Ivan is excited about Bitcoin's recent price surge, approaching the $70,000 level. He believes this momentum could lead to Bitcoin breaking through resistance and potentially reaching $100,000. Ivan attributes this positive movement to recent news, particularly former President Trump's announcement about establishing a strategic Bitcoin reserve if elected.
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According to Ivan, Trump laid out a plan at a conference to create a strategic Bitcoin stockpile, which he interprets as a strategic reserve. Ivan plays a clip of Trump saying, "It will be the policy of my Administration... to keep 100% of all the Bitcoin the US government currently holds or acquires into the future." Ivan believes this news is starting to spread through traditional finance circles and impacting the price of Bitcoin.
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Ivan points out that the idea of governments holding Bitcoin has been discussed in the crypto community for years. He references a 2013 forum post predicting that government ownership of Bitcoin could provide stability and increase its value. Ivan sees Trump's announcement as a fulfillment of these long-standing predictions.
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Furthermore, Ivan discusses the political implications of this move. He believes Trump is trying to appeal to crypto voters, which he estimates to be about one-fifth of Americans. Ivan contrasts this with what he perceives as a hostile stance towards crypto from the current administration.
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In Ivan's view, this represents a significant shift in the political landscape, with crypto becoming a major election issue. He emphasizes the importance of young people in the crypto industry and argues that politicians who oppose crypto risk alienating a large and growing portion of the electorate.
Overall, Ivan is highly optimistic about Bitcoin's future, seeing the recent price movement and political developments as signs of growing mainstream acceptance and potential for further growth.
