It is hard to know the government's true intention, but based on its political beliefs and operations, it is impossible for any government to create a National reserve for Bitcoin. Although there is a chance it will change, the possibility is low.
What I believe is that Trump will introduce some platforms and features that will support the use of Bitcoin as payment, etc. Creating a reserve for it is what I don't see happening.
Topic: Will Trump Create a National Bitcoin Reserve? (Read 179 times)
hero member
Activity: 2786
Merit: 657
Want top-notch marketing for your project, Hire me
If that happen then the prive could go to the moon, Just think about how much money they could inject to the cryptos market cap, if they decide to go for a big pie e of cake then we are talking about billions or even trillions for the market.
I don't think a desition like that can be take only by the president, peple must vote that desition.
I don't think a desition like that can be take only by the president, peple must vote that desition.
It would all still be in the hands of the big fellas.
But if the decision and the promise that was made were halted, it may be a bad sign and a hit for the sentiment to come.
Will Trump Establish a BTC Reserve?
Polymarket gamblers analysts are giving this an estimated 28% probability of the U.S. creating a National BTC Reserve within Trump’s first 100 days in office.
How about you? What do you think?
He said it but it remains as a promise until it becomes a reality. So having a timeframe of within 100 days. I don't think that the time set by the bookie is going to be enough to fulfill that. There will be a lot of considerations that need to be set for them before making it happen but I guess with the right people it could be expedited but no one knows, Trump isn't yet on the office yet.
Many have jumped to the conclusion that when Trump promised that he would make Bitcoin a reserve currency he had the authority to make it a reality in a short period of time. What he said a while ago was just political talk - we can't be sure it will be done or not - and I doubt it. The plan still needs to be discussed further in Congress and then the Fed, etc., it's just too complex and lengthy a process to make Bitcoin a reserve currency, and in the end it's just a political promise.
How about you? What do you think?
Instead of asking whether he created the bitcoin reserve, we should ask whether he had the authority to do so. Even though he is the president, that doesn't mean he has the power to make every decision or do whatever he wants. American politics and economics don't work that way and don't depend solely on the president. Each department, agency, and agency has its own jurisdiction, and national reserves are not under government control.
Trump can propose and appoint Fed chairmen, and he appointed Jerome Powell in 2017, but he does not have the power to fire him or dictate what Jerome Powell should or should not do.
National reserves are a very important issue and need the approval of the Fed and Congress, Trump has no right to decide on this issue.
Here's an unpopular opinion...
A Bitcoin Reserve is a bad idea. The U.S. should spend money to pay down its debt rather than going deeper into debt buying bitcoins.
A Bitcoin Reserve is a bad idea. The U.S. should spend money to pay down its debt rather than going deeper into debt buying bitcoins.
The US debt is unsustainable whether they create a reserve or not but if bitcoin increases in value they could use the profits from the reserve to pay down the debt.
Obviously this will pump and dump the price making BTC more centralized.
The idea of US bitcoin reserve is unlikely in Trump's 1st 100 days. It need clear regulations, Congress approval and plans to handle bitcoin volatility. Bitcoin's growing popularity makes it appealing but it is a big shift for US policy.
How about you? What do you think?
Ruler politics is making promises that focus on pleasing the people and electing them. It has been made by Trump during the presidential election campaign period. I don't know for sure whether it will be done or not, because politics always contains ambiguous words that can always be changed. In addition, many argue that Trump's decision was wrong and many disagree with Trump buying Bitcoin as a reserve of state assets. Indeed, from the beginning Trump was pro-crypto, so I think there is a great chance that the promise will be implemented.
During his campaign rallies, Trump promised to create a national bitcoin reserve in the US, during the time of his presidential campaign rallies, Trump and his vice attended a programme which was hosted by mainly bitcoiners, and in a short clip which I watched, Trump addressing the people told every one to hold their bitcoin, that he is going to create a bitcoin national reserve in the US, and not just this, that he is also going to make US the headquarter of bitcoin and cryptocurrencies at large.
This is nothing but a promise, and promises are sometimes not kept, but for this one, I think it's very possible that Trump will keep it, I see a 90 or more percent chances of trump creating national bitcoin reserve in the US, but I am not sure about it happening in the first 100 days of him in office.
Wow, so Trump did actually say all these things. When I read them, I take them as rumours packaged the rise the price of bitcoin. I mean, did Trump actually advise people to hold their coin and did he actually say that he will create a bitcoin national reserve. Where did the idea come from. I am sorry to say, if Trump did actually promise to create bitcoin reserve, he will do so. The dude likes honouring his words to maintain his prestige. Let's all be hopeful that 2025 will be a bitcoin year. This is nothing but a promise, and promises are sometimes not kept, but for this one, I think it's very possible that Trump will keep it, I see a 90 or more percent chances of trump creating national bitcoin reserve in the US, but I am not sure about it happening in the first 100 days of him in office.
How about you? What do you think?
He's into crypto and Bitcoin and I firmly believe that he will do his best to create that Strategic Bitcoin Reserve and that will truly impact the value of Bitcoin. Trump got enough votes from crypto community this time and surely it's one of his objectives to create such a reserve to gain more popularity among crypto community. Although, nothing is confirmed yet but I believe he's already working on that thing but not showing it publicly yet. 
