Crypto, Trump: 'If elected, there will be a national strategic reserve with bitcoin'

He then praised the collaborative aspect of Bitcoin itself. That is to say: perhaps knowing, or not, the cryptocurrency's transaction validation mechanism (the 'proof of work') Trump emphasised that without a collaborative community the cryptocurrency cannot exist, nor function.

He then returned to his classic patriotic themes. Namely: he emphasised, attacking the - in his view - short-sighted policy of the Democrats against the crypto world, the need to be 'friendly', to help the industry in question because otherwise 'it will be China' that will take leadership of the sector. In this sense, he said that the US must become "the crypto capital of the planet and the bitcoin superpower of the world".

The biggest applause, however, came when he said that, with him President, Gensler would be fired. The Tycoon, surprised by the enthusiasm for his statement -and gloating at having identified a hot topic for the audience- reiterated the assertion.

Applause also at the declaration that in 100 days rules will be passed to define activities in the sector. Here, on closer inspection, the applause of onlookers is surprising. True! Trump has made it clear that they will be non-punitive rules, defined by those who know and love cryptocurrency. And, however, the Cypherpunks, and Nakamoto himself, should be sick to their stomachs at hearing about rules. Crypto anarchism, which permeates all the long and deep work initiated by Timoty May and co. up to the Bitcoin White Paper, does not require external rules. Quite the contrary! It repudiates them. But, perhaps, times have changed.

The proof? The most relevant announcement, ignored who knows why by the media - except those on specialised sites - that Trump made at the end. In closing he said that he will menter a national strategic reserve (a 'stockpile') with bitcoin. He will exploit - based on the principle that 'never sell bitcoin (given its deflationary nature, ed.)'- part of the one per cent of the bitcoin supply that is currently already in the hands of the US government.

This is an important step because - assuming the Tycoon becomes president again - it gives the crypto-queen a dignity it has hitherto never been accorded. It is one thing to be legal tender in El Salvador or to be the underlying of ETFs traded on Wall Street. It is quite another, however, to rise to the status of an asset that constitutes a reserve strategy by the world's leading economy. The step is truly remarkable.

Finally, the digital dollar. In the US, several individual, Republican-led states have already opposed the Federal Reserve's digital currency. The reasons? Various: from the risk of control by Big Brother to the loss of freedom in commercial transactions. As is well known, the Digital Dollar, similarly to the Digital Euro, is a project set up by the central bank to meet the challenge to national monetary sovereignty from non-fiat currencies.

Here, on closer inspection, the real target of the central institutions is not so much bitcoin (still too volatile), but the possible currencies of the big tech conglomerates. Those hi-tech biggies that, lo and behold, both factions - Republicans and Democrats alike - are trying to glamorise in the run-up to the next vote. A contradiction in terms? One wonders: on the one hand, how can the crypto world - based on the concept of a diffuse system - applaud a candidate who praises the great captains of industry (not only) in technology, who impose global rules and oligopolies?On the other hand, what credibility can a Tycoon who is certainly not an anarchist - on the big issues of politics, security, and subjective rights - have with regard to bitcoin and its great socio-economic innovative value? The answer of many: who cares! "It's the economy, stupid!" Opps: "It's the democracy..." or allegedly so!