Donald Trump

Bitcoin

<p><strong>Bitcoin is finally getting its due recognition. Here are the top 4 good news that the Trump presidency has in store for us.</strong></p>
<h2 id="h-bitcoin-vs-dollar">Bitcoin vs Dollar</h2>
<p>Donald Trump knows that the dollar is the cornerstone of American power. The liquidity of Treasury bonds makes it the preferred reserve asset for exporting nations. This so-called <a href="https://www.cointribune.com/en/from-petrodollar-to-petrobitcoin/" target="_blank" rel="noopener noreferrer nofollow">“petrodollar”</a> system allows the United States to maintain a juicy trade deficit without suffering from a devaluation of its currency.</p>
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<p>In other words, the petrodollar enables Americans to exchange oil, metals, rare earths, foodstuffs, etc., for debt acknowledgments. Such is the exorbitant privilege that the <a href="https://www.cointribune.com/en/the-brics-challenge-the-empire/" target="_blank" rel="noopener noreferrer nofollow">BRICS</a> are seeking to put an end to.</p>
<p>The economic protectionism promised by Trump suggests that trade agreements will tighten as the BRICS distance themselves from the dollar. Nevertheless, a global reserve currency cannot simply be decreed, even for the BRICS.</p>
<p>Bitcoin thus arrives at a crucial moment with an irreplaceable asset: its finite money supply of 21 million BTC. It is also a stateless currency that no nation can confiscate. These two technological breakthroughs predispose it to become an international reserve currency.</p>
<p><em>“If I am elected, my government will keep 100% of all the bitcoins that the U.S. government currently holds or acquires in the future”</em>, said Donald Trump at the Nashville bitcoin conference last July.</p>
<p>He also stated that <em>“it is the current government policy that threatens the dollar, not bitcoin”.</em></p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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     <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> TRUMP: <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is not a threat to the dollar, the behaviour of the current US government is the real threat to the dollar.<br><br> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3af.png" alt="🎯" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/7JIEUf9Ha4" rel="noopener noreferrer nofollow">pic.twitter.com/7JIEUf9Ha4</a></p>— Radar <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@RadarHits) <a href="https://twitter.com/RadarHits/status/1853151084073619635?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 3, 2024</a>
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<p>In the face of the inevitable erosion of the dollar’s usage worldwide, acquiring a “strategic reserve of bitcoins” before everyone else could prove to be a poker move worthy of the petrodollar.</p>
<p>Here is a recent report written by the <em><a href="https://www.btcpolicy.org/articles/digital-gold-evaluating-a-strategic-bitcoin-reserve-for-the-united-states" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Policy Institute</a></em> explaining in detail why the United States would do well to embrace bitcoin as an international reserve currency.</p>
<h2 id="bitcoin-mining">Bitcoin Mining</h2>
<p>The geopolitical power dynamics of the 21st century are fundamentally a competition between global technological networks. The United States has dominated for decades with the internet, GPS, Microsoft, Facebook, etc.</p>
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<p>The dollar and the SWIFT network are two other important examples of this control. Unfortunately, large-scale financial sanctions (<a href="https://www.cointribune.com/en/russia-and-the-bitcoin-solution/" target="_blank" rel="noopener noreferrer nofollow">freezing of Russian foreign reserves</a> and disconnection from SWIFT) will necessarily lead to the emergence of alternative networks and stores of value.</p>
<p>Nations refusing to align with American imperial foreign policy have taken note of the freeze on Russian reserves. China or <a href="https://www.cointribune.com/en/saudi-arabia-is-secretly-buying-gold/" target="_blank" rel="noopener noreferrer nofollow">Saudi Arabia</a> do not want to lose several hundred billion dollars overnight.</p>
<p>Hence the bitcoin solution, which is both a payment network and a reserve currency. Two-in-one. However, nations without their own bitcoin miners become dependent on the rest of the world for their transactions. Donald Trump understands this. <em>“I want all remaining bitcoins to be mined in the United States”</em>, he stated.</p>
<p>Will China take note, having stopped placing its surpluses in American debt:</p>
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     <p lang="en" dir="ltr">The People's Bank of China is doing two things:<br>• Getting out of US bonds<br>• Buying more gold<br><br>This shows China's clear strategy to reduce its exposure to the US Dollar over time.<br><br>But so far, China still isn't getting into Bitcoin. <a href="https://t.co/ZpkgeQLFRG" rel="noopener noreferrer nofollow">pic.twitter.com/ZpkgeQLFRG</a></p>— ecoinometrics (@ecoinometrics) <a href="https://twitter.com/ecoinometrics/status/1851952035480113568?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 31, 2024</a>
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 <figcaption class="wp-element-caption"><em>“The People’s Bank of China is doing two things:<br> – It is withdrawing from U.S. bonds<br> – It is buying more gold. <br>This shows China’s clear strategy to reduce its exposure to the U.S. dollar. But for now, China still spurns bitcoin.”</em>
