Trump’s bold move: Why Bitcoin could be America’s secret weapon in the financial revolution

December 8, 2024
Lisa N Edwards

I AM endlessly fascinated with how money works and has evolved throughout history. From trading shells and beads to minting physical coins, many metal detectorists love to spend hours walking fields to find these historical gems and, of course, paper money, which the older generation refuses to let go of.

The way societies assign value has always reflected their priorities and technological progress. We are witnessing the dawn of digital money - an evolution I strongly believe in.

Cryptocurrency, led by Bitcoin, represents more than just a financial instrument; it embodies decentralisation and innovation.

My previous writings explored how financial struggles and competition for monetary dominance often motivate wars. From funding armies to controlling resources, economic warfare has been a driving force behind many historical conflicts. 

This raises the question: Is the US finally seeing the light? As global powers and corporations embrace Bitcoin, the US has a pivotal opportunity to secure its position in the next financial paradigm.

The evolution of money: How cryptocurrency marks the next chapter

Money has consistently evolved every few decades, adapting to the needs of societies, technological advancements, and shifting economic landscapes.

Over the last century, we’ve witnessed monumental changes, from commodity-based trade to fiat currencies and now the rise of digital money.

With a proposed Senate bill that could mandate the US Treasury and Federal Reserve to acquire one million Bitcoins over five years, it’s becoming clear: cryptocurrency is positioning itself as the next major milestone in the history of money.

Has the US been left behind?

While the US debates Bitcoin adoption, other nations and companies are racing ahead. The BRICS nations (Brazil, Russia, India, China, and South Africa) are actively exploring alternatives to the US dollar, with some members considering Bitcoin as part of their strategy to diversify reserves.

El Salvador made history in 2021 by adopting Bitcoin as a legal tender, paving the way for national-level cryptocurrency integration.

On the corporate front, giants like BlackRock and MicroStrategy have already embraced Bitcoin.

MicroStrategy, led by Michael Saylor, has amassed a Bitcoin reserve worth billions, positioning itself as a leader in corporate crypto adoption. BlackRock, the world’s largest asset manager, is exploring Bitcoin ETFs, signalling a significant shift in institutional sentiment.

So, has the US left it too late? While it might seem so, history has a way of rewarding those who act decisively, even if they come late to the party. Bitcoin’s value lies in its scarcity and growing demand as a trusted asset.

Any nation or institution joining the race can still position itself advantageously in this evolving space. The critical question is whether the US can act swiftly enough to secure its share of this digital gold or whether hesitation will force it into paying a premium at the peak. Will the USA buy the top? 

Only time will reveal whether this becomes a bold move or a costly miscalculation.

A brief history of money’s evolution

  1. Commodity Money: In the earliest trade systems, tangible items with intrinsic value, like gold, silver, or grain, were exchanged. Trust was rooted in the material’s inherent worth.
  2. The Gold Standard (19th Century - 1930s): As trade expanded, governments introduced paper money, promising its value was backed by physical gold reserves. This system provided stability but limited economic flexibility.
  3. Fiat Money (1971 - Present): In 1971, the US abandoned the gold standard and fully embraced fiat currency. This marked a shift to money that derives value from government trust and decree rather than physical backing. While it offered governments more control over monetary policy, it also introduced inflation and currency debasement risks.
  4. Cryptocurrency (2009 - Future): In 2009 Bitcoin was introduced, a decentralised digital currency built on blockchain technology. Trust moved from centralised institutions to transparent, secure, and immutable systems.

The proposed Senate bill and its implications

If enacted, the US Senate’s proposed bill would require the Treasury and Federal Reserve to purchase 200,000 Bitcoins annually for five years. That’s 1 million Bitcoins, equating to 5% of Bitcoin’s total supply. This development could have seismic effects on the global financial landscape:

  1. Institutional Validation:
    • Government-level Bitcoin acquisition would signal a shift in how traditional institutions view cryptocurrencies. It would be akin to the US stockpiling gold during the Gold Standard era—acknowledging Bitcoin as a critical asset.
  2. Increased Scarcity:
    • Bitcoin’s supply is capped at 21 million coins. Removing 1 million from circulation significantly intensifies scarcity, likely driving up prices and fostering long-term value growth.
  3. A Global Domino Effect:
    • If the US begins accumulating Bitcoin as a reserve asset, other nations may follow suit. This could trigger a global competition to integrate cryptocurrencies into national reserves, further cementing Bitcoin’s status.

Why this represents money’s next evolution

Cryptocurrency’s rise reflects broader societal shifts. People increasingly demand borderless, decentralised financial systems that offer transparency, security, and resilience against inflation.

Bitcoin and similar technologies meet these demands, positioning themselves as the logical next step in money’s evolution.

Here’s how crypto fits into the broader trajectory:

  • Efficiency: Unlike traditional fiat systems, cryptocurrency transactions are faster, cheaper, and not restricted by borders.
  • Trustless Systems: Blockchain technology removes the need for intermediaries, offering unparalleled transparency and security.
  • Decentralisation: Unlike fiat money controlled by central banks, cryptocurrencies are immune to political manipulation or policy-driven devaluation.

What this means for you

The Senate’s potential Bitcoin acquisition plan is a clear signal for investors: cryptocurrency is becoming an institutional asset. Any significant dip in Bitcoin’s price could present a prime buying opportunity, especially as government-level adoption grows.

Here’s why this matters:

  1. Long-Term Growth: Government participation will likely stabilise Bitcoin’s value, making it less speculative and more akin to gold as a store of value.
  2. Institutional FOMO: As the US accumulates Bitcoin, other nations and financial institutions may scramble to follow, increasing demand and prices.
  3. Generational Wealth Opportunity: Much like those who invested early in the internet or tech stocks, early crypto adopters stand to benefit from this monumental shift.

Moving into the next chapter in financial history

If this Senate bill becomes law, it will mark a turning point for Bitcoin and the concept of money itself. We’re witnessing the dawn of a decentralised financial era; THIS IS HISTORY IN THE MAKING, where blockchain technology underpins trust and efficiency.

Cryptocurrency is no longer a fringe asset. It’s becoming the foundation of the next monetary system.

For those watching history being made, you’ll be able to tell your grandkids where you were and how they now live the amazing life provided by your now ability to embrace the future. 

And for those invested in cryptocurrency, the message is clear: the future of money is here.

BUY THE DIP!!!

For more information on Lisa N Edwards, visit https://linktr.ee/LisaNEdwards