Topic: Btc new oil for USA (Read 627 times)

https://www.youtube.com/watch?v=Yo4WF3cSd9Q

You also forgot to mention that when BTC gets cheaper, then a merchant that accepts BTC will actually get more satoshis for a product/service that he sold... that's not a bad thing.

Regarding fiat "stability", it's a myth.

Sure, you may argue that USD or EUR don't experience 5-10% volatility in a single day, but they're still volatile currencies (I still see different prices every time I visit the supermarket).

I remember back in 2008 you could get 160 USD with 100 EUR. Now you only get 108 USD... not to mention that people's wages have fallen.

Gold is volatile too. Houses are volatile too (remember the housing crisis back in 2008?).

In fact there is nothing stable in this universe:



I get it, Homo Sapiens is a deeply insecure species and will always seek "security/stability", but this is an exercise in futility. It would go against the universe's laws to achieve 100% stability and 0% risk.

1 btc still equals to 1 btc?  

Isn't this what we are saying every time we encounter the volatility argument?

USD is a get poor slow scheme, It will surely make you poor in the next 20 years. > get poor slow

BTC is a get rich fast, get poor even faster scheme.

On a 5-10 year period, btc will surely make you rich. > get rich quick
On a 1 month period, it might make you 50% poorer. > get poor very fast

That's how bitcoin has been since the beginning. It is all about having a choice. Depending on what they want, they have the option to:

1- get poor slow,
2- get rich fast, or
3- get poor very fast  

I mean think about it, if you are a rich company like them, and you are making a lot of money, does it really matter to you if it is in dollars or in anything else? They do not really care and they will end up with as much profit as they would like to and they will continue that way for a long time.

I get that it is not going to be that easy, and I know that it is going to take a while, but they are not doing business just in the USA anyway, they are dealing with foreign companies as well, so they are used to earning money in different currency forms, in this case it is not euro, it is not yuan, but it is bitcoin and they must be fine about it. Think about it we are talking about as much profit as we can for them so they are probably quite happy.

Shhh, don't mention the truth, you'll have the de-dollarization crowd in tears!

Every single day you hear how this and that won;t be priced in dollars yet every single topic about bitcoin and the price here mentions dollars, not yuans, not rupiah, not rubles and not rials, nobody knows how much a BTC is in those toilet paper currencies but magically some think they will replace the $ with it!

Is there a FED meeting in 2 months, everyone bites his nails waiting for it and doesn't even know the rest of the world is also playing with interest rates but nobody cares about them.

There were ETF in the rest of the world, and nobody cared, once launched in the US price went 2x, and Blackrock launched an ETF in Brazil...crickets!
Haters gonna hate...



It's not, of course, gambling is a $300 billion industry in the US, but do you expect reliable information from somebody who hates the US to the core because of propaganda while never setting foot there?

The scenario was for if US banned bitcoin and other cryptocurrencies, not now. Stake.com only works with cryptos not money. It is also located in Curaçao (an island outside US jurisdiction) so it is a bit harder to ban; and even with that the site is only available in certain states not all 50 due to their different regulations (like it is unavailable in Washington, New York, Nevada, etc.).

Apart from that, legal expertise is required to answer how they're "bending the rules".

I do agree that government can do that whenever they want to, they can cover all of coinbase today and take all the bitcoins there, and nothing would stop them from doing it. Then they will say they will pay people back, but they will do that in dollars, meaning they will take the price of bitcoin at that period, and then they will pay that amount of dollar, no matter if bitcoin went up.

This is quite sad but they do have that right, this means that they "think" coinbase is doing something illegal and they just felt the need to intervene, and since they are paying everyone their money back, they are not really seizing the money of the innocent, they are giving it back after all. But they would gain from it without a doubt.

Big money is everywhere, they look for places to invest.
There is way too much money in this world. 

