January 20, 2025, Bitcoin begins to surge!?
Trump, who gives headaches to LGBTQIAPKDXREW... with his little red hat and love for digital currency, will return to the White House on January 20, 2025, becoming the first "cryptocurrency president" of the United States.
But if you remember the promises he made to the entire crypto market throughout 2024, then don't get too excited just yet. Let's take a closer look at whether these "promises" actually help boost coin prices!
1. Ensure all remaining bitcoins are "Made in America" — nonsense, it's impossible to achieve;
2. Relax scrutiny on high-energy mining processes — generally, environmental organizations might get angry, but other policies of the knowledgeable one should make them angrier, haha;
3. Fire the current chairman of the U.S. SEC, Gary Gensler — beneficial, Gary should have stepped down a long time ago; without him, the BTC ETF would have gone smoothly;
4. Maintain a "national strategic bitcoin reserve" — generally, it needs to be clearer exactly "how to reserve"? Currently, Texas, Pennsylvania, and Ohio are starting to explore legislation, but it feels more like a "gift" and political speculation;
5. Make the U.S. the world's cryptocurrency capital — boring, I find that leaders of any country are the same...;
6. Lead bitcoin mining — nonsense, for the same reasons as 1;
7. Fair and clear regulation — beneficial, establish a cryptocurrency advisory committee within the first 100 days of taking office. Americans love to manage expectations, having an institution to directly guide expectations is a good thing;
8. Self-custody — generally, your coins are your coins, no one can touch them. The idea is good, but how to implement it legally and technically needs to be realized on the ground;
9. No CBDC (Central Bank Digital Currency) — nonsense! Will the U.S. give up issuing currency in the primary market? Unless 1 and 6 are really achieved. Otherwise, just look at ourselves, no matter how few people use it, who can resist this temptation?
10. Reduce the prison sentence of Silk Road founder Ross Ulbricht — useless, maybe it’s also a reward for "loyalty"...;
To summarize: Out of 10 promises, only 2 are clearly beneficial, 3 are somewhat useful, and the remaining 5 are basically just empty talk. Is the rise in the pie just based on empty talk?