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<p>Bitcoin also helps avoid the waste of renewable energy surpluses. This financial boon helps energy producers finance the energy transition and stabilize the electrical grid since miners can interrupt their operations on demand.</p>
<p>It is time for the old continent to realize that the Bitcoin industry has many virtues. Deutsche Telekom, the largest telecommunications provider in Europe, has just announced it will enter into bitcoin mining to capitalize on its renewable energy surpluses. And EDF?</p>
<h2 id="legal-tender">Legal Tender?</h2>
<p>Bitcoin is legal tender in El Salvador. Anyone can pay in BTC without worrying about calculating and paying capital gains tax. And what could be more normal for a currency.</p>
<p>Senator Cynthia Lummis – who has drafted a bill to create a federal strategic reserve of one million bitcoins – intends to eliminate taxes on purchases in BTC below a certain amount.</p>
<p>The end of this tax is highly anticipated. Perhaps Donald Trump will abolish it. This would align with his intention to reduce taxes. This scenario is so anticipated that even <a href="https://www.cointribune.com/bitcoin-michael-saylor-predit-13-millions-par-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Michael Saylor</a> was caught up in a recent fake news story to that effect:</p>
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     <p lang="en" dir="ltr">"They have them paying tax on crypto and I don't think that's right. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is money and you have to pay capital gains tax if you use it to buy a coffee? I was talking with a friend he said 'it really shouldn't be taxed' and I agree.” – <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@realDonaldTrump</a></p>— Michael Saylor <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1851637960996766076?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 30, 2024</a>
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 <figcaption class="wp-element-caption"><em>“Bitcoin is money and you should pay a capital gains tax if you use it to buy a coffee? I was discussing this with a friend who told me that shouldn’t be the case and I agree. – Trump”</em> <strong>(False quote attributed to D. Trump)</strong>
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<p>Bitcoin is no longer the bogeyman once feared by bankers. They have realized that it is not a threat to the fiat system. While bitcoin has the advantage of existing in limited quantity, fiat money has the advantage of being created ex nihilo.</p>
<p>The tool of credit is indispensable. A complex society needs it to finance nuclear power plants, rail networks, high-voltage lines, and all other very capital-intensive infrastructures that amortize over the long term.</p>
<p>Another reason to be optimistic is that Vice President <a href="https://www.cbsnews.com/news/jd-vance-net-worth-2024/" target="_blank" rel="noopener noreferrer nofollow">James David Vance</a> holds between $250,000 and $500,000 in bitcoins. Elon Musk – a fervent supporter of Trump – himself holds several tens of thousands of BTC through his companies Tesla and Space X.</p>
<p>There is no doubt that the billionaire will advocate for banks to accept bitcoin as collateral to borrow dollars. According to Michael Saylor, this banking service will be the engine of the next Bull Run, attracting treasurers from all multinational corporations.</p>
<h2 id="bitcoin-strategy">Bitcoin Strategy</h2>
<p>The arrival of a pro-bitcoin president in the White House will lift the anathema on bitcoin. This favorable political context, combined with BlackRock’s ETF, should encourage major multinationals to take the plunge and embrace Michael Saylor’s “Bitcoin Strategy”.</p>
<p>Microstrategy plans to raise the immense sum of $42 billion to further bolster its cash reserves, which already exceed 200,000 BTC ($15 billion).</p>
<p>Microsoft could be the next giant after Tesla to use bitcoin as a cash asset. A shareholder vote will take place on December 9 to decide on investing part of the $75 billion that Microsoft holds in cash.</p>
<p>The stock of <a href="https://www.financecharts.com/stocks/MSFT/performance/total-return" target="_blank" rel="noopener noreferrer nofollow">Microsoft</a> has risen by only 10% since the beginning of the year, compared to 70% for bitcoin. By comparison, Microstrategy’s has increased by over 800% since the firm adopted the bitcoin strategy (2020). Even NVIDIA can’t do better.</p>
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     <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> SAYLOR: "We beat every single company in the S&amp;P index using <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> strategy." <a href="https://t.co/Xv4SftwaYK" rel="noopener noreferrer nofollow">pic.twitter.com/Xv4SftwaYK</a></p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1846644533225730452?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 16, 2024</a>
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<p>It is likely that many of the CEOs of the 500 multinational companies in the S&amp;P 500 will soon imitate the strategies of Microstrategy, Tesla, and potentially Microsoft. Smaller firms like Metaplanet and Semler Scientific have already taken the plunge.</p>
<p>The new record of $75,000 for a BTC confirms, if it were needed, that a pro-bitcoin presidency should significantly accelerate things for bitcoin. HODL!</p>

Bitcoin – TOP 4 Promises Of The Trump Presidency

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