Yeah agree. Bitcoin is just one of those investment that BlackRock chose because of it's high potential and also being a future proof investment. Bitcoin is very volatile for such a trade especially in oil and I think dollar is still the currency of choice for such transactions but still depends on what trader prefer but I haven't heard Bitcoin yet being used in a trade of oil.

The big guns like BlackRock getting into Bitcoin isn't just a casual move, it's a game-changer. Bitcoin's limited supply and promise of financial freedom make it a hot commodity especially as an alternative to traditional currencies. With BlackRock controlling massive retirement funds in Europe and having deep pockets, Bitcoin's ascent seems inevitable. This could turn Bitcoin into a go-to currency, with the USD as its gateway. As BlackRock scoops up Bitcoin, it could become the norm to trade it for USD. This shift, along with the rise of stablecoins like USDT and USDC, will reshape the crypto landscape, influenced by global events like wars and currency crashes

USD is the standard, we measure Bitcoins into USD and then convert that value into other currencies, that's how everyone calculates Bitcoin's price.

It's hilarious how hundreds of people from my nation pay tens of thousands of dollars every day to cross the Mexica-American border to migrate to the United States but you want to leave that country. To be fair, I'm lost in vein, people locally say that the USA is great if you are not a lazy person and life is great in America but American people on this forum and on every online forum complain how shit America is and how they want to migrate somewhere else. I don't understand who says the truth because people from my nation who went to America, bought cars, and houses and have a successful life.

Is it really prohibited? Then how does Stake.us exist?

Laws being old don't nullify them. For example the right to keep and bear arms is one of the oldest laws in USA. The Federal Wire Act being old is the same, it has had addendums and has been interpreted as to include "gambling over the Internet" in different states.

What the details of it is and what falls under being "online gambling" is something that an actual lawyer can answer, not me.

Besides, I was just pointing out that in the scenario that the US government decides to ban bitcoin they can and will extend that ban to a lot of things like online gambling and they already have a Federal Law for it to justify that.
AFAICT there are other acts that also prohibit gambling over the internet that are newer.

I don't think that the US will make Bitcoin or at least other currency to replace their dollar. It's a radical change and it won't simply happen. US, despite who will be the sitting President and what party he/she is, they won't abide by that. Good thing if they will support Bitcoin but so far that is not the case.

Blackrock is a huge financial entity, trillions worth, but I also doubt that they will let crypto takes over. For them it's business as usual, if they can make money out of it and continue to dominate the world order then they will jump on the hype and that's what they are doing right now.

You assume that the population will keep increasing (this spurs economic growth -> more GDP/CO2)...

What if the human population is on a decline? What if there are only 500 million people left by 2050? (Net Zero is hard to achieve otherwise)

I know this sounds like a radical idea (lots of people will ponder how this can be achieved), but think about it for a moment... a deflationary currency makes total sense with a declining population. No?

Widespread adoption by major economies like the US.  Replacing the USD with Bitcoin is a radical notion, with significant economic and technological hurdles. The "unlimited supply" of USD as a weakness, but replacing it with a finite asset like Bitcoin presents its own challenges.  Imagine a society where the money supply is inflexible, potentially hindering economic growth.

Blackrock's purchase of Bitcoin is a case in point.  It represents a diversification strategy, not necessarily a mass adoption of Bitcoin as a transactional currency.  People do need oil, but widespread use of electric vehicles could disrupt the oil market.  Similarly, alternative cryptocurrencies like LTC or Doge could challenge Bitcoin's dominance for everyday transactions.

Is this still a thing?

Back in 1961 internet (ARPANET) didn't even exist... telephone lines existed, granted, but it was 100% circuit-switching.

And what about modern video games/lootboxes (i.e. Fortnite) operating over the internet? Isn't that a form of gambling?

All these antiquated laws mean nothing IMHO, especially if they're not being enforced.

It's called "tainted coins" and it has nothing to do with other countries in the free world. Such bans would be enforced domestically and in the colonies.

