Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Bobcrypto on January 16, 2025, 08:58:05 AM
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Yes, many people may agree with me that out of the ten promises made by Donald Trump during the elections campaigns, one has been settled, but the most weightier among them is the "Bitcoin strategic reserve".
I must say that the Bitcoin strategic reserve is now the most talked about economic phenomenal in many continents. I think that if this Bitcoin strategic reserve gets implemented by many nations, Bitcoin will definitely land in the moon and may hardly come down, or what i may termed, NO BEARISH SENTIMENTS in the next Four years, in my opinion
Take a look here: https://cointelegraph.com/news/bitcoin-reserves-interest-rising
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There is a big possibility that making Bitcoin as part of many countries' strategic reserve can pave the way to push Bitcoin to the moon and even to the 1 million mark in just a matter of some years. And though I am not yet entertaining idea of NO BEARISH phenomenon to happen this can be possible once USA will push for acquiring at least a million BTC under its wings. Now, will it mean we can encounter finally more price stability just like gold...less volatility in the market? We are hoping so. We are all waiting if what Senator Lummis proposed in the US Senate (https://www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation/) with her Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act making BTC as part of the country's reserve can be coming true under Trump.
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True, and we only need the US to be the first one, and for sure I'm seeing a huge avalanche of countries following the lead of the US. So from Africa to Asia a lot of countries, from small to big and willing to test it, like investing in millions.
However, countries that are ahead in the game has obviously the advantage already.
So it's going to be a race if the US will approved that Bitcoin strategic reserve they will be the first one.
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I must say that the Bitcoin strategic reserve is now the most talked about economic phenomenal in many continents. I think that if this Bitcoin strategic reserve gets implemented by many nations, Bitcoin will definitely land in the moon and may hardly come down, or what i may termed, NO BEARISH SENTIMENTS in the next Four years, in my opinion
Definitely, there's going to be a domino effect; other countries cannot ignore the action of the most powerful country; once implemented, countries will be in a hurry to have Bitcoin in their reserves. My only hope is my country will follow the trend.
Bhutan has had a huge success doing this, and our country should have followed its lead. Now if we look at Bhutan, they are reaping the rewards of their decision and patience.
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I am positive that BTC strategic reserve will cause BTC price to pump very high, however, i am concerned if so many countries make a BTC strategic resserve in their countries, would it not give them the power to manipulate the price of BTC, i know they may not have any reason to do that in the early stages, but we don't know about the future.
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I must say that the Bitcoin strategic reserve is now the most talked about economic phenomenal in many continents. I think that if this Bitcoin strategic reserve gets implemented by many nations, Bitcoin will definitely land in the moon and may hardly come down, or what i may termed, NO BEARISH SENTIMENTS in the next Four years, in my opinion
Take a look here: https://cointelegraph.com/news/bitcoin-reserves-interest-rising
Well, while Bitcoin being a strategic reserve for many countries seems like a good thing, it will be a bad thing for us average Joes because that will decrease the amount of circulating supply and while it's good because the lower the supply and the higher the demand, the higher the price, it will be more centralized already because only a few people are holding thousands of Bitcoins instead of many average Joes holding a little less than 1 Bitcoin.
As for the Bitcoin strategic reserve in the US, I guess Trump is pursuing that to happen despite the backlashes coming from different experts. This is a bullish one since they're planning to hold it for a long time hence, lowering the circulating supply, but I don't believe that there will be no bearish sentiments at all already. The market is heavily sentiment-driven, and if the sentiment of the investors is bearish, that will drag the market down as well, and vice-versa.
