We will be Number 1 , China May be next- Donald Trump

[OgNasty]

Donald Trump seems to keep talking up Bitcoin and crypto, but I think the market is going to need more than talk to continue rising.  We want to see action from the United States in the form of Strategic Reserve buying.  Sure, they've managed to confiscate a great deal of Bitcoin, but that doesn't exactly make Bitcoiners happy.  At this point in the cycle, I don't think anything short of a multi-billion dollar buy from the United States will be enough to save us from a downturn.

[Mate2237]

Am not really surprised about this statement coming from Donald Trump concerning the Chinese as it regards to their stands on bitcoin.i will not be surprised if China changes their stands on Bitcoin and start investing on Bitcoin massively.. there is no much different between Bitcoin and Gold which China is much interested now.with the successes recorded by Bitcoin it's clear that Bitcoin is not just something that people are trying to hype it's a very good source of saving the wealth of any country that is really serious about making progress.




America for now is the one that are leading in crypto currency in the world, this is because America under Trump has seen Bitcoin beyond just a crypto currency. They have embraced change because Bitcoin itself has brought a change in the worlds financial system and America was one of the first countries to legalize Bitcoin and see it as a security asset.

[macson]

When Trump said that, it was simply to provoke speculation. He's a businessman, after all, he didn't say it simply to please the public, but rather to create a psychological effect in the market, which would ultimately benefit him.

Everything he said was just empty words. I simply wouldn't believe anything he said because there's no guarantee it would actually happen.

[Sanitough]

I don’t trust his words anymore. If he’s really serious about being number one, then the US should be accumulating Bitcoin. But what they did was different, they want to treat Bitcoin as a strategic reserve, yet they didn’t actually buy any. They’re just using the confiscated coins as part of their reserve.

That move alone shows they’re not willing to take real risks, so how can they claim to be number one?

They have all the funds and possibilities for it.

And entities like that don't take risks - they do things if they are sure of them.

I still believe that actions speak louder than words. They can accumulate as much Bitcoin as they want, but not through buying  because they haven’t done that yet. What’s more concerning is that they might tighten regulations even further and focus on more confiscations to increase their holdings. That’s something we should definitely keep an eye on.

[coolcoinz]

I don’t trust his words anymore. If he’s really serious about being number one, then the US should be accumulating Bitcoin. But what they did was different, they want to treat Bitcoin as a strategic reserve, yet they didn’t actually buy any. They’re just using the confiscated coins as part of their reserve.

That move alone shows they’re not willing to take real risks, so how can they claim to be number one?

It's funny, but that's the truth. Trump always comes on stage with all the promises and rainbows and then a day later Bessent gives an interview and shuts it all down. Just like when Trump said he signed an executive order to make a bitcoin reserve and 6 months later they asked Bessent how the reserve is doing and he said "we will stop selling bitcoin" - like wtf does that mean? Were you selling for the last 6 months?

Trump says the US will become a crypto superpower. Does that crypto going to be Trump coin? I don't see any bitcoin being added to the reserves.

[Nothingtodo]

When Trump said that, it was simply to provoke speculation. He's a businessman, after all, he didn't say it simply to please the public, but rather to create a psychological effect in the market, which would ultimately benefit him.

Everything he said was just empty words. I simply wouldn't believe anything he said because there's no guarantee it would actually happen.

Again, we cannot dismiss all of Trump's words as Valueless talk, especially when it comes to the issue of Bitcoin between China and America. However, we have often heard many false updates from Donald Trump to keep the market active, but at this moment he is not in a position to spread such falsehoods about China and America. Mr. President might have said something like this after learning some updates from China.

[Furious 7]

With the conditions that are happening now, we should understand not to overestimate the conversations or statements given by political elites, including for the two big countries that exist now.
I think we understand quite well what Trump said when he was nominated and what he did afterwards, including for China who clearly only wanted to take advantage of the momentum for personal gain where they created Fud for bitcoin to make it cheaper, bought it and returned to make the situation crash when it was profitable and sold their bitcoin.

So for now we have certainly learned a lot about this so don't believe too much in what the government says because in the end this condition will remain the same where they will only act as if they can control bitcoin with the statements they have.

[CryptSafe]

China is one country I so much love, they have been on the low keys for quite some time now, doing their thing while avoiding dramas. They have been developing and also building their capacity, and I will not be surprised if they are secretly accumulating bitcoin. I would not doubt the fact about what Trump has said, but the fact that it is coming from him makes it look or sound like unserious, as he has so much messed-up things in the crypto space, and it is obviously clear now that he is manipulating the crypto market, so currently I do not take his current statements concerning crypto seriously.