For example in such a ban scenario, if you live in USA and have traded bitcoin on Bisq which is a decentralized exchange that US can not control, they consider your coins tainted and you'd be considered a criminal and they can attach terms such as "terrorism" and "national security" to it and raid your home.

Or for example if you made a bet online in a crypto casino (or maybe even advertised one and get paid by the company), since "internet gambling" is also illegal in United States under the Wire Act of 1961, you'd be considered a double criminal.
and so on.

Bitcoin won't really be significantly affected though. It will still continue as decentralized as before. Just like when China started increasing its "ban laws" against Bitcoin, nothing changed despite China having a much bigger impact on Bitcoin with its much bigger share of the trading volume, hashrate and even ASIC manufacturing.

We've heard this argument before... people who bought at 68k (2021 ATH). We saw BTC reaching 73k one week ago.

Nobody has lost anything. It's called unrealized losses for a reason.

Normies (ordinary people) need to have a low time preference, otherwise BTC is not for them.

Either you prefer BTC for its long term benefits (higher appreciation), or you prefer fiat currencies for their short-term "stability" and guaranteed long-term depreciation.

Red vs blue pill. The choice is yours.

Yes, I am aware of this information, but.. I was not mistaken

We're talking about slightly different things. I’m talking specifically about the country’s transition to Bitcoin as the official currency. Those. it is accepted by everyone and everywhere, taxes are paid in it, and the budget is formed in it. This is the adoption of Bitcoin as a state, official currency.
You say a little friend - indeed, El Salvador became the first country to accept Bitcoin as legal tender. And this is a slightly different concept. It is essentially an official alternative payment asset.

By the way, a question - what do you think are the feelings now experienced by ordinary residents of El Salvador, who, for example, a week ago transferred their income to Bitcoin and today have lost more than 12%?

USA is not what it used to be... by 2030 it will be completely unrecognizable.

Worth a read:

https://brandonquittem.com/bitcoin-rhythms-of-history/

So the Great USA will claim that btc is in an exchange that holds bad coins terrorist coins.

Thus exchanges like binance will be in 'trouble' since they have coins from IRAN.

Right now multiple pools ban some txs it is more likely this will all be a way to crash btc in the 'name of peace' .  Fuck countries simply find ways to fuck shit up.

I never thought as a child I would want to leave the USA and live more or less alone in a less crowded part of the world , but now I do.

I don't think that the USA are ready to mix the politics with Bitcoin, and already they have their hands full with this whole Ukraine war support and the elections coming up...I don't think this new Oil line will be a great selling point for the politicians!!!

Btw, if BTC was really considered as the new Oil..
price wouldn't be at free fall just as what we seeing at the moment... whatever is going on too early to tell 

When we said oil we are talking of natural resources, but bitcoin is digital currency that is been built for assistance of traditional currency, we should know that cryptocurrency is different from traditional currency, its difficult currently for government to accept or legalize bitcoin they will also find it unworthy, so therefore, bitcoin can not be American oil because government of America is not fully in support of bitcoin so they will not sudden change

That is why BTC is a decentralized currency that is not control by the government but any government can adopt it for their people to have access to it freely to know what it will bring if they invest their money to it during the bear season which is the right time people use to take the step to invest in BTC.

I know many of them will not like to join mining because, is not an easy work for lazy people and if you are not careful you will not earn anything from it which is the reason many miners use to quit the work to look for other means, where they can get the money to invest in BTC so that they will have hope of winning profits at the end.

Its next to impossible that USA will replace their mother currency that has made them rule the world by many years. Yes they can you know allow BTC in its major industrial and international payments sector but they will never replace USD. Still the big area of the armoury is controlled by the USA and they could make the transactions happen through BTC.

But still it depends on the other European union whether they will support the USA in this or not. Due to the economical conditions the USA cannot alone do that and it's very crucial that the USA needs to settle down its economical conditions otherwise they will face a major setback in this world of evolution and power regulation.

