Donald Trump Confirms Bitcoin Reserve Plans

[fruktik]

Well, if this happens; I'm sure that a host of other 1st world countries would follow suit including Germany only that they'd be buying back at much higher price than they sold.

Bitcoin reserves is a smart move for the government but there's a two-way effect of this move on bitcoin.

1. Price go up.
2. Decentralization goes lower.

We might be looking at a potential tug of war among countries for very limited amount of Bitcoin since some of them are lost.

Amazing time to be alive. I was here when governments fought bitcoin as hard as they good. Feels really good to see them lose that fight.

As Putin puts it: "Who can stop Bitcoin? No one.".

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.

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.

[Smack That Ace]

i do not think this is the biggest news we have been talking about this for months even before trump won the election of course i know a confirmation is huge but then again nothing is yet set to stone until trump gets inaugurated and he actually makes changes to how the us government holds and sees bitcoin or crypto in general

what would be huge news to me is if a country that is previously against crypto starts buying it like china or russia it would seem like bitcoin would be used by these big countries not only for their economical gain but also for political reasons

Nothing is certain because even if the president himself proposes this bill, it still needs to be passed by Congress before it becomes a reality. But this is still big news because everything needs a pioneer and an initiator and fortunately the initiator is the president so the success rate will be higher than anyone.

You don't need to worry about countries banning bitcoin, once the United States officially makes bitcoin national reserve, then like it or not, not only China and Russia but all countries in the world will have to follow suit. That is the power and appeal of the world's number 1 power.

[Outhue]

Good news for the price in the short and long term but we don't know if it's good for Bitcoin as an idea and concept in the long term, I mean governments seizing large amounts of Bitcoin may not be good in the long term.

It is also clear from Trump's speech hints that a cold war over Bitcoin will start between the governments of the United States, Russia and China, if these big countries start a cold war over Bitcoin I don't think this will be in the best interest of the Bitcoin community in the long term.

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.

Well said Sir, the only reason why someone like me loves Trump doing his thing is the effect of that World War 3, if Trump gets to the presidential sit he will put an end to hit, World war 3 is the last thing the humanity wanted now, I trust him in this part, not on his watch.

The only person that can bring peace in the near future is Trump, the war would have already escalated if Trump failed to win, this is beyond we human as I believe that the almighty creator is involved, we don't want war.

As for Bitcoin adoption, many countries will follow sooner or later, those who put ban on Bitcoin will lift the ban, they will have no choice but to join the world, the future is always futuristic and this is the new beginning.

[nondormomai]

It means:
it all depends on how much Trump trusts his children and grandchildren, if they are in that industry. 
 

[eightdots]

i do not think this is the biggest news we have been talking about this for months even before trump won the election of course i know a confirmation is huge but then again nothing is yet set to stone until trump gets inaugurated and he actually makes changes to how the us government holds and sees bitcoin or crypto in general

what would be huge news to me is if a country that is previously against crypto starts buying it like china or russia it would seem like bitcoin would be used by these big countries not only for their economical gain but also for political reasons

Nothing is certain because even if the president himself proposes this bill, it still needs to be passed by Congress before it becomes a reality. But this is still big news because everything needs a pioneer and an initiator and fortunately the initiator is the president so the success rate will be higher than anyone.

You don't need to worry about countries banning bitcoin, once the United States officially makes bitcoin national reserve, then like it or not, not only China and Russia but all countries in the world will have to follow suit. That is the power and appeal of the world's number 1 power.

Similar news can have a positive impact on the market before it becomes reality. If a bill is drafted and passed, then a greater impact will occur. The new government's positive approach to Bitcoin is known, but this positive approach also needs to be accepted as law.

When many countries legalize Bitcoin, Bitcoin's rise will accelerate even more because some countries usually follow each other. The legal acceptance of Bitcoin will also remove many obstacles in front of it.

[avp2306]

Good news for the price in the short and long term but we don't know if it's good for Bitcoin as an idea and concept in the long term, I mean governments seizing large amounts of Bitcoin may not be good in the long term.

It is also clear from Trump's speech hints that a cold war over Bitcoin will start between the governments of the United States, Russia and China, if these big countries start a cold war over Bitcoin I don't think this will be in the best interest of the Bitcoin community in the long term.

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.

Even if there's a cons towards their action done we should be happy on that development since what Trump want to happen will create a wild scale attention to Bitcoin.

That announcement could create a lot of attention which possibly could bring certain good demands for Bitcoin next year.