[viljy]

I don't think Trump's words mean much. He often creates information noise for selfish purposes. Basically, all his statements are used for manipulation. His opinions often change to the exact opposite several times. Is he doing this intentionally? Beyond any doubt. So we must be very skeptical about his statements.

By the way, there was news recently that he and his family have already earned more money in cryptocurrency than he himself has earned in his entire life. And this is less than a year into his presidential term. This is the answer to why he persistently advertises bitcoin and cryptocurrencies. When and if he sells bitcoin, there will be no more ardent opponent of bitcoin than he.

[Smack That Ace]

There was a hint in an interview given by Donald Trump in which he expressed some hints that his country, the United States, will be the first country in the world to hold the highest number of Bitcoin reserves.

Yes, the United States will become the world's largest bitcoin holder by finding ways to continue confiscating bitcoin from more people. I wouldn't even be surprised if they amend or enact more draconian laws to confiscate more bitcoins to increase their bitcoin reserves.
How can we trust a president/country that only uses free bitcoin from confiscation and dares not spend money to buy it?

He said China is going to do something big in crypto, directly alluding to China's investment in Bitcoin.  While China has been imposing restrictions on Bitcoin as usual, such positive comments from Donald Trump are taking some kind of direction regarding Chinese investment.

https://x.com/BitcoinMagazine/status/1985284706615582753?t=cEWanFYMX-ITG0TJtKs92A&s=19

He is not the president of China, he doesn't even know how to deal with China in the dedollarization war. What he says about China or crypto is unreliable and his purpose is just to try to please crypto investors to help his family make more money from this market.

After all he and his family have done to the crypto industry, it's surprising if you or anyone else still believes a word he says.
https://finance.yahoo.com/news/trump-family-reportedly-1-billion-213107964.html?guccounter=1

[michellee]

Trump can say that but I am not sure if China will not do the same. In fact, China may have already bought many Bitcoins for a long time but they don't publish it. China may not impose restrictions on Bitcoin especially if they see a benefit in Bitcoin to them. They will buy Bitcoin but will hide it from the public so they can have Bitcoin without many people knowing. That could be a secret strategy from China that doesn't want to get more popularity. We will see what China's reaction is after this so we can know what the impact on that is.

[fuguebtc]

Am not really surprised about this statement coming from Donald Trump concerning the Chinese as it regards to their stands on bitcoin.i will not be surprised if China changes their stands on Bitcoin and start investing on Bitcoin massively.. there is no much different between Bitcoin and Gold which China is much interested now.with the successes recorded by Bitcoin it's clear that Bitcoin is not just something that people are trying to hype it's a very good source of saving the wealth of any country that is really serious about making progress.

There is a big difference between bitcoin and gold. Bitcoin's market capitalization is nearly 15 times smaller than gold, and it looks like a newborn baby compared to gold's age. Gold is sought after worldwide and central banks are actively buying it as the best safe haven asset. Meanwhile, no central bank believes in bitcoin and intends to add it to national reserves, including the Fed (USA).
I agree with you that it wouldn't be surprising if China changes its stance on bitcoin, but whether they will invest massively in it is still a big question. Since even the Fed isn't interested in bitcoin yet, China is in no hurry.

America for now is the one that are leading in crypto currency in the world, this is because America under Trump has seen Bitcoin beyond just a crypto currency. They have embraced change because Bitcoin itself has brought a change in the worlds financial system and America was one of the first countries to legalize Bitcoin and see it as a security asset.

Bitcoin is recognized as a commodity by the SEC and CFTC and regulated by the CFTC, and is recognized under Biden. Only bitcoin ETFs are securities but ETFs are not real bitcoins.

[BALIK]

There was a hint in an interview given by Donald Trump in which he expressed some hints that his country, the United States, will be the first country in the world to hold the highest number of Bitcoin reserves.

You need the US will only become the largest bitcoin holder when it takes action. They need to pass bitcoin bills and use budget, taxes...to continue accumulating bitcoin. They won't become a bitcoin superpower with empty words. Trump has been saying this over and over again since he became president, but you see, he’s just been talking without actually doing anything.

As for China, they are really a bitcoin unfriendly country and they are not going to change that stance anytime soon. We don't need to speculate or come up with meaningless conspiracy theories about them.

[Ronsbit]

Trump can say that but I am not sure if China will not do the same. In fact, China may have already bought many Bitcoins for a long time but they don't publish it. China may not impose restrictions on Bitcoin especially if they see a benefit in Bitcoin to them. They will buy Bitcoin but will hide it from the public so they can have Bitcoin without many people knowing. That could be a secret strategy from China that doesn't want to get more popularity. We will see what China's reaction is after this so we can know what the impact on that is.

