It finally happened. Trump won the 2024 election and became the 47th president of the United States of America.
Simply put, this presidential victory changes everything for bitcoin.
As a non-American bitcoiner, I usually don't care much about American elections and what happens in the US. But this time, it was different. I looked at it closely. I was rooting for Donald Trump to win. Because of Trump's pro-bitcoin promises, I saw this election as a referendum on the old monetary system.
Let's face it: When America sneezes, the world catches a cold. Almost all countries consider US regulations to be the model for new technologies.
Now, with Trump promising to make bitcoin a reserve asset and pro-bitcoin senators like Cynthia Lummis bitcoin-Act-FINAL.pdf”>lobbying for a bill For the United States to purchase bitcoin and adopt it as a strategic reserve asset, all other nations have been put on notice. They must adopt bitcoin or be left behind.
Regulators around the world are facing a massive FOMO moment. We should expect a wave of bitcoin and cryptocurrency-friendly policies as countries scramble to build up bitcoin reserves. Nobody wants to miss the boat.
This is the point of no return for bitcoin's legitimacy. Regulators can no longer dismiss it as a criminal tool. Now it will be a reserve asset that will shine on the center of the world stage.
I predict trillions of dollars will flow into bitcoin from sovereign wealth funds, pensions, donations, and more. The institutional FOMO will be unreal.
What will the world be like when banks and governments rush to accumulate? I don't know exactly. But as someone who has been in bitcoin for 8 years, this moment seems surreal. I never imagined we would be here so soon.
bitcoin's time has come, and the next four years will propel it into the stratosphere as we move one step closer to hyperbitcoinization.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.
