Topic: Will Trump Create a National Bitcoin Reserve? - page 3. (Read 1130 times)
Nobody here can tell the future, we all heard most of the things the president-elect said he would do during his campaign, and you can ask us all you want if he will do it or not, the answer will still be that we do not know. However, i don't think there is any need to speculate too much, in a few days Trump takes office, and then we would witness what will be done and if the Fed reserve will agree to a BTC strategic reserve in the U.S.
I am not seeing the Fed chair Jerome Powell as a big problem for Trump's actualisation of making bitcoin a reserve for the US, but rather it's the Congress house I am most concerned about . The congressional has so much to wield on this matter and if they get to be on bitcoin's favour then Powell has no say but otherwise then that's a big problem for Trump.
legendary
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I am not seeing the Fed chair Jerome Powell as a big problem for Trump's actualisation of making bitcoin a reserve for the US, but rather it's the Congress house I am most concerned about . The congressional has so much to wield on this matter and if they get to be on bitcoin's favour then Powell has no say but otherwise then that's a big problem for Trump.
In recent news now it is said that the US government under Joe Biden are planning on selling $6.5 billion worth of seized BTC just in same way Germany government did in mid 2024. All this coming at a time when Trump has proposed on making bitcoin a reserve. It's possible that this sell is to truncate Trump's success with the reserve idea as this sells could actually discourage Congress members towards pitching on Trump's idea of a bitcoin reserve seeing how bitcoin could dump with this sell. Although the market will surely recover later, but not every politician thinks in that direction.
Even if the US government owned more bitcoin, that wouldn't increase the chances of Trump's bitcoin reserve idea succeeding. Because the Fed and Congress will value bitcoin based on many factors because national reserves are important, not based on how much bitcoin the US government owns. That's why Powell said he's not interested in bitcoin because it doesn't meet the standards they need.
The Fed is an independent agency whose mission and job is to regulate the U.S. and world economies through monetary policies and ensure economic stability. They are unconcerned and unaffected by the political rivalry in the White House.
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,
linkIn recent news now it is said that the US government under Joe Biden are planning on selling $6.5 billion worth of seized BTC just in same way Germany government did in mid 2024. All this coming at a time when Trump has proposed on making bitcoin a reserve. It's possible that this sell is to truncate Trump's success with the reserve idea as this sells could actually discourage Congress members towards pitching on Trump's idea of a bitcoin reserve seeing how bitcoin could dump with this sell. Although the market will surely recover later, but not every politician thinks in that direction.
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?
https://t.me/PumpDoom
I really don't know what to think about this, the main reason is that we are talking about Trump, an individual that would say everything in order to get votes and/or public support. It's really a 50/50 situation this one. Of course if there is a possibility it's just because Trump at least actually understands that bitcoin can help the US while Biden and the other democrats are extremely against it.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?
https://t.me/PumpDoom
Also, we should note that even if Trump is serious about creating a bitcoin strategic reserve, that doesn't mean it will definitely become a reality. Any new bill needs to be presented to parliament and voted on for passage, would the majority of Republicans and Democrats, Congress and the Federal Reserve fully support his idea?
The Federal Reserve and Congress are the most powerful and authoritative bodies to decide on national reserves. It is puzzling that people ignore them and focus on Trump when he has no authority to decide that.
I also care about bitcoin reserves but I care more about what the Fed and congress say about it than Trump. But so far, the Fed has flatly rejected that idea, so I'm not optimistic that we'll have a bitcoin strategic reserve anytime soon.
United States already have a strategic reserve and they are profiting from the rise of the price to drop parts of it. They don't really have it, legally talking, but they can own it at the right time. I am talking about confiscated Bitcoin all these years and what we aren't aware about in their different agencies.
Now creating a real strategic reserve might be challenging without destroying the price hardly to force people to sell, then buy and make it rise again.
Now creating a real strategic reserve might be challenging without destroying the price hardly to force people to sell, then buy and make it rise again.
