I've been hearing a lot about Trump and other world leaders, big corporations, and countries and how they can impact Bitcoin and make it grow. While I agree that these people can impact Bitcoin, Bitcoin does not revolve around them.
Totally agree
Bitcoin has seen many developments, many types of adoptions from various areas including
small countries
El Salvador, Institutional investment interests with the many
Spot ETF's in the US but in the mean time the dynamics of Bitcoin remain the same.
Developers keep developing
Miners keep mining
Nodes keep being hosted
These for me are the triad of essential Bitcoin health Bitcoins journey.
I think we have no choice, we still need them. Because if they say we don't need them, what if a big country like the US adopts the same stance as China and makes Bitcoin trading illegal? That would really put us in a tough spot. I believe we have to accept that the key to widespread Bitcoin adoption is friendly regulation among major countries. So, we need the US and other big countries to be positive about Bitcoin, ensuring its adoption continues to grow.
Once again this is where most people actually get it wrong when there is a statement about bitcoin having the capacity to stand out on his own. Bitcoin is decentralized we know but that doesnt mean government policies
But would the government turning away from bitcoin now actually make it die? I think you know the answer is No because bitcoin has grown so well even the FUD was high during its early years so right now where the adoption is almost global and the importance is there for all to see it wouldnt be much of a thing without the government support.
No
News like Trump becoming "interested" in Bitcoin really gets a lot of attention and some people
believe Bitcoin can only continue to exist with interest from the likes of ETF's and National
Reserves and such like but again Bitcoin's journey will continue without them.
Not everyone is convinces that ETF's and National Reserves are that essential for Bitcoins continued
existence or its future.
Sure there are plenty who really advocate for it but thats IMO more about making profit.