Will Trump Create a National Bitcoin Reserve?

[Pi-network314159]

Will Trump Establish a BTC Reserve?

Polymarket gamblers analysts are giving this an estimated 28% probability  of the U.S. creating a National BTC Reserve within Trump’s first 100 days in office.

How about you? What do you think?

There is no need to worry much about Trump, if he decides to keep to his promises of making Bitcoin a reserve asset or not, since this matter has been too much and overly emphasize. What must be must be Trump has maid several statement about Bitcoin during his last time of campaigning to be president, and after achieving the position he never did anything till this second tenure. So I suggest this whole matter if Trump should be suspended till he resumes office. Then we see if there will be hope this time. But be it as it may, wether Trump or not Bitcoin will always be fine like I usually say.

[FortuneFollower]

If that happen then the prive could go to the moon, Just think about how much money they could inject to the cryptos market cap, if they decide to go for a big pie e of cake then we are talking about billions or even trillions for the market.

I don't think a desition like that can be take only by the president, peple must vote that desition.

It would all still be in the hands of the big fellas.
But if the decision and the promise that was made were halted, it may be a bad sign and a hit for the sentiment to come.

[suzanne5223]

It is hard to know the government's true intention, but based on its political beliefs and operations, it is impossible for any government to create a National reserve for Bitcoin. Although there is a chance it will change, the possibility is low.
What I believe is that Trump will introduce some platforms and features that will support the use of Bitcoin as payment, etc. Creating a reserve for it is what I don't see happening.

[Cookdata]

He said it but it remains as a promise until it becomes a reality. So having a timeframe of within 100 days. I don't think that the time set by the bookie is going to be enough to fulfill that. There will be a lot of considerations that need to be set for them before making it happen but I guess with the right people it could be expedited but no one knows, Trump isn't yet on the office yet.

If not that Bitcoin is all about speculations, I would have say that we don't know what we are doing. I was watching some of his press conference and he was more importantly interest in how some of the hostage in the middle east are going to get home safely or he'll will lose, he made mention of other things but Bitcoin wasn't mentioned in the things he said and that made me know that this dream we want to actualize will take long than we anticipate.

There are big issues and many things the presidency has on their mind than just this promise. Out of the promises he mentioned, this is the least fiscal policy I see on his promises and that doesn't lies on his hand, the law and Bill has to be passed first before this can happen which the presidency doesn't have that power, the most he can do is to influence it and how many people are in the house that really support Bitcoin before their election, less than 5% in the house.

[HajiBagi]

During his campaign rallies, Trump promised to create a national bitcoin reserve in the US, during the time of his presidential campaign rallies, Trump and his vice attended a programme which was hosted by mainly bitcoiners, and in a short clip which I watched, Trump addressing the people told every one to hold their bitcoin, that he is going to create a bitcoin national reserve in the US, and not just this, that he is also going to make US the headquarter of bitcoin and cryptocurrencies at large.

This is nothing but a promise, and promises are sometimes not kept, but for this one, I think it's very possible that Trump will keep it, I see a 90 or more percent chances of trump creating national bitcoin reserve in the US, but I am not sure about it happening in the first 100 days of him in office.

Trump made a promise to create a national Bitcoin during the election and that doesn't mean that he will fulfill his promise by doing such a thing, it will be very good if he makes that happen because it will be a favor to those who have Bitcoin and those who know much about Bitcoin but we all know Politics, people can make a promise when it comes to Politics in other to achieve their goals or to win the election and after winning the election they will pretend like they are not the one that made the promise.

If Trump didn't fulfill his promise no one would arrest him because he has already gotten what he wanted, according to the way things are going he will try his best to have more support but it will be good if we don't expect much from Trump because not everyone that like the idea he came with and not some people that want him to become the president, we should also remember that he also makes the promise to win the election.

[GigaBit]

During his campaign rallies, Trump promised to create a national bitcoin reserve in the US, during the time of his presidential campaign rallies, Trump and his vice attended a programme which was hosted by mainly bitcoiners, and in a short clip which I watched, Trump addressing the people told every one to hold their bitcoin, that he is going to create a bitcoin national reserve in the US, and not just this, that he is also going to make US the headquarter of bitcoin and cryptocurrencies at large.

This is nothing but a promise, and promises are sometimes not kept, but for this one, I think it's very possible that Trump will keep it, I see a 90 or more percent chances of trump creating national bitcoin reserve in the US, but I am not sure about it happening in the first 100 days of him in office.

