Quote from: NewageofBTC on November 09, 2024, 03:49:48 AM

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.
2. All spot, futures and options transactions of Bitcoin are liberalized, and the market can influence the exchange rate through Bitcoin transactions.
3. When the price of Bitcoin rises to a very high position, its volatility will become smaller, and Bitcoin will be more conducive to trading and hedging. Its use value is prominent.
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.
5. Most Bitcoins will be concentrated in the hands of countries, large companies, financial institutions and wealthy people for value preservation and transactions. The degree of concentration exceeds that of gold, so that few people can own a complete Bitcoin. Early Bitcoin investors can deposit Bitcoin in reputable financial institutions to obtain stable returns.

Maybe. That's a BIG maybe. Especially when politicians are known to move away from their promises once they get elected. If Trump proceeds as planned, the US will position itself as the leading force of the crypto/Blockchain industry. Other countries will copy it and establish Bitcoin reserves of their own. They're just waiting for the largest superpower in the world to make its move.

A very bright future awaits for Bitcoin as a Gold alternative. Maybe even Fiat if governments make it their official currency. A "hyperbitcoinized" world will surely decentralize the economy. BTC is so close towards reaching the $100k milestone. Maybe the next target is $1m? I can't wait for that to happen. Just keep "hodling" and forget about the rest. Wink