The U.S. is building Bitcoin reserves, and Trump has been flirting with the cryptocurrency world since his campaign began. He knows how to win people's hearts, understanding what they want, and he pulled them in early on.
I've heard there are over 50 million people in the U.S. involved in crypto. Moreover, the Trump family has also dabbled in a bunch of meme coins, making quite a profit; they've tasted the sweetness and seen the power of this circle.
Now that Trump is running for president again, he naturally has to show more support for the crypto community, constantly talking about what he plans to do once in office. However, they are currently in a crucial power transition period and don’t want any issues.
There are several questions we need to study:
First, Bitcoin is the leader in the crypto world, and everyone recognizes it, but at its core, it’s just a string of data. Can it really be compared to physical gold?
Second, if a country treats it as a strategic reserve, it must maintain its value consistently. Bitcoin's price fluctuations are like a roller coaster; can it bear this heavy responsibility?
Third, if a country really wants to buy Bitcoin as a reserve, it must buy it when it's cheap. If it buys in at $100,000 now, that price will become the historical low later. Can the U.S. government lift the spirits of all global miners, large holders, and institutions?
Fourth, Trump was not very friendly towards cryptocurrency during his last presidency, so why is he suddenly promoting these policies now? Does he actually like crypto, or is he just trying to repay the crypto players who voted for him? It might just be a lot of noise without substance.
In short, I must say, politicians' words are not to be trusted; policies need to be implemented to be considered good. Until then, it's all just speculation. When the hype is hot, the policy might land and mean nothing. Therefore, we must remain vigilant and not be swayed by market winds.
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