RE: Dropping fast. this penny25 Jun 2025 10:59
From what I've gleaned and I'm no expert, Donald Trump wants to make bitcoin the global reserve currency.
The US dollar as the global reserve currency means there will always be trade deficits for the USA because the US dollar as the global reserve currency will remain too strong.
The person/people who developed bitcoin put a limit on how many bitcoins there could ever be made. The maximum number is 21 million bitcoins.
To be the global reserve currency, the total 21 million bitcoins need to be worth in the region of $250 trillion.
This would mean one bitcoin having to get to something like $12 million.
Nearly 20 million bitcoins have been mined already and with more and more companies buying and holding bitcoin it looks like the bitcoin price will go up with less than 1 million bitcoins remaining to be mined.
I know this sounds crazy, it does to me too, so please do your own research.
In the summer of 2023 bitcoin was about $25,000, 2024 it was about $50,000, now it’s over $100,000.
Good luck everyone
You need to research bitcoin and its potential for the future.
Markets work on future value of bitcoin.