Where Does Bitcoin Stands in Crypto Asset Revolution

[Catenaccio]

It's different.
EL Salvador = legal tender
US = Bitcoin reserve

About the Bitcoin Reserve National Strategy in the USA, what's going on and what was expected months ago are very different. At the end, Trump did not trigger any national policy on Bitcoin purchase for the USA. Bitcoin Reserve but only hold bitcoins they already had from seizures in past years. It's opposite with common expectation that the USA. will start to officialy buy bitcoin for enrich their national Bitcoin reserve and holding under Trump Presidency and adminstration.

It can be changed in coming years, remaining years of his Presidency or with next Presidents, but at least for now it is under expectation.

[yhiaali3]

For me, I can't believe the United States is innocent in anything it does to Bitcoin and cryptocurrencies. I understand their support for centralized stablecoins, but I don't trust their support for Bitcoin in its decentralized sense.

I believe Paul Atkins' statement: "America must do more than keep pace with the crypto asset revolution—we must lead it," emphasizing the phrase "we must lead it." Yes, this is the true intention of the United States. The doctrine of the United States is to be dominant and a leader in everything, and Bitcoin and cryptocurrencies are no exception.

[Minor Miner]

It's different.
EL Salvador = legal tender
US = Bitcoin reserve

About the Bitcoin Reserve National Strategy in the USA, what's going on and what was expected months ago are very different. At the end, Trump did not trigger any national policy on Bitcoin purchase for the USA. Bitcoin Reserve but only hold bitcoins they already had from seizures in past years. It's opposite with common expectation that the USA. will start to officialy buy bitcoin for enrich their national Bitcoin reserve and holding under Trump Presidency and adminstration.

It can be changed in coming years, remaining years of his Presidency or with next Presidents, but at least for now it is under expectation.

It's not that Trump hasn't activated policies to promote bitcoin purchases to add to the strategic bitcoin reserve, it's that he doesn't have the authority to do so. He has asked the US Treasury Secretary and Commerce Secretary to look into buying bitcoin, but so far, there has been no viable strategy.

We need to be clear that Trump's bitcoin reserve strategy is an executive order, not a bill. That means it could be repealed if the next US president doesn't support bitcoin. In other words, the US still does not have a strategic bitcoin reserve like their gold reserve which has been passed by congress and become a "BILL"

Because of this misunderstanding, the community had high expectations and when things did not go as expected, they turned to blame and criticize him for not keeping his promise.

[batang_bitcoin]

It's different.
EL Salvador = legal tender
US = Bitcoin reserve

About the Bitcoin Reserve National Strategy in the USA, what's going on and what was expected months ago are very different. At the end, Trump did not trigger any national policy on Bitcoin purchase for the USA. Bitcoin Reserve but only hold bitcoins they already had from seizures in past years. It's opposite with common expectation that the USA. will start to officialy buy bitcoin for enrich their national Bitcoin reserve and holding under Trump Presidency and adminstration.

It can be changed in coming years, remaining years of his Presidency or with next Presidents, but at least for now it is under expectation.

We'll see how it will change for the upcoming years to come. They have all the rights to modify it and change it for the better. I think that some senator already said that they have a plan to buy at least 100k Bitcoins for the upcoming 5 years to come. Or if I am wrong, it could be 100k Bitcoins per year and will last for 5 years. I forgot how it exactly goes but that's should be the plan that connects with the Bitcoin strategic reserve.

[Smack That Ace]

We'll see how it will change for the upcoming years to come. They have all the rights to modify it and change it for the better. I think that some senator already said that they have a plan to buy at least 100k Bitcoins for the upcoming 5 years to come. Or if I am wrong, it could be 100k Bitcoins per year and will last for 5 years. I forgot how it exactly goes but that's should be the plan that connects with the Bitcoin strategic reserve.

That is the proposal of Senator Lummis, she suggests that the United States should buy 1 million BTC over 5 years, that is 200kBTC per year to add to the country's strategic reserves. She proposed the idea at the Bitcoin 2024 Conference.

But so far, this is just an idea and no serious proposal for a bitcoin Act has been presented to Congress. As long as it hasn't been seriously discussed or officially proposed to the Congress for consideration, it will remain just an idea and a rumor with nothing to look forward to.
I don't see this changing anytime soon as I haven't heard her or anyone else mention the idea since.

[SquirrelJulietGarden]

That is the proposal of Senator Lummis, she suggests that the United States should buy 1 million BTC over 5 years, that is 200kBTC per year to add to the country's strategic reserves. She proposed the idea at the Bitcoin 2024 Conference.

