Quote from: Minor Miner on November 14, 2024, 05:41:32 PM

Bitcoin could be an alternative to gold as a store of value or a more potential investment. But I don't think the government will legalize bitcoin as a legal currency, use it to replace fiat and make the economy decentralized. The economy would quickly collapse if it became decentralized and lost government control, I don't want that to happen just for bitcoin to become popular as a currency. Not everything that becomes decentralized and out of control ends well, sometimes centralization is necessary in some areas.

If Trump keeps his promise and makes bitcoin a strategic reserve, the $1 million per bitcoin goal will not only become a reality but will come sooner than we think.

I don't think the government will allow for bitcoin to be legalize and if to replace gold is going to be very hard because if you look at gold its recorgniced all over the world and most countries use it as a foreign reserve and countries like us that I know of since they can not use their own currency to be in their own foreign reserve so the idea of using gold is actually a brilliant one, just that is not all countries that can afford to use gold as their foreign reserve.

And people are trusting trump a lot when it comes to making decisions for bitcoin and that is one of the reasons that people wanted to elect him, because they wil do everything possible to elect someone that will put the intrest of bitcoin first. And that is why trump was selected and both centralized and decentralized they both have their disadvantages so it is left for which one anyone is comfortable with.

And it will be difficult for trump to accomplish that I don't think they will accept bitcoin as reserve after they have been using gold for ages now so bitcoin can be accepted but for it to be a foreign reserve is going to be a very hard string to pull.