Trump confirms bitcoin reserves

[rdluffy]

One thing to think about is that a US reserve can be made with BTC that has been confiscated by the courts
It would be much easier to convince American politicians this way, since they wouldn't need to spend from the public money

It's interesting to see now that the DOJ has obtained authorization to sell more than 6 billion dollars in BTC
News here: https://icoholder.com/pt/news/doj-bitcoin-sell-off-shakes-crypto-market-amid-controversy

[armanda90]

One thing to think about is that a US reserve can be made with BTC that has been confiscated by the courts
It would be much easier to convince American politicians this way, since they wouldn't need to spend from the public money

It's interesting to see now that the DOJ has obtained authorization to sell more than 6 billion dollars in BTC
News here: https://icoholder.com/pt/news/doj-bitcoin-sell-off-shakes-crypto-market-amid-controversy

Having bad rumor with Bitcoin confiscated by US government will sell and recently they have confiscated many bitcoin during last several years ago. I think its reason why bitcoin dropping significant drastically and have take longer time again get recovery to higher price, looks controversial did by Joe Bidden few days left before leaving his position as US president for selling bitcoin confiscated.
Not waiting awhile around ten days later Donald trump appointing as new US president and he have good viewed about bitcoin as his promise at campaign election.

[Stompix]

It's interesting to see now that the DOJ has obtained authorization to sell more than 6 billion dollars in BTC
News here: https://icoholder.com/pt/news/doj-bitcoin-sell-off-shakes-crypto-market-amid-controversy

The DOJ had that for years, it is just a case about the true owners of those coins that has been dismissed.
The case has been settled since Ross denounced his claim of those coins that were stolen from SilkRoad to settle his debt:
https://www.coindesk.com/policy/2022/04/22/seized-silk-road-bitcoin-to-clear-ross-ulbrichts-183-million-debt

There will never be a case in the US where a debt settlement from a criminal case will be purchased by the same institution that was mandated to sell it according to the actual owner and both the seller and the buyer would be the same entity, this would spiral out of control.

[Mia Chloe]

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!

Actually news of countries like USA and Russia that have a high buying power trying to purchase Bitcoin would create a huge stir in the market causing buy pressures to increase and as a result making us to go overall bullish in the market. If you can recall too the last strong bullish move we had was a result of news too where traders to also assisted in making price pump overall.

I think the government hasn't been blind ever since towards the positive impact of Bitcoin in overcoming inflation however for a long time the seem to have not taken it that seriously for reasons I am not very sure of.

[Mr. Magkaisa]

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!

       -       I will only believe that it will be confirmed when they do it, that is possible if it is confirmed that what Trump said is true that he is really fulfilling what he is saying, let's say that seeing is believing, but it is better that this is the case and at least there is evidence, right? We all want that to happen.

But until that happens, a lot can still change, you know the news, not everything they put in their news is 100% true. Though that is positive news, so in this article it may have an immediate impact on the bitcoin market price for sure, but after the inauguration here we will know if the rally will continue or will there be another rejection in the price of bitcoin? so I think if their bitcoin reserve plan was not mentioned in the inauguration that means there is a high chance that the price of bitcoin will dump massively again. This is just my opinion and opinion.

[rdluffy]

The DOJ had that for years, it is just a case about the true owners of those coins that has been dismissed.
The case has been settled since Ross denounced his claim of those coins that were stolen from SilkRoad to settle his debt:
https://www.coindesk.com/policy/2022/04/22/seized-silk-road-bitcoin-to-clear-ross-ulbrichts-183-million-debt

There will never be a case in the US where a debt settlement from a criminal case will be purchased by the same institution that was mandated to sell it according to the actual owner and both the seller and the buyer would be the same entity, this would spiral out of control.

If the United States really does announce a Bitcoin reserve, wouldn't it be more logical and easier for the country to just transfer the confiscated Bitcoins to its reserve?

Why sell and then buy again?
It would probably be much easier to convince politicians if you didn't have to buy them

Can the Biden administration, which is still active, rush to sell these BTC before Trump's inauguration on the 20th?

[tequilla_sunset]

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!

Actually news of countries like USA and Russia that have a high buying power trying to purchase Bitcoin would create a huge stir in the market causing buy pressures to increase and as a result making us to go overall bullish in the market. If you can recall too the last strong bullish move we had was a result of news too where traders to also assisted in making price pump overall.

I think the government hasn't been blind ever since towards the positive impact of Bitcoin in overcoming inflation however for a long time the seem to have not taken it that seriously for reasons I am not very sure of.

The sentiment would be kept the same way going into 2025 - though the news about dips because of the US dumping the coins they've got from the Silk Road is a bit concerning.
Honestly - I still feel it's going to be alright in the long run.

