Quote from: cryptoaddictchie on July 01, 2025, 03:55:23 AM

Quote from: CryptoBuds on July 01, 2025, 03:45:23 AM

MicroStrategy and El Salvador were pioneers in using bitcoin as a reserve asset, and it was the SEC's approval of bitcoin ETFs that created a domino effect. Trump is just a small contributor to this idea, he is not the first person to come up with and promote this idea.

Yeah agreed on that those two are major pioneer om that front. But when Trump running for President and express his pro crypto and will support it when he wins. What happened on bitcoin price? Maybe thats something worth credited too imo. Plus why the companies doing it now, when Trump is the President and not during those time with Microstratrgy and El Salvador? Maybe noise can turn it around with something like Trump.

I am not denying Trump's contributions and influence on the development of cryptocurrencies since he took office, and what I am saying is that not all the credit belongs to Trump.

Institutions and companies are in no rush to join the race to accumulate or turn bitcoin into a reserve currency because everything takes time. They need to evaluate the impact and benefits that Microstrategy or El Salvador receive from bitcoin investment, as well as the performance of bitcoin ETFs to assess bitcoin's potential. That's how businesses work, they will always be cautious with new investments and that's why we only see small companies coming in during this time. Big companies like Apple, Nvidia, Meta or Microsoft...are still out of the game and just observing. If Trump is really reputable and they trust Trump, why haven't the big guys made any moves on Bitcoin yet?