If Trump fulfills his previous promise to establish a national reserve of Bitcoin and deregulate, perhaps Bitcoin will enter a new age.
1. The United States' purchase of Bitcoin as a reserve will drive up the price of Bitcoin, while also driving other countries and large companies and financial institutions to buy Bitcoin, further pushing up the price.
That will be the stupidest thing to happen in a recent history. The USA buying Bitcoins? C'mon, the USA is not El Salvador. The USA affects the whole world, one tiny mistake and their empire will fall down. Why should they invest in coin that's easily manipulated at the moment? One post from Elon Musk destroyed Bitcoin 4 years ago and I believe it's still that vulnerable.
4. Bitcoin may become a tool for inter-country payment. This is very important. For example. The BRICS countries hope to get rid of the US dollar and use their own currency for settlement, but they cannot reach a consensus. Russia once exported arms products to India and received Indian rupees, but they found that no country was willing to accept rupees. If the contract is settled in Bitcoin. Russia can use the Bitcoin received from India to buy the products it needs from China or North Korea. To achieve this scenario. Bitcoin must be maintained at a stable high level. And it must be recognized by most countries. The BRICS countries want to create their own digital currency. In my opinion, this idea is difficult to achieve due to the different demands of all parties. Satoshi Nakamoto invented Bitcoin without selfish motives, which is the most fair to all parties. Early Bitcoin advocates tried to promote the use of Bitcoin for daily payments, but this is purely a game and very inefficient. Bitcoin is only viable in large payments.
BRICS countries trade with billions of dollars with each-other. Do you know how many billions are traded every year between these countries? You shouldn't imagine one trade, you should imagine multiple trades, it's like a chain. Will they be able to exchange thousands of Bitcoins every day? This is a very hard scheme, Bitcoin is volatile and if BRICS uses Bitcoin, with a good strategy they can easily be liquidated if the USA succeeds to ruin Bitcoin's price. Also, with whom are they going to trade Bitcoins? They have to exchange it, right? They won't be able to exchange it with West. I have so much to write but it will take so much time, but one thing is clear, Bitcoin is not a tool for global payments and at the moment, it's not a good opponent of gold for storing world wealth.