Dear Binance Square Friends,
In the world of cryptocurrency, Trump's name is becoming more and more famous, and his promises are like a key to open the digital golden age. Let's take a look at whether these promises can lead us into a new era.
1. Trump’s “Bitcoin Dream”: Made in America
Trump has declared that he wants all remaining Bitcoin to be produced in the U.S. That’s like saying, “Let’s make Bitcoin as American as Hollywood movies and fast food culture.” But Bitcoin’s decentralized nature makes this goal seem a bit like “let the wind blow in only one direction.”
2. Use Bitcoin to pay off national debt: Trump’s “financial magic”
Trump proposed a bold idea: to use Bitcoin to pay off $35 trillion in national debt. This is like saying, “Let’s use future currency to solve past problems.” However, this idea may require not just magic but also some economic miracles.
3. Establish a national Bitcoin reserve: Trump’s “crypto arsenal”
Trump plans to establish a national Bitcoin reserve, which is like saying, “Let’s reserve some digital gold for the future.” However, this plan may face some legal and technical challenges, after all, Bitcoin is not something you can just reserve at will.
4. Fire the SEC Chairman: Trump’s “regulatory revolution”
Trump promised to fire current SEC Chairman Gary Gensler on his first day in office, which is like saying, “Let’s look at the problem from a different angle.” However, this promise may require not just determination but also some political savvy.
5. Stop the development of CBDC: Trump’s “anti-traditional finance” declaration
Trump promised to prevent the U.S. Treasury from developing a central bank digital currency (CBDC), which is like saying, “Let’s keep financial freedom and privacy.” However, this promise may spark some controversy, as CBDCs are a direction many countries are exploring.
6. Release the Silk Road founder: Trump’s “crypto freedom” initiative
Trump promised to reduce Ross Ulbricht’s sentence, which is like saying, “Let’s give the crypto world a fair chance.” However, this promise may lead to some legal and ethical discussions.
7. Create a crypto advisory committee: Trump’s “policy innovation”
Trump stated he would establish a presidential advisory committee to create a regulatory framework for cryptocurrencies, which is like saying, “Let’s set the rules for the future.” However, this promise may require not just innovation but also some practical action.
8. Recognize self-custody of crypto as a right: Trump’s “digital freedom” declaration
Trump promised to enshrine the self-custody rights of cryptocurrency users in law, which is like saying, “Let’s protect your digital wealth.” However, this promise may lead to some regulatory challenges.
Conclusion:
Trump's crypto promises are like a bold gamble; whether he can fulfill these promises will determine if we can enter a brand new era of digital gold. Let’s wait and see if these promises can become a reality.
Note: Investment carries risks, and one must be cautious when entering the market. This information is not intended as investment advice; we are merely sharing some interesting market observations and humorous viewpoints.
