Quote from: shield132 on February 02, 2025, 09:33:56 AM

Quote from: Lucius on January 30, 2025, 12:23:53 PM

People pay more attention to a certain president and his promises, while on the other hand, news like this can have a much greater impact on the price of BTC

That's how it works. People don't have the skills to analyze the fact that banks keeping 2% of their assets in crypto will have more power on the price than Trump's any statements. People think that, for example, if Trump buys, then it's cool and everyone will buy while they don't analyze the real power of 188 trillion dollars.

The world is becoming an increasingly strange place, because it's hard for me to explain to myself why the average person chooses complete chaos instead of some kind of stability and balance, and why people are fascinated with what we were once taught was completely wrong and undesirable. Donald and his "friends" have already amassed millions through their worthless meme coins, and now they have that greedy smile on their face because they know they can do it for at least another 4 years.

Banks are, of course, a much more important story that everyone should be focused on, but not only because they have the green light to allocate part of their assets to cryptocurrencies, but also because a paradox is happening in which not only banks, but also large companies and funds are trying to use BTC for their own profit - and for more than 10 years they have not only spoken against BTC, but also financed various fools to spread anti-BTC agendas.

What I want to say is that, on the one hand, all this potential money can contribute to the growth of the BTC price - but in the not so distant future, the majority of BTC could be found in the possession of banks, funds and companies - while also control over the largest mining farms could be held by these same entities.

It is no secret that BlackRock bought large shares in the largest mining farms, and that it clearly wrote that it retains the right to decide which chain will follow in the case of a fork, with the emphasis that it may be the chain that will not have the greatest support.

This will be a big challenge for BTC in terms of remaining as it is today, which means with a clearly defined max supply and being decentralized and based on PoW.