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While the Universe of the Bitcoins often remains associated with the logic of opposition to the states, there seems to be a major change. Blockstream CEO Adam Back says Trump has accelerated the acceptance of bitcoins for several decades.
In short
- Trump’s Presidency accelerates the institutional acceptance of bitcoins, according to Adam back from Blockstream.
- This political dynamics challenges the values of Cyplerpunks and the confidence of investors crypto.
Bitcoins and political power: a strategic move
For Adam Back, a symbolic figure of the Cypherpunk movement, the victory of Donald Trump would allow Bitcoin from Win 40 years before its adoption states. He believes that this convergence between governments and cryptocurrencies was unimaginable ten years ago.
According to him, Trump acts as a catalyst. What supports US states and potentially sovereign funds Integrate bitcoins into your strategy ! In addition, we are now talking about “creating Bitcoin’s strategic reserves”! A thought that would seem absurd at the time of the white book Satoshi Nakamota.
Some cryptography experts welcome contemporary dynamics. Others raise concerns. For example, Vitalik Bterin warns of political recovery that would betray the founding values of blockchain:
- neutrality;
- transparency;
- freedom.
In response that he recognizes this risk during the interview. Notes that it is more difficult to manage the confidence of citizens when Traditional institutions take up bitcoins.
Bitcoin: The opportunity or dilute the spirit of Cypherpunk?
The support that Trump depicts crypto could strengthen BTC legitimacy in the eyes of institutional investors. Accepting products such as Bitcoin ETF in the United States It already illustrates some normalization. But it also questions: Integration into the state apparatus does not lose Bitcoin its essence?
Adam Back, the inventor of the hashcash, the basis of the mechanism of work evidence, recalls that the hostility of crypto regulatory bodies has long forced innovation abroad. Today, political signals are more favorable. But there is a tension.
According to him, the progressive accumulation of BTC by governments could paradoxically benefit small investors. In fact, it takes them time to buy bitcoins before possible prices.
If Trump’s dynamics seem to open the door to cryptus, it also raises the question of their basic values. Is the states to be accepted, but at what price for the soul of bitcoins and other cryptocurrencies? A debate that is just starting!
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My name is Ariela and I’m 31 years old. I have been in the area of writing a website for 7 years. I have discovered discovery and cryptocurrency for only a few years. But it is a universe that interests me a lot. And subjects treated in the platform allow me to learn more. In my free time, the singer also cultivates a great passion for music and reading (and animals!)
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