But so far, this is just an idea and no serious proposal for a bitcoin Act has been presented to Congress. As long as it hasn't been seriously discussed or officially proposed to the Congress for consideration, it will remain just an idea and a rumor with nothing to look forward to.
I don't see this changing anytime soon as I haven't heard her or anyone else mention the idea since.

This is a great idea as the USA has money for purchasing bitcoin and if they do it, they are a leader of the national reserve game globally. Later nations join the game will have less bitcoins to buy and will have to compete against each other more seriously so their entries will be more expensive than the USA and they will acquire less bitcoins than the USA.

So far there is no action to make it into execution for the USA National Bitcoin Reserve but time flies and everything can change in the future. Just some years ago, it sounds impossible to have a person in a Congress of the USA to make such proposal.

[batang_bitcoin]

We'll see how it will change for the upcoming years to come. They have all the rights to modify it and change it for the better. I think that some senator already said that they have a plan to buy at least 100k Bitcoins for the upcoming 5 years to come. Or if I am wrong, it could be 100k Bitcoins per year and will last for 5 years. I forgot how it exactly goes but that's should be the plan that connects with the Bitcoin strategic reserve.

That is the proposal of Senator Lummis, she suggests that the United States should buy 1 million BTC over 5 years, that is 200kBTC per year to add to the country's strategic reserves. She proposed the idea at the Bitcoin 2024 Conference.

But so far, this is just an idea and no serious proposal for a bitcoin Act has been presented to Congress. As long as it hasn't been seriously discussed or officially proposed to the Congress for consideration, it will remain just an idea and a rumor with nothing to look forward to.
I don't see this changing anytime soon as I haven't heard her or anyone else mention the idea since.

Thanks, so that was the actual amount. So, it has been sent already to the congress and awaiting for an approval. If it gets an approval then that will start to make that action of having 200k BTC accumulation per year. It's going to be a good thing for them with the tandem of that Bitcoin strategic reserve. This makes them one of the counties that will hold a lot of Bitcoin. They can imagine that holding at least or nearly 5% of total supply of Bitcoin is giving them the power in the actual market.

[peter0425]

For me, I can't believe the United States is innocent in anything it does to Bitcoin and cryptocurrencies. I understand their support for centralized stablecoins, but I don't trust their support for Bitcoin in its decentralized sense.

I believe Paul Atkins' statement: "America must do more than keep pace with the crypto asset revolution—we must lead it," emphasizing the phrase "we must lead it." Yes, this is the true intention of the United States. The doctrine of the United States is to be dominant and a leader in everything, and Bitcoin and cryptocurrencies are no exception.

Trump has always been vocal about how he wants US to lead the charge. To be known as crypto capital of the world. They want to be the one leading the innovation and bitcoin is innovation. But the question is how much of bitcoin can they lead and control? I do not think there are much to be honest. They can impose regulations and policies but at the end of the day, my coin is my coin.

[tread93]

Where Does Bitcoin Stands in Crypto Asset Revolution

I was elated when I heard about what the SEC Chair Paul Atkins made ad statement, that he is every ready not to support crypto asset revolution, with the confidence in his words that America are taking the lead on this, then it struck my mind also, if there could be anything in consideration for bitcoin regulatory framework when they are fully taking over with other cryptocurrencies.

We expect this from them a long time ago to support bitcoin and fight against any infiltrations into the crypto networks by the emergence of altcoins together with shitcoins and how they have been used daily by many to scam the public with newly introduced projects without utility values, maybe they will get to realize more about why bitcoin should stand out in cryptocurrency and how they could regulate others including their own memes.

source

America has fought a long and hard battle to help bitcoin become further legitimized in the states.  I think that Trump sped things up like crazy and if a Democrat would have won you wouldn't have seen half of the things we have seen bitcoin and crypto do in the past year

[fuguebtc]

It's different.
EL Salvador = legal tender
US = Bitcoin reserve

Did you forget their investment in bitcoin and their strategy of buying 1 bitcoin/day with government money? It is not just a regular investment but also a strategy of hoarding bitcoin as a strategic asset that President Nayib Bukele announced from the early days of bitcoin legalization.

It's all about profit even us the investors, we've started to become enthusiastic about it but then, we've seen how profitable holding Bitcoin. So it all lies with the profitability that everyone can get with Bitcoin. But just for the sake of argument, there's already this if you don't believe that they've already made some move to make it real for the Bitcoin strategic reserve[1].

