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If Russia is starting to sell the gold it has been hoarding for years, it's because it's truly on the brink of financial collapse and desperately needs cash to finance its war.
Otherwise, selling its gold for weak money would make no sense. The only plausible reason would have been to sell some of that gold to buy Bitcoin.
Once you understand the "why" of Bitcoin and what Bitcoin actually is, there's no reason to panic. This is a normal part of any free market like Bitcoin.
Patience always makes a difference. Adopt a long-term perspective and disregard the low-money price of BTC.
If you let your emotions dictate your Bitcoin strategy, you'll be lost.
You need to understand the "why" of Bitcoin and strive to adopt a long-term perspective. Then you'll be able to implement an effective strategy based on your conviction, without ever letting your emotions take over.
Financial giants like BlackRock and Michael J. Saylor would have you believe that Bitcoin is simply a digital gold, a system of value integrated into the current system.
This is clearly a trap we must avoid.
Bitcoin is much more than that. Bitcoin is, first and foremost, an alternative to the fiat system. We must continue to fight so that the Bitcoin revolution can reach its full potential.
The idea is brilliant, but as always in France with these kinds of ideas that could pull the country out of its current dire situation in the future, you can be sure it won't be adopted.
It's tragic.
The real question is: why is America still limiting itself to accumulating Bitcoin through seizures rather than following a real Bitcoin accumulation program as was advertised?
The very fact that the IMF is blackmailing people in this way is shameful and shows that the IMF is not acting for the people but for its interests.
"Spend and Replace your Bitcoin" includes the "Earn in Bitcoin" part.
Seek to get paid in Bitcoin as much as possible and then spend your Bitcoin at merchants supporting Bitcoin payments to strengthen the circular economy based on the Bitcoin system.
Your Meme is excellent.
What worries me the most at this point is to see that the majority simply do not want to become sovereign individuals preferring to remain slaves to the current monetary and financial system.
He never had any credibility for me.
One more demagogic politician to add to an endless list.
But I remember being attacked when I criticized him at the time.
Time always ends up showing what politicians and bankers are.
There will also be inequalities, because no system is unfortunately perfect, but in another form, and above all, the system will be better than the current system from this point of view.
Provided of course that the Bitcoin revolution is not captured by BlackRock, Michael J. Saylor, and Co ...
They need to stop with these false clickbait headlines.
The word "Bitcoin" does not even appear once in the Executive Order.
We are far from Trump's promises during his campaign.
We suspected that these promises were only intended to attract the support of the community of pseudo-Bitcoiners in Nashville, and we just had proof of it.
The Working Group that he announced could well say that only Made In USA cryptocurrencies should be in this reserve. That would suit the bosses of Solana, USDC, and XRP.
Even worse, if the Working Group says that there can also be Bitcoin, it would give the impression that Bitcoin and Crypto are the same thing when they have nothing to do with it!
The only good thing is the ban on the creation of a digital dollar!
The most terrible thing is that the majority of Bitcoin market participants still don't understand the why of Bitcoin, and we have to wait for the Fed to release inflation figures for Bitcoin to rebound.
Bitcoin is here to free us from the playground of the Fed and the powerful in the current system.
Bitcoin isn't better because the Fed publishes these numbers. The value proposition is still the same.
It will take a lot of education before a majority of people finally understand that Bitcoin is there to offer us an alternative to the dollar system, not to be integrated into this flawed system as a simple SoV.
The potential of the Bitcoin revolution is far greater!
The problem with Russia adopting Bitcoin is that it is certain to be reserved for the Russian government to circumvent Western sanctions, and the people will be denied access to this unique liberating monetary revolution that is Bitcoin.
I had some fun creating the Bitcoin Price in Words Web page a few years ago.
At the time, the price of Bitcoin was well under $5K.
I didn't imagine that the price of Bitcoin would reach $100K so quickly.
And yet, when I look at this page today, I see we're almost there!
Take a look at this page. You'll have the pleasure of hearing the price of Bitcoin if you click on the area where the price is located.
A great moment to experience when the $100K mark is reached.
Complete article here: https://archive.ph/a9rIQ
1. Donald Trump to fire SEC Chair Gary Gensler on Day 1
Throughout his presidential campaign, Donald Trump has repeatedly said that the war on cryptocurrency must come to an end. It's obvious that Donald Trump has only one dream when he arrives at the White House in January 2025: to say his famous phrase “You're fired” to SEC Chair Gary Gensler.
In practice, it won't be quite so easy to fire Gary Gensler, who is normally in office until 2026, but the pressure will be so great that it seems obvious that he will have to step down.
In his place, Donald Trump will be pushing for someone who will be progressive in the field. A real revolution for the cryptocurrency world.
2. Donald Trump to commute the sentence of Ross Ulbricht on Day 1
Donald Trump's campaign promise is eagerly awaited in the cryptocurrency world. Donald Trump announced during his presidential campaign that the creator of Silk Road would be released on his first day in the White House.
