Donald Trump's idea of ​​creating a strategic reserve of bitcoins is, in my opinion, a very good idea.

Bitcoin is an ideal reserve asset. If you consider bitcoin as a reserve asset, and not as a means of payment, then even its technological disadvantages turn into an advantage. Let's assume that bitcoin becomes an integral part of the gold and foreign exchange reserves of central banks of all countries. Then the transparency of the blockchain, instead of a disadvantage, will become an advantage - because this means that an asset like Bitcoin is very easy to audit.

Bitcoin also has a technological limitation of 300,000 daily transactions. This makes it a very bad means of payment for 8 billion people on the planet.

However, if Bitcoin becomes a reserve asset, it will no longer need a large number of daily transactions.

If Bitcoin becomes an integral part of the gold and foreign exchange reserves of central banks, then even the enormous energy consumption of the bitcoin network (for which it is criticized by environmental organizations) will not be a big problem. Because Bitcoin will become the basis of the global financial system.

What I don't like if Harris will win is the continuation of possible crypto lockdown since they are known for that, so hopefully things will go better and this politician will see how useful bitcoin and they adapt it.

I wonder why some of you do not think before you write. Is Bitcoin ETF beyond the control of the US? No. In case you don't know, Bitcoin ETF is a centralised arrangement, all the actors are known and are made accountable for all their operations. You should know through government approval that the ETF companies must have been duly registered and are regulated. What the government regulates, they control. Besides, you deviated from the main discussion, it was about the US accepting Bitcoin as a reserve. The country will prefer its own blockchain/CBDC (centralised system) for digital reserve to Bitcoin because Bitcoin is decentralised. The US government will never accept that for a "direct" government dealing arrangement.

The US approval of bitcoin ETFs means that they support and encourage their citizens to invest in bitcoin through ETFs. But as you said, the US will never support anything that is not controlled by them, especially bitcoin because it is decentralized.

Bitcoin has every chance to grow significantly in price.

Arthur Hayes recently stated that in the event of a large-scale war between Israel and Iran, not only oil and gold, but also Bitcoin will grow in price. This is due to the fact that the first cryptocurrency is essentially energy money. The growth of energy prices leads to the fact that the cost of Bitcoin production becomes much more expensive.

In my opinion, this statement by Arthur Hayes is controversial. An increase in the cost of production does not always lead to an increase in price, because the price of a product is determined by the ratio of supply and demand. I would generally assume that there is an inverse correlation between the prices of digital gold and oil.

Nevertheless, Donald Trump's idea of ​​​​accumulating Bitcoins and creating a corresponding reserve fund is reasonable.

As I remember, when the war between Russia and Ukraine happened, energy prices also increased for a while but Bitcoin was dumped severely. Gold is the only asset that has increased in price, stocks and bitcoin have both been dumped in times of war and high energy prices. I believe that if the war between Iran and Israel becomes more tense, everything will repeat, bitcoin will continue to be dumped and gold will be the only asset that increases in price. So I really can't agree with her statement.

Trump's idea is not bad but I don't think it is easy to implement, bitcoin's volatility would be a huge risk for any country using it as a national reserve.

On the other hand, how is gold a better safe haven asset than Bitcoin?

Imagine that you live in Lebanon, where the war between Israel and Hezbollah has started. Would you rather have Bitcoin or gold bars? Gold is a fairly heavy metal and can be easily detected when crossing the border. Bitcoin is a great financial instrument for moving capital across borders (you only need to remember 12 English words to do this).

At the same time, rising oil prices actually lead to a fall in Bitcoin prices. This happens because speculators switch from Bitcoin trading to oil trading (I mean buying and selling derivatives, futures, options).

It is always worth remembering that Bitcoin is both a commodity and a real asset that can be stored and moved in virtual space without any intermediaries in the form of exchanges, brokers and other financial intermediaries. This dual nature of Bitcoin makes predicting its price quite a difficult task. 

However, it is safe to say that in the long term the price will increase. There are many reasons for this.