We should go all in now. Bitcoin bull run is now confirmed if the news comes true.

Don't care Trump or Biden or whatever president, but watershed reserve sounds like too much of a huge step forward.

Federal Reserve would never allow it, so I think they will ensure all the politicians never pass such a proposal.

USD will crash and burn even earlier than we expected if this really happens!

Can the Fed intervene in this? I don't think the Fed will have the right to intervene and it is US Congress who makes the decision because this is the country's strategic reserve fund.

But I also don't think this will happen anytime soon even if Mr. Trump actually proposes this to Congress. After all, we need to admit that bitcoin is still too young and still has potential risks, governments will not rush to use bitcoin as a national reserve strategic asset. I think he's just exaggerating.

Also, I don't think if that comes true it will affect the USD, bitcoin is just considered an asset similar to gold, it won't damage or crash the USD. Trump's mission is to protect the USD, so I think he will not make proposals that will affect the future of the USD.

Of course this initiative will certainly boost the bitcoin price if it's initiated. Donald Trump has been spitting fire in support of the bitcoin community, and we hope some of this his promises will come into limelight if he wins the election by November. Let's just keep our fingers crossed  and watch how things unfold, because politicians can make some exciting statement just to boost our morale so they can garner support for their political ambition, but we are hopeful of Donald trump to be a man of his words.

Although all his moves are seeming real in Favour of bitcoin and seeming discoveries after badmouthing it previously during his tenure, I still kinds tie these big moves to his political ambition, politicians can gather as many allies as they can to get proper funding and make it to office and change their minds afterwards.

Its a rumour still anyways, lets calm down and hear from the horse's mouth before we start drawing conclusions. Its still a good development if he is real in his developed trust and recognition of bitcoin.

Wow, the people wanting this are fools. I don't know how else to put it.

If the US taxpayers pay to make the Bitcoin market go up, then US taxpayers will want something in return.

Hence the "strategic reserve" would lead directly to Bitcoin becoming part of the US government, and it's price would be regulated by popular vote.

And then US voters will vote for whether they think Bitcoin's billionaire holders should be given more money that year. Spoiler alert: voters tend to hate billionaires who profit from the the meager taxes they pay. Average Joe is going to get pretty pissed off if he learns that the taxes he just paid made Elon Musk another 10 billion dollars, and populist politicians will make a meal out of this.

"Live by the sword, die by the sword."

You don't understand how little they think of voters.

Two quotes may help.

"Suckers and losers"

"You have to pay to play"

Once again, this is election season. Second, Donald Trump loves to talk. He's always been so generous with his words. This isn't his first pronouncement in supporting Bitcoin. This won't be the last either. There'll be more to come. And if we end up making a big deal out of each of his statement, the joke's probably on us.

Trump said that he'll end Biden's war on crypto. He also said that Bitcoin's future will be made in America. And he also divulged that JPMorgan's Jamie Dimon, one of Bitcoin's harshest critics, has already changed his stand on Bitcoin a bit. Trump also mentioned that he doesn't want another country to dominate Bitcoin and that it won't go away. He even claimed that China is into Bitcoin and that the US should compete against China.

The catch, however, is that he said all of these while courting for votes.

Around two years ago, my country's president said in his campaigns that he will bring down the price of rice to $0.34. Now, it's already $1.15 per kilo. There's a reason why they're called politicians. LOL!

I think it’s absolutely epic. Just the fact that this is a huge topic of discussion because it is so relevant, we are seriously witnessing history and we will tell our kids about all this stuff that happened one day. The stakes are so high right now, Trump promotes freedom so Bitcoin is an obvious choice.

That’s a big risk because it is just a rumor. If it turns out to be a lie, bitcoin would dump hard and that means the people who spread this rumor used it to empty their bags on people like you from a higher price.

Never go all in on any asset. Be smart, diversify.