Now, should we rethink Bitcoin like Insider did?

[abaeze]

The amount of adoption of Bitcoin at present and especially the positive attitude that the American government has towards Bitcoin and to create a connection with the future economy is truly commendable. Although Trump is doing all this not for the sole interest of Bitcoin but because he and his family have invested a huge amount of money in Bitcoin. However, it is currently legal for all traders to buy, sell, and store Bitcoin, and large financial corporate institutions are also adding a large amount of money to Bitcoin. Not only that, but various institutions outside the United States are following them. In addition, governments of various countries around the world, including the United States, such as El Salvador, are offering 0% gain tax on Bitcoin.

On the other hand, a 90 years old Salafi cleric in Saudi Arabia recently issued a fatwa on Bitcoin, stating that Bitcoin is acceptable in Islam. So many Muslim wealth tycoons who previously relied only on oil are also seeing Bitcoin as a positive source and it is estimated that this announcement could bring about $30 Trillion into Bitcoin, which is enough to take it to a new level, surpassing the gold market. Although we know that this will not happen all at once but may happen gradually.

Also, Elon Musk said that "the credit markets have almost completely stopped lending to AI companies", which has led many to think that they will now continue their activities directly with Bitcoin. So, seeing these movements, I think we should also plan anew for Bitcoin, otherwise, like many who regretted "why they did not invest in Bitcoin in 2010-15", they may also have to regret the present time in the future. Interested in your opinion on this movement.

Source : https://x.com/pete_rizzo_/status/2114623229205586372

[BIT-BENDER]

I don't know what plans you are making or the plans you think other Bitcoiners are making but let me tell you there many Bitcoin enthusiast who doesn't need this such of news to focus on Bitcoin.
The decision to be a Bitcoin enthusiast and stick to is made already by serious holders there is no plan to compromise or change that completely.
Although your advice is cool but anyone that makes moves because of news like you just mentioned will actually be moved by FOMO and FUD, for example let's say the news is bad those people you are reaching out to now will fly away once they hear such news. For me as a Bitcoin you need to make your decision not based on news.

[Decimetre]

If anyone still needs all these publications to get more serious with bitcoin then the person is already bound to making mistakes which could perhaps lead to buying out of fear of missing out. Bitcoin is structured in a way to succeed from the beginning and that is what is going. Since the past few years, there has been several additions to the number of adoption of bitcoin globally. In the local settings, there are more discussions about bitcoin among peers which already gives the view of how bright the future could be.

For the last 17 years that bitcoin has survived, it has been drawing more investors after establishing itself as a store of value. I will suggest that anyone investing in bitcoin should not do that with the hope that all these implementations will happen over night and he cash out the next minute. The should be set on a long term and also maintaining the investment within the ambience of the money you can afford to lose. Allowing the media to decide your level of aggressiveness is not good because it leads into FOMO and investing beyond your Discretionary income.

[Marvelockg]

On the other hand, a 90 years old Salafi cleric in Saudi Arabia recently issued a fatwa on Bitcoin, stating that Bitcoin is acceptable in Islam. So many Muslim wealth tycoons who previously relied only on oil are also seeing Bitcoin as a positive source and it is estimated that this announcement could bring about $30 Trillion into Bitcoin, which is enough to take it to a new level, surpassing the gold market. Although we know that this will not happen all at once but may happen gradually.

The last i can remember, no religious group have had a thing against bitcoin probably because it is against their religious believe or stuff. bitcoin is and has always remained a currency that is usable by the different set of people in the world, those that have a reason or reasons why they are not using it are doing so basically for personal reasons.

there are thousands of Christians that are invested in bitcoin and same is the case with the numbers of muslim that are into bitcoin. if you need a cleric to make a statement before you define your stand in bitcoin, it only means you have a long way to go.

[Curious T]

There is some bullshit in this. As much as we all want bitcoin to grow, we need to stop hoping for fantasies. Wealthy families of the Middle East won't bring 30 trillion to Bitcoin. It won't even bring one trillion dollars, so there is no point in taking such reports seriously if they exist.

If truly credit markets are no longer giving credit to AI companies, as Elon Musk claims, don't delude yourself into thinking they will come to bitcoin to get credit. Bitcoin doesn't give credit. You can only get profit by holding, and we are talking long term. In fact, some people believe that it would be bad for Bitcoin if AI companies lose credit. You people need to stop picking different events or situations together to form an analysis of Bitcoin. Yes, it's true that demand for bitcoin will increase in the future, but not at the rate you guys expect and not to the level you expect. Bitcoin is still a long way from getting to Gold's market cap.

