“Will there be a sudden U-turn in the country one day in the future?”
This is a question left by a reader at the end of an article.
Several years ago, I also wondered whether our country would suddenly make a big turn in encryption policy in the next year?
But over the years, as my observations became more careful and in-depth, I felt that this idea was probably too naive.
We have all heard the saying, “Science has no borders.” I used to extend this saying to the field of technology, and understood it to mean that technology also has no borders.
But now I believe that technology has clear national boundaries.
In terms of cryptographic technology, certain inherent functions (such as permissionless, censorship-resistant, and global free movement) are actually not suitable for a certain type of country.
In such countries, even if cryptographic technology can have a period of growth, it is only because its inherent functions have not yet triggered their boundaries, and once they do trigger the boundaries, its growth process will inevitably come to a halt.
In the absence of changes to certain conditions, hoping for a significant turnaround in the development of cryptographic technology in such countries is actually wishful thinking.
If we set aside national sentiments and look purely at the characteristics of cryptography itself, it seems that only certain countries in the world are truly suitable for cryptographic technology and assets.
Because in those countries, there has always been a force that is highly vigilant against overly powerful centralized forces since their founding. It is precisely because of this force that two types of values have formed:
One type believes that a large government can lead the country forward;
Another viewpoint is that a small government is fundamental to stimulating creativity among the populace and creating the country's future.
The interplay between these two sets of values has jointly advanced the process of a nation.
And what cryptography exactly needs is the objective environment created by the second type of values.
Although the second type of values does not always dominate the country's trajectory, it always has the opportunity to play a role for a period of time and create a relaxed and free environment during that time.
Once cryptographic technology encounters such an environment, the opportunity for rapid growth arises. And if a country in such an environment also has a strong financial foundation, superior market conditions, and outstanding technological talent, it would be difficult for that country not to become the global crypto capital.
In a series of recent disclosures by Trump, we can already clearly see some substantive moves he is making in terms of crypto policy.
For example, there are reports that he may establish a government department specifically responsible for cryptocurrency affairs.
Moreover, whether it is him or his deputy, or the already announced cabinet members (like the Secretary of the Treasury), they all have a very friendly attitude toward crypto assets.
I believe that when Trump chose these people, he may not have specifically examined their attitudes towards cryptographic technology and assets, but as the saying goes, "birds of a feather flock together," people with shared values will naturally come together. Because he has such values, the people he naturally chooses will have similar values.
Therefore, I am increasingly convinced that his cabinet will have interesting developments in crypto policy in the future.
There is also one thing that, although not directly related to Trump, I believe is intricately connected to his upcoming presidency:
On November 22, Pennsylvania passed the (Bitcoin Rights Bill) with a high vote and subsequently proposed the (Strategic Bitcoin Reserve Bill).
If this (Reserve Bill) is passed, it means that Pennsylvania will adopt Bitcoin as part of its state reserves. With Pennsylvania as a precedent, I believe more Republican-controlled states could pass similar bills.
In fact, regardless of whether the federal government will adopt Bitcoin as a reserve, as long as a considerable number of states in the U.S. adopt Bitcoin as a reserve, it will be a significant boost for Bitcoin.
Recently, many media outlets have reported that the recent surge in Bitcoin has exhausted the potential benefits that the Trump administration is about to introduce.
I don't see it that way; I still believe the climax will come next year, and this round of Bitcoin's climax won't come to a hurried end this year.
