Re: How will other nations respond to US Bitcoin reserve proposal?
I have been thinking about some of the things that happened this year as they relate to Bitcoin and what could possibly happen next year. One thing that that filled my imagination is the reaction of other countries should the US start accumulating Bitcoin based on the promises of President Donald Trump. If this happens, chances are high that nations will be dragging who will hold more because no one wants to be left behind. Imagine what this will do to the price of a Bitcoin.
People have been thinking and asking questions, I am certain that Trump did not think this through before he pronounced it. He was desperate to win an election and indeed the people believed him and the market reacted in that direction. This may not be true when the real implementation starts and a single discouragement from Trump will have an adverse effect on the market. It has always been!But note that if the US can do this successfully, other nations will follow, however, I don't see how that will add to the USA or USD, if not subtracts. This means that Trump has "shot his country in the leg."