[Nathrixxx]

The amount of adoption of Bitcoin at present and especially the positive attitude that the American government has towards Bitcoin and to create a connection with the future economy is truly commendable.

This same US I've been given a warning to people that are investing in Bitcoin to be more careful because of the possible risk in it, they are not stopping anyone from investing both make it well-known that there is a likely possibility to involve any financial loss when considered, this is where United State of America is not investing in Bitcoin rather holding on the confiscated assets from other investors and platforms.

The only traction that happened was when bitcoin sport ETF was adopted by SEC which spark a major reaction will see today that many are also considering for further opportunities with Bitcoin market volatility, yet we still want their full support towards bitcoin adoption at the legal tender if the truly are on our side.

[Audrey Simmons]

The amount of adoption of Bitcoin at present and especially the positive attitude that the American government has towards Bitcoin and to create a connection with the future economy is truly commendable. Although Trump is doing all this not for the sole interest of Bitcoin but because he and his family have invested a huge amount of money in Bitcoin. However, it is currently legal for all traders to buy, sell, and store Bitcoin, and large financial corporate institutions are also adding a large amount of money to Bitcoin. Not only that, but various institutions outside the United States are following them. In addition, governments of various countries around the world, including the United States, such as El Salvador, are offering 0% gain tax on Bitcoin.

What is your proof that Trump and his family have invested a lot of money into Bitcoin?

You now want to invest because some guy from Saudi Arabia talks about investing huge amounts, and as others of his comrades join, what about the ongoing discussions in the forum, all this while what have you been doing, at the time Bitcoin went down to $58K?

[OsaiEmma]

The amount of adoption of Bitcoin at present and especially the positive attitude that the American government has towards Bitcoin and to create a connection with the future economy is truly commendable. Although Trump is doing all this not for the sole interest of Bitcoin but because he and his family have invested a huge amount of money in Bitcoin. However, it is currently legal for all traders to buy, sell, and store Bitcoin, and large financial corporate institutions are also adding a large amount of money to Bitcoin. Not only that, but various institutions outside the United States are following them. In addition, governments of various countries around the world, including the United States, such as El Salvador, are offering 0% gain tax on Bitcoin.

On the other hand, a 90 years old Salafi cleric in Saudi Arabia recently issued a fatwa on Bitcoin, stating that Bitcoin is acceptable in Islam. So many Muslim wealth tycoons who previously relied only on oil are also seeing Bitcoin as a positive source and it is estimated that this announcement could bring about $30 Trillion into Bitcoin, which is enough to take it to a new level, surpassing the gold market. Although we know that this will not happen all at once but may happen gradually.

Also, Elon Musk said that "the credit markets have almost completely stopped lending to AI companies", which has led many to think that they will now continue their activities directly with Bitcoin. So, seeing these movements, I think we should also plan anew for Bitcoin, otherwise, like many who regretted "why they did not invest in Bitcoin in 2010-15", they may also have to regret the present time in the future. Interested in your opinion on this movement.

Source : https://x.com/pete_rizzo_/status/2114623229205586372

These are good news to Bitcoin. And as more people are placing value an interest in Bitcoin, Bitcoin's price will continue to soar. The idea is all about value, when powerful people value Bitcoin, it will be very valuable. But there's a caveat: the more influential people are valuing, hording, and investing in Bitcoin, the more they're expecting profit, the more Bitcoin is deviating from what we all want it to be—a P2P transfer of wealth, and no just a store of value—the more the world will want to regulate and centralize it, that is the dilemma.

We want the price to go up, we want to make profit, we want more adoption. These are good things, but it could also introduce too much centralization and deviation from its core utility.

[Merit.s]

I'm not investing into bitcoin because some guys are doing it but because I have seen a good reason to invest in bitcoin which are store of value overtime since, Fiat money is bound to lose its purchasing power overtime. Bitcoin decentralized nature and censorship resistance is the most important thing that attracted me to bitcoin because I can be my own bank and nobody knows how much I have in bitcoin or control how much I can spend or withdraw in a day.

The Saudis are already late, because the Muslims were against bitcoin in the beginning. Though, I don't blame them because even the government and some institutions were against it. All these people that hated bitcoin in the beginning are only investing in bitcoin or having interest in bitcoin for the sake of profit only.

