USA

Gold_Listen_3008

there wont be and end to his 'term' he already knows he can just say "NO" and no one will insist he follow the 'rules' he will only have his reign ended by death he doesn't honor the constitution, so you do not have a country people of the corpse of the USA you are trumps chattels and your property can be just taken off you if he so desires, and you can be un-countried regardless of legal status on a revenge whim he wants you to turn on each other EVEN MORE I predict you will start shooting each other in his name...and take pride in the religious moment you all seem to either crave or need

SuleyGul

And yeh I can agree democrats we're also corrupt. All politics is to some degree. But this is a whole new level. They are acting exactly the way regimes like Putin do. If they don't get removed out of power in 2028 then I don't see a way back from this. History will remember it as the pivotal moment that began USA's steep decline.

Freedom_58

KYC in the USA. I use Gemini, along with Bitcoin. Most of my crypto is in several wallets.

EpicMichaelFreeman

That would be true if the USA had a delegated voting system, which it does not.

critiqueextension

Tariff-related uncertainty has increased market volatility, leading investors to favor Bitcoin as a safer store of value, which aligns with recent trends of Bitcoin acting more like a tech stock. This dynamic could be reinforced if trade tensions escalate, potentially boosting Bitcoin's strategic importance for governments. [Source](https://www.usatoday.com/story/money/investing/2025/04/25/tariffs-could-upend-the-crypto-market-2025/83135583007/) * [Three ways tariffs could upend the crypto market in 2025 - USA Today](https://www.usatoday.com/story/money/investing/2025/04/25/tariffs-could-upend-the-crypto-market-2025/83135583007/) * [15 Cryptocurrency Forecasts For 2025 - InvestingHaven](https://investinghaven.com/crypto-forecasts/15-cryptocurrency-forecasts-2025/) * [Cryptocurrency and Stock Insights for Spring 2025 - Goover](https://seo.goover.ai/report/202504/go-public-report-en-284e6732-dd5c-4594-997e-50b1deed2265-0-0.html) ^(This is a bot made by [Critique AI](https://critique-labs.ai). If you want vetted information like this on all content you browse, [download our extension](https://critiquebrowser.app).)

Get_the_nak

51% attacks don’t destroy the Bitcoin network though, it only rewrites a few blocks which makes a planned double spend possible. Basically USA of China would have to secretely aquire a massive amount of mining rigs, feed them with a number of nuclear power plants of electricity and start them all at once as a surprise, before developers implement counter measures. This is theoretically possible only. Expensive and impossible in practice.

krfc89

you are getting downvoted by trump haters but I think you are right, republicans and democrats are a one big corrupted team. Both are the same shit and USA people are just to fucking dumb to vote some third option, cronie overlords can just pay both teams and always get what they want.

satoshiwife

What news can you even trust? It was all over my feed 2 days back and now someone is saying it's fake? Also for more than 2 weeks I'm seeing "USA in talks with china" and "china denying any talks with USA" news daily

Budo00

I’m in USA and use a credit union.

satoshiwife

Everything is temporary but this daily news is permanent - USA in talks with china for tariffs deal - China denying any talks with USA

NoUsernameFound179

While you don't get "richer" by hogging all the assets, you can use value to keep extracting it from others. e.g. Renting out housing is both storing value in the house while simultaneously extracting value from people living there. People need a place to live (scarcity). People will either buy or rent a house. Buying a house means borrowing... With 5%, you double your BTC every 14 years. Pretty sure most people will take that. And the stockmarket is the stockmarket. It is the easiest way of value creation. If I own Apple, I get a piece of every phone you buy with BTC. That will never change, regardless of the monetary system. It is 2nd nature to a free world where you allow ownership. *But have you ever imagined the worst case?* 2050. The world is split into 3. USA and its few allies, Europe and it's allies and BRICS along with almost the whole of Africa, with its 4B consumers by then. USA has fully adopted the BTC standard. While BRICS keep their own fiat and blockchain based system. Europe being old fashioned, has been buying gold to keep up the Euro, with some BTC and $BRICS diversification. Trade war is on full. It's a cold war, where there is hardly any trade left between the 3 superpowers. China has just recently brought online a new 4GW mega-dam and 8 1GW Thorium reactors. They've already secretly created enough ASICs to outcompute the global pool with 60%. And then during one night... they take control of the block chain. Instantly, destroying all the trust that Bitcoin has gathered for almost half a century. Double spend, exclude or block transactions, impose new rules, ... Sending what was once the Western world into chaos in an instant. The world isn't a nice place, and we shouldn't be naive about the dangers. I think we don't even want Bitcoin to be the base of a monetary system. But leave it at what it is: a store of value limited in size. Alongside every other store of value.

