin rises another 5x from now on.
The point is happy with this news, and just today I saw Bitcoin ATH again to $105,000 a sign of bullishness again.

[ChiBitCTy]

https://www.forbes.com/sites/digital-assets/2024/12/14/trump-confirms-bitcoin-reserve-plans-15-trillion-price-boom-predicted/

This may be the biggest news of all for the Bitcoin market. US President Donald Trump has adopted Bitcoin because before Donald Trump won the election, the price of Bitcoin started to increase at a rocket speed and still the price of Bitcoin continues to increase. The Bitcoin Reserve Plan that he has now confirmed is positive for the Bitcoin market and will be bullish for Bitcoin.  Trump told CNBC in an interview that they are going to do great things with crypto because they don't want China or anyone else. Maybe that's why they confirmed the Bitcoin reserve plan.

Trump told CNBC in an interview:

Well currently bitcoin is at an all time high and I'm wondering how much this story has to do with it.  Of course it's a big freaking deal if this does come to fruition, but politicians seem to have a difficult time keep their word when they do end up in office.

Whether this makes sense economically or not I haven't made up my mind but I guess there's on thing hardly anyone would debate and that all this is actually pretty damn exciting.                                                                                                                                                     
                                                                                                                                                                                                               
                                                                                                                                                                                                           
                                                                                                                                                                                                           
                                                                                                                                                                                                           
                                                                                                                                                                                                           

[LogitechMouse]

While many sees this as a good sign, this decreases the decentralization of Bitcoin because of the fact that there are a few people holding huge amounts of it.

Institutions are joining, which is inevitable, and now the US government is joining the mix as well. Yes, the price will go up in price but for us retail investors, it will be much harder for us to buy some Bitcoins. Another one is, we might see a huge market manipulation in the future. I mean they can just do it whenever they wanted to because they're holding so much Bitcoin. They can say that we will be holding these Bitcoin for X number of years, but they can just break it anytime and say some shitty reasons for selling it causing for some investors to lose money.

Let's not forget the fact that investing in crypto is like a battlefield and in order to make some money, you need huge weapons, and that weapon is money. You need huge sum of money to manipulate the market, and that's what's these institutions and the government are doing right now. At the end of the day, they will think about profit, and they will sell it anytime they want. Well, Bitcoin reached another ATH as well at $107,000 just a few hours ago so... yeah it seems like this news is bullish for investors.

[CryptoBuds]

While many sees this as a good sign, this decreases the decentralization of Bitcoin because of the fact that there are a few people holding huge amounts of it.

But the question is, do we have any solution to prevent them from getting involved in bitcoin? If we can't prevent them, we should ignore the negatives and look at the positives to make the most of what we can.
More importantly, do we really care about the decentralized nature of bitcoin as we say or just the price of bitcoin?

Institutions are joining, which is inevitable, and now the US government is joining the mix as well. Yes, the price will go up in price but for us retail investors, it will be much harder for us to buy some Bitcoins. Another one is, we might see a huge market manipulation in the future. I mean they can just do it whenever they wanted to because they're holding so much Bitcoin. They can say that we will be holding these Bitcoin for X number of years, but they can just break it anytime and say some shitty reasons for selling it causing for some investors to lose money.

Basically, Bitcoin has been manipulated by whales since the early days and that is why it is so volatile, and what is the difference between government and whale manipulation? Why are we not afraid of whale manipulation but afraid of government manipulation?

Let's not forget the fact that investing in crypto is like a battlefield and in order to make some money, you need huge weapons, and that weapon is money. You need huge sum of money to manipulate the market, and that's what's these institutions and the government are doing right now. At the end of the day, they will think about profit, and they will sell it anytime they want. Well, Bitcoin reached another ATH as well at $107,000 just a few hours ago so... yeah it seems like this news is bullish for investors.

The nature of the financial markets is that there will be winners and losers, and those with money and power will always benefit the most in this market.

[yudi09]

It is necessary for Trump to take the right steps in organizing the American economy. No exception, other big countries also need to take precautions. This is not because of the collapse of the dollar or their respective fiat currencies, but about efforts to anticipate unwanted things happening to the world economy. Bitcoin is the best alternative and in the history of the economy there has been a time when Bitcoin, which is not affected, can actually be the best choice.

[Lucius]

I'd say it is positive, but as others have mentioned, we're now entering an era where governments are interested in participating in the game. And since governments are the entities held responsible for most adversities humanity has ever witnessed, I wouldn't be so optimistic for the end result.
But I'd be bullish on the price, yes.

They have mechanisms for enacting laws and tools for implementing them - the mission is to make BTC less decentralized than it is today. The plan is as follows:

- buy as much as possible and convince allies to buy as much as possible.
- put as many mining farms as possible under control and legally oblige them to filter all transactions.
- seize as much BTC as possible on all possible grounds.
- discourage people from using BTC as a currency or even make it illegal.