[Marykeller]

Don't you think that if the US or anybody bases their investment in Bitcoin because Trump and his family are doing so, don't you think those people will be double-minded about their investments in Bitcoin because of what they have seen Trump and his family done in crypto space by launching shitty coins, which has see to many people losses.

I think Trump and his family are using their support for Bitcoin to gain investors trust to invest in their shady coins. They have successfully cashed out with people's money. The Strategic Bitcoin reserve Trump talks about to buy more Bitcoin for the US is not done yet; instead, the US are hodling the seized Bitcoin not to sell or buy any Bitcoin

[Alvin_talk]

It's good to be positive but these are all speculation and there is no certainty that these Arab billionaires will invest heavily in bitcoin. Mind you, even if that does not happen, bitcoin will continue to increase in price and value. Bitcoin has gone past the stage where it requires investors and institutions to thrive. Sure they add to it but there are other factors too.

There is nothing there to plan, just keep DCAing as always and you will be just fine.

[Smartvirus]

The link you shared on the El-Salvador news is relatively old, an old clip that was updated since, El-Salvador already legalized Bitcoin since September of 2021.
On your second link as it concerns Elon, it did read the “DEBT” market. Just needed to get those clear.

It is not unusual for certain individuals to require certain elites in the society to speak on things before they get the clarity they need to invest or be interested. Even as it is, not so many would bite but, that’s not on you, it’s on them. Today, I don’t care if a lot of persons don’t take interest in Bitcoin. There are other fields enough to accommodate the populace and people should take certain opportunities in these fields too.

[Gozie51]

So, seeing these movements, I think we should also plan anew for Bitcoin, otherwise, like many who regretted "why they did not invest in Bitcoin in 2010-15", they may also have to regret the present time in the future. Interested in your opinion on this movement.

It is not a ruse that many regrettable stories will come up soon or in a decade time because they were skeptical to invest in bitcoin even while having enough money to do so.

It is just like my response here on the thread titled: Why Bitcoin Is still above all coin in price/trading. The cost of Bitcoin mining is high above other coins and so bitcoin will keep increasing, selling above mining cost for each btc. This means price of bitcoin will keep increasing with the way most economy is going. So investing this time around is looking promising.

[Pikiboy]

There could be delay but as I know, the Arabic nations or Islamic countries are too wealthy and I believe this could position Bitcoin in a separate and a better market price. And of course, this could boost the market Cap of bitcoin as also, may likely effect the price positive than we can ever imagined.

Bitcoin has already gained the popularity or trust that it should be well trusted without any doubt. When you talked about Donald Trump's, well I wouldn't say anything much about him but, he is solely doing lot of things to make sure he has also made profits from the digital market because he was once an enemy of Bitcoin before he fully accepted Bitcoin.

Whatever he is doing right away, it is solely on interest and personal profits from the market because he has missed a lot and he is wanting to use this medium to accumulate what he has missed from the digital market.

[Cryptomultiplier]

It's good to be positive but these are all speculation and there is no certainty that these Arab billionaires will invest heavily in bitcoin. Mind you, even if that does not happen, bitcoin will continue to increase in price and value. Bitcoin has gone past the stage where it requires investors and institutions to thrive. Sure they add to it but there are other factors too.

There is nothing there to plan, just keep DCAing as always and you will be just fine.

This is a huge paradigm change if am correct and it's good it's unfolding before our very eyes and I pity anyone who hear and learns about Bitcoin now and has never done any bit of investment in it, because a time would come when it becomes so much more expensive of an asset to afford just as gold bars once was and the value may be a discouraging factor to investors that may want to invest at that time.
It might be risky when big shifts happen, but it's evolution right before our eyes.

[Bluebird1357]

Governments of different countries, various financial corporations, large financial institutions and the world's largest investment institutions are giving special importance to Bitcoin. For this reason, your points seem logical to me. We should think about Bitcoin anew. This may be proving that Bitcoin will have an impact on everyone in the near future. Another thing, recently Elon Musk  said something that there will come a time in the future when money will have no value. So in my view, Bitcoin should be thought about anew socially and economically, and the government should take a farsighted decision in this regard.

[Nathrixxx]

Governments of different countries, various financial corporations, large financial institutions and the world's largest investment institutions are giving special importance to Bitcoin.

We can see that this is part of the reason for Bitcoin Clarity Act and the reason why we are seeing a massive increase in the institutional adoption rate because of Bitcoin ETFs, now many actors that have been fighting against it existence now begin to see the relevance why they should only but support for its adoption, the far we go the better it becomes for everyone of us who are into the system earlier than never.