Bitcoin is officially incorporated into permanent national asset management, ensuring its future financial dominance! This will be a very significant moment in Bitcoin's history and a substantial positive for this round of crazy bull market, giving long-term Bitcoin investors a shot of adrenaline, destined to be one of Trump's greatest achievements during his administration.
Personal opinion:
First: Strengthen the position of the United States as the global financial leader
Before Trump took office, he had been emphasizing: After being elected, he would make America the cryptocurrency capital of the world. After successfully campaigning, he further promoted the rise of Bitcoin, with the early contributions primarily visible in the foundational laws and regulations.
Trump officially launched the model of governing with cryptocurrency!
(Bitcoin Rights Bill) officially passed!
Bitcoin [BTC] is proposed as a national reserve currency for the first time in legislation.
Second: Use Bitcoin to combat inflation and resolve the debt crisis
U.S. debt has exceeded 36.5 trillion dollars, while the total GDP income of the United States in 2024 will not exceed 1.2 trillion dollars. This is a clear case of insolvency; how can this debt crisis be resolved? By printing unlimited dollars! This is clearly impossible, as it would only accelerate the depreciation of the dollar and trigger a global financial crisis! It can only rely on Bitcoin's price increase to use this reservoir to resolve the crisis, just like the financial crisis in 2000, when the market value of technology companies continued to rise, and global funds were drained by Wall Street, ultimately resolving this crisis!
Third: On the surface, it is policy promotion, but behind it is the cooperation of capital interests
There is an old saying in China: All the hustle and bustle in the world is for profit, which is absolutely correct. Can Musk unconditionally support Trump? Did major institutions in this round of the cryptocurrency market, such as BlackRock, Fidelity, and MicroStrategy, not collaborate with the capital behind Trump? I wonder if Trump is going through all this trouble for a five-year bull market in Bitcoin? Are so many institutional capitals merely to push Bitcoin up in this round? I think the purpose is certainly more than that.
Finally: Many viewpoints in this article represent my personal understanding and judgment of the market and do not constitute investment advice for you. If you have different opinions, we can discuss.