crypto capital of the world

[bitterguy28]

usa or trump has expressed his desire to make the country crypto capital of the world which means he hopes to accept and encourage most crypto projects and operations in the country fully accepting it and making usa known for accepting crypto

but crypto as a whole especially bitcoin is supposed to be decentralized why would crypto be only focused in one country when crypto enthusiasts are all over the world? i know it is just a name trump wants to have but do you think it is fitting to call any country crypto capital of the world?

news:

[joniboini]

I guess it depends on what you consider "crypto capital". Most businesses registered, most trading volumes, etc. At the end of the day, even if such a country or city exists, it won't be able to serve everyone, especially those who live in another country. Just like how people view Las Vegas as a gambling city but people still gamble on another country/city. It's just a marketing term, it won't affect the network IMO. Sure, there will be some concentration of mining power and so on if the benefits are huge, but not every miner will go there for various reasons, including privacy, decentralization, etc.

[TomPluz]

Here is my opinion on this matter: Making USA the crypto capital has nothing to do with decentralization or whatsoever risks we may assume that can be affected by the stand of Trump on cryptocurrency. I guess by crypto capital he means that USA will be a big leader in this industry where innovations can happen first and am expecting that mining will be fully accepted in the country to make more "Made in USA" Bitcoin, so to speak. Now, it does not mean that other countries will be left behind as this industry is global and open to anyone. There will never be a monopoly on Bitcoin or the whole cryptocurrency for that matter. In fact, we should be thanking Trump for putting Bitcoin and cryptocurrency on the limelight and hopefully there will be many positive news and developments that can materialize within the coming four years of his presidency.

[Azharul]

Donald trump is also one of the best famous person in the world. We also know that he was the best familiar figure in crypto currency world. So in this time if he wants to create his country for crypto capital, I think that it will not be very difficult for him. We also know that Donald trump also support in bitcoin, when he wasn't president is US. We also know that when he could be win in election, then gradually bitcoin price is increase. So if he could reach out in bitcoin for best position, then others crypto will be develop in crypto currency world. So if he wants to make crypto capital in his country, I think that it will be possible for him.

[rdluffy]

The United States has had many lawsuits against crypto companies that have created a lot of insecurity for some companies to remain or open headquarters in the country
the SEC went after a lot of things that could have been different

If they make the rules clear and create more security, it is inevitable that there will be more projects based in the United States
But I don't think this will affect decentralization in any way

[hugeblack]

Those who want this want to see the price rise quickly because they see Bitcoin as more of an investment than a decentralized currency. Therefore, since most of the capital is in the United States and most of the companies and investors are there, adopting Bitcoin in the United States means that we will see a pumping of the price faster than any other country adopting it and it will encourage other countries to engage in Bitcoin.

[Zed0X]

Calling USA the crypto capital of the world does not mean they are in control of the network. I'm with the above comments that it's probably about the concentration of trading volume. I think Trump already knows that huge volumes comes from US traders/investors that's why he can boldly make that statement.

[Vx1]

This will be the news and a new chapter of Bitcoin and Cryptocurreny in general in the Era of Donald Trump's leadership, and I am sure there will be a positive impact.
Although Bitcoin is actually decentralized and cannot be centralized in one city or one country.
Until now I still support all the policies taken by Donald Trump for Bitcoin, and it has been proven that the increase in the price of Bitcoin lately is also due to the impact of Donald Trump's election as President of the USA.

[0t3p0t]

I think he refers to the most cryptocurrency friendly country or the country that has the most crypto investors in the world and maybe he wanted America to dominate the crypto industry as a whole as we all know not all countries are having the positivity into crypto some are not even embracing the idea of decentralization so yeah good to hear that from him. Lucky for the Americans to have a president like him who has positive insights about crypto. He might also want people to have an idea of cryptocurrency's potential in the future.

[Stompix]

i know it is just a name trump wants to have but do you think it is fitting to call any country crypto capital of the world?

Count the number of articles in crypto newspapers about
- the FED changing interest rates
- The Russian CB changing interest rates
- Somalia CB changing interest rates

Now since you realize that all crypto eyes are glued to what happens in the US and don't give a damn about the rest of the world,  what is wrong in calling it even now the capital of crypto?

[robelneo]

I don't know how he is going to do that and how he will neutralize the contradiction of decentralization; he may need to overhaul or change the whole system, which is hard to do, and Trump is not going to stay in power forever or even his party; the shift should be steady and not something that can be changed by another president.
We will all see his plan when he sits in the Whitehouse.

[Findingnemo]

It's just means he wants to make crypto big enough compared to other countries in terms of adoption so more companies will operate from US that will generate taxes to the government. It's not wrong at all and it doesn't mean people from other countries will not be interested or things like that, it's just a fancy word used to attract or express more crypto related platforms are available.

[Rubel007]

Trump has shown a good attitude towards cryptocurrency at the beginning of his election campaign. The most powerful country in the world is the US and Donald Trump is the current president of that country. As a leader of a country, he must have various plans on how to take his country forward and how to maintain its dominance in the world. And they will work accordingly.

When Trump has been able to understand very well that crypto has become the most promising investment in the world and it will be more in demand in the future, he has taken such a decision to keep his country ahead so that no other country can take the leadership.

Bitcoin is decentralized so no one can control it. But we all know that it has a limited supply. There is no chance of it exceeding 21 million. That is why Trump might try to control a large part of that supply if his country controls it, other countries will fail to take that control. That's why he wants to keep his country on top as the world's only Bitcoin capital.

[Faisal2202]

usa or trump has expressed his desire to make the country crypto capital of the world which means he hopes to accept and encourage most crypto projects and operations in the country fully accepting it and making usa known for accepting crypto

but crypto as a whole especially bitcoin is supposed to be decentralized why would crypto be only focused in one country when crypto enthusiasts are all over the world? i know it is just a name trump wants to have but do you think it is fitting to call any country crypto capital of the world?

The video is old, we need new insights on crypto now but thanks for mentioning the video the channel is new to me, the content they publish is good seems unbaised to thanks for that.

Speaking of world becoming more crypto friendly, I agree and that's because I was reading an article on BTT where the source link https://99bitcoins.com/news/texas-proposes-creating-bitcoin-reserve-by-accepting-taxes-fees-and-donations-in-btc/ Gives us the idea that why crypto will be famous in 2025 and maybe in 2026. People think even I think crypto will follow its pattern but to be honest I don't think till now market should be making these moves as the bull run is taking long time now.

Means till now it should be to an end but according to the video and after seeing the adoption in the article if you will read it, like 7 countries have already talking about adding BTC to their reserves while two (El-salvador and Bhutan) has already did. This kind of adoption will last the bull run for another 1 year or IMO it can last maybe till Trump has the presidency. Or maybe we can see a supercycle.

[electronicash]

because whenever US does something, ll the rest of the countries in the world do the same thing. so i they become crypto capital the rest o the world follows. but what is happening though is that all countries may also want to be crypto capital of the world, El Salvador i think wants to become as well.

Hong Kong seem to be want to be the crypto capital as well. so there is no real capital yet which a few more countries mining BTC might just steal the title.