I'm afraid anything related to crypto might not be given big attention on day one. I mean, I don't think there will be an executive order on day one that's Bitcoin-related. I hope my prediction is wrong, of course.

However, realistically speaking, I don't think Bitcoin or crypto is as urgent as Trump's priority policies on energy, immigration, war in Europe, and others that it has to be attended to on his very first day in office. 

For those who think that day one is all about Bitcoin, let's probably trim down our expectations. It won't be about strategic reserve and Ulbricht and Gensler and others.

You are correct that with a move like this the "doubt" in many people's minds due to years of FUD could go away but time will tell if this is actually a positive thing for volatility or a negative thing. I'm personally worried about government level market manipulation coming to bitcoin from now on. And that is the most dangerous thing that can significantly damage adoption and future bullish trends as US government would be the one doing the "pump and dump" where regular people would lose their lifesavings...

There is also the problem with centralization. We could start seeing more crackdowns on anything US government cannot control; we've already seen what happened to mixers and even wallet softwares that did CoinJoin and of course what they've been doing to exchanges (forcing more surveillance).

On top of that US regime is trying to take control of the mining as well. That's is already terrible for bitcoin not to mention for the US electrical grid that is already experiencing a lot of problems and some predict "power shortfall" in the next decade. That only means crackdowns and centralization would get worse.

I see the same thing as @Don Pedro Dinero - it seems like you might’ve shared a different link, OP. I can’t scroll down either because it’s behind a subscription wall.

Anyway, if this is true, it’s a great sign that Trump is seriously considering not just Bitcoin but probably crypto in general. Well, he does have a project, so there’s a chance he might promote it too. Let’s see how this plays out.

I bet you many other countries already doing this in some way (thru their intelligence agencies or something). Which country was it that was collecting seized BTC and unlike USA they were not selling it? We know North Korea already doing it. El Salvador. All small countries but already so much BTC.

Just waiting for USA and China to come in then boom we gonna get our 1 million BTC lol

That would be great if that was the case, however - I don't want to get burnt once things won't go the way they are envisioned  Happened too many times to not to see the pattern at which the news shape our view of the situation overall and on the market too.

You're right. There're more for Trump to tackle rather than the federal reserve on bitcoin. Foremost Trump is an economist which he had also surrounded himself with the economists and analytical teams to resolute the difficulties that the past government of Biden couldn't be able to achieve.
We've all learnt about the global wars and economy crisis savaging the contents of global resources.
The impact of global reserve is indeed a good decision but being sincere, that's only tangible for the US and bitcoin adoptors while there're more essence criterias to be made a prior at his resumption in office as theUS president.
And yeah the aim towards the adoption of bitcoin for Fed reserve could be achieve as time goes by while he's therefore thriving on executing effective others to rescue not just the economy surrounding bitcoin but most especially insecurities and global infrastructures.

We will need more time to see more actions from the administration for real - and I agree with your stance on it too.
Nothing comes cheap from politicians, and we would need to see bigger decisions unfold before they would start doing something regarding the crypto space and Bitocin.
On a side note - you've got your signature a bit wrong, there is "center]-/center" seen in it.

I don't think you read the article you read because the article did not lay this much emphasis on the relationship between bitcoin and the US. The article focused on how the trump administration is going to have a good relationship with tech companies and venture capitalists. It also talks about people from  Marc Andreessen and Elon Musk's corner having strategic government positions to make the transition from the Biden administration which had a foot on the throats of venture capitalists to the tech-friendly Trump administration.


I have said something similar before.
On second thought, it might be better for us if a whole lot of people believe that because the more they do and that narrative spreads, it might create more demand for bitcoin, which will in turn make the price keep going up  . So it might just benefit us to let them continue in the delusion.

From what you shared, it seems Trump might prioritize policies that focus on the recognition of Bitcoin within financial institutions, especially banks. I’m not entirely sure about the current accounting practices in the banking industry when it comes to crypto holdings, but I assume those holdings are mostly from clients, with banks acting as custodians. In that case, it makes sense for those holdings to be treated as liabilities since the banks are obligated to return them within a certain timeframe. Because of the unique risks involved, it’s reasonable not to consider them as assets.

My guess is this "crypto ball" could be addressing crypto regulation. This would make sense since Trump would need to establish a clear stance on crypto in general before moving forward with bigger plans, like the strategic reserve we’ve all been waiting to see happen.

Unlike others, what I expect from the Trump administration is a more crypto-friendly administration, but I don't expect and expect to have bitcoin reserves. To me, the expectation of a bitcoin strategic reserve is unrealistic even without Jerome Powell's recent statements on bitcoin. If we look at the matter realistically, we will see that a fairly young, small and volatile asset like bitcoin...Not suitable to be a national strategic asset.

That may change and be considered by governments in the future as bitcoin becomes more mature but for now, that is not going to happen, IMO.