Legitimate-Net-7744

Dude you have still a wrong mindset. Let's say you live in USA, and you are buying online a product from someone that is available only in Denmark with Euro. You go online and you pay with your credit card/paypall/ whatever. You pay in USD, they receive EUR. Have you "Sold" your USD to EUR to buy it in EUR? No, bank/paypal/whatever did conversion for you (technically you did sell usd, but you see my point? You dont think about it as selling.) Same with BTC. Initially you might do manual conversion- BTC to USD, to pay. But over time it will be digital. What i am saying, is that you "Pay" with BTC just using the amount you need. You use it as your main and only wallet to keep money. practically approach currently - get a fiat credit card (USD/EUR) and pay for stuff all the time only with CC. Once a month you withdraw BTC to payoff your CC to avoid interests. BTC is money.

NoUsernameFound179

This is such a naive comment. Math isn't hard if you think +×÷ & - is all that exists. 450T? You count everything, and there is your error. If you know the definition and workings of value, you can already subtract all real estate, gold, equities, art, collectibles, ... You can even create it out of basic things: Energy and source material. Which is what companies do, so basically the stockmarket. The moment you buy a house, that house gets added to your 450T pool. Regardless if you buy it in BTC or USD. That ex-owner buys the next house with your BTC, but that house, and gets added to the 450T pool too. Yet it was the same pile of BTC... BTC will probably never be larger then Gold. Backbones of countries should and will not be based on a system that can suddenly be outcompute by another country. China can probably do that if they wanted. USA if they needed. If it ever were to happen, it will instantly destroy trust in BTC and collapse it. The country backed with gold or trust in its fiat will come out on top. If e.g. BRICS will ever need to ruin the US this would be the way forward in 2060 according to your wet dream. The world just isn't as nice as we all wish. BTC will not replace the current existing stores of value. It will simply be an addition. Just remember this: that Bitcoin is worthless fake Internet money... Or the global backbone of the entire 3th millennium and beyond. But the simple truths are: It will probably be somewhere in between and nothing is as good as it sounds.

g_ha

Kucoin is stealing my assets by ignoring perfectly valid KYC redo after they got kicked out of USA, a pretend game in 12 emails back and forth they send differing lists of KYC requirements. Mine is fine, they have admitted that and yet no access granted.

DryMyBottom

the only thing saving the dollar is that the USA forced the world into using it with shitty colonialist politics 🫠

piratetone

This is inaccurate. The USA owns at least 200k Bitcoin, and we know that from just their own law enforcement agencies. https://www.wsj.com/finance/currencies/federal-government-bitcoin-5-billion-78ce0938 It's irrelevant that they have not reported it via the Bitcoin Reserve audit.

Remarkable-Ride8820

In many ways EUR is worse than the dollar. The ECB is fully committed to the scam. And unlike the USA, it can't back its value up with violence and commodities when push comes to shove.

stayyfr0styy

USA owns almost zero bitcoin. The Bitcoin reserve was established on March 6th, and it gave until April 8th for all government agencies to audit and disclose their Bitcoin holdings. None of them have done it and it’s been 2 weeks past the date. They all either lost, sold, or stole it.

HistorianOne4823

USA holds 207,189 BTC China holds 194,000 BTC do they compete over that? We dont know, but maybe.

