Trump confirms bitcoin reserves

[bitmover]

Trump Confirms Bitcoin Reserve Plans—$15 Trillion Price Boom Predicted

Donald Trump has firmly embraced bitcoin and crypto this year as a leak reveals Russia could be about to start a bitcoin cold war.

The bitcoin price has rocketed past $100,000 per bitcoin on the back of Trump's November election, with the chief executive of a major Wall Street giant admitting bitcoin "FOMO."

Now, as an influential billionaire warns of a looming "debt crisis" that could collapse the U.S. dollar, Trump has confirmed he plans to establish a U.S. bitcoin strategic reserve.
https://www.forbes.com/sites/digital-assets/2024/12/14/trump-confirms-bitcoin-reserve-plans-15-trillion-price-boom-predicted/

This is ultra bullish.

USA and Russia may now be buying bitcoin to create their own reserves.  This is ultra bullish!

Everyone is beginning to understand how important bitcoin is to hedge againsta inflation and debit!

[Freemind]

That amount is really crazy, although it is also true that the sources used by Forbes are reliable. Not just the USA and Russia as you say, I imagine that another of the big ones, China, is not going to let this get out of hand if they want to continue growing as an economy. $15 trillion it is more than enough for many global economies to take notice and try to follow in Trump's footsteps. I can't imagine where the value of Bitcoin could go after this news and everything it implies, just as I can't imagine if the altcoin market could be seriously affected for the diversion of funds from one market to another, but I guess we will start to know from next January 20th.

[hugeblack]

if this continues for a month or two without any negative news, this means that we will see a big pumping and then the start of the big correction, where many will think that we will see $200,000 and even $1 million.


In general, it cannot be confirmed, what Trump said is:

"We're gonna do something great with crypto because we don't want China, or anybody else … but others are embracing it, and we want to be ahead," Trump told CNBC.
"Yes, I think so," Trump said in response to a question about whether the U.S. will create a bitcoin strategic reserve similar to its oil reserve.

[Z-tight]

I don't think the U.S. dollar is going to collapse or any of that kind of stuff, however, it is good that the U.S. and other countries are interested in making a BTC reserve. BTC has a lot of potential and many governments are now seeing it, it is going to keep the price of BTC bullish for a long time.

[hugeblack]

I don't think the U.S. dollar is going to collapse or any of that kind of stuff, however, it is good that the U.S. and other countries are interested in making a BTC reserve. BTC has a lot of potential and many governments are now seeing it, it is going to keep the price of BTC bullish for a long time.

The plan they are talking about is to buy 5%^[1] of the total supply or in other words 1 million bitcoins just like the strategic oil reserve, the US has about 200k in confiscated reverse so they need to buy 800k if this plan approved.


anyway all we have is "Yes, I think so,"


[1] https://finance.yahoo.com/news/u-bitcoin-plan-could-ignite-192515490.html?guccounter=1

[Zed0X]

The bitcoin cold war sounds interesting So other than who has more Gold (and other precious metals) reserves, we'll see a 'contest' on who gets more BTC. They already have a head start with the seized bitcoins but China, according to some article, have a sizable holding as well. Maybe we'll also see more news on Russia going after unregistered exchanges soon.

[0t3p0t]

Very good news for the Bitcoin community and of course the entire crypto community as we all know crypto is like a domino when Bitcoin surge Altcoins will follow so yeah if this happens crypto will create new sets of millionaires and yeah FOMO is coming up for other countries as we are seeing super power nations taking part the Bitcoin game in the coming months or even years.

[bitmover]

The bitcoin cold war sounds interesting So other than who has more Gold (and other precious metals) reserves, we'll see a 'contest' on who gets more BTC. They already have a head start with the seized bitcoins but China, according to some article, have a sizable holding as well. Maybe we'll also see more news on Russia going after unregistered exchanges soon.

When i see news like this I regret not having bought more bitcoin

Those big players making a bitcoin cold war. I will just hold to my bitcoin

Forbes sources look reliable, they wouldn't spreed misinformation

[electronicash]

^ it comes from forbes, idk. if the news from from the west, you can expect something different in reality.