So better for people to accumulate more and speculate good thing to happen since there's huge chance that we could see more pump for Bitcoin next year. This might change the landscape of financial matters in the world so hopefully we can see great positive changes after this announcement made. Let's see what other country would do regarding on plans of USA to make Bitcoin as their global reserve.

[Iranus]

Let's not get ahead of ourselves, as it is an intention so far, but it is positive no matter what, what seems worrying is that many put their faith in Bitcoin's growth in a politician, not just Trump, anyone, trust in Bitcoin always has to be in the community.

The community can help bitcoin survive but cannot help bitcoin price increase fast and strong, but politicians or government can do that. Meanwhile, most investors today are only interested in the profits that bitcoin can bring, they do not care about the other benefits of bitcoin. So it is not hard to understand why people overlook the disadvantages if bitcoin depends too much on politicians or any individual or organization.

I believe that even if bitcoin becomes centralized but if it can still bring significant returns, they will continue to invest and not mind or feel sorry for its decentralized nature.

[gunhell16]

They haven’t disclosed how much they’re considering, but that’s not the most relevant part. The bigger news here is that treating Bitcoin as a reserve asset would send a strong message to the world that Bitcoin is legitimate.

And you know what happens next - it would drive more institutional investors to enter the market. Who knows, even companies like Microsoft, which previously stated they wouldn’t invest in Bitcoin, might change their stance once Trump’s plan is realized.

according to the BIS (bank of international settlements) all central banks can only buy 2% of their fiat reserves in instable coins like bitcoin and when the fiat value of such represents 5% of fiat reserves they have to sell coins to draw it down below the 5% risk threshold, but cant buy in more unless the amount is below 2% again
this international reserves regulation is about all central banks having to disclose their crypto holdings from january 2025

however institutions can have their own separate reserves away from the international trade reserves. which trumps financial team suggest eventually hoarding 1m btc or 5% of all bitcoin.. however im going to presume they wont own 1m btc(5% of btc) but instead stick to the international central bank regulations of 5% of their fiat reserves even outside of the international settlement market

I just found out that only 2% is allocated that they can make reserves of any assets that a government will make in each country or all countries in the world? Please correct me
if I misunderstood what you said dude.

Because if it is more than 2%, it will be a risk, right? Anyway thanks for this information dude, However, this is good news that if the US really makes these reserves, it will have a big influence that other countries will also imitate and will not be left behind in this opportunity with Bitcoin.

[Lucius]

Having a national BTC reserve - good idea depending on how it is built (financed).

A government buying BTC would in the whole, be a terrible idea.
Trumps plan of building it using crypto seized from criminals - great idea! (kills me to say that about anything Trumpolini comes up with ) Certainly makes more sense then the usual policy of mandated 'timely' Public sales of seized assets like was done with Silk Road proceeds and the German state of Saxony recently caught so much flack for doing with seized crypto assets.

All within the law, right? But any law can be abused or at least bent to the extent that it favors those who use it for their own benefit. What I want to say is that this kind of thinking leads to the fact that "they" will be able to declare anyone a criminal and confiscate his digital property (Bitcoin), and then prove in court that, for example, that BTC is tainted and therefore becomes the property of the state. It sounds strange, but when you look at the kind of people the new American administration consists of, then nothing should surprise us.

[Wexnident]

~

Surprising how the market hasn't reacted to it yet then. Or maybe it's waiting for the plan to, well, not be a plan anymore. Holders would be eating pretty damn well if this unfolds by next year. It would probably help as well in snowballing other countries into making Bitcoin a reserve plan. Hopefully, this doesn't lead to countries fighting over it and leading to a crash war at some point lol. I still want to keep hodling my coins for at least a decade more.

[Haunebu]

Anyone with a half-decent brain knows that whatever Trump says doesn't really mean much since he isn't really trustworthy or reliable. The dude did unspeakable things to reach this position again.

This whole BTC reserve talk is just big talk plain and simple until it actually happens basically.

[Botnake]

however institutions can have their own separate reserves away from the international trade reserves. which trumps financial team suggest eventually hoarding 1m btc or 5% of all bitcoin.. however im going to presume they wont own 1m btc(5% of btc) but instead stick to the international central bank regulations of 5% of their fiat reserves even outside of the international settlement market

This was the information I read before, where a senator suggested buying 5% of the Bitcoin supply but not in a single chunk. Still, these are just plans, and we would like to see if they'll really approve that. As I mentioned, it doesn't matter how much they'll buy, as that is not the big news. The big news is making Bitcoin a strategic reserve. The word "strategic" carries significant weight as it sends a message that Bitcoin is a problem solver, probably in terms of inflation.

