AISEEKER

Previously, I shared in our discussion group about Trump’s impact on digital currencies. I have always been optimistic about Bitcoin. From the 2024 outlook I shared in the group, it is projected to reach $120,000-$150,000 this year. Trump might lead other central banks to follow suit, as well as countries that have lost monetary credibility, adopting Bitcoin as a circulating currency and reserve asset. This would disrupt the monetary system and create divisions among BRICS nations. Bitcoin could be the greatest scam of this century, and under Trump’s policies, one day it might return to zero—possibly under the guise of “misunderstanding technology” or “lack of proper regulation.” (Though I would still enjoy the asset growth brought by the bubble.)

Bitcoin’s circulation is an inevitable outcome of monetary overissuance and the world’s digitization process. Comments like “U.S. debt collapse” belong to the realm of park bench chatter and are unworthy of serious consideration. There’s a fundamental distinction between the decline in U.S. dollar circulation and its role as a reserve currency. You can trade in other currencies, but you wouldn’t store reserves in them—that’s why certain countries issue dollar-denominated sovereign debt in the Middle East.

As for Trump’s new currency, $WLFI token, what is it? Doesn’t it resemble SWIFT? A new digital currency clearing system leveraging his influence for profit. Selling shovels is more profitable than digging for gold, so he’s unlikely to support secondary market trading. Many argue that digital currencies could be used to repay America’s overspent debt. But Trump isn’t foolish enough to overturn the dominance of the U.S. dollar and Treasury bonds. The strength of the U.S. economy and Trump’s family assets relies on the dollar and Treasury systems. If one day Bitcoin does collapse, what would become the most sought-after asset? Don’t say gold—because buying gold still requires dollars. At that point, Bitcoin’s share of global circulation would entirely convert to U.S. dollar dominance.

This highlights Bitcoin’s significant role. Another unique aspect of Bitcoin is its limited supply. If today, 0.02 BTC equals a house or an iPhone, and in 10 years, 1 Bitcoin equals $1 million, buying an iPhone would cost only 0.002 BTC. Would Apple still manufacture phones if producing more means losing money? Bitcoin’s inherent deflationary nature contradicts the inflationary system required by financial and monetary frameworks.