The bitcoin cold war sounds interesting So other than who has more Gold (and other precious metals) reserves, we'll see a 'contest' on who gets more BTC. They already have a head start with the seized bitcoins but China, according to some article, have a sizable holding as well. Maybe we'll also see more news on Russia going after unregistered exchanges soon.

most probably just competing with who has more hash which Russia could build  bigger BTC mining farm and they can power it up with their energy. the west already said Russia is an oil station pretending to be a country. while China could join as well for they have the biggest solar energy power field on their desert and they can produce mining devices too.

countries will just be joining to mine BTC from their volcano like El Salvador did or through their thermal power source.

[salad daging]

When i see news like this I regret not having bought more bitcoin

Those big players making a bitcoin cold war. I will just hold to my bitcoin

Forbes sources look reliable, they wouldn't spreed misinformation

Though a good opportunity in 2023 where the bitcoin price is still low, but we never know that Trump will win the election and now make good statements about bitcoin.

The important thing is to keep HODL.

At least news from well-known media such as Forbes can be relied on for credibility, maybe this will be true when Trump is officially inaugurated.

[taufik123]

This is big news as the US and Russia follow in the footsteps of El Salvador to start buying bitcoin and then adopt bitcoin.
We can see now how El Salvador became a small country that became rich because it bought bitcoin at the lowest price, and they continued to consistently build with bitcoin.

Now it's the turn of developed countries like the US and Russia to glorify into Bitcoin, and this will be a good start and top bitcoin continues to reach its peak and also be a good hedge against inflation.

[Ivugeo]

Very good news for the Bitcoin community and of course the entire crypto community as we all know crypto is like a domino when Bitcoin surge Altcoins will follow so yeah if this happens crypto will create new sets of millionaires and yeah FOMO is coming up for other countries as we are seeing super power nations taking part the Bitcoin game in the coming months or even years.

The price of coins is increasing day by day, it is expected that the price of Bitcoin will increase several times next year, we are waiting for this. Now let's see how the price increases in the coming year. Some times you can make a lot of profit by investing. Again, there are times when you have to face a lot of losses to invest, so if we can analyze the time of investment well and invest, it can be very profitable for us. After investing, sometimes there will be profit and sometimes there will be loss. We have to accept these and move forward. Then we will be able to do something good, otherwise we will never be able to do anything good.

[Stuart]

This is a very big news for the crypto community. Seeing big countries having Bitcoin reserve is a big step up to the community, which will make the price of Bitcoin become immune to bear and long term deep or price correction as we will be facing a long term price increase severally next year.

Bitcoin has a limited total supply, now top world countries are taking the step of making Bitcoin as a strategic reserve plan, the possibility of Bitcoin price reaching the $800,000 per Bitcoin as predicted on the article will be attainable.

Crypto currency cold war will bring to view another side of world leaders competing to show who owns more Bitcoin Power. This is where country whales will come and shake the market for little holders to make good profit. This is the kind of war that is beneficial to all those in the battle ground 
When the world top countries adopt the Bitcoin usage, all other countries will give interest too. Bitcoin at that stage, could beat the price of Gold and will be more expensive than ever.

The price of Bitcoin is going to be so mind blowing by the end of 2025. This whole event will start up after the inauguration ceremony of President Donald Trump.

[TomPluz]

I am actually looking for this news after a certain GOP senator forwarded the idea of Bitcoin Reserve. Now, we can never be sure of what can really happen under Trump but if this plan can push through we could really see Bitcoin easily reach the 1 million dollar price destiny fast. And with Russia coming in to start a Bitcoin Hot War (as opposed to the Cold War in the past) with USA, we can be in for a very MOON future. There is no question Trump is really leading the way pushing Bitcoin to the sky and to think that he has not started his White House stay yet.

[Gurujebs]

This is ultra bullish.

USA and Russia may now be buying bitcoin to create their own reserves.  This is ultra bullish!

Everyone is beginning to understand how important bitcoin is to hedge againsta inflation and debit!

What if Russia and China refused to copy United state? I'm bullish about this Bitcoin reserve and what to see Bitcoin becomes the next big thing in the world but if Russia and other countries are going to do the same, it wouldn't have been now instead they banned it completely including China and they have never look back.

The Bitcoin happened dying the current government and they have never change them, unless it's another regime like Donald Trump came to support Bitcoin, these current government will not follow what Trump is doing.