Quote from: Charles-Tim on January 01, 2025, 01:07:44 PM

Quote from: virasog on December 31, 2024, 05:54:49 PM

Also the macro is extremely positive and with trump to take the oath on the 20th and then declaring bitcoin as a strategic reserve and all other macroeconomics indicating a very bullish 2025.

To not let this confuse people, not that Trump will be become the United States president on the 20th after the inauguration and immediately make bitcoin a strategic reserve. There are process that would be taken. Also what the federal reserve chair said is making some people to doubt if that would be possible. I hope bitcoin will be a strategic reserve among United States reserves. Many countries will join. Even many countries are planning to make bitcoin a strategic reserve.

Yeah, I have a feeling people are misunderstanding that as soon as Trump takes office he will announce plans to make Bitcoin national reserve and that will take effect immediately. Then other countries will follow the US example and start hoarding bitcoin like crazy, which will create a supply shock that will send prices skyrocketing by 2025...It sounds simple, but things are much more complicated than people think.

People just focus on Trump and think he will be able to make all the decisions but US law doesn't work that way, any important bill or executive order needs to be passed by Congress before it is sent to the president to sign and promulgate. And I guess people also overlooked the recent statements from the Fed about the idea of making bitcoin a reserve.

Honestly, it is still too early to believe that bitcoin can be used as a national strategic reserve.