Because if you ask US taxpayers to prop up your investment, than US taxpayers are going to want something in return.

The reason the US has a strategic oil reserve, for instance, is to make it so the government can force the price to go down by selling it off when prices of gas go to high for American consumers. What possible benefit is it to American taxpayers (all taxpayers, not just a few) to see Bitcoin increase in price?

You might as well be asking the US government to buy shares of AAPL or NVDA or buy thousands of Tesla cars: it's just transferring US taxpayer money to small number of rich investors.

Agreed! However, I reckon this is not stupidity. This is a repetitive brainwashing technic very much similar to what is happening to the people who go to church every Sunday to be given their weekly sermon of propaganda to control them and make them become the sheep of the sermon givers who are telling the sheep to give their money away hehehehe.

You get a "don't fret" at Elons if you keep it up.

Agreed, however, this is only the beginning of the Trump pump. Have you read the article about the big inflows of fiat that went in the new mayor of bitcoin Larry Fink's spot ETF? It is more than $1 billion in only 24 hours, I reckon and this is only the beginning.

In any case, our attention should presently be on who will be the next treasury secretary because this will be a warning sign if the administration will be procrypto or anticrypto. We cannot trust only the words of the Donald heheheh. According to Polymarket, the next treasury secretary might be Scott Bessent.



However, who is this Scott Bessent? According to the source of this article, he is very procrypto heehehe.



Scott Bessent, one of the leading candidates for United States Treasury Secretary in President-elect Donald Trump’s incoming administration, has a friendly stance on cryptocurrencies like Bitcoin.

Bessent, founder of Key Square Group and former Soros Fund Management investing chief, is “very pro-crypto,” Fox Business journalist Eleanor Terrett said in a Nov. 11 X post.

Read in full https://cointelegraph.com/news/trump-leading-treasury-secretary-pick-pro-crypto

I speculate that Trump's victory on the elections and having a Republican majority on the senate and congress might bring more regulatory clarity on the cryptospace because this new administration under the Donald Trump is procrypto.

The market's movement on the Republican takeover is clearly very positive because the expectations are also very positive. Uncle Gary might retire or he might be impeached, I reckon. I will certainly miss his comedy.



The Republican Party will keep the U.S. House of Representatives for the next two years, raising hopes for comprehensive crypto legislation in the next Congress and securing a Republican trifecta for at least the next two years.

Republicans already won the White House with Donald Trump's reelection, and flipped several Senate seats for a majority in the chamber of Congress during last week's election. The Associated Press projected that the party secured at least 218 seats late Wednesday.

Read in full https://www.coindesk.com/policy/2024/11/14/republicans-win-house-majority-completing-trifecta-in-2024-election-that-saw-donald-trump-win-second-term/

Agreed! I reckon there will be people who will never be happy with him if he is doing good things successfully and these people will cheer of this man's failures, however yes, he has very much everything to prove!

In any case on uncle Gary, it appears that our speculations are beginning to be proven correct heheheheh. He might retire after the Donald is inaugurated. Let the Trump pump on the cryptospace continue!



It’s only a matter of time.

On Thursday, Gary Gensler, the chair of the Securities and Exchange Commission, defended his record on crypto and strongly hinted he would soon leave the agency in a speech before a legal education institute on Thursday.

Read in full https://www.dlnews.com/articles/regulation/sec-chief-gary-gensler-signals-resignation-in-speech/

I wouldn't say "regulations will end", but rather they will ease off in the upcoming administration. In other words, regulations will get lighter as the government takes a friendlier approach towards the crypto/Blockchain industry. With Gary Gensler's days counted, innovation and economic growth can flourish again. Bitcoin is one step closer towards $100k. Next target would be $1m. Just enjoy the ride by selling some BTC for profits. The next downtrend in market prices will the perfect opportunity to buy more coins at a discount.

Exciting times for BTC and DOGE holders. Especially when the beloved "meme" coin had a substantial increase in price of over 120% within a week. Talk about impressive results. Even higher gains than BTC itself. Although, DOGE hasn't reached a new ATH yet. I sure hope this craze doesn't impact BTC on-chain fees negatively. High transaction costs is a dealbreaker for many opting to use Bitcoin as a currency for day-to-day payments. Maybe developers will come up with another network upgrade as a short-term fix? I sure hope so. Mark my words, these next 4 years will be the best ones for the US and the world. Just you wait and see.

Trump actually won the election on the day of the assassination attempt, by who is still unclear, but it's clear who it benefited. We see this kind of thing a lot in our country, and now the Americans have learned this strategy. The rise of Bitcoin has little to do with Trump winning the election. Bitcoin was already expected to rise around this time, independent of the results of the US election and this just happened.

Since his election, Donald Trump has reportedly begun to reconsider his previous moves with Bitcoin. During a town hall event on Fox News, Trump was asked if adopting Bitcoin could be his next step. The host asked this question citing the crypto interest of the younger generation.

Donald Trump's stance onBTC should not change, in fact he won by a large margin because if he won the support of Bitcoiners and it is a very large community, then he will not change his position, on the contrary, he will go in favor of BTC and he will be able to generate better policies to acquire it or to use it in his economy to generally use and spend on services, pay for anything in the market, this is what I think can happen in the short term.

But we must wait, because everything is possible, when he is in power things can change.