It finally happened. Trump won the 2024 election and became the forty-seventh president of the United States of America.
Simply put, this presidential win changes everything for Bitcoin.
As a non-US Bitcoin user, I usually don’t care much about the US elections and what happens in the US, but this time, it was different. I watched it closely. I was rooting for Donald Trump to win. Given Trump’s pro-Bitcoin pledges, I saw this election as a referendum on the old monetary order.
Let’s be real, when the United States sneezes, the world catches a cold. Nearly every country views U.S. regulations as a blueprint for new technologies.
Now, with Trump vowing to make Bitcoin a reserve asset and pro-Bitcoin senators like Cynthia Lummis Lobbying for a bill For the United States to purchase Bitcoin and adopt it as a strategic reserve asset, every other country has been notified. They must embrace Bitcoin or be left behind.
Regulators around the world are facing a massive FOMO moment. We should expect a wave of Bitcoin and crypto-friendly policies as countries scramble to accumulate Bitcoin reserves. No one wants to miss the boat.
This is the point of no return for Bitcoin’s legitimacy. Regulators can no longer ignore it as a criminal tool. Now, it will become a reserve asset shining on the global center stage.
I expect trillions to flow into Bitcoin from sovereign wealth funds, pensions, endowments, and more. The fear of institutional fear will be unrealistic.
What will the world look like when banks and governments race to accumulate money? I don’t know exactly. But as someone who has been working 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 push it into the stratosphere as we move one step closer to hyper currency.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.