I think that Trump will most definitely create a Strategic Bitcoin Reserve for the United States. The problem is that I think a lot of people are expecting him to announce some plan to purchase a million BTC and I don't think that will happen. I think Trump will keep most or all of the confiscated coins, and the market will probably not be effected either way. It would do a little to ease fears of a massive selloff in the immediate future, but the market is going to need someone else besides MicroStrategy to step up as a buyer if the price is going to go next level.
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?
https://t.me/PumpDoom
I really don't know what to think about this, the main reason is that we are talking about Trump, an individual that would say everything in order to get votes and/or public support. It's really a 50/50 situation this one. Of course if there is a possibility it's just because Trump at least actually understands that bitcoin can help the US while Biden and the other democrats are extremely against it. 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?
https://t.me/PumpDoom
we already heard Trump criticized Bitcoin in the past, calling it risky and not real money. 
Politicians change stances as the gloves they wear.
We don't need to be picky on that.
By common sense, yes, if they maintain reserves of minerals and other natural resources, the idea of the United States adopting Bitcoin as a measure to diversify and cover economic flanks is suitable because it could offer protection against inflation and other economic risks, given its decentralized nature and its potential for appreciation.
As long as that doesn't happen and it's just news or plans, it will still remain speculations, it's not that I don't like the Bitcoin Reserves that Trump is planning, if it's true,
of course it can't just be implemented right away.
So, what's happening right now is that the crypto community around the world is being hyped about that, this is just my assessment, if all we hear on the day of the inauguration is positive sentiments, the chances are really high that Bitcoin's price rally will continue.
of course it can't just be implemented right away.
So, what's happening right now is that the crypto community around the world is being hyped about that, this is just my assessment, if all we hear on the day of the inauguration is positive sentiments, the chances are really high that Bitcoin's price rally will continue.
legendary
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The first decentralized crypto betting platform
I'm not going to bet on it but if I had to I would bet that he will indeed set up the strategic reserve. You can't trust a politician's promise but in this case he has appointed a lot of people around him who are pro-bitcoin, plus the recent sale of bitcoins, reducing the number that the stockpile would have, I think would be another catalyst that motivates him to create it.
Well, I guess it's not the first time Trump has said one thing and then changed his mind, but especially with bitcoin this is relatively frequent.
5 billionaires who publicly hated crypto then changed their minds
This is just a sample, as the article does not include Michael Saylor, for example.
we already heard Trump criticized Bitcoin in the past, calling it risky and not real money.
Well, I guess it's not the first time Trump has said one thing and then changed his mind, but especially with bitcoin this is relatively frequent.
5 billionaires who publicly hated crypto then changed their minds
This is just a sample, as the article does not include Michael Saylor, for example.
we already heard Trump criticized Bitcoin in the past, calling it risky and not real money.
It's one of those things that are easier said than done. I'm not very optimistic about it, at least for his first 100 days. I probably share the same estimate reflected by Polymarket bets. Indeed, there's low probability that it will happen.
However, on the brighter side, I guess it's a lot easier for states to do that. They might establish Bitcoin strategic reserves on their level way before the federal government does.
Very recently, a bill is presented in the State of New Hampshire for it to establish a Bitcoin strategic reserve. Another bill is introduced in the state of North Dakota for state funds to be invested in Bitcoin. They're just two among many. This will go on.
However, on the brighter side, I guess it's a lot easier for states to do that. They might establish Bitcoin strategic reserves on their level way before the federal government does.
Very recently, a bill is presented in the State of New Hampshire for it to establish a Bitcoin strategic reserve. Another bill is introduced in the state of North Dakota for state funds to be invested in Bitcoin. They're just two among many. This will go on.
I know there are a lot of people who are hopeful about the idea of bitcoin reserves because that would trigger a huge bull run and bitcoin could quickly hit $200k-300k. But the reality is that there is virtually no chance of that happening in the near future, let alone a slim chance. The Fed isn't interested in the idea, Trump doesn't have the power to decide on national reserves, bitcoin isn't a top priority for the government yet, politicians in both parties are still arguing and can't agree on a stance regarding bitcoin....All of this suggests that bitcoin reserves are not going to happen in the near future, or even during Trump's term.