If Trump didn't fulfill his promise no one would arrest him because he has already gotten what he wanted, according to the way things are going he will try his best to have more support but it will be good if we don't expect much from Trump because not everyone that like the idea he came with and not some people that want him to become the president, we should also remember that he also makes the promise to win the election.

Even though Trump is an elected government, he had to fight the election. His opposition party also got a lot of votes. There is no way to say that the gap is too big. That is why it is not a matter of everyone supporting Trump. Of course, others will also decide whether his principles are logical or not. If Trump makes Bitcoin a reserve currency as per his promise, then it will definitely be a big achievement for Bitcoin. What he will do is not yet certain until its implementation is completed. Since Trump said in his campaign that he wants to keep America on top in all aspects, he will definitely try to stay ahead in terms of Bitcoin reserves.

[BlackHatCoiner]

I'm not sure if this is a bot asking the question for clicks and joins in their telegram, or a genuinely interested individual. For the sake of my mood, I choose to believe the latter.

At first I was skeptical about the strategic reserve, but I'm gradually becoming more and more convinced that it might actually become reality. Seems like a handful of countries are thinking of doing the same, so it's difficult all this to be due to Trump hype.

[Abiky]

Will Trump Establish a BTC Reserve?

Polymarket gamblers analysts are giving this an estimated 28% probability  of the U.S. creating a National BTC Reserve within Trump’s first 100 days in office.

How about you? What do you think?

https://t.me/PumpDoom

Will Trump do it? Of course he will. He's already deep in the crypto/Blockchain game. It'll be up to Congress to approve Trump's hopes of a BTC national reserve. With a Republican majority in both the House and Senate, the odds for approval are high. Such a move will not only benefit America and the US Dollar, but also the entire world. After all, the USD is the world's reserve currency.

This reminds me of the good 'ol days when the USD was backed by Gold. The government started stockpiling Gold, which contributed towards a prosperous economy for all Americans. Exciting times ahead for all Bitcoiners. The question is: Are you buying and holding BTC until the "big pump"? Or are you selling? Only smart people will "hodl" long-term for huge rewards. Just my opinion

[philipma1957]

Trump received a gift from the left. The California fires are a reason for Trump to declare martial law in California.

He can say the money criminally spent on illegals in California caused the slow repair of the 117 million gallon reservoir in PCH area. Thus letting the fires burn out of control due to empty hydrants.

I am think Trumps is going to switch tactics and go after California before he does anything else.

Should be fun to watch this.

US crypto people need to wait a while.

[Darker45]

It's one of those things that are easier said than done. I'm not very optimistic about it, at least for his first 100 days. I probably share the same estimate reflected by Polymarket bets. Indeed, there's low probability that it will happen.

However, on the brighter side, I guess it's a lot easier for states to do that. They might establish Bitcoin strategic reserves on their level way before the federal government does.

Very recently, a bill is presented in the State of New Hampshire for it to establish a Bitcoin strategic reserve. Another bill is introduced in the state of North Dakota for state funds to be invested in Bitcoin. They're just two among many. This will go on.

[Iranus]

It's one of those things that are easier said than done. I'm not very optimistic about it, at least for his first 100 days. I probably share the same estimate reflected by Polymarket bets. Indeed, there's low probability that it will happen.

However, on the brighter side, I guess it's a lot easier for states to do that. They might establish Bitcoin strategic reserves on their level way before the federal government does.

Very recently, a bill is presented in the State of New Hampshire for it to establish a Bitcoin strategic reserve. Another bill is introduced in the state of North Dakota for state funds to be invested in Bitcoin. They're just two among many. This will go on.

I know there are a lot of people who are hopeful about the idea of ​​bitcoin reserves because that would trigger a huge bull run and bitcoin could quickly hit $200k-300k. But the reality is that there is virtually no chance of that happening in the near future, let alone a slim chance. The Fed isn't interested in the idea, Trump doesn't have the power to decide on national reserves, bitcoin isn't a top priority for the government yet, politicians in both parties are still arguing and can't agree on a stance regarding bitcoin....All of this suggests that bitcoin reserves are not going to happen in the near future, or even during Trump's term.

