The Rise of Bitcoin and Its Global Impact

(Source: Chungkin Express)

Bitcoin (BTC), as the most influential cryptocurrency in the world, has developed for over a decade, from the initial peer-to-peer electronic cash system to today's digital gold. The market value and influence of BTC have reached unprecedented heights. Recently, the President of the United States, Donald Trump, stated that he will promote cryptocurrency to become the national reserve of the United States. This news has sparked heated discussions in the market.

Trump's policies and the future of cryptocurrency in the United States

The United States will become the capital of global cryptocurrencies

In a recent statement, Trump emphasized the need for the United States to change the 'corrupt attacks' of the Biden administration on the cryptocurrency industry, and plans to include Bitcoin in the national reserves to promote the United States as the global capital of cryptocurrencies. He stated: After years of corrupt attacks by the Biden administration, the US cryptocurrency reserves will boost this key industry, which is why my executive order on digital assets instructs the President's working group to advance a strategic reserve of cryptocurrencies including XRP, SOL, and ADA, ensuring that the United States becomes the world's cryptocurrency capital. We are making America great again!

Bitcoin, Ethereum will become the core reserves

One hour after this statement was made, Trump added: Obviously, BTC and ETH, as well as other valuable cryptocurrencies, will become the core of reserves. I also like Bitcoin and Ethereum! This statement further strengthens Bitcoin's market position and provides policy support for other mainstream cryptocurrencies such as Ethereum (ETH). As the US government may consider Bitcoin as a strategic reserve asset, this will bring broader market adoption and may also drive BTC prices to new all-time highs.

Why is Bitcoin suitable as a national reserve asset?

1. Decentralization feature
   Bitcoin is not controlled by any single country or institution, making it a reliable hedge asset. Compared to traditional currencies or gold, the supply of BTC is fixed at 21 million coins and is not affected by monetary policy.

2. Inflation hedging feature
   With the continuous printing of money by central banks around the world, the inflation problem of fiat currency is becoming increasingly serious. The scarcity and anti-inflation properties of Bitcoin make it an ideal choice for national reserve assets.

3. Global Payments and Liquidity
   Bitcoin's cross-border payment speed is fast, with low fees, making it more efficient than traditional financial systems, making it more competitive in global trade and international settlements.

4. International Competition and Financial Sovereignty

If the United States includes Bitcoin in its national reserves, other countries may follow suit, such as China, the European Union, and Middle Eastern countries, which will further propel Bitcoin to become one of the global reserve assets.

Summary

Bitcoin, as the leader of global digital assets, is gradually moving towards the mainstream financial system. With Trump openly supporting BTC and planning to include it in the U.S. national reserves, the future potential of Bitcoin is even more promising. Although the market may face policy uncertainties in the short term, in the long run, the value of Bitcoin will increase with the global adoption rate. If this policy is implemented, BTC/USD may usher in a new bull market and even become an important component of global reserve assets in various countries.