You reminded me that I want to watch some of the hivefest presentations; I hope to get to that soon.
Bitcoin ETF
On a Bitcoin ETF - that can work out, as long as there is not much of a premium cost to buying the ETF over just owning in in your own wallet where you control the keys, for better or for worse. You have assessed your interest in controlling your own Bitcoin in a wallet and chose the ETF route which is certainly legit.
Trump and Bitcoin
On Trump support of Bitcoin and crypto, I agree.
He uses his prestigious office to talk about Bitcoin in a positive light. No other president has done this. Since Trump won the election with a majority, there is the sense that these supporters of him will be open to buying Bitcoin when they hear him talking about it.
Trump is in support of legislation that clarifies the rules and regulations on Bitcoin and other crypto. This causes people to be more comfortable with buying Bitcoin.
Trump did not sell any Bitcoin the government held from previous legal actions in which it acquired it. This decreases sell pressure that would have been there from US gov sales.
Trump and his family hold Bitcoin and other crypto. They have made a ton of money from it, and have a new business set to make more money. One can read about that here: https://decrypt.co/344663/trump-family-already-made-1-billion-profit-crypto-eric-trump Therefore, Trump will probably take action in the future to keep the price of Bitcoin and crypto high and rising over time.
I'll mention @dresearch here, since they asked some great questions in their reply to you! Maybe this answers some of that, or at least provides a starting point for further research and discussion.
NFA! DYOR!
This is Not Financial Advice! Everyone needs to do their own research before buying any risky assets.
1.Why did he speak positively?since ordinary people had lost all their money, everyone wanted the price of bitcoin to go up so they could make a profit and recoup their losses, who should have voted for him to become president?ordinary people!what should have been said to make ordinary people, even those who did not know trump, vote for him? It is true that the best thing to do was to speak about something that everyone knew what it was but was in a loss and recession.why does he still speak positively because he has to speak positively, that the trust of the people is important for the republicans (next term).
2.Laws and regulations are exactly against bitcoin.do you remember when bitcoin first started?why did it go up in price back then?do you think it was used for simple, regular buying and selling?absolutely not!now you say that supporting laws and regulations is good for transparency, that’s what weakens it.everyone has converted all their money into cryptocurrency to hide its value, from ordinary people to criminals.remember those ridiculous NFTs that sold for millions of dollars? Weren’t they money laundering and tax evasion? If cryptocurrencies were transparent, they would have no value.
3.Do you know trump and his family and friends?do they even need bitcoin?do they even need to sell their bitcoin?the money they have...!then you say they started a new business with this?do you even know the trump empire?do you know how much capital he has! New business!!!!!!!!
4.He didn't sell any bitcoin from the previous administration because its price hasn't reached where he wants it to go yet.when your country's biggest bank debtor is, you have to sell it for the highest possible price.
A question, suppose you have a lot of trust in me👨⚕️🤚, at one time I have benefited you, after a while I will tell you, there is a deep well a little ahead, jump into it!
Will you jump?
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