I've been hearing a lot about Trump and other world leaders, big corporations, and countries and how they can impact Bitcoin and make it grow. While I agree that these people can impact Bitcoin, Bitcoin does not revolve around them.
Bitcoin has grown so much without a federal reserve from the US or China. In less than 15 years bitcoin got a market cap of over $1 trillion without having presidents pushing for it or a leading economy having a bitcoin reserve, so why does it now seem like without these people or these things bitcoin can't get bigger than it is currently? Bitcoin got to this level in a time when there were so many regulations and scepticism, a time when some people made it their side hustle to make sure they shit on bitcoin, despite all these, bitcoin soared.
The point I'm trying to make is that Bitcoin will keep growing and getting bigger without reserves so we shouldn't see these things or people as the authors and finishers of bitcoin. Don't get me wrong, I'm fully aware of the significance of a bitcoin reserve in the US, but bitcoin doesn't need a reserve to succeed. It simply needs the market to keep trusting in it. Even with a reserve and people don't trust it, it will be worthless.
The reason for the talk of reserves and the reason for big corporations getting into bitcoin is to make a profit, which means they need bitcoin to make a profit, but bitcoin doesn't need them to grow and that's why I said they need bitcoin more than bitcoin needs them.
Yes I was also having similar thoughts because the way many where going about Donald Trumps and bitcoin, his promises during his campaign. How he is going to influence bitcoin price and other stuff, leaves me to be wondering if bitcoin has been going up as results of individual or some few sets of people that develop interest in it. No doubt there was actually a great correction in price after Donald Trump won the election so it possible that bitcoin won't have gotten to that price without us president involvement.