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I must say that the Bitcoin strategic reserve is now the most talked about economic phenomenal in many continents. I think that if this Bitcoin strategic reserve gets implemented by many nations, Bitcoin will definitely land in the moon and may hardly come down, or what i may termed, NO BEARISH SENTIMENTS in the next Four years, in my opinion
we do not know what the next years may actually bring i still believe the cycle will continue as it is but now with lesser volatility and instability but if what you think actually happens then we might really see the mass adoption of bitcoin that we are all hoping to see since forever
if bitcoin stabilizes then there will be less reason or excuse those who are anti bitcoin to not use bitcoin and this way we can be confident and comfortable actually using bitcoin for daily transactions
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I must say that the Bitcoin strategic reserve is now the most talked about economic phenomenal in many continents. I think that if this Bitcoin strategic reserve gets implemented by many nations, Bitcoin will definitely land in the moon and may hardly come down, or what i may termed, NO BEARISH SENTIMENTS in the next Four years, in my opinion
we do not know what the next years may actually bring i still believe the cycle will continue as it is but now with lesser volatility and instability but if what you think actually happens then we might really see the mass adoption of bitcoin that we are all hoping to see since forever
If we talk about cycle, then next year should be bearish. But with the whole momentum of BTC strategic reserve, maybe it might change a bit and we might see a super cycle.
if bitcoin stabilizes then there will be less reason or excuse those who are anti bitcoin to not use bitcoin and this way we can be confident and comfortable actually using bitcoin for daily transactions
However, I do not think that the price will be stable though, it's the nature of Bitcoin to be volatile and unstable and that's where traders takes profit. It could still be mainstream though, but I doubt that we will be stable unless we really hit that big numbers in the future.
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Yes, many people may agree with me that out of the ten promises made by Donald Trump during the elections campaigns, one has been settled, but the most weightier among them is the "Bitcoin strategic reserve".
I must say that the Bitcoin strategic reserve is now the most talked about economic phenomenal in many continents. I think that if this Bitcoin strategic reserve gets implemented by many nations, Bitcoin will definitely land in the moon and may hardly come down, or what i may termed, NO BEARISH SENTIMENTS in the next Four years, in my opinion
I also believe this is an important matter for the future of BTC and the entire market, but for me, it needs time to be implemented, possibly several months before that bill is passed by the US Congress. If it is just an executive order from President Trump, it could easily be repealed by his successor.
I am more interested in the process of finalizing the legal framework and redefining the US's main stance on crypto: no longer suppressing or oppressing, but rather supporting and accepting it on a large scale in various fields. The US Congress has been discussing this for a long time, so it is likely to be approved soon, starting with the removal of SAB 121.
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It may seem like positive news, but I personally hope that Bitcoin will stay away from political conflicts, or at least that will happen after we reach $5 trillion. It is true that the current market capacity is high, but compared to the global economy, Bitcoin is still of low value. It is less than Apple and Microsoft.
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The idea of a Bitcoin strategic reserve is very interesting and could have a big impact on the world economy. If more countries adopt it, Bitcoin’s value could go higher than ever before and stay strong for years. This could bring more trust in Bitcoin and make it a key part of global finance.
To make this happen, countries should work together to create clear rules and systems for using Bitcoin as a reserve. They could also set up partnerships with experts to manage risks and ensure that Bitcoin remains stable and secure for everyone.
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NO BEARISH SENTIMENTS in the next Four years, in my opinion
What?. I think I've missed something very important after reading this thread... I find it very difficult for what you say (and the general sentiment) to happen and we already know that many negative things can happen, despite the aforementioned reserve fund (which has not yet materialized into a reality) of the United States. Just because other countries are talking or thinking about doing the same thing does not mean or guarantee infinite growth or stability over the next 4 years. Now, governments that decide to have a strategic reserve will be able to guide the direction of the economic value of Bitcoin.
Now Bitcoin is politicized, and that's one of the worst things that could happen.
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Yes, many people may agree with me that out of the ten promises made by Donald Trump during the elections campaigns, one has been settled, but the most weightier among them is the "Bitcoin strategic reserve".
I must say that the Bitcoin strategic reserve is now the most talked about economic phenomenal in many continents. I think that if this Bitcoin strategic reserve gets implemented by many nations, Bitcoin will definitely land in the moon and may hardly come down, or what i may termed, NO BEARISH SENTIMENTS in the next Four years, in my opinion
I can't agree more with you on this, the number of countries, states in the whole world are increasing day by day who are showing interest to add BTC into their reserve for longer period of time which is a win win for BTC, recently the bank of Italy also bought $1 million worth of BTC and with time I am pretty sure more countries and their banks will also invest in BTC.