[Swordsoffreedom]

Anyone with a half-decent brain knows that whatever Trump says doesn't really mean much since he isn't really trustworthy or reliable. The dude did unspeakable things to reach this position again.

This whole BTC reserve talk is just big talk plain and simple until it actually happens basically.

I know you were a Harris supporter in the recent election and you still can't accept the fact that Trump will be our president and leader for the next 4 years. But no matter what you say, the fact remains that Trump will become president and his decisions will have a significant impact on us.

If the idea of ​​using bitcoin as a national reserve is passed, the price of bitcoin will increase significantly and we will all be the biggest beneficiaries. So instead of continuing to criticize and doubt him, we should hope that he can do it. There is no guarantee this proposal will pass but he is trying to keep his promise to us, why don't we support him?

[Ndabagi01]

They haven’t disclosed how much they’re considering, but that’s not the most relevant part. The bigger news here is that treating Bitcoin as a reserve asset would send a strong message to the world that Bitcoin is legitimate.

And you know what happens next - it would drive more institutional investors to enter the market. Who knows, even companies like Microsoft, which previously stated they wouldn’t invest in Bitcoin, might change their stance once Trump’s plan is realized.

Trump is really taking a very big move to actualize the promises he has made in bitcoin before he was elected. Leaders who keep to their promises are usually the best and a second time is always certain for such leaders when contesting again. This news sends a strong message to the bitcoin community, and this will really thrill more a more investors to come and invest in bitcoin which the demand for it will increase.

The bitcoin bull run or the anticipated peak of bitcoin for this bull run is far from being over, so a lot of investors will be more optimistic to hold their bitcoin for the longer time. This is something remarkable we should be expecting in the future as the price of bitcoin will continue on an uptrend with the demand for it to be increased soonest when Trump actualised his dream, that which he has disclosed in this news.

[Z-tight]

I get it that a lot of people are excited, but i think we should wait, wait until all he has been saying gets implemented. The interest in BTC is surely a positive thing for the network, but that is because they see the potential in BTC, so bitcoiners should stop acting like mr Trump is doing BTC a favor, he only sees a way he can benefit from it. Take note that they can also start manipulating the price of BTC when they get in, so that is sonething to keep an eye on.

[BlackHatCoiner]

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.

[Wind_FURY]

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:

He can't back-off from his announcement now, even though that there might be people around/behind him that doesn't want him to do it.

Why?

Because Russia are going to do it. Japan are going to do it. OTHER COUNTRIES will be doing it. The United States CANNOT be the country that's NOT HODLING Bitcoin.

[Cryptomultiplier]

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:

He can't back-off from his announcement now, even though that there might be people around/behind him that doesn't want him to do it.

Why?

Because Russia are going to do it. Japan are going to do it. OTHER COUNTRIES will be doing it. The United States CANNOT be the country that's NOT HODLING Bitcoin.

At least Trump would be fulfilling his campaign agenda of delving majorly into cryptocurrency and even making the regulatory bodies be better organized and structured to enable it being used for transactions too. We anticipated that his win was going to be a great boost for adoption of crypto currency in the U.S and  yes, we were right.

Of course, Bitcoin is also the new gold and that's why there's so much rush by these world powers to own it by either DCA or by HODLing large portfolio, or by trading or by any other form of investment that involves crypto.

[RockBell]

The community can help bitcoin survive but cannot help bitcoin price increase fast and strong, but politicians or government can do that. Meanwhile, most investors today are only interested in the profits that bitcoin can bring, they do not care about the other benefits of bitcoin. So it is not hard to understand why people overlook the disadvantages if bitcoin depends too much on politicians or any individual or organization.

That is one of the benefits of the support of the community and most important is that of politicians and influencers, because they only need to make a statement before the price of bitcoin will be affected and that is one of the relevance of making an investor involved in investing bitcoin so that the price will go up, because the only thing that the investor, but I would not say it a disadvantage, since it's not as if you won't make your profit then there is no need to complain, since the whole aim of the investment is to make profit, so what ever time it take as far as the price will increase.

I believe that even if bitcoin becomes centralized but if it can still bring significant returns, they will continue to invest and not mind or feel sorry for its decentralized nature.

I don't think bitcoin will go centralized even if some aspect are centralized but there is no way that bitcoin will go completely, so there is no is no way that am scared when it comes to bitcoin investment, because the profit you  will make is what is suppose to be the point of concentration, and by all means the centralized aspect of aspect of bitcoin can not be stopped completely.

[0t3p0t]

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.