It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.
Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.
Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.
Do you know how many companies Trump bankrupted? I think it is 6 Corporate Bankruptcies
https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019
He uses bankruptcy as a technique to weasel out of debts.
Do you know how much debt the US government has 35.06 trillion
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/
Do know which president did the most national debt in 1 term Trump has the lead over Biden since Biden still has a few months left Biden could pass him.
All that spells to me is Trump will manipulate bitcoin to fuck with the national debt.
Why not fuck with a 1.2 trillion asset to fix a 35 trillion debt?
To me it means boom or bust for btc. Ie 1 million a coin or under 10k a coin. I have place a lot of time into BTC not sure If I like Trump plans for BTC.
Last term he did the China Tarriffs which cost my mining over 35,000 in tariffs . he did the end of like kind crypto trading which means I have 200-300 page tax returns.
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