I agree, we should start this idea with the states, it is much more feasible and practical. New Hampshire is the fourth state to propose establishing a bitcoin reserve, and more states are expected to join the race. If more states join the race to build bitcoin reserves, it would be an extremely optimistic stepping stone toward the formation of a national bitcoin reserve.
https://x.com/Dennis_Porter_/status/1877746381949116787
It's one of those things that are easier said than done. I'm not very optimistic about it, at least for his first 100 days. I probably share the same estimate reflected by Polymarket bets. Indeed, there's low probability that it will happen.
However, on the brighter side, I guess it's a lot easier for states to do that. They might establish Bitcoin strategic reserves on their level way before the federal government does.
Very recently, a bill is presented in the State of New Hampshire for it to establish a Bitcoin strategic reserve. Another bill is introduced in the state of North Dakota for state funds to be invested in Bitcoin. They're just two among many. This will go on.
However, on the brighter side, I guess it's a lot easier for states to do that. They might establish Bitcoin strategic reserves on their level way before the federal government does.
Very recently, a bill is presented in the State of New Hampshire for it to establish a Bitcoin strategic reserve. Another bill is introduced in the state of North Dakota for state funds to be invested in Bitcoin. They're just two among many. This will go on.
Trump received a gift from the left. The California fires are a reason for Trump to declare martial law in California.
He can say the money criminally spent on illegals in California caused the slow repair of the 117 million gallon reservoir in PCH area. Thus letting the fires burn out of control due to empty hydrants.
I am think Trumps is going to switch tactics and go after California before he does anything else.
Should be fun to watch this.
US crypto people need to wait a while.
He can say the money criminally spent on illegals in California caused the slow repair of the 117 million gallon reservoir in PCH area. Thus letting the fires burn out of control due to empty hydrants.
I am think Trumps is going to switch tactics and go after California before he does anything else.
Should be fun to watch this.
US crypto people need to wait a while.
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?
https://t.me/PumpDoom
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?
https://t.me/PumpDoom
Will Trump do it? Of course he will. He's already deep in the crypto/Blockchain game. It'll be up to Congress to approve Trump's hopes of a BTC national reserve. With a Republican majority in both the House and Senate, the odds for approval are high. Such a move will not only benefit America and the US Dollar, but also the entire world. After all, the USD is the world's reserve currency.
This reminds me of the good 'ol days when the USD was backed by Gold. The government started stockpiling Gold, which contributed towards a prosperous economy for all Americans. Exciting times ahead for all Bitcoiners. The question is: Are you buying and holding BTC until the "big pump"? Or are you selling? Only smart people will "hodl" long-term for huge rewards. Just my opinion
I'm not sure if this is a bot asking the question for clicks and joins in their telegram, or a genuinely interested individual. For the sake of my mood, I choose to believe the latter.
At first I was skeptical about the strategic reserve, but I'm gradually becoming more and more convinced that it might actually become reality. Seems like a handful of countries are thinking of doing the same, so it's difficult all this to be due to Trump hype.
At first I was skeptical about the strategic reserve, but I'm gradually becoming more and more convinced that it might actually become reality. Seems like a handful of countries are thinking of doing the same, so it's difficult all this to be due to Trump hype.
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.
If Trump didn't fulfill his promise no one would arrest him because he has already gotten what he wanted, according to the way things are going he will try his best to have more support but it will be good if we don't expect much from Trump because not everyone that like the idea he came with and not some people that want him to become the president, we should also remember that he also makes the promise to win the election.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.
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.
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.
Trump made a promise to create a national Bitcoin during the election and that doesn't mean that he will fulfill his promise by doing such a thing, it will be very good if he makes that happen because it will be a favor to those who have Bitcoin and those who know much about Bitcoin but we all know Politics, people can make a promise when it comes to Politics in other to achieve their goals or to win the election and after winning the election they will pretend like they are not the one that made the promise.
If Trump didn't fulfill his promise no one would arrest him because he has already gotten what he wanted, according to the way things are going he will try his best to have more support but it will be good if we don't expect much from Trump because not everyone that like the idea he came with and not some people that want him to become the president, we should also remember that he also makes the promise to win the election.
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