If executed, anyone with 0.1 $BTC may never need to work again.
Let me explain everything to you 🧵🔽
In recent years, China and Russia have accumulated significant gold as part of a strategic shift in their economic policies.
They are not yet the countries with the largest gold reserves, but they have shown the largest reserve increase over the last five years.
Their goal is to back their currencies with gold to strengthen them against the dollar, which has not been backed by anything since the 1970s.
Even though the United States has the largest gold reserve in the world, when compared to the total money supply, this percentage is low.
But the United States didn’t need to back the dollar with gold because they had the petrodollar!
It refers to the global practice of trading oil in U.S. dollars, which strengthens the dollar by ensuring consistent global demand for it.
This system boosts the U.S. economy by attracting foreign investments in the U.S.
The petrodollar system is an agreement primarily between Saudi Arabia and the United States in the 1970s.
This agreement expired this year, allowing oil to be sold in any currency.
The non-renewal of this agreement weakens the dollar and opens the door for other states to strengthen their currencies.
Donald Trump understood all this, he realized that another solution was needed to strengthen the dollar, and given the amount of dollars in circulation, the gold reserve is not nearly enough to back the dollar.
He has repeatedly said he would not let any country take control over Bitcoin’s dominance.
The dollar was once backed by gold, which was the source of its initial power.
Trump believes it makes sense to do everything possible to back the dollar with digital gold: Bitcoin!
He even said that Bitcoin’s market capitalization will surpass that of gold!
His long-term plan, with the support of BlackRock and his allies, involves several steps:
Create a reserve of Bitcoin by accumulating as much BTC as possible.
Pump Bitcoin and stabilize its price to surpass gold's market capitalization.
Strengthen the dollar by backing it with a reserve similar to digital gold.
Moreover, unlike gold, Bitcoin is truly deflationary, there will never be more than 21 million.
This means Bitcoin would be a perfect reserve that increases in value over time, gradually strengthening the dollar.
Bitcoin is a more prosperous reserve than gold.
If in 2024 the USA holds 51% of the gold reserves, other powers can still mine more gold and regain dominance.
But if you have 51% of Bitcoin, you will have it forever, as no one can mine more.
If Trump becomes president and implements this plan, it will be extremely bullish for Bitcoin and the entire ecosystem.
I believe that anyone holding at least 0.1 $BTC at that time will never need to work again.
That’s a wrap!
#donaldtrump #BTC☀ #cryptopm #BinanceTournament #US_Job_Market_Slowdown