I believe in Trump's promise to create a national bitcoin reserve, because I see that Trump is starting to gather some pro-crypto people around him, so I am sure that it will be realized soon, even so I think there are still many obstacles and peregrination to go through to make it happen, and when that day comes it will give credibility to crypto, especially Bitcoin.
Here's an unpopular opinion...
A Bitcoin Reserve is a bad idea. The U.S. should spend money to pay down its debt rather than going deeper into debt buying bitcoins.
A Bitcoin Reserve is a bad idea. The U.S. should spend money to pay down its debt rather than going deeper into debt buying bitcoins.
Will Trump Establish a BTC Reserve?
Polymarket gamblers analysts are giving this an estimated 28% probability of the U.S. creating a National BTC Reserve within Trump’s first 100 days in office.
How about you? What do you think?
Will Trump establish a bitcoin reserve policy? The chances are on the high side. Polymarket gamblers analysts are giving this an estimated 28% probability of the U.S. creating a National BTC Reserve within Trump’s first 100 days in office.
How about you? What do you think?
Will that happen within the next 100 days in office? The chances for that are slim; 100 days in office is too small for him to get that into effect; there are things that he should focus on in his first 100 days before the promise he made to the bitcoin community will come afterward.
I believe by now everything should already be in place, draughted, and edited, just waiting for it to be presented to Congress. If he wants to get it as one to do things within this first 100 days in office, he can make that happen, but the speed will depend on Congress's approval too.
Will Trump Establish a BTC Reserve?
Polymarket gamblers analysts are giving this an estimated 28% probability of the U.S. creating a National BTC Reserve within Trump’s first 100 days in office.
How about you? What do you think?
Polymaket's close predictions of the US elections have made them popular and one can say they have shown some level of fairness. But these centralized gambling companies are not immune to manipulation so we cannot fully trust the outputs. Trump has made some promises that is hard to believe that he can accomplish. But there are strong indications from his camp that he is interested in making Bitcoin a reserve currency. His appointment of people who are pro-crypto in his cabinet is a positive sign and his son Eric Trump also affirmed his father's willingness to do it. But he would face some challenges like how to convince or coerce Federal Reserve Chair Jerome Powell to change his negative stance.
Will Trump Establish a BTC Reserve?
How about you? What do you think?
He can not do it only by himself, and he needs support from both parties in Parliament and Congress. He want to do this but he won't easily achieve it especially as we know politics in the USA. is very polarized recent years. It won't change after Trump inaguration and take the White House back.How about you? What do you think?
Yes, US politics is very polarized and any bill needs support from both parties in Congress, Trump cannot decide on his own even though he is the president. But in addition to his victory, both the House and Senate are controlled by Republicans this term, which will give Trump maximum power and make it easier to pass bills.
But the real question is whether he is serious about this idea or is it just a random statement on his part to win over voters during the election campaign? Besides, this is not a very important issue and as president, he has more important things to deal with in the first year of his term. So we should not expect too much.
Will Trump Establish a BTC Reserve?
Polymarket gamblers analysts are giving this an estimated 28% probability of the U.S. creating a National BTC Reserve within Trump’s first 100 days in office.
How about you? What do you think?
He already said that he wants to create a Bitcoin national reserve. But the problem is that Powell disagree with him,
Quote
Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.
"We're not allowed to own bitcoin," Powell said at a press conference following the Fed's latest two-day policy meeting, in which policymakers cut rates as expected while signaling a less certain path for monetary policy in the months ahead.
"We're not allowed to own bitcoin," Powell said at a press conference following the Fed's latest two-day policy meeting, in which policymakers cut rates as expected while signaling a less certain path for monetary policy in the months ahead.
https://www.reuters.com/technology/fed-cant-hold-bitcoin-not-seeking-change-that-powell-says-2024-12-18/
So most likely Poly or those who bet against it or that 28% probability is holding that statement from the Fed chair. So there will be a power struggle between the two. And I think the only way that Trump can force his way is to direct the US congress to create it for him.
For now, it is still open so it's hard to predict whether it can be done in his first 100 days in the office.
Will Trump Establish a BTC Reserve?
How about you? What do you think?
He can not do it only by himself, and he needs support from both parties in Parliament and Congress. He want to do this but he won't easily achieve it especially as we know politics in the USA. is very polarized recent years. It won't change after Trump inaguration and take the White House back.How about you? What do you think?
Discussions on it are a lot in two following topics but perhaps there are more similar topics.
Donald Trump Confirms Bitcoin Reserve Plans
How will other nations respond to US Bitcoin reserve proposal./url]
It's an interesting idea, but a National Bitcoin Reserve seems unlikely within 100 days. Policy changes of this scale require time and bipartisan agreement. Let's watch how it unfolds!
If that happen then the prive could go to the moon, Just think about how much money they could inject to the cryptos market cap, if they decide to go for a big pie e of cake then we are talking about billions or even trillions for the market.
I don't think a desition like that can be take only by the president, peple must vote that desition.
I don't think a desition like that can be take only by the president, peple must vote that desition.
Jump to: