Trump seems to have started a 'crypto governance' model.
The current situation in the United States is tricky, with over $36 trillion in national debt, a GDP increment of only $1.42 trillion in 2024, and annual interest exceeding $1 trillion, raising heavy concerns about insolvency. The dollar's hegemony has gradually declined over the past decade, the rise of BRICS nations, El Salvador pegging BTC as legal tender, the EU having a euro settlement system, and the influence of 'dollar tides' waning. Previously, the Federal Reserve's interest rate hikes led to currency devaluation and economic downturns in many countries, with Sri Lanka even going bankrupt.
On January 20, 2025, Trump will take power and may revitalize the U.S. financial position through 'crypto governance'. His measures include:
First step, establishing Bitcoin as a strategic reserve currency. He strongly supports cryptocurrencies during his campaign, and after being elected, he quickly fulfills this promise by: first, designating BTC as a strategic reserve currency like gold; second, enabling major banks to accept BTC as collateral for dollar loans; and third, the Treasury plans to purchase over 1 million BTC over 5 years, accounting for nearly 5.6% of the circulating supply.
Second step, promoting the 'Bitcoin Rights Act'. This will legally protect the assets of users entering the market, attract more funds, boost BTC prices, and influence the policies of other countries, as seen in Morocco, which shifted from prohibition to legalization.