How much will Trump affect the market long-term? - page 2.

Miles2006

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Quote from: ? on December 21, 2024, 01:56:32 PM

Good day,

Trump has just recently confirmed the BTC reserve and I am wondering how much you guys think Trump will affect the entire market long-term?

After what we saw after the elections, I definitely think this is a green flag.

What are your thoughts?

Bitcoin price must not be centered regarding Trump choice of words always, his action is needed more probably afterwards we can decide if this is a great impact. Viewing bitcoin price recently seems surprising well it’s as a result of Trump victory even if this trend will last or not for awhile now bitcoin market is doing great with the unstable prediction, let’s not forget Trump will stay for long IMO let’s give all this some time before concluding maybe I will read more on Trump spoken words concerning bitcoin.

JiiBs

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Quote from: ? on December 21, 2024, 01:56:32 PM

Good day,

Trump has just recently confirmed the BTC reserve and I am wondering how much you guys think Trump will affect the entire market long-term?

After what we saw after the elections, I definitely think this is a green flag.

What are your thoughts?

I really wish you would have dropped a link yo where the rest of us that might be interested in this news could read it for ourselves.
I haven’t come by this but, it concerns what I’m about at least and coming form a figure that have come by some influence in recent time, it would be cool having to read what that is to gain an insight on how it could go in the coming days.

Quote from: Charles-Tim on December 21, 2024, 02:06:29 PM

Some people can think that the interest rate news is only the reason for the fall of bitcoin price recently below $100 thousand but Federal Reserve Chair Jerome Powell says the Fed is not allowed to own bitcoin.

The question now is will Trump be able to make bitcoin as strategic reserve currency? Although, I three states in United States are in the move to make bitcoin a strategic reserve.

The Feds aren’t allowed to own Bitcoin but the states can? Why is that, aren’t them parts and parcel of the same government? Except I’m not understating something here.

icalical

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Trump's announcement about Bitcoin reserve for US raise Bitcoin's price over $107,000. This most likely a good news obviously, but there is also some other who thinks volatility of Bitcoin would be dangerous for a national reserve. There is no plan in concrete as of now, so the long term impact is not clear. His pro crypto stance may boost market confidence in the short term, but it's hard to predict if this will lead to stability or just more unpredictability. As always with crypto, it's a rollercoaster, keeping an eye on developments before jumping in might be the smarter move.

Fiatless

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Quote from: Charles-Tim on December 21, 2024, 02:06:29 PM

Some people can think that the interest rate news is only the reason for the fall of bitcoin price recently below $100 thousand but Federal Reserve Chair Jerome Powell says the Fed is not allowed to own bitcoin.

The question now is will Trump be able to make bitcoin as strategic reserve currency? Although, I three states in United States are in the move to make bitcoin a strategic reserve.

The interest rate reduction should have been good for the market since people will have more money to invest. But just as you said it was Jerome Powell's statement that the Central Bank cannot hold Bitcoin except some laws are amended by the Congress that affected the market negatively.

The Feds Chairman seems to be against Trump's plan to make Bitcoin a reserve currency. He has also made it clear that he will not resign even if the incoming president pushes for it. His standing is coming from his belief that the president doesn't have the power to sack him.

Trump's ability to make Bitcoin a reserve currency will depend mainly on his ability to lobby Congress to amend existing laws to include using Bitcoin as reserve. If this challenge is surmounted and Trump continues with his agenda, Bitcoin will experience an upward movement because other countries might join the US to buy and hodl Bitcoin.

Charles-Tim

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Some people can think that the interest rate news is only the reason for the fall of bitcoin price recently below $100 thousand but Federal Reserve Chair Jerome Powell says the Fed is not allowed to own bitcoin.

The question now is will Trump be able to make bitcoin as strategic reserve currency? Although, I three states in United States are in the move to make bitcoin a strategic reserve.

Odusko

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Quote from: ? on December 21, 2024, 01:56:32 PM

Good day,

Trump has just recently confirmed the BTC reserve and I am wondering how much you guys think Trump will affect the entire market long-term?

After what we saw after the elections, I definitely think this is a green flag.

What are your thoughts?

Well for the long-term impact of Donald Trump's administration on Bitcoin and cryptocurrency it all depends on the regulations that are formulated and implemented by the government as regards Bitcoin reserves and cryptocurrency adoptions within the USA, this has to do with the infrastructure development to support the entire cryptocurrency ecosystem.
If we focus so much on the acclaimed Bitcoin reserves by the government, this doesn't add up so much to the market, since the profits of such government reserves are not used to advance the crypto cause, state Bitcoin reserves and ETFs all means for individuals and government to take advantage of the Bitcoin volatilities, so we shouldn't make mentioned of Bitcoin reserves as support for Bitcoin.

?

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Good day,

Trump has just recently confirmed the BTC reserve and I am wondering how much you guys think Trump will affect the entire market long-term?

After what we saw after the elections, I definitely think this is a green flag.

What are your thoughts?

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