This was certainly the headline:
“Trump proposes strategic national crypto stockpile: ‘Never sell your bitcoin’”
https://www.cnbc.com/2024/07/27/trump-bitcoin-conference-harris.html“The Biden-Harris administration’s repression of crypto and bitcoin is wrong and it’s very bad for our country,” Trump said. “Let me tell you if they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things that you wouldn’t believe.”
It is no doubt that the current US administration is very hostile about cryptocurrency. They are harrassing individuals as well as the business corporations at their will. They are imposing fines in tune of billion dollars to break the financial backbone of the crypto industry. That needs to change!
However the last thing I would do is to believe a politician. Is expected to win the election. But until you see some actions, there's no reason to believe him.
The current US administration makes it very obvious for the bitcoin community that bitcoin is nothing but an unreliable and valueless currency in the long run, so it has no place in any financial institutions.
However, with Trump, there's always a promise for a new beginning and promotion, but we all know this could be another kind of a trap. No one should trust words coming from a politician, not until he's serious enough and meant every word that he says or speaks.
It's a complete contract, with the Biden administration as compare to Trump, who seems to be pro crypto now and put it on the spotlight again in this years Presidential election. So I guess the answer is why not? I mean if Trump can bring crypto closer to the biggest economy then they should be happy.
We have seen reports though that Russia is trying to circumvent the sanctions that has been put by the US on them because of the war. So it's two fold, in can help bolsters country if they uses it as a national reserved. Or what Russia is doing, embracing crypto with the intent on going around the sanctions on them.
Which one is the lesser evil?