I agree, we should start this idea with the states, it is much more feasible and practical. New Hampshire is the fourth state to propose establishing a bitcoin reserve, and more states are expected to join the race. If more states join the race to build bitcoin reserves, it would be an extremely optimistic stepping stone toward the formation of a national bitcoin reserve.


https://x.com/Dennis_Porter_/status/1877746381949116787

[Xun hu]

we already heard Trump criticized Bitcoin in the past, calling it risky and not real money.

[Don Pedro Dinero]

I'm not going to bet on it but if I had to I would bet that he will indeed set up the strategic reserve. You can't trust a politician's promise but in this case he has appointed a lot of people around him who are pro-bitcoin, plus the recent sale of bitcoins, reducing the number that the stockpile would have, I think would be another catalyst that motivates him to create it.

we already heard Trump criticized Bitcoin in the past, calling it risky and not real money.

Well, I guess it's not the first time Trump has said one thing and then changed his mind, but especially with bitcoin this is relatively frequent.


5 billionaires who publicly hated crypto then changed their minds

This is just a sample, as the article does not include Michael Saylor, for example.

[bettercrypto]

As long as that doesn't happen and it's just news or plans, it will still remain speculations, it's not that I don't like the Bitcoin Reserves that Trump is planning, if it's true,
of course it can't just be implemented right away.

So, what's happening right now is that the crypto community around the world is being hyped about that, this is just my assessment, if all we hear on the day of the inauguration is positive sentiments, the chances are really high that Bitcoin's price rally will continue.

[mcdouglasx]

By common sense, yes, if they maintain reserves of minerals and other natural resources, the idea of ​​the United States adopting Bitcoin as a measure to diversify and cover economic flanks is suitable because it could offer protection against inflation and other economic risks, given its decentralized nature and its potential for appreciation.

[fikrett]

we already heard Trump criticized Bitcoin in the past, calling it risky and not real money.

Politicians change stances as the gloves they wear.
We don't need to be picky on that.

[Ale88]

Will Trump Establish a BTC Reserve?

Polymarket gamblers analysts are giving this an estimated 28% probability  of the U.S. creating a National BTC Reserve within Trump’s first 100 days in office.

How about you? What do you think?

https://t.me/PumpDoom

I really don't know what to think about this, the main reason is that we are talking about Trump, an individual that would say everything in order to get votes and/or public support. It's really a 50/50 situation this one. Of course if there is a possibility it's just because Trump at least actually understands that bitcoin can help the US while Biden and the other democrats are extremely against it.

[OgNasty]

I think that Trump will most definitely create a Strategic Bitcoin Reserve for the United States.  The problem is that I think a lot of people are expecting him to announce some plan to purchase a million BTC and I don't think that will happen.  I think Trump will keep most or all of the confiscated coins, and the market will probably not be effected either way.  It would do a little to ease fears of a massive selloff in the immediate future, but the market is going to need someone else besides MicroStrategy to step up as a buyer if the price is going to go next level.

[snipie]

United States already have a strategic reserve and they are profiting from the rise of the price to drop parts of it. They don't really have it, legally talking, but they can own it at the right time. I am talking about confiscated Bitcoin all these years and what we aren't aware about in their different agencies.
Now creating a real strategic reserve might be challenging without destroying the price hardly to force people to sell, then buy and make it rise again.

[Minor Miner]

Will Trump Establish a BTC Reserve?

Polymarket gamblers analysts are giving this an estimated 28% probability  of the U.S. creating a National BTC Reserve within Trump’s first 100 days in office.

How about you? What do you think?

https://t.me/PumpDoom

I really don't know what to think about this, the main reason is that we are talking about Trump, an individual that would say everything in order to get votes and/or public support. It's really a 50/50 situation this one. Of course if there is a possibility it's just because Trump at least actually understands that bitcoin can help the US while Biden and the other democrats are extremely against it.

Also, we should note that even if Trump is serious about creating a bitcoin strategic reserve, that doesn't mean it will definitely become a reality. Any new bill needs to be presented to parliament and voted on for passage, would the majority of Republicans and Democrats, Congress and the Federal Reserve fully support his idea?
The Federal Reserve and Congress are the most powerful and authoritative bodies to decide on national reserves. It is puzzling that people ignore them and focus on Trump when he has no authority to decide that.

I also care about bitcoin reserves but I care more about what the Fed and congress say about it than Trump. But so far, the Fed has flatly rejected that idea, so I'm not optimistic that we'll have a bitcoin strategic reserve anytime soon.