Many people say that the Bitcoin reserve proposal signed by Trump this morning is bearish, but I can only say you are too young. Let me analyze a few points for you to understand:
First: The U.S. reserve officially acknowledges the rarity of Bitcoin, equivalent to gold. Just from this perspective, it is already a significant positive! Moreover, the U.S. is the world's strongest country; if it officially reserves Bitcoin, will its allies like the G20 and other countries follow suit? It's just a matter of time. Additionally, will the East follow suit? As the primary competitor of the U.S., will the East lag behind in this regard? I can assure you they will not!
Second, Bitcoin is currently the only rare asset openly reserved by both governments and many enterprises. Gold is merely reserved by central banks of various countries, and very few enterprises openly reserve it. Now, with the government of the world's strongest country reserving Bitcoin, will central banks around the world follow suit? It's just a matter of time.
Third, Trump’s decision not to use taxpayer money to directly buy Bitcoin is a very correct choice. If taxpayer funds were used to buy Bitcoin, that would actually be bearish and akin to killing the goose that lays the golden egg. Why do I say this? First, funding might not pass Congress, and if it doesn’t, that’s a significant negative! Furthermore, his government is already in substantial debt, and they are close to not being able to pay interest. Borrowing more to buy Bitcoin reserves would severely impact Trump’s reputation in the U.S. and further affect Bitcoin's future trends; the current choice is the best.
Fourth, there is a statement in the proposal that is easily overlooked: the Secretary of the Treasury and the Secretary of Commerce can use all feasible means to increase the quantity and value of Bitcoin reserves. The power of the Secretary of the Treasury and the Secretary of Commerce of the world's largest country is significant, as they engage in international trade and negotiations with countless organizations every year. I believe that as long as Trump has this idea, they have hundreds of ways to increase Bitcoin and its value; it's just a matter of time.
Fifth, an important event is the crypto summit early tomorrow morning, attended by many high-ranking officials and big names in the crypto circle. These individuals want the crypto market to thrive more than you and I do. So, let's take a look at the content of today's summit. Don't panic, brothers; don't just follow the crowd, think independently, or it will be easy to be exploited by market manipulators.
First: The U.S. reserve officially acknowledges the rarity of Bitcoin, equivalent to gold. Just from this perspective, it is already a significant positive! Moreover, the U.S. is the world's strongest country; if it officially reserves Bitcoin, will its allies like the G20 and other countries follow suit? It's just a matter of time. Additionally, will the East follow suit? As the primary competitor of the U.S., will the East lag behind in this regard? I can assure you they will not!
Second, Bitcoin is currently the only rare asset openly reserved by both governments and many enterprises. Gold is merely reserved by central banks of various countries, and very few enterprises openly reserve it. Now, with the government of the world's strongest country reserving Bitcoin, will central banks around the world follow suit? It's just a matter of time.
Third, Trump’s decision not to use taxpayer money to directly buy Bitcoin is a very correct choice. If taxpayer funds were used to buy Bitcoin, that would actually be bearish and akin to killing the goose that lays the golden egg. Why do I say this? First, funding might not pass Congress, and if it doesn’t, that’s a significant negative! Furthermore, his government is already in substantial debt, and they are close to not being able to pay interest. Borrowing more to buy Bitcoin reserves would severely impact Trump’s reputation in the U.S. and further affect Bitcoin's future trends; the current choice is the best.
Fourth, there is a statement in the proposal that is easily overlooked: the Secretary of the Treasury and the Secretary of Commerce can use all feasible means to increase the quantity and value of Bitcoin reserves. The power of the Secretary of the Treasury and the Secretary of Commerce of the world's largest country is significant, as they engage in international trade and negotiations with countless organizations every year. I believe that as long as Trump has this idea, they have hundreds of ways to increase Bitcoin and its value; it's just a matter of time.
Fifth, an important event is the crypto summit early tomorrow morning, attended by many high-ranking officials and big names in the crypto circle. These individuals want the crypto market to thrive more than you and I do. So, let's take a look at the content of today's summit. Don't panic, brothers; don't just follow the crowd, think independently, or it will be easy to be exploited by market manipulators.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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