I agree with your opinion here, your observations about China are very much correct and accurate. China is a country that does not like that public attention, they do things in the low and are seriously taking the world by surprise. I would not be surprised China would emerge tomorrow as the number one world power in the making.

I don't think China would respond to this comment by Trump as they are not that type, they would rather ignore this comment and mind their business while they do their accumulation in peace. China is seriously building without public attention and I believe in less than no time, it would be visibly clear to the world.

[fikrett]

^ They would only show up about it when they know for a fact they are better and bigger at it.

[fuguebtc]

Trump can say that but I am not sure if China will not do the same. In fact, China may have already bought many Bitcoins for a long time but they don't publish it. China may not impose restrictions on Bitcoin especially if they see a benefit in Bitcoin to them. They will buy Bitcoin but will hide it from the public so they can have Bitcoin without many people knowing. That could be a secret strategy from China that doesn't want to get more popularity. We will see what China's reaction is after this so we can know what the impact on that is.

I agree with your opinion here, your observations about China are very much correct and accurate. China is a country that does not like that public attention, they do things in the low and are seriously taking the world by surprise. I would not be surprised China would emerge tomorrow as the number one world power in the making.

I don't think China would respond to this comment by Trump as they are not that type, they would rather ignore this comment and mind their business while they do their accumulation in peace. China is seriously building without public attention and I believe in less than no time, it would be visibly clear to the world.

Many experts also predict that China has the potential to surpass the United States and become the world's leading power in the next 2-3 decades. They will achieve it because they have technological superiority, a strong economy, the support of close allies and the support of most countries as the world is showing signs of fatigue with US dominance.

They are really quiet, not as flashy and ostentatious as the US but that doesn't mean everything about them is secretive. They openly buy gold, openly compete with the US in technology, especially AI, a strategic technology of the future.Or publicly call on countries to support the idea of ​​de-dollarization and oppose the US dictatorship. So there is no reason for them to hide their intentions with crypto if they are really interested in it.


Did you watch the meeting between Trump and Xi Jinping? Trump smiled and talked happily as if he had just met a lover, while Xi Jinping showed almost no emotion and was very cold. China will never pay attention or care about Trump's bullshit.

[john_egbert]

^ Both have something to work toward and both have grudges.

I wouldn't go into that territory of who is going to dominate who, the question for us is how it will affect BTC in the long run.

[8rch7]

How come not to be number one by holding bitcoin after many bitcoin assets having for awhile all it from confiscated bitcoins, many criminal cases in United State or the scammer arrested there all their cryptocurrency fund confiscated by US government. Did you remember the latest cases of confiscated bitcoin did by US government when arresting Cambodian conglomerate Chen Zi and he has 127.271 BTC, its huge amount and make US become the number have many bitcoin holding in their wallet.

I thin easily for power full country how to confiscated bitcoin assets from criminal cases without refund yet to the victim, difference with El Savador holding bitcoin from investing during have lower price until right now keep hold it. If bitcoins were only obtained from assets confiscated from criminal cases, it would seem very easy to become number one holding bitcoin.

[melinoe]

China is one country I so much love, they have been on the low keys for quite some time now, doing their thing while avoiding dramas. They have been developing and also building their capacity, and I will not be surprised if they are secretly accumulating bitcoin. I would not doubt the fact about what Trump has said, but the fact that it is coming from him makes it look or sound like unserious, as he has so much messed-up things in the crypto space, and it is obviously clear now that he is manipulating the crypto market, so currently I do not take his current statements concerning crypto seriously.

He wants to be the first in everything, but the path to it differs dramatically, and usually words are much more easier to honey up than actions..

[Trust_Paid]

There was a hint in an interview given by Donald Trump in which he expressed some hints that his country, the United States, will be the first country in the world to hold the highest number of Bitcoin reserves.

He said China is going to do something big in crypto, directly alluding to China's investment in Bitcoin.  While China has been imposing restrictions on Bitcoin as usual, such positive comments from Donald Trump are taking some kind of direction regarding Chinese investment.

https://x.com/BitcoinMagazine/status/1985284706615582753?t=cEWanFYMX-ITG0TJtKs92A&s=19

Yes, this is a really interesting development. While Trump is hinting that the US is working towards the world’s largest Bitcoin reserve, it also signals a potential shift towards national Bitcoin ownership. And it signals a redefinition of the global financial landscape. On the other hand, China’s talk of doing something big in crypto adds another layer of significance. For example, it signals a silent competition between the two largest economies for dominance of the digital asset. If it turns out that both countries start strategically hoarding Bitcoin, it could start a new phase of geopolitical competition. Conclusion, centered on digital reserves rather than gold or oil.