If USA allows BTC to be added in the reserves then it will definitely shoots up maybe hitting $150k would be a piece of cake for it. I think if that happens then it can even cross $200k easily but at the current pace I am not seeing such adoption from the USA even if all eyes are on it.
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It may seem like positive news, but I personally hope that Bitcoin will stay away from political conflicts, or at least that will happen after we reach $5 trillion. It is true that the current market capacity is high, but compared to the global economy, Bitcoin is still of low value. It is less than Apple and Microsoft.
I don't seem to understand what you meant by Bitcoin will stay away from political conflicts. Actually, there is no relationships between Bitcoin and politics, but I think that politicians take advantage of the huge numbers of the crypto community to gain their votes during elections. An example is the Donald Trump election campaign, where he made some promises to the community to win theirs votes.
Yes, just like you said, Bitcoin is gaining momentum gradually, it is a new invention, unlike Microsoft, App and others, Bitcoin has the potential to surpass this companies in near future.
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There is a big possibility that making Bitcoin as part of many countries' strategic reserve can pave the way to push Bitcoin to the moon and even to the 1 million mark in just a matter of some years. And though I am not yet entertaining idea of NO BEARISH phenomenon to happen this can be possible once USA will push for acquiring at least a million BTC under its wings. Now, will it mean we can encounter finally more price stability just like gold...less volatility in the market? We are hoping so. We are all waiting if what Senator Lummis proposed in the US Senate (https://www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation/) with her Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act making BTC as part of the country's reserve can be coming true under Trump.
They give some new meaning to BTC which people might think BTC is really governments plan. It's good for the price but peoples understanding in Bitcoin being more focused on this Boosting Innovation...
What I notice though is people are jumping into these new memecoins while governments are trying to buy BTCs for their reserves.
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We cannot be sure about the next four years. There will still be bear markets ahead after this year but I don't know if we'll feel it just as how we don't really felt it on 2022. There is not a lot to talked to about the Bitcoin strategic reserve during Trump's inauguration and I hope that within the next days he'll talk about it too. If that happens, then for sure that there will be another batch of pump about to come.
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We cannot be sure about the next four years. There will still be bear markets ahead after this year but I don't know if we'll feel it just as how we don't really felt it on 2022. There is not a lot to talked to about the Bitcoin strategic reserve during Trump's inauguration and I hope that within the next days he'll talk about it too. If that happens, then for sure that there will be another batch of pump about to come.
Our bear market is going to be determined by if there is going to be Bitcoin reserve or not. The way the market is moving now, if today it's announce that there is going to be Bitcoin reserve and it's very sure for the market, rest assure we might not see any bear market now, the market will be bullish until we hit the next bull run and by that time, Bitcoin might be aiming for $1m.
However, if Bitcoin reserve is later delay, we might see another bear market for short term before we experienced another bull run or pending till the time they announced the Bitcoin reserve. Hopefully it turn out well else the market force will be low.
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Yes, many people may agree with me that out of the ten promises made by Donald Trump during the elections campaigns, one has been settled, but the most weightier among them is the "Bitcoin strategic reserve".
I must say that the Bitcoin strategic reserve is now the most talked about economic phenomenal in many continents. I think that if this Bitcoin strategic reserve gets implemented by many nations, Bitcoin will definitely land in the moon and may hardly come down, or what i may termed, NO BEARISH SENTIMENTS in the next Four years, in my opinion
Take a look here: https://cointelegraph.com/news/bitcoin-reserves-interest-rising
Actually, we know that Donald trump also create ten promises from his election campaign. We also know that BTC strategic reserve is one of them. I also believe that if we follow in this promise I think that it will be very helpful for crypto currency market. I also believe that gradually bitcoin price is increasing in cryptocurrency market. Because we know that when US president Donald trump also support. So in this time we could understand bitcoin price is $105k up. I also believe that after 20 January we can see pump in bitcoin.