Arrested in 2015 for operating his site on the dark web, Ross Ulbricht has been serving a life sentence for nearly ten years. His release would be an ultra-positive signal sent by Donald Trump concerning freedom in general.
3. Donald Trump could remove capital gains taxes on Bitcoin transactions
In the home stretch of the presidential race, Donald Trump explained that Bitcoin should be considered a currency when used for everyday payments. It would therefore seem logical to him that Bitcoin should not be taxed in this context. Nothing is certain, but it is possible that Donald Trump will argue in favor of removing capital gains tax from Bitcoin transactions below a certain amount.
This could boost the use of Bitcoin as a MoE. An excellent thing!
4. Donald Trump could support the creation of a Strategy Bitcoin Reserve for America
Cynthia Lummis is already working on a bill to this effect to materialize the fact that America is re-entering the Bitcoin accumulation race during the 4 years of the Trump presidency with a planned purchase of 1 million BTC over that duration. This would be in addition to the 213K BTC already owned by America following various seizures in court cases.
This could launch a veritable race to accumulate BTC by governments around the world while freezing ever more BTC that could no longer be used by people in everyday life.
A good thing for America and its status, but not so good for the Bitcoin revolution and its liberating power.
5. Donald Trump to prevent a CBDC during his presidency
Donald Trump explained throughout his presidential campaign that during his presidency he would oppose the creation of a digital dollar. Donald Trump has joined the camp of freedom, which overwhelmingly rejects Central Bank Digital Currencies as an instrument of mass surveillance.
We can be sure that Donald Trump will prevent the Fed from going ahead with such a project, even if the Fed is independent of the White House.
6. Donald Trump could create a "Bitcoin and Crypto" advisory council
Nothing is certain here, but Donald Trump could well push for the creation of a “Bitcoin and Crypto” advisory council. In my opinion, it would be a good thing to set up such a council with people who have a thorough understanding of this industry, its limits, and its disruptive potential.
All too often, politicians who understand nothing about these technological issues make disastrous decisions without knowing the ins and outs. Other governments around the world would do well to take inspiration from such an initiative if Donald Trump were to follow it.
7. Donald Trump will support the right to self-custody
The right to self-custody is at the very heart of the Bitcoin revolution. The aim is to enable everyone to take power over the fruits of their labor without intermediaries. Donald Trump has already said he will support the right to self-custody. That's a great thing!
It remains to be seen how this will manifest itself in practice, but Donald Trump will certainly be eagerly awaited on this point by the entire Bitcoin world. Every citizen must be able to hold his or her own Bitcoin without having to go through an intermediary. Without this, the Bitcoin revolution loses all meaning.
8. Donald Trump will end the "war on crypto"
The war against cryptocurrency being waged by a few anti-crypto Democratic Senators and SEC Chair Gary Gensler will quickly come to an end once Donald Trump takes office in the White House. This will be facilitated by the fact that Donald Trump will now be all-powerful with a majority in both the Senate and the House of Representatives.
Again, this will be a good thing. It's better to seize the Bitcoin opportunity that presents itself, rather than fight unnecessarily and delay this disruptive industry, which will eventually take hold whether the naysayers like it or not.
9. Donald Trump will make America the global leader in the Bitcoin Mining industry
Donald Trump's strategy remains the same: Make America Great Again.
Donald Trump wants to support the Bitcoin Mining industry, but only on condition that future Bitcoins are issued by American industry leaders. The Bitcoin mining industry in America will therefore be boosted by Donald Trump's arrival in the White House. It's even conceivable that America itself could end up following the example of Bhutan or other countries that mine Bitcoin directly with government resources.
If this were to happen, we can also imagine that game theory would kick in and China would completely change its anti-Bitcoin stance.
10. Donald Trump will make America the world's crypto capital
Along the same lines as the previous point, Donald Trump is ready to support any initiative that is likely to make America a world leader in any field. Above all, Donald Trump wants to fight to preserve America's hegemonic status over the world.
Since cryptocurrency looks set for a great future, then Donald Trump wants America to become the crypto capital of the world. This means that all American companies in the sector will be supported and that the war on crypto that has been holding back innovation in America will come to an end.
Are you looking for the best Bitcoin marketing video of all time?
This video by Jamie Dimon is probably a strong contender.
To denounce Bitcoin and why the government should try to ban it, Jamie Dimon promotes everything Bitcoin brings to the table: Bitcoin frees you from the yoke of governments that have oppressed you for decades.
Bitcoin is our way out!
I think the people who are disappointed are primarily those who set specific goals with deadlines. The Bitcoin revolution doesn't care about that kind of prediction.
The Bitcoin revolution is progressing at its own pace. It will take as long as it takes, but what the Bitcoin revolution offers is so advantageous that it will eventually spread whether Bitcoin's opponents like it or not.
Patience will make all the difference.