Look, Donald Trump is just one person in this whole decentralized bitcoin scene. He’s tied up with the power regulations in the US, and he can’t control the entire market’s behavior. Sure, he can stir things up, and his microeconomic news is already making waves in the market.
But that doesn’t mean bitcoin can’t bounce back or see some good changes without him being involved. We can just sit back and watch as stock market investors start realizing they’re losing more on stocks, and that the USD isn’t really a safe bet anymore. Eventually, they might shift their focus to bitcoin.
When that happens, bitcoin could really take off. And remember, Trump used to be anti-bitcoin! It was only his political ambitions that made him flip to being pro-bitcoin.
Now imagine if his suggestions to Congress about creating a US bitcoin reserve are just for show, and in the end, they get shut down by the Senate. It could be a plan to make it seem like he's trying to keep his promises, but then it doesn’t actually happen. So, to those of you who are hanging your hopes on the US buying bitcoin as part of this reserve plan, think twice. Trump’s support for bitcoin might not be all that it seems. Let’s just keep an eye on things and see what unfolds.
Not yet a law but there was already an executive order about that.
Trump Signs Executive Order Officially Establishing Crypto Reserve
This is already a promising start in delivering on his pro-crypto pledges. As enthusiasts, we should support leaders who actively push for adoption especially if these efforts become formalized into law. The U.S. might then begin accumulating crypto reserves to maintain its global leadership position.
And when this happened, the implications extend far beyond America as once legislation passes, other nations will likely follow suit by establishing their own digital asset reserves. So,for investors like us, this creates the ideal scenario: surging institutional demand meeting Bitcoin's limited supply, that's a perfect formula for a profitable investment.
Yes I concur that if this reserve proposal is implemented and inducted into laws, the efforts of the US buying of bitcoin and hodling will be a benefit for investors as their higher amount of purchasing values as period of holding will be sufficient enough to push prices up.
My otherwise reasoning is that every of the speculated Trump moves towards this proposed bitcoin reserve achievement should not end up a nightmare where the uncertainty of adopting it into the law should not be voided.
There's no buying, he already said that he is not willing to spend taxpayers money to buy Bitcoin or sell their Gold->Bitcoin. So it's better to really forget our expectations that they are going to buy Bitcoin and make it a reserved.
And now that will all the tariff imposed to more countries, the Bitcoin market, is being pulled down because of this. So it's very hard to see the price falling from $109k->$76k all because of Trump's decision. So yeah, it's better to stay away from him for now and just continue to accumulate.
Do you think that can help them get out of their debts? Even if the US were to miraculously become the owner of all cryptocurrencies that currently exist, it would only have $2.45 trillion of something that is actually worth much less than the marketcap shows.
You only have one big problem with that, because in these strategic reserves there are various altcoins that are mostly pretty insignificant to even be there, and they are obviously there because their owners paid for it. It is true that they say that these reserves will also contain BTC, but in what percentage is not specified, is it?
Besides, after the chaos they caused around the world, should we expect other countries to follow the example of creating strategic reserves with cryptocurrencies? Maybe the time "we do the same as they do" is a thing of the past?
I'm pretty optimistic with the reserve proposal, but don't really think price will get affected immediately, there's high chance that the price of bitcoin for the strategic reserve is already priced in anyway but im seeking for long term effect which is increased adoption mainly from passive investors.
personally, since there are many pro bitcoin people around him and supports him, I think there's big chance that the proposal will go through.
by the way, I don't even think the US gonna buy bitcoin, at least I can't see it to play out like that for now.
If it is the proposal i surely believe it will go through. My problem is still focused on the long-term benefit of the reserve. Let it not be that after the reserve in a short while the effect will take place benefiting only few investors with enough bitcoin in their portfolio. It should be a one class thing; the effect of course will be positive anyway they plan it. Although there is always a catch to whatever trump is planning. At times i feel a kind of doubt in his policies but this time i will give him a benefit of doubt for as long as the reserve is yet to be implemented.
What makes you think the strategic bitcoin reserve proposal will pass?
As far as I know, the Republicans hold 219 seats, the Democrats hold 210 seats in the House of Representatives, while they hold 52 seats and the Democrats hold 48 seats in the Senate. Republicans have a majority in Congress, which would make it easier to pass Trump's proposals, but the gap between the two parties is too narrow. However, as we all know, Democrats don't like Bitcoin and not all Republicans support every one of Trump's ideas and many have openly expressed their dislike for bitcoin.
So I have the opposite opinion to you, I bet that if this proposal was presented to parliament, it would be quickly eliminated.
So apparently if the US don't buy that means the proposed for the federal fund reserve on bitcoin by the US was just going to be leaned on the recovered stolen bitcoins?
And we will see it that Trump and his surrounded bitcoin pro's are doing something worth accolades? And we think other countries will follow suit adopting the reserve strategies too? That is a no no no and moreover if they don't buy, that their value treasure reserve won't make any new significant market performance.
So therefore, nothing will be interesting about the craving implementation of the reserve speculations not until they buys which I believe even if they don't buy now, they will still buy in the future time because they would want to increase their treasure values but drastically.
Firstly I don't trust politicians, especially any promises that they make during their campaigns, I know that they will say anything that will make the majority of the citizens to vote for them. About Trump, and his interest in Bitcoin during his campaign, I think that we should not be too quick to judge him yet, let us give his administration more time to see if they can push for the implementation of a Bitcoin reserve. We cannot deny the impact that a Bitcoin reserve in the US will have on it's price and adoption, it will activate a bullish trend but if the proposal doesn't actualize, Bitcoin can still reach ATH now or in the future.
Well, I don't trust Trump at all, but the fact that he has the power to pump and dump the market is what makes the market more exciting. I don't want him to manipulate the market, but the problem is, many investors are reacting based on what he's tweeting, and depending on them, you can maximize it especially when you're trading.
I'm not expecting too much about Trump and the US Strategic Reserve, but the fact that it already became an EO is the first step towards them really pursuing it in the future. I don't know when they will start buying, but this could push the price even higher. Let's not forget that the market is heavily driven with the sentiments of the investors so if they see this as a positive news, there's a chance that the market will pump hence, a perfect opportunity to make money from it.
I don't like Trump manipulating the market, but traders can make or lose money depending on the situation.
You should share this on X since that's the place where people take very seriously what Trump and other big influencers say something related to Bitcoin. But I think even the next 10 years or 20 years, people are still believing in big influencers, because even now people still trust Trump despite his inconsistency.
I haven't see someone tweet went viral after saying the truth, most likely getting bullied or hated.
The charts are the only valid unbiased way to read the markets and its a very muddy picture but still I prefer that to reading news and expecting to avoid nonsense. The BTC market has traded near the yearly average for 7 weeks now, pretty long time though the distance has varied its become more aligned to that measure.
In the last 5 weeks we havent closed past a 6k range for BTC, thats strangely calm considering the recent context vs other markets, I can only assume this is the calm before the storm. That could be a bullish move if we leave and confirm higher or it could be the negative for BTC breaks this area and significantly trades down or at least attempts that. Im bullish from a recovery occurring here but so far Im just seeing sideways which lends no confidence till a direction is found beyond this range.
It is becoming so strange how Trump's administration have refused to have a positive impact on bitcoin even after making waves after the polls. Bitcoin loosing over 25- 30k during this period is crazy and no single investor should still fool around with the Trump's influence. Until further option, Joe Biden still holds the ATH record for bitcoin maybe Trump may see that feat before the end of his tenure. Buying rumours to sell the news" is better in bitcoin investment but instead many bought the news simply because of Trump.