Either we adopt Lightning, or perhaps the population collapses in the future... fewer people could make it with a deflationary currency.

Yeah but we need to think about the scalability also. If something is getting highly valued then it doesnt mean that we can just go ahead and start adopting it on global scale. The bitcoin's limited circulation can also get it into trouble at some point because we can not make tiny transactions with it if one satoshi costs 100 bucks in the future!

Let us give it second thought by stopping our positive approach towards it for next two minutes. What do you see? A model that can fail because of it's own roadmap that was designed to sustain for very long period of time.

Big financial institutes are already holding more than millions of bitcoins in their fat wallets. This could be disturbing if we try to replace vital financial options or investment opportunities.

Bitcoin's finite supply is undoubtedly one of its most intriguing features. Unlike traditional resources, where extraction costs can increase, Bitcoin's scarcity is mathematically guaranteed.  With over 19 million Bitcoins already mined, the remaining 2 million will be slowly released over the next century.

This scarcity has led some to view Bitcoin as a "digital gold," a store of value in an increasingly digital world.  Gold's limited supply has historically made it a hedge against inflation.  Similarly, Bitcoin's proponents believe its finite nature will give it long-term value.

Furthermore, the growing acceptance of Bitcoin as an investment asset adds another layer of intrigue.  Imagine a world where Bitcoin is not just a fringe technology, but a mainstream investment option, traded alongside stocks and bonds.  This growing adoption could potentially influence its value.

USA may invest or accumulate the seized Bitcoins which it has been doing for a while especially those related to crime related but they can never control Bitcoin like they do oil and other natural resources because Bitcoin is decentralised they can never control it they may at times try manipulating the market but those would have very limited affect on Bitcoin. Finally out of frustration they may just try making it hard for users to access it when they cannot control.

El Salvador uses BTC as a local currency.

https://insights.som.yale.edu/insights/el-salvador-adopted-bitcoin-as-an-official-currency-salvadorans-mostly-shrugged

You are wrong on that one.

https://en.wikipedia.org/wiki/Bitcoin_in_El_Salvador


You both are totally right about that one. I thought they switched from USD to BTC but I was wrong. I totally forgot about it. Now I remember they started using BTC alongside with USD. They didn't abandon USD completely. Maybe one day they will.

If your hypothesis is correct, we're going to witness yet another bear market in 2026-2027.

I also expect Taiwan's invasion by that timeframe... it could be Ukraine on steroids (in terms of financial crisis).

It might look scary how Blackrock is scooping all the Bitcoin they get there hands on but the question is, who own those coins? Blackrock is just an ETF providers more like a brokerage, when investors start selling their ETFs for profits, Black doesn't have choicr than to sell the Bitcoin under their custody and if they want act smart by holding the Bitcoin and using either their revenue or some investors money to pay off investors because they think it can go up, then I think we are going to likely experience FTX 2.0 because this was what they were doing until the scheme collapse.

We have other rich wallets that are even unknown and these wallets hold more than what Blackrock or any of these exchanges hold. I understand the fear now because having more than 500k BTC under 5 months is wild but I think it's just demand and timing due to bull run, as we approach bear market, expect the numbers to reduce as well. Just know that crypto investors know when they need to trust the government and know when to be smarter.

I expect BTC to be the famous "BRICS currency". Not a basket of fiat currencies (like the ECU was or the IMF SDR)...

Russia has been mining BTC in secrecy for quite some time already:

https://cointelegraph.com/news/russian-government-subsidies-crypto-mining-facility-in-siberia

BTC will be very useful for dedollarization. By 2030 we will see the endgame of the Great Currency Reset.

The missing link in all of these is that Bitcoin is decentralized. Government's can regulate and control natural resources as much as their powers allow. They've done with his with many natural resourcwa,, especially gold and crude oil. Bitcoin is different and should not be dragged into this conversation.

