Post
Topic
Board Bitcoin Discussion
Re: How will other nations respond to US Bitcoin reserve proposal?
by
john_egbert
on 12/12/2024, 11:41:45 UTC
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.

Anyways, this is just my imagination
One good characteristic of Bitcoin growth Ia scarcity. For bitcoin to increase rapidly, it must gain attention /recorgnition and adoption. When bitcoin is fully adopted by many investors expecially the HODLers who store bitcoin for a longer time, Then bitcoin will fully unleash it's mission. I believe other countries will adopt bitcoin fully if Trump start to execute his plan and this is a great vision for bitcoin.

It will change the landscape in the space for sure - but for now, it's all words and promises.
But as I see - many countries, cities, and organizations are doing something with BTC.
Which is great, to say the least.