Escapement_Watch

It depends on who the creator is Finding out who the creator is will change the world's mentality on the currency I'm not saying it's going to happen I'm saying it's possible That is the creator is not liked then the rest of the world will try to turn against BTC For example let's say it is Russian The USA and China will begin to distance themselves and maybe say let's start a new better crypto

prince_peepee_poopoo

In a situation like this, does anyone see a scenario where MSTR or IBIT counts towards the USA? Not like we've ever seized gold or anything.

fallout_creed

Yeah you make very good points but I just don't think it would kill bitcoin. The whole thing is so much bigger now than just a few years ago. Just alone the whole mining infrastructure behind it. A multi billion dollar industry is in place now with huge incentive to fight for bitcoin. It's not even crazy anymore to say that some governments, small and large, have bitcoins back. El Salvador and Bhutan for example are full-pro bitcoin and other huge ones like russia (energy trade), UAE (buying and mining) and USA (national reserve, potential buys coming) are currently starting to fully embrace it. "Big bad" heavily influental organisation "BlackRock" is now heavy in on bitcoin. Would they let it die or try to use the opportunity? And many regular bitcoiners who held through other bear markets also did their research. What would it change if satoshi sells? Would the maximum supply of 21 million change? No. Would the FIAT money printing stop? No. Fundamentals would not change.

ChefMaria_

local banks you say, and so let's just pick a few. I don't really trust any of them tbh. \- TD Bank (Canada/USA) In 2024, TD Bank faced a historic $3 billion settlement over systemic anti-money laundering failures. The bank admitted to neglecting its AML program for over a decade, facilitating transactions linked to human trafficking and fentanyl distribution. \- Capital One (USA) In 2025, Capital One was sued by the Consumer Financial Protection Bureau for allegedly misleading customers, resulting in $2 billion in losses. The lawsuit was later dropped. ​ \- Credit Suisse (Switzerland) Between 2015 and 2023, Credit Suisse was involved in multiple scandals, including the 1MDB corruption case, Mozambique's "tuna bonds" fraud, and the "Suisse Secrets" leak revealing accounts held by criminals and corrupt officials. ​ \- VBS Mutual Bank (South Africa) In 2018, VBS collapsed after executives looted nearly R2 billion. The scandal affected thousands of depositors, including municipalities and burial societies. # - Starling Bank (UK) In 2024, Starling Bank was fined £29 million for inadequate financial crime controls, particularly concerning pandemic-related bounce-back loans. ​ \- Metro Bank (UK) In 2024, Metro Bank was fined £16.7 million for failing to monitor over £51 billion in transactions, raising concerns about potential money laundering. ​ \- FCE Bank (UK, Ford Motor Finance) In 2025, FCE Bank set aside £61 million to address potential compensation claims related to car loan mis-selling, part of a broader industry issue involving undisclosed commissions. ​ \- Mizuho & MUFG (Japan) In 2025, scandals emerged involving rogue employees at Mizuho and MUFG banks who exploited access to safety deposit boxes, stealing billions of yen and undermining public trust. ​ \- Saxo Bank (Denmark) In 2025, Saxo Bank was fined €1.6 million by Dutch regulators for violations related to asset segregation and customer service deficiencies, stemming from its acquisition of BinckBank. ​ \- Commerzbank (Germany) In 2015, Commerzbank paid $1.45 billion in fines for violating U.S. sanctions and anti-money laundering laws. Subsequent investigations revealed further compliance failures. ​ \- Heartland Tri-State Bank (USA) In 2024, CEO Shan Hanes embezzled $47 million from customer accounts, investing in a fraudulent cryptocurrency scheme. He was sentenced to 24 years in prison, and the FBI recovered funds for affected shareholders.

satoshivisionary

Trump's meeting with Nexo pretty much signals following OKX's return to the USA

No-Dream2014

Where can you purchase $pep ?Wherever I go it tries to show me Pepecoin ( I'm pretty sure these are different) I'm a novice at the meme coin world but I would love to get some $pep also I'm in the USA , I know there are different sites , wallets, etc it is just confusing when you try to go purchase something ! Thanks in advance 😊

stickybond009

https://www.macrotrends.net/global-metrics/countries/USA/united-states/death-rate U.S. Death Rate 1960-2025 - Macrotrends: U.S. death rate for 2022 was 9.80, a 5.77% decline from 2021. U.S. death rate for 2021 was 10.40, a 1.27...

inter71

BTC mining rewards are taxable in the USA as “Other Income.”

ktaktb

2024: USA partnering with EU, Japan, Canada, Mexico, South Korea 2025: USA partnering with El Salvador,  Russia, and memecoins.

oroechimaru

El Salvador, come for the crypto, stay for the prison experience. If that doesn’t work go to USA for a free nft airline ticket to El Salvador.