Bitcoin cannot be to the U.S what oil is or was.

I'm sorry, but... El Salvador did not give up the dollar. And does not use Bitcoin as a local currency. El Salvador is accumulating Bitcoin assets and using it as an investment asset. And also as an asset that attracts investors to the economy of El Salvador. Therefore, your conclusions based on this erroneous idea will also be erroneous. Sorry if this doesn't please you, but this is the real state of affairs.

I'm so tired of bitcoin being compared to all these commodities, we're already calling it a digital gold, now someone's saying it's oil because the US is trying to get their hands on the market, when will bitcoin become it's own thing and not just being compared or a better version of an investment or product that's not even remotely related to what bitcoin does, it's just tiring that to insert these metaphors, we always think of things that don't even make sense. Make this post make sense.

In regards to the reason why people are buying bitcoin, it's not the war, it's definitely the current price pump that's making all of this happen, people are feeling that FOMO fever again and these phenomenon repeats almost at a cycle, the difference is that in the background, there's some other significant event happening that's affecting the whole world and we think that it also affects the bitcoin market too when it's our reaction to that background phenomenon that's causing the market movements.

And when did Salvador ditch the USD? In the next life?


That's the funny thing that the alternative everyone is cheering for the US is an alliance of bitcoin-hating countries.
Almost every single one of them has a beef with it, China banning it, Egypt banning it and even making a religious thing out of the ban, both Russia and India are at one point thinking of banning the legalizing, then slapping a 30% tax on it, so it will turn really funny that in their desire to topple the USD they don't realize the US is already dominating the BTC market.
I really want to see the faces of these guys when BlackRock will have more than a million coins in their custody.

OP no doubt btc is much more valued and again the currency that works directly with btc is the USD, I don't really know why btc is valued in USD and also know that with this, the USD will continue to be one of the major currency considering the fact that the highest valued currency which btc is valued with it, before you came up with this thread, people already knows about it, that's why you see most coins flooding the market for people to make choice for themselves.
Everyone has equal right in btc, if blackrock buys btc that's good and fine, I think know one is against it but I know for sure that the only effect such move will cause to bitcoin is a bit pump up.
This thread sound to me like there is something that your want to tell us, just feel free we are open to hair it, though that's what I feel.

But not actually holding any real Bitcoin. It seems that they (ETFs) will work, attracting institutional money, but with a clear short-term/speculative vocation, so the new ATH can be unprecedented, but also the subsequent price drop.

I can tell you one thing, trading platforms have find a way to attract more investment capital with the introduction of these new Bitcoin ETFs. (So they are milking a new Cow)

They saw the need of investors, wanting to invest in Bitcoin.. but  not having to worry about having to worry about securing the coins and fighting over regulatory and tax issues.  

Bitcoin ETFs also brought institutional investors into the Bitcoin scene with lower risk offerings on a regulated and familiar platform.

Although the US government holds billions worth of Bitcoin, they aren't really investing in it. These coins are proceeds from their seizures of coins believed to be involved in illegal activities. Until now, the US government doesn't recognize that Bitcoin is a great investment choice.

Forget about BlackRock; it isn't the US government. And BlackRock doesn't own the Bitcoin that it has. These are funds of BlackRock clients. BlackRock doesn't have the authority over these funds. Furthermore, BlackRock's clients are from all over the world. They aren't exclusively US investors.

Blackrock will never be able to buy all or even majority of coins, nor do they have an intention to do so. The got into Bitcoin because investors want it so they will make money with it, they don't have any grand plans for it. And I seriously doubt that anyone can both artificially pump Bitcoin to high levels and fully take profits off it. Even if it good be pumped, there would be not a lot of depth and it would fall down quickly. And lastly, how would the US control global Bitcoin markets? They can't close local Bitcoin exchanges.

