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

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.

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.

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!

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.

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.

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.

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.

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.

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.

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!

By repeating that Bitcoin as an MoE is a distraction, Michael J. Saylor has contributed to the growing disinterest in the Lightning Network.

This is a shame because, with his audience, Michael J. Saylor could have encouraged the development of the Lightning Network, which is supposed to be the solution for everyday payments in Bitcoin.

Unfortunately, the numbers don't look good for the Bitcoin Lightning Network.

The number of nodes has been halved, as have the number of channels and the network's Bitcoin capacity. Across the board, all metrics have been halved.

Less and less capacity, and therefore fewer and fewer users.

What does this lack of interest in the Bitcoin Lightning Network mean to you?

Does it represent a victory for the camp of financial giants like BlackRock and Michael J. Saylor, who want to sell to the general public the idea that Bitcoin is first and foremost an SoV that needs to be integrated into the current system?

I look forward to hearing your opinion on the subject.

In 2024, Bitcoin set a new record with 53 million non-zero addresses!

However, we can't link this to an explosion in Bitcoin adoption, as the use of Bitcoin as an MoE is stagnating strongly.

The entry of financial giants into Bitcoin is a major reason for this.

Today, BlackRock controls over 2% of the current Bitcoin supply. Cumulatively, the financial giants are approaching control of almost 5% of the current Bitcoin supply.

Bitcoin is gradually being integrated as a simple SoV into the current system.

A real danger for the future of the Bitcoin revolution, as Bitcoin is not intended to be integrated into the current system, which is flawed and not fixable, but rather to grow as a superior alternative accessible to all.

DELETE COINBASE

I also think that America will do everything to prevent the fall of the king dollar. As such, I doubt that America will go in the direction that Trump wants to push by making Bitcoin a strategic reserve asset. This would mean weakening the dollar that America can manipulate in favor of hard money that America cannot manipulate. That would be surprising.

You're right, but what bothers me most is to see so many people adoring him in this way simply because he says the word Bitcoin when he doesn't give a damn.

The big question for me is: with what money?

If the goal is to buy Bitcoin by stealing from the people a little more by printing fiat money out of thin air, then no.

If the goal is to buy Bitcoin with a budget surplus, which has never happened in America for years and years, then why not...

Bitcoin is an alternative monetary system superior to the dollar system.

Bitcoin aims to replace the dollar system, not to be fully integrated and marginalized as a store of value inside this flawed system.

Bitcoin's appeal lies in the fact that it is based on a finite supply (21M), has a programmatic monetary policy that no one can arbitrarily influence, and is decentralized.

Decentralization is the key to Bitcoin's future success.

To hear RFJ Jr. or even Michael J. Saylor say that the U.S. government should own the majority of Bitcoin in circulation is utter heresy.

An idea that goes against the very interests of the Bitcoin revolution, which is supposed to liberate people from the yoke of governments and central bankers.

This is what is most interesting about the Bitcoin revolution. Above all, it is the countries where poverty is the highest that adopt it most quickly. This will be a real game-changer for these countries in the future. The example of El Salvador is instructive on this subject. Bitcoin is an opportunity to seize.

The real problem is that even when it's too much, there's nothing we can do about it.

Even more worrying is that, for these financial giants, Bitcoin as a medium of exchange is a distraction. They are reinforced in this by Michael J. Saylor, who has also been promoting the same idea for some time.

However, if Bitcoin is not adopted as a medium of exchange, the Bitcoin revolution will not be able to express its full potential.

All the Bitcoin held by these financial giants will no longer be usable. These financial giants aim to integrate Bitcoin as a store of value only within the current system.

This is unfortunate when you realize that Bitcoin is first and foremost a superior monetary system. Bitcoin aims to replace the current system by offering you a superior alternative, not to be integrated as part of a flawed system.

"I will ensure that the future of cryptos and Bitcoin is made in the United States. I will support the right to self-custody for the country's 50 million crypto owners. I will keep Elizabeth Warren away from your Bitcoins."

Donald Trump, at a presidential campaign rally.

Sudden realization or pure demagoguery in the run-up to the US presidential election?

Your thoughts?

Russia therefore confirms that it understands nothing about how Bitcoin works. Wanting to ban Bitcoin only justifies the very existence of Bitcoin and strengthens the Bitcoin system which will grow from it!

Initially, the Fed was created to prevent these bank failures. From now on, it is the Fed which leads to its bank failures with its monetary policy. Rather than avoiding them, the Fed simply announces that more bank failures will occur. Is there anyone to run this flawed system?

Did Michael J. Saylor forget Nostr existed?

Complete article here: https://archive.ph/lOvx6

Are you surprised?

I guess not, because otherwise, you wouldn't be on Stacker News.

I wonder how the general public reacts to this type of news coming from Bloomberg which describes the unsustainable situation towards which the American economy is heading for the future.

Do you think this could accelerate the adoption of Bitcoin? Or do you think that this will not change the general public's blindness to the flaws of the current system?

Probably on the same model as the Java improvement proposals: JDK Enhancement Proposal (JEP).

The real signal of the Bitcoin revolution is found in these types of projects which aim to help as many people as possible benefit from Bitcoin. Even without the Internet, you can enjoy the liberating power of the Bitcoin revolution.

On X, a man shares his situation. He bought a house for $2.4M two years ago.

On March 5, 2024, he sells this house for $2.475M.

The problem is that to beat the effects of inflation in America, he would have had to transform this $2.4M into $2,529,253 in March 2024.

We can therefore estimate that this person lost $75K in this real estate deal.

He regrets not having bought Bitcoin at the time for the $2.4M, as he could have bought 300 of them. Today, those 300 BTC represent over $19M.

He concludes with an eloquent question:

"Is your home worth 1.4 million? If you said NO you should sell your home, and invest the funds left over from renting."