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.
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.
Wasn't Bitcoin's motto "fix the money, fix the world"? Then how come decentralizing the economy will ruin it all? On the contrary, separating money from the state will help us be free from central banks' draconian policies. They won't be able to print money at will like they used to do with Fiat. It's just that governments don't want to give up control by surrendering Fiat currencies in favor of Bitcoin.
What Trump will only do is make an strategic Bitcoin reserve. That's if he keeps up with his promises. If El Salvador didn't abandon the USD in favor of BTC (even though BTC was made legal tender), what makes you think other countries will? With Bitcoin's limited transaction capacity, don't expect it to be used as digital cash ever. It's fine as a store of value. Next goal is to surpass (or replace) Gold's market cap. Who knows how many years will it take for this to happen?