It won’t make really a difference unless USA replaces USD with bitcoin. Right now USD is a bad currency because it has unlimited supply. When blackrock buys btc, it is just another asset in their balance sheets. People need oil to drive their cars but people don’t necessarily need btc to send money. They could very well use ltc or doge for the same purpose. This may change quickly if USA dumps USD and use BTC like El Salvador does. That would drive btc’s price to infinity. Because there won’t be any USD around to name a price for btc.

What is the connection between oil and bitcoin op? Or do you mean that bitcoin is like oil? Do you mean this? Because bitcoin is what we call digital gold in this era, now you compare it to oil. But anyway, Bitcoin is for everyone.

That's why not everyone has an interest in Bitcoin, not everyone likes Bitcoin, and not everyone hates Bitcoin. But most people have a bad view of bitcoin when they don't know anything about it. But when they see the brighter side of Bitcoin, that's when they will see and understand the beauty of Bitcoin as a digital currency.

It is for everyone, in a way that it is decentralized but not all can use it for some reasons. This still can change later on though. A party can sometimes be free and so as the party we have here in BTC. I think there are also free mining services which lets us acquire BTC at no cost. They may not only be worthy. Setting up our own mining farm is not easy and it may not also be profitable.

If we want a hassle-free way of obtaining a BTC, it can be done through buying using our own money. Satoshi Nakamoto is the discoverer of BTC and some says that Satoshi is from USA. If it's true, well I guess the claim that USA discovered Bitcoin can also be valid?

I assume that the logic is that they just go take any oil they want, and use that as their power, they have energy sources that is bigger than almost most nations, and they just go take any they want or they just make a deal with some and become allies, like Saudi Arabia, to get it cheap etc etc.

All in all, Bitcoin could be the new form of power struggle, Russia is not heavily invested into it yet, and considering China is definitely not interested in right now, if Blackrock gets in and buys it all, they will use it as leverage on the dollar and make it more powerful against other currencies. They are not really comparing oil vs bitcoin, they are comparing the "logic" behind why USA is so interested in it, and is it similar to why they are interested in bitcoin too.

this Is a total bullshit. What's even the direct relationship between BTC and crude oil? If my elementary knowledge on the supply of crude isn't wrong, there is obviously no point in comparing Bitcoin to crude. Bitcoin is basically a decentralized finance that's limited in it supply unlike the crude that could be easily gotten from the different part of the world and continues replenishing itself with time.

The only assumption I have seen that relates Bitcoin to the price of oil is the assumption that the Higher oil prices tend to raise the cost of producing Bitcoins. Which is arguably to a very large extent.

The value of dollar isn't influence by BTC and as a matter of fact, if we are even considering major factors that influence how valuable and popular BTC is, we should be looking out for, currency reserve status, inflation, political stability, interest rates, speculation, trade deficits etc

That's a very good and interesting point you have raised there. The USA has always been good with its strategy and whenever the need arises the come up with a whole new concept and ideas. The crypto is from one of the things that can help the USA to get back to its actual worth and economical conditions. It's been a long time since the USA is struggling very much and they're facing repercussions on their decisions.

Now the point here to make is that they'll play around with things a little now to get something fit the whole scenario and then they'll scale that thing up to get back to their good economical conditions. BTC could be a part of the game and it might benefit some of the traders very much.

Exactly, there is no relationship between Bitcoin and any other asset. I don't know what people are now connecting everyone to Bitcoin. I guess this is what bull run can bring though, everyone's imagination is running. But during the bear market, lol, no one even mentions Bitcoin but giving them the negative publicity. Of course just like oil, maybe when you invest on them it will make you money. However, Bitcoin is on a different stratosphere, it's one of it's kind, it's crypto that we haven't seen, and it's obvious that the market is very young, just 10+ years and yet as we can see, it has taken the world by storm that it has been compared to gold before and now oil.

