Not everything that goes on politically has an effect on Bitcoin. This is an issue that affects the American people and they will be eagerly watching how this new department performs. I hope it does not become just a publicity stunt with Musk posting about it regularly on X rather than actually fixing the areas that needs work in the government alongside Vivek.

*efficiency.

- Jay -

Hopefully this is not what Trump meant when he said people that love Cryptocurrency would vote and decide its regulation.
Elon musk is already pushing doge no wonder the increase in the past weeks.


We just have to wait to find out what the department Would be all about
Few information are available and the highest we can do is speculate.

Many people think that the idea that the price of Bitcoin increased because Donald Trump won the election is wrong, but if you believe this reason, you are living in a fool's paradise. But you don't forget it is currently bull run, maybe positive side for Bitcoin. If the election had not come this season, would the price of Bitcoin not have increased? 
If you have observed the bull run season in the past then definitely Bitcoin History 2010 till now you will know all the events and Bitcoin price rise. 

(So now you believe that the price of Bitcoin has increased because of Donald Trump as proven above). If the price of Bitcoin is moving at its own pace then the true reflection is my belief that the price of Bitcoin will increase even more in the future.

What I take from this topic that has been addressed a few thousand times at this point on here, is that nothing is really going to change, which is a good thing mostly dont get me wrong.  Janet Yellen wanted it gone, Elizabeth Warren the same ( I have respect for Warren outside this, when she debated bloomberg she F'd him up! lol) etc. 

Donny and Elon are cryptocurrency/bitcoin clueless.  Donalds crypto exchange is for DeFi trading I hear...I've yet to see one legit DeFi token, coin whatever the f you want to call it. 

If you want to see how little Trump knows watch the Nashville conf.

Same thing but for Musk- here ya go - https://www.youtube.com/watch?v=Zwx_7XAJ3p0  (he's cringe level clueless)

As much as this is Political,  I think the takeaway from this is that in his personal capacity who recognizes cryptos this is a win as people will want to emulate what he does and will want to be aligned with what he does in trying to ride the wave of success.

Otherwise his job has no direct bearing/influence on crypto but it's good to know we have people of influence in high offices 

In as much as i will say that I will agree that the win was actually an added catalyst which pumped the price I will say that the market was definitely on his way up. Bitcoin market was predicted to actually pump within this last quarter of the year and it was positioned for that when late October it broke that $70k price barrier and was actually going to break the then all time high ($74k) but was in a ranging movement which is the thing a price does before breaking any major resistance.

The question is without the win will the market have still broken the mark, I say yes because regardless of anything bitcoin market always pumps in the last quarter of the halving year, but the election win added the hype to the win and made the win impulsive as we have today

Musk is just receiving his "payment" making himself richer.

He is just a celebrity who used his influence and his "sheeple" and the social media he owns and controls to advertise for a presidential candidate helping him win. Now that this candidate has won, it is time for Musk to receive his payment. Hence the invention of a new department (which will have budgets and everything) and his appointment to it so that he can become an even richer person!

For starters, you should stop writing like a 7-year-old child who doesn't know that personal names are written with the first capital letter - this way your post looks bad, just like the question you ask.

As for the influence that clown will have on cryptocurrencies, perhaps it is enough to say that he also got rid of the little BTC he had before the election, which I guess says something about how much he thinks Bitcoin has a future. I don't expect anything else from Mr.Donald and Mr.Mars, except to maybe shill one of their projects (shitcoin) here and there.

I hope what you say happens because the only thing I care about when Trump gets elected is that he will be more open to crypto. But we need to know that he is not yet officially president and we still have no guarantee that he will keep his promises regarding cryptocurrencies. Therefore, we should not be too subjective or expect too much from a politician if we do not want to be too disappointed.

There is no denying that his victory has had a positive impact on the markets but that is because the markets are putting their faith in him and still believe that he will treat us well. The recent market rally does not guarantee that he will keep his crypto-friendly promises.

do you think if we had a way to have bitcoin transform back and forth between to states:

a: store of value (current as is BTC)

b: cash mimicking properties and performance specs (trustless no BIPs, BTC as is)

The ability to call a special HTLC operation retain self custody, no pooling needed and well in this mode operating independently, but settling when needed on core

Private transactions,
no additional consensus or other trust assumptions
Instant finality
Transactions are handled independently and asynchronously
= properties resembling physical cash

Do you think the world is ready for this?

If this was available now, would it be embraced all things considered in the discussion above?

This would require no changes to bitcoin in the above concept.. Would not put stress on the incentive model either

any thoughts?

I'm thinking if it's going to happen now is as good as time as any, considering the pro bitcoin stance, and how recent the commitment was publicly made by Mr. President backlash would likely be minimal compared to prior or even potentially waiting