Nostr

If Trump actually sets up a strategic Bitcoin reserve and sets a buying schedule in place, I will conclude that he is either much dumber than people realize, or he is actually what a tiny sliver of people think he really is.

My actual expectation is that he doesn't do it (because he's a politician and power-grabbers and he wants USD hegemony + money printing, just like all other politicians and power-grabbers). And I expect the price to temporarily crater in the medium term (Fed comment last week effect multiplied by a lot)

Looking forward to being wrong!

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Discussion

GrumpyGardener 1y ago

Curious how closely you follow politics? Like, do you follow politics as closely as you follow tech?

vinney...axkl 1y ago

I follow politics way less closely than tech.

..I'm also not sure what "politics" means here. I pay attention to messaging and narratives both in the mainstream and alternative publishing.

And I think I have a decent handle on what the Trump true believers think he is (and I even see the validity of some of their claims, though many others seem totally wild and baseless)

GrumpyGardener 1y ago

Fair. it's not a loaded question. I was just curious because of everyone's low expectations of trump. During his tenure, for every 1 new piece of legislation, he negated 4.

In energy and manufacturing, things were booming.

Things were chaotic during his administration, but it was mainly the allergic reaction to Trump that so many had. His policies were actually really good for business and national security. The dollar is our #1 export and weapon. No chance he's doing anything to weaken that, but a strategic reserve doesn't weaken the dollar in my opinion. It strengthens it. I think we see it happen.

vinney...axkl 1y ago

I don't disagree with any of that!

...except for the last part. I think a strategic reserve absolutely weakens the dollar. And it being our export/weapon (as you astutely point out), is the number 1 reason why I think he won't fuck with it.

Not looking forward to seeing the wrath of the bitcoiners when they realize he played them for votes.🫠

But again, I do hope I'm wrong and if I am, I will seriously reconsider my priors on what I think is going on in Trump's head.

GrumpyGardener 1y ago

The thing is, he doesn't have a choice. Without Saudi Arabia requiring a payment for oil in dollars, the world doesn't need them. Trump is a brilliant strategist and I do believe he is devout patriot.

The only weapon central bankers have against Bitcoin is a money printer. But our excessive printing is and choice to use the dollar as a weapon is the reason nations are leaving the dollar behind. Suadi is already an official member of BRICS and BRICS is already greater than the G7.

Petrodollar is over. Trump knows this. People still use the dollar because the United States is stable... Bitcoin strenghtens that position.

Trump can't be against the central bankers in public... But there's a reason he has an Andrew Jackson bust in his office. I think he goes for it.. time will tell.

vinney...axkl 1y ago

I'd be happy to see it

Sovereign Being 1y ago

It could happen, but its unlikely to play out how "we" would like it to. I agree, I think he likes the dollar and how it empowers the US in the world, and he doesn't want to change that.

If I was the FED, the only way I would allow this is if I was able to shape the narrative around Bitcoin and guide it towards not being a competitor to my product.

vinney...axkl 1y ago

Isn't that up to Congress to decide, at least on the face of it? (Re: the FED)

TK SuitCoin.exe 80HpW 1y ago

It goes up we stack, it goes down we stack more. This is the way.

vinney...axkl 1y ago

Totally agreed there.

τέχνη 1y ago

Bitcoin price is cratering next year at the exact time it is scheduled to crater according to the previous halving cycles.

vinney...axkl 1y ago

🫡🫡