Quote from: BoB_Bass on December 08, 2024, 09:17:38 PM

I think that the reason that previous US administrations have not been particularly supportive of Bitcoin is because they realised it could be the biggest threat to the Dollar as the main currency for international trade. Especially for oil. Trump is not a very intellectually mature thinker. Right now he is getting a lot of flattery from pro Bitcoin guys and that has translated into the pump we are currently experiencing. But if somebody were to advise him that pumping Bitcoin could be harmful to the position of the Petrodollar I wonder if that would cause him to withdraw his support? That's the biggest threat to this bull run in my opinion. Even if that were to happen though, I think there is enough intertest in Bitcoin right now that plenty others, from retail to nation states, to jump in there and buy the dip.

It's funny though, every bull run people are saying "this time it's different" and nobody thinks it can crash. Until it does.

And if that is what they are considering then it's true it will definitely be a treat to there dollar and they will want to consider there action very well and this is one of the reasons they won't have a choice than to be very serious when it comes to making this kind of decision, in all sense they will consider dollar before they consider any other thing, they are very protective of there currency and I don't blame them dollar have been dominating and letting another currency take place will make everything more complicated amd is better for them to decide now than to invest later that is the mistake that most people make when they see the opportunity they complain a lot without any serious excuses, it is better to make a quick decision. It is better to plan ahead so that it won't be late. And trump is a bussiness man and his coming is with a blessing and that is why the moment trump started making steps of buying bitcoin and this should be know that bitcoin is going to pump for sure so news like this is what we want because the market will be for sure.