Bitcoin Price Collapse Is About To Get Worse... [Big XRP News]

Introduction to the Problem

The US Department of Justice (DOJ) has been cleared to sell $6.5 billion in Bitcoin seized from Silk Road, which could negatively impact the price of Bitcoin and the expected bull market in 2025.

Proposed Solution by Donald Trump

Donald Trump plans to keep 100% of all Bitcoin the US government currently holds or acquires in the future, creating a strategic national Bitcoin stockpile.

Trend Among US States

Several US states, including New Hampshire, Pennsylvania, Texas, Ohio, Florida, and Alabama, are proposing or have passed laws to create a Bitcoin strategic reserve.

Importance of Bitcoin Reserve

According to Fred Thiel, CEO of Marathon Digital, a Bitcoin reserve is necessary for the US to:

• Have the ability to pay for things in the event the dollar is locked out of a market or debased
• Affect international markets that use Bitcoin for settlement
• Impact Bitcoin price and people's ability to use it

Bitcoin Mining

Bitcoin mining is crucial for the US to have a significant amount of block space, ensuring that US transactions can be processed and not locked out by other nations.

Donald Trump's Crypto Plans

Trump aims to make the US the crypto capital of the world, eliminate old regulations, and embrace the crypto industry.

Bullish Outlook for Bitcoin

The speaker is bullish on Bitcoin's long-term viability and believes the current price might be a great buying opportunity, with potential for the market to turn around after Trump's inauguration.

Benefits of Holding Bitcoin

Holding Bitcoin can:

• Hedge against inflation and deflation
• Provide an alternative to the debasing US dollar
• Strengthen the US dollar if held in reserve by the US government

Conclusion

The speaker encourages people to buy and hold Bitcoin, considering it a smart investment for the future, and believes that 2025 will be a great year for crypto, with potential for significant gains.