[Mia Chloe]

The sentiment would be kept the same way going into 2025 - though the news about dips because of the US dumping the coins they've got from the Silk Road is a bit concerning.
Honestly - I still feel it's going to be alright in the long run.

Actually sentiments or no sentiments the market will fluctuate based on their actions and its actually something you can pretty much speculate easily thats because markets are moved by liquidity and also FOMO . Just like I explained earlier, if they eventually buy a ton of coins FOMO will hit the market hard depending on how much they buy.

It's not rocket science it's something we've experienced in the network several times. Recall the pump that happened when micro strategy bought some bitcoins?

[Stompix]

If the United States really does announce a Bitcoin reserve, wouldn't it be more logical and easier for the country to just transfer the confiscated Bitcoins to its reserve?
Why sell and then buy again?

Because it would be ruled a conflict of interest in which the state has three parts in the same lawsuit.
Ross has agreed to forfeit these coins to the USMC, he needs to have the coins sold to take care of part of his deal, if the US Treasury, which by the way isn't allowed to buy anything from the markets would buy something the DoJ agreed from the USMC in the name of a convict Ross can start a lawsuit against them, it's a breach of that deal for the same party, in this case, the US state of being both the prosecutor, the victim, the collector, and the buyer.
Any lawyer would have the day of his life landing this case.

[taufik123]

Actually sentiments or no sentiments the market will fluctuate based on their actions and its actually something you can pretty much speculate easily thats because markets are moved by liquidity and also FOMO . Just like I explained earlier, if they eventually buy a ton of coins FOMO will hit the market hard depending on how much they buy.

It's not rocket science it's something we've experienced in the network several times. Recall the pump that happened when micro strategy bought some bitcoins?

It becomes a greater FOMO and this is a manipulation that continues to be carried out to influence the market price.
Some time ago maybe the bad sentiment was indeed stronger and finally dumped and now a lot of positive sentiment has emerged so that many speculations are circulating that Bitcoin will reach a new ATH even higher.

This speculation continues and will result in a greater FOMO, so retail investors will buy more and market prices will be higher.

[Mia Chloe]

It becomes a greater FOMO and this is a manipulation that continues to be carried out to influence the market price.
Some time ago maybe the bad sentiment was indeed stronger and finally dumped and now a lot of positive sentiment has emerged so that many speculations are circulating that Bitcoin will reach a new ATH even higher.

This speculation continues and will result in a greater FOMO, so retail investors will buy more and market prices will be higher.

Exactly the stronger the intensity of the FOMO shock created, the more the pump will last and the faster it will be. In the end you eventually come to notice that sometimes it's not necessarily because the us is going to buy a huge ton of Bitcoin that price ends up pumping rather it's because of the FOMO that is created as a result of the news of them buying a huge amount of Bitcoin .

Masses moved by The FOMO concepts in the crypto space is much an as a result as they continue to buy price will continue to pump and traders will continue to place buy orders.

[bayu7adi]

This speculation continues and will result in a greater FOMO, so retail investors will buy more and market prices will be higher.

The source of Bitcoin FOMO since December 2024 is Trump, and his position as US president is what makes many people speculate about the future of Bitcoin.. Trump's move to involve Bitcoin in the US economy..
Big countries like Russia and the US are countries that have a lot of influence on the direction of the world economy, making Bitcoin like a savior for the country's economy, that means making it like an ace that can be used to save the situation... of course the pride of Bitcoin ownership will increase a little here... and that could be the trigger for many bullish moments in the future.

[Mr. Magkaisa]

       -     Many are really expecting a huge rise in terms of bitcoin's value as Trump's inauguration approaches as the full president of the US, though as it approaches and I won't deny that I'm also gambling until inauguration day.

It's only a few days away and I'm just waiting for a sign whether I should sell or not, I'm only waiting for a sign from these two for now.

[Hisbullah]

       -     Many are really expecting a huge rise in terms of bitcoin's value as Trump's inauguration approaches as the full president of the US, though as it approaches and I won't deny that I'm also gambling until inauguration day.

It's only a few days away and I'm just waiting for a sign whether I should sell or not, I'm only waiting for a sign from these two for now.

I am also waiting to see what happens after trump is inaugurated because we will likely see a rise in the price of bitcoin. And hopefully there will be good policies that support bitcoin after trump becomes president. Even though trump is a politician, I am sure he supports bitcoin and crypto.

[PX-Z]

I just saw this thread and read the article. Well, I hope this happens, it could be very positive to any of us lol. It could be the longest bull run season of Bitcoin in history and reaching new ATH after another ATH.