It finally happened. Trump won the 2024 elections and became the 47th President of the United States of America.
Simply put, this presidential victory changes everything for Bitcoin.
As a non-US bitcoiner, I normally don’t care much about the US elections and what’s happening in the US. But this time it was different. I’ve been watching it closely. I hoped Donald Trump would win. Because of Trump’s pro-Bitcoin pledges, I saw this election as a referendum on the old monetary system.
Let’s face it: when the US sneezes, the world catches a cold. Nearly every country looks to U.S. regulations as a blueprint for new technologies.
With Trump promising to make Bitcoin a reserve asset and pro-Bitcoin senators like Cynthia Lummis push for a bill If the US wants to buy Bitcoin and use it as a strategic reserve, every other country has been put on notice. They must embrace Bitcoin or they will be left behind.
Regulators around the world are facing a huge FOMO moment. We can expect a wave of Bitcoin and crypto-friendly policies as countries make efforts to accumulate Bitcoin reserves. Nobody wants to miss the boat.
This is the point of no return for Bitcoin’s legitimacy. Supervisors can no longer dismiss it as a criminal instrument. Now it will be a reserve resource that shines brightly in the center of the world.
I predict trillions will flow into Bitcoin from sovereign wealth funds, pensions, endowments and more. The institutional FOMO will be unreal.
What will the world look like as banks and governments race to accumulate? I don’t know exactly. But for someone who has been in Bitcoin for eight years, this moment feels surreal. I never thought we’d get here so quickly.
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 To take. The opinions expressed are solely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.