Donald Trump lives up to his pre-election rhetoric…
So, Trump wants to set up a US BTC reserve, and the initial capital will come from the BTC held by the Department of Treasury, which was seized by the US government from criminals. The US government will procure further BTC. Furthermore, a Digital Asset Stockpile will be set up where other confiscated cryptocurrencies will be held. As much as I understand it, the US government does not intend to procure any other cryptocurrency than BTC. I assume the other cryptocurrencies will be converted to BTC. This is what I have done with other crypto in my portfolio, the only wise thing to do if you are a HODLer.
In Czechia, the governor of the central bank also wanted a BTC reserve. His suggestion was being investigated the last time I checked. This was criticized by the European Central Bank though. Luckily, Czechia doesn’t have the Euro. IMF is also hostile to BTC as was recently seen in strings attached to a loan offered to El Salvador. Bad, evil people reveal themselves through opposition to BTC and Donald Trump.
Insomniac Resurrected 
If you’re a miner, you’ll hate how much BTC has dropped though. I mean, you can always buy the dip and all that, but it’s hard to say when it’ll go back up. I mean, let’s face it, most folks want stability. With the way how Trump goes about things in this term? Nah, it ain’t picking up any time soon I’m afraid.
And on El Salvador, let’s just say this: with the pattern of US, US hates those who actually get their shit together and threatens their hold onto things. Japan got their shit together? Bam, trade war. China got their shit together? Bam, trade war. Libya and Syria actually made progress? Arab Spring! Putin did too good of a job during 2000s? Silently eliminating Putin’s allies and those who may be willing to work with Putin in Middle East through Arab Spring, then Euromaidan. Trump just wants to do it in a way where US is making a profit. It’s up to us to negotiate with Trump to ensure maximal benefits for all side and minimal drama, but that’s beside the point.
So with all due respect, I don’t think Trump is with Bukele on this one. Trump is more likely to try to find ways to subdue El Salvador through manipulating BTC by making it unprofitable – this can leave an opening for China, tbh. But that said, “IMF is also hostile to BTC as was recently seen in strings attached to a loan offered to El Salvador. Bad, evil people reveal themselves through opposition to BTC and Donald Trump.” is a bit oversimplifying way of going about it.
Which brings to a point: there ain’t no real “uniting the rights”, if you take interests into consideration. It never had, it’s still not and I doubt there will ever be a true alliance of such. There’s a “uniting those on a similar form of struggle to solve their shared problems”…one of my ideas for China to deal with other East Asian countries effectively hints at that…high difficulty but doable with right tactic and right angle of approach. But uniting a whole bunch of folks with already set opinions based on nationalism towards their countries? Good luck with it.
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I personally have expected the drop and I am waiting for pay day to buy the dip. BTC is not yet a stable repository of value but I believe its price vis a vis fiat will stabilize as it gets more adoption.
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Your response on this is expectable. But what if I tell you that during the entire duration of Trump’s presidency, it’ll never pick back up?
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That is an interesting opinion, we will see.
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And as for shit coins, I also don’t think there will be any other who will surpass BTC, no doubt about it. But remember how Satoshi started BTC? What was his philosophy? Decentralized coin! It’s clearly not what Trump believes – which is why one works around what Trump comes up with instead of being a dedicated fan or follower. Another story. That said, other coins will keep popping up by those who think they can outsmart the banks. And there will always be folks who will buy it through PancakeSwap on Trust Wallet because most are in to make a quick buck. What’s the best way to make quick buck? Wait for a shit coin to pop up then buy it through PancakeSwap before the prices even go up! Most tend to fail, but most don’t learn. That’s how people are. Then there are small time buyers who can’t afford to invest more than 200 bucks, and the chances are, they’ll be into shit coin. Shit coin ain’t going away and if they do, expect protests. And until I know who Satoshi really is, let’s just say I don’t think it’ll merge with other coins.
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I am pretty sure shitcoins will be created long into the future but this in my opinion is because most people don’t understand what money is. An economic system does not need multiple currencies. Note how for a long time everyone was using the dollar for international trade. Even countries under US treasury sanctions want dollars. The ecosystem does not want another currency. The BRICs have threatened to implement something like this but they didn’t because the dollar is mire convenient.
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An economic system does not need multiple currencies…that may not be what Satoshi and those BTC enthusiasts who actually believe in his principles are into though, just saying.
And by the way, correct me if I’m wrong, but your stance on BRICS changed too now. Right now, it’s “Russia needs US”. I become increasingly confused by your takes. But something along the lines, a voice tells me that “it’s because I gave too much fuck and some people, just some, simply watch it as a game…a half serious game…mark the word, half serious…it makes life easier, and I should probably adapt to that attitude”.
Anyways, the most logical explanation is that you think “BRICS never brought in the results they promised, so fuck them. Might as well going with Trump as I see minimal resistance from everyone anyways. Just let it die. Well, it’s on you now, US”. I mean, I just wanna know where you stand.
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Not really, I wish the BRICS would get their shit together but they don’t. So until they do, I am assuming they like the status quo. As far as Trump goes, he represents a certain strain of politics I am missing here in Europe. Is he good for Russia or China, I don’t think so. BRICS still has potential.
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I see how it is. I have my “dude wtf” moment with China on numbers of occasions, to be honest. Sounds like you’re having your “dude wtf” moment.
I think the problem here, is how a lot of small countries just want to take advantage of both BRICS and the existing order built based on that post-WW2 Pax Americana bullshit. They may leave BRICS whenever they see fits. Then the two biggest players here, Russia and China, let’s just say some just want profits for themselves, and some just want to hear praises and good things about their countries. Now, anyone from the West says something good and act with gesture of non-hostility, they may buy into that. This makes them really manipulatable. Trump seems to know this too, but from the recent looks of things, I think Putin has become a bit more aware of what’s at stake here. We’ll see what the man does about the peace plan and Trump’s stance on BRICS, Russia returning to G7…etc.
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