You guys have come again, fine, Bitcoin is doing well, but we should not overhype things. Bitcoin is just an investment means and there have been a whole lot of them before it, but you guys are too lousy about the coin, that's what I can say here. Also, I do not just see the correlation you link between it and oil, they are just not the same thing, and with all the assets I have witnessed and have dealt with, and all investment opportunities as well that are not in the form of assets, they have one thing in common, and that is the sure opportunities to make money. Bitcoin is not the first asset that has this sure opportunity to make money and those who are buying it at the current levels are even at high risk if I would tell you the truth.

I am not one of those Bitcointalk members who will be hiding things and start hyping Bitcoin too much, I will always tell the truth to you. This is not a big deal, and I had bought an ordinary land that yielded more than 2000% profits for me. Stocks and other investments have yielded way more for people, so we should calm down when it comes to Bitcoin so that people will not be confused and mistaken and start rebuking Bitcoin just like they did in the last bull run when they lost fortunes to it by buying at a high level. My advice is that people should always take Bitcoin as a normal asset and invest when they believe is right but not believe it is the saviour of the world, it is not.

Mind you, as it has its pros, it also has its cons, so let's be careful. It is only when we fully understand it that we will get to make money from it no matter how little. So let's rather be smart than overhyping it.

The price of BTC now, may have surpassed that of silver currently, but that doesn't still make BTC the new oil for USA.
You can't compare how much trust has been put into the petrodollar century where the world mostly conducts international trades with dollar.

Until the BRICS currency gets into full swing and many countries adopt it, the dollar and U.S oil market will still be more traded with than BTC, even with the spot ETF expected to attract big pocket investors.
It is only when BTC continues to deliver on its vision and mission as a currency of value and a good investment option, based on the demand and acceptance by many government, mostly after the halving; only then will it be the new oil for USA and other countries of the world.

You say too much speculation and your own conclusions. Bitcoin is not the new "oil" for America, and it will not be. When Blackrock dabbled in it, they just wanted to increase the popularity and take a small share of the game. In fact, they don't need to buy more Bitcoin to be able to provide a Bitcoin ETF, just a few thousand is enough, and they can make a profit from trading the 21 million Bitcoin ETF they provide.
There is no need to think too far, because Bitcoin will always belong to the community.

You are missing the whole reason why the US regime's scam with oil and dollar worked.

It is called Petrodollar, and it is US regime forcing everyone to use the US dollar when they want to trade oil. This created a monopoly and artificially strengthened the US dollar. The distinction you are missing is that it was never about having oil or how much oil you have, it is about forcing others to use dollar when trading oil.

They can not force anybody to use dollar when they want to trade bitcoin which means such monopoly can not be created regardless of what companies including Blackrock do, hence you can't even begin to compare the Petrodollar scam with what these companies are doing.

The reason is simple, there are many exchanges around the world that offer bitcoin markets against a wide variety of fiat currencies. The more popular bitcoin gets elsewhere, the more these exchanges grow.
That is not to mention the fact that people don't have to "exchange" fiat for bitcoin. Bitcoin is a currency and people can earn it just like they earn any other currency and it is global.

Chances are that they'll (BR) dump it into the market when they consider that the price is high enough, making great profit for them and also sending the message that Bitcoin (crypto) is not safe, in an orchestrated "double combo".

Well, you talked about conspiracy theories, that's another one

I can't agree more with you, as you can understand or add another factor to this is when 1 BTC is mined according to current price, $72k Dollars are printed or covered by 1 BTC. So guess how many BTC are there and how many are yet to come. USA is trying to control BTC, but unfortunately they can't do that, they might control or confiscate BTC only in the USA, but that would be like axing their own legs, because most of the nodes, validators and miners are in the USA, which means they will only cut there share and will be at loss which they won't and they will take BTC as oil and I fear they might cross the same limits with BTC that they crossed in getting oil. But there is no comparison between Oil and BTC.You have noticed well, but that's not mainly why the USD value increases, there are many other factors included too, as when the US prints more money, the inflation rate in your country increases thus the value of your local currency decreases, thus the value of US dollar increases but this is also not the only factor causing US dollar's value to increase. There are many other factors included too also yours one too.
Nah, money is the only reason, that have made people to buy BTC, how wars fits into this as a cause, you are being so paranoid, no offense its just I felt that way.