However, if all this results in a crazy jump in price, there are few who will object, right?

[betswift]

I'd say it is positive, but as others have mentioned, we're now entering an era where governments are interested in participating in the game. And since governments are the entities held responsible for most adversities humanity has ever witnessed, I wouldn't be so optimistic for the end result.
But I'd be bullish on the price, yes.

They have mechanisms for enacting laws and tools for implementing them - the mission is to make BTC less decentralized than it is today. The plan is as follows:

- buy as much as possible and convince allies to buy as much as possible.
- put as many mining farms as possible under control and legally oblige them to filter all transactions.
- seize as much BTC as possible on all possible grounds.
- discourage people from using BTC as a currency or even make it illegal.

However, if all this results in a crazy jump in price, there are few who will object, right?

"US-made BTC" tweet posts are ringing a whole other bell if thoughts are going in that direction.
Indeed, and even if somebody would object to such a development - who would be able to stop it?

[BlackHatCoiner]

They have mechanisms for enacting laws and tools for implementing them - the mission is to make BTC less decentralized than it is today.

They had the opportunity to enact and implement all these anti-bitcoin laws, but they didn't, and for good reason. These laws are terrible, from a game theoretical point of view. Censorship at a mining level has not worked out. It's not viable. What are you going to do? Make all US mining pools censor according to some standard of yours? What about pools that belong outside the US? For censorship to be effective you have to reorg the chain at some point, or more accurately, attack the network. This is obviously not worth it, for a mining pool.

I'm more afraid about tax issues. If they can't stop the network, then they'll probably want to acquire as many bitcoin as possible. There's only one way for the government to acquire capital; to steal it. On the other hand, that gives advantage to other countries to become tax heavens for bitcoin.

[hero_the_bossman]

They have mechanisms for enacting laws and tools for implementing them - the mission is to make BTC less decentralized than it is today.

They had the opportunity to enact and implement all these anti-bitcoin laws, but they didn't, and for good reason. These laws are terrible, from a game theoretical point of view. Censorship at a mining level has not worked out. It's not viable. What are you going to do? Make all US mining pools censor according to some standard of yours? What about pools that belong outside the US? For censorship to be effective you have to reorg the chain at some point, or more accurately, attack the network. This is obviously not worth it, for a mining pool.

I'm more afraid about tax issues. If they can't stop the network, then they'll probably want to acquire as many bitcoin as possible. There's only one way for the government to acquire capital; to steal it. On the other hand, that gives advantage to other countries to become tax heavens for bitcoin.

We've got lots of time left to see how this term will play out with the crypto space as a whole, but for now, the sentiment is bright, with many nitpicks thrown here and there (and they should be, in my opinion - because to be ready for something bad in perspective is being responsible).
They will play the pro-crypto card for as long as that would benefit them the most.

[icalical]

The news about US Bitcoin reserve under Trump has excited investors, especially as Bitcoin has recently been able to break past $107,000 for the first time. His previous pro crypto stance and comments about not wanting to fall behind China have further improved market sentiment. A plan for such a reserve would very well signal the biggest shift in how governments view crypto and give Bitcoin a level of legitimacy it never enjoyed, hence the bullish case in the market.

However US should also consider some risks. Bitcoin is highly volatile, using it as a national reserve asset can be something of a 'gamble'. Many critics argue it has no intrinsic value and remains open to cyber threats. The idea sounds new, but the potential downsides need to be weighted since building reserves on such an unpredictable asset may have major consequences if things go south. All that being said, this is a very good news and will fuel the current Bitcoin bullish to make it surge much more.

[retreat]

I see that this is positive news, but on the other hand I also feel worried that the more massive government investment makes the Bitcoin market even more saturated, because if the US government can create reserves in Bitcoin, it means they can release it whenever they want for various reasons, and that causes the market to be dropped, causing the potential for market manipulation to be even greater. And this is only about the US government, we have not discussed the plans of other governments / institutions that want to create reserves on Bitcoin, so this is like a blessing but also a challenge for the Bitcoin market.

[pooya87]

It may be bullish for the market for the time being but I wouldn't call it a positive thing overall and I'm afraid we will have to face it in the future when the US government starts manipulating the market in order to earn profit to cover their gaping budget deficit...

Short term benefit and Long term as the opportunity cost.
People are used to been more interested in the Now than later.

Such market manipulation may not be beneficial for the majority of them though considering that in the scenario when the US government is carrying out market manipulation they'd want to make profit which means they have to pump and then dump on people to make money. Those people getting dumped on have to be the majority of traders and they have to lose money for the US government to make a profit...