[1] ESTABLISHMENT OF THE STRATEGIC BITCOIN RESERVE AND UNITED STATES DIGITAL ASSET STOCKPILE

Did you know that the strategic Bitcoin reserve that President Trump signed was just an executive order? Meaning it can be easily abolished and those bitcoins can be sold at any time if a new president who doesn't support bitcoin replaces Trump. Trump's strategic Bitcoin reserve doesn't make much sense, since it hasn't been passed by Congress to oficially become an "Act".

Don't be surprised if the Democrats take over the White House next term, and this executive order is repealed and these bitcoins are sold.

[Smack That Ace]

That is the proposal of Senator Lummis, she suggests that the United States should buy 1 million BTC over 5 years, that is 200kBTC per year to add to the country's strategic reserves. She proposed the idea at the Bitcoin 2024 Conference.

But so far, this is just an idea and no serious proposal for a bitcoin Act has been presented to Congress. As long as it hasn't been seriously discussed or officially proposed to the Congress for consideration, it will remain just an idea and a rumor with nothing to look forward to.
I don't see this changing anytime soon as I haven't heard her or anyone else mention the idea since.

Thanks, so that was the actual amount. So, it has been sent already to the congress and awaiting for an approval. If it gets an approval then that will start to make that action of having 200k BTC accumulation per year. It's going to be a good thing for them with the tandem of that Bitcoin strategic reserve. This makes them one of the counties that will hold a lot of Bitcoin. They can imagine that holding at least or nearly 5% of total supply of Bitcoin is giving them the power in the actual market.

No, as I said, this is just an idea floated at a bitcoin conference, there has not been any serious discussion or full documentation of this bill, let alone it has been submitted to parliament and is awaiting approval.
Not to mention, the Fed made a statement this year that it has no interest in bitcoin and has no intention of adding bitcoin to its national reserves.
So in my opinion, bitcoin reserves in the US are far from being a reality and we need more time because it is not their top priority.

[Danica22]

This is a great idea as the USA has money for purchasing bitcoin and if they do it, they are a leader of the national reserve game globally. Later nations join the game will have less bitcoins to buy and will have to compete against each other more seriously so their entries will be more expensive than the USA and they will acquire less bitcoins than the USA.

So far there is no action to make it into execution for the USA National Bitcoin Reserve but time flies and everything can change in the future. Just some years ago, it sounds impossible to have a person in a Congress of the USA to make such proposal.

Of course, things will change and that can happen but it will take longer, it won't happen this year or next year. It will take even longer if the Democrats return to the White House in 2028 because as we all know, they are not like the Trump administration. They have an unfriendly attitude towards bitcoin and cryptocurrencies.
As long as US politics remains divisive and controversial regarding bitcoin, we won't see a strategic bitcoin reserve anytime soon.

[bhadz]

America has fought a long and hard battle to help bitcoin become further legitimized in the states.  I think that Trump sped things up like crazy and if a Democrat would have won you wouldn't have seen half of the things we have seen bitcoin and crypto do in the past year

While many truly hates Trump because of his political affiliation. But if we're just going to look at the perspective of what he did for Bitcoin and to our community as well, we can't deny that he's helped. From the campaign period up to this moment, it may not come from him with the actual actions. But with his leadership that has given a go-signal for these adoptions to be done. It's a good reason for us to keep on supporting him at this cause. And if it's about the other political cause and affiliation that he's part of, we're free to ignore and stop it but, with the bitcoin purpose and all of these proposals and declarations for the sake of it, we can't ignore that.

[Luzin]

I was elated when I heard about what the SEC Chair Paul Atkins made ad statement, that he is every ready not to support crypto asset revolution, with the confidence in his words that America are taking the lead on this, then it struck my mind also, if there could be anything in consideration for bitcoin regulatory framework when they are fully taking over with other cryptocurrencies.

We must understand how the power of authority can direct the goals they set. There may be people who claim to represent the citizens, but they also enjoy the benefits of exploiting them. This exploitation is also very significant, because they have the power of money and authority. This situation appears friendly, but in the end, only a few citizens benefit. Just look at some of the rulers in the US; they also exploit the regulations they create to enhance their own financial conditions. Thus, crypto and politics can influence each other, and we have witnessed this. Let us consider this: I believe it could be like Trump capitalizing on the moment with his plans, but if the right choice is made, they should still opt for BTC as the primary asset of choice.