Trump Just Extended Bitcoin’s Lifespan to 2065—At Least According to This Crypto Guru

Love him or hate him, Trump’s latest alleged endorsement sends BTC maxis into euphoria—because nothing says ’long-term store of value’ like political whimsy.

One Bitcoin bull claims the former president’s nod adds four decades to crypto’s runway. Because if there’s one thing politicians excel at, it’s accurate long-term forecasting (said no trader ever).

Meanwhile, Wall Street still can’t decide if Bitcoin’s a currency, commodity, or existential threat to their 2-and-20 fee models.

In brief

• Trump’s presidency accelerates institutional adoption of bitcoin, according to Adam Back from Blockstream.
• This political dynamic challenges cypherpunk values and crypto investors’ trust.

Bitcoin and political power: a strategic turning point

For Adam Back, a prominent figure in the cypherpunk movement, Donald Trump’s victory would have allowed bitcoin to. He indeed believes that this rapprochement between governments and cryptocurrencies was unimaginable ten years ago.

According to him, TRUMP thus acts as a catalyst. Enough to encourage some American states and potentially sovereign wealth funds to! Moreover, people now talk about “creating strategic bitcoin reserves”! An idea that would have seemed absurd at the time of Satoshi Nakamoto’s white paper.

Some cryptography experts welcome the current dynamic. Others raise concerns. For example, Vitalik Buterin warns against a political hijacking that WOULD betray the founding values of the blockchain:

• neutrality;
• transparency;
• freedom.

In response, Back acknowledges this risk during an interview. He notes that it indeed becomes more difficult to manage citizens’ trust when.

Bitcoin: opportunity or dilution of the cypherpunk spirit?

Trump’s public support for crypto could strengthen BTC’s legitimacy in the eyes of institutional investors. The adoption of products likealready illustrates a certain normalization. But it also raises the question: by integrating into the state apparatus, does bitcoin lose its essence?

Adam Back, inventor of Hashcash, the basis of the proof-of-work mechanism, reminds us that crypto regulators’ hostility long forced innovation abroad. Today, political signals are more favorable. However, tensions remain.

According to him, a progressive accumulation of BTC by governments could paradoxically benefit small investors. Indeed, it gives them time to buy bitcoin before a possible price surge.

While the Trump dynamic seems to open doors for cryptos, it also raises questions about their fundamental values. The adoption of cryptos by states is underway, but at what cost to the soul of bitcoin and other cryptocurrencies? A debate that is just beginning!

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