So PetroDollar is now going to be BTCDollar?  Just something that comes up in mind about your conspiracy theory.
It is unsure though why people would need BTC just as how people can't live without oil.

The US can't be a cartel of BTC, there are so many countries that are also mining BTC so it's hard to see them take the market alone but Blackrock will have a lot of BTC for they have been buying like crazy.

I don't get why oil analogy would even make sense. Oil isn't really a store of value, it's a source of power. While Bitcoin is a store of value and needs power to be mined. Digital gold is better for comparison.
Also i don't see any evidence that Trump would like bitcoin or endorse bitcoin. If anything he will launch a maga crypto funding platform or something as crappy, with his own blockchain because it's need to be about him. And bitcoin isn't about him.

And about trump: Reason people hoard more bitcoin and gold when there's a change he might be president, is because there's less trust for usd and stability of US government. You know, reason why bitcoin was created in a first place, public's way to transfer wealth without working government. Fiat system might fall, and if it falls, Trump era would be my bet for that one. It's needed when government can't be trusted.

Bitcoin is a bit about something else, it's not an analog of a mined resource. The total amount of bitcoin is really limited, unlike fossil resources - they can only increase the cost of extraction. Bitcoin is mathematically finite, and as of today, out of 21 million bitcoins, 19+ million have already been mined. Mined in 15 years. The remaining less than 2 million will be mined over the next 120 years. Given the FACT that today bitcoin is officially accepted and authorized for use as an investment asset, it is already becoming a mechanism for preserving and increasing value, and in the long run - a mechanism for assessing the value of the entire world economy, including oil and gold. And we understand perfectly well that the total value of the world economy will grow. Total - the value of bitcoin will grow, and those who now accumulate more of it will have a huge advantage

I do not see any relationship between Bitcoin, BlackRock, oil, and the analysis you provided to support your argument that Bitcoin is here to stay. BlackRock manages assets in the trillions and these investors like to diversify their investments, and since Bitcoin has been making a lot of noise in recent years, some investors will try investing in this new asset.
Without a regulatory overlay and decentralization, Bitcoin will fail to serve as a currency for settling international trade.

Bitcoin is for everyone, every nation to step in and join the party.

They only need to wake up, spend money and join the party. If they want to mine Bitcoin, they need to buy ASICs to start mining and build up friendly policy infrastructures for this mining industry. It will help them to get more investment and more miners, then mine more bitcoins and add them to their treasuries.

They can simply spend money to buy Bitcoin like Bitcoin Spot ETFs are doing.

The USA. does not discover Bitcoin, it is there for all.

When Big names like blackrock Jump in it's not for fun or small money it's a huge money power and control.
You can sell oil but at some point the crude oil ports and refriment centers will be full.
Btc limited supply and financial freedom can now save the USD since blackrock controlled retirement funds are in europe countries like sweden Norway finland Baltics and many others the blackrock have a lot money to play with.
The btc will be huge no questions that it will make so many people richer.

But we see that blackrock will buy bitcoins and then it will be like new oil you want btc than you need USD first.
Once again anyone who doubted of USA power will be disapointed again becouse when blackrock owns all the btc or most of them since trump is one of the blackrock buddies you connect the dots the USA will be btc cartel you want btc you buy with USD.
Then it comes USDT and usdc into play we could see how USD stablecoins value going up together with btc.

Now we gona just wait to see situation why a lot people start to buy btc probably wars could be one of the reasons Also the currencies collapse against USD.