When Donald Trump promised Americans and investors the idea of creating a "strategic reserve for Bitcoin," many believed this could be a historic shift in American economic policies. But, as usual, it was just another political trick he used to exploit the growing enthusiasm around digital currencies, while he was actually pursuing a completely different agenda based on igniting trade wars and keeping the markets in chaos.
Trump and the politics of lies.
Trump is no stranger to making false promises. His campaign was filled with baseless slogans, and his promise regarding Bitcoin was no exception. While many countries were moving towards adopting digital currencies, Trump wanted to pretend he was leading this trend, while in reality, he was sowing doubts and fears in the financial markets.
What happened instead of creating a Bitcoin reserve?
The increase in customs duties that destroyed trade relations, especially with China, and affected the global market.
An open economic war left investors in a state of constant anxiety.
Double talk about digital currencies, where he attacked them at times, then hinted at the possibility of supporting them, leaving the market in a whirlwind of uncertainty.
Trump's real plan: Scaring the market and controlling capital.
The real goal was never to create a strategic reserve for Bitcoin, but to use digital currencies as a tool for political and economic maneuvering. Trump knows that markets move based on statements, so he used Bitcoin merely as a pressure tactic.
1. Stirring speculation: Through his contradictory statements, Trump created a state of sharp volatility, allowing some financial entities close to him to benefit from market manipulation.
2. Protecting the traditional financial system: Supporting digital currencies means reducing reliance on the dollar, which is the last thing Trump wants. Therefore, instead, he chose to keep the market in a state of fog without taking any actual steps.
3. Targeting China economically: At a time when China was moving towards developing the digital yuan and expanding the adoption of digital currencies, Trump chose to ignite a trade war, indirectly affecting the growth of the cryptocurrency market in the region.
What did we get instead?
Simply put: nothing! No strategic reserve, no official recognition, no supportive steps for Bitcoin. All we got was a turbulent market and a senseless trade war, while Trump continued his usual lies.
Trump was not interested in Bitcoin, nor did he ever intend to build a strategic reserve. What he did was just a farcical play to deceive investors while implementing an economic agenda aimed at keeping the traditional system in a position of control.
