Re: Everything you wanted to know about Bitcoin Strategic Reserve
The White House will release its first crypto policy report this Wednesday, July 30.
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A big moment is ahead, how much the government thinks about Bitcoin, how much change the Strategic Bitcoin Reserve will bring, it remains to be seen. From my point of view, the use of Bitcoin is very important for a fully economically strong country and to protect against inflation, so the government will not take any decision that will negatively affect Bitcoin.
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A big moment is ahead, how much the government thinks about Bitcoin, how much change the Strategic Bitcoin Reserve will bring, it remains to be seen. From my point of view, the use of Bitcoin is very important for a fully economically strong country and to protect against inflation, so the government will not take any decision that will negatively affect Bitcoin.
Donald Trump is talking about Bitcoin at almost every conference and press conference these days. On July 30th, there will be a big announcement is coming about Bitcoin. He also said today about bitcoin. If America starts seeing Bitcoin as an asset for its country, then the whole world will be much more interested in Bitcoin.
https://x.com/Cointelegraph/status/1949787225589178399?t=Sho2Kk9TgfcNpI9OS4_yhQ&s=19
Donald Trump today called Bitcoin a great thing. But we Bitcoin holders already know that it is a great thing. Bitcoin is the digital gold of the present and the future.
The current world is under inflationary pressure. Even the most powerful countries in the world are not able to escape this inflation. At such a time, they all need a reliable asset. Therefore, America is looking at Bitcoin as a strategic reserve asset. If Bitcoin is added to its reserves to combat this inflationary pressure, it will create a historic trend not only for the American people, but also for the entire global economy.
In this, countries following the United States will also start accepting Bitcoin as a reserve. In this, Bitcoin has the potential to gain global recognition. In this, there is a high possibility of Bitcoin price growth. And such a price increase will increase the demand for Bitcoin in countries with weak economies.
But in this situation, governments will want to keep Bitcoin under their control. Will this negatively impact the decentralized nature of Bitcoin?
In my opinion Bitcoin is a decentralized digital currency where there is no third party or ownership intervention. Now, whether it is a country's government or a company, if someone buys and holds a lot of Bitcoin, it will not have any effect on the decentralized nature of Bitcoin. If a country wants to buy and hold a lot of Bitcoin as their reserve, then the government of that country will have control over only the amount of Bitcoin that it has bought. Beyond that, they will not be able to control Bitcoin in any way. If the governments of a few countries want to hold Bitcoin as a reserve, then there is a possibility of reducing the flow of Bitcoin in the market. As a result, people will think that if they cannot buy Bitcoin now, then they may not be able to buy Bitcoin later, so the demand will increase a lot, and as a result, the price of Bitcoin will increase a lot.
Another thing to think about is how some big countries like USA, Russia and big institutions like BlackRock, MicroStrategy have started buying and holding a large amount of BTC. As a result, if the circulating supply of Bitcoin in the market decreases, the price will increase a lot, several times more than it is now. Then people may show interest in other coins for a few days, many may start buying those altcoins. Even if that happens, it will not be able to last long. Because no digital currency will become as safe and trusted as Bitcoin. So people will come back to Bitcoin.