SuleyGul

Yes I understand all of that. You still need enough interest for other people to buy your ETH and my argument is the interest is not there. The economy of the USA is already on track for a recession so demand will fall even further in the coming months so your idea of a $20k or even $10k eth price is pure fantasy and hopium in my opinion but as I said happy to be proven wrong. I'm certainly not holding spot positions hoping for that though. I was happy enough buying spot eth around $1k and selling at $3.5k average. But good luck to you. Hope I'm wrong. Honestly.

shitcanfly

If there was no clown in charge of the USA. Then sure I would be pumped

RequiemTwilight

And like…maybe not lived to enjoy that money. The sodium content alone is in the top 5% per serving of food in the USA.

FrequencyCoin

I’m in the USA. Isn’t peer to peer risky when it’s in the thousands of dollars?

Ok-Mango5075

I agree. I am outside US so I can use Wallet of Satoshi. They need to get licensed for the USA. They must be working on it, surely?

Numerous_Ruin_4947

And you know this how? The USA has to pay interest on the national debt. The dollar has devalued consistently since 1913. It might even accelerate. ETH is a scarce asset. It's actually more scarce on exchanges than BTC - in dollar terms. By a factor of 7. ETH is a store of value.

thudufushi

Here we go. Huge answer though and I'm ready for bed. It's not been easy holding... it comes with certain stresses and challenges. I sold a bit for a holiday in the USA when it was 700 dollars and in thought I was rich then! Lol

Days_End

I mean the USA has been trying to weaken the USD for over a decade now. It just keeps failing especially as Europe always manages to do so much worse than expected.

skydiveguy

I had bought at many different (rising) prices over the years…. I just sold some to pay off my mortgage last year and I had it listed out as best as I could. I had what was the best starting value as I could come up with and knew the selling price… minus one from the other, that’s my cap gain based on FIFO. What made it easier was it was all long term. If you’re in the USA you’ll also need to make estimated payments if you sell early enough in the year or you get fined (stupid bullshit rule) and also don’t forget that if you earn enough from your investments you will also have to pay “net investment income tax” The whole thing is a fucking mess. I’m just glad my goal of selling some to pay off the house is done and that the taxes are paid and done.

CardioTranquility

Where can a USA citizen buy it?

Common_Consideration

He did not say they plan to de-escalate. He said he expects USA and China to de-escalate because it's unsustainable.

road22

The USA had a great party over last 50+ years with free money printing. Now the party is over, and it is going to be one hell of a hangover.

TopPhoto2357

Hmmm I don't know, the USA doesn't import everything but I get the point 

siasl_kopika

\> Nothing will perform like 2020 again, reason is USA doesn't inject money into economy in quantities like in 2020 and we shouldn't wish for them to start doing it again, it will destroy middle class completely. If they did it again it would actually help the middle class. Because it would drive the dollar to zero and force people to stop using the dollar. It would be the renaissance we dream of, the end of the biggest slave system in all of human history.

SiliconFiction

The downfall of the USA.

Astrochimp46

It too little too late. As long as Citizens United stands in the USA, nothing will change. Citizens United is when our democracy died.

JivanP

In most jurisdictions, this tax treatment holds for *any* investment asset that is subject to capital gains taxes, be it real estate or stocks, art or jewellery. Do your due diligence if you're holding a significant investment position. Since it sounds like you're in the USA, you should make yourself aware of the standard deductions and brackets/rates that apply to you. Let an accountant (or cryptoasset accounting service, like Koinly) do the rest for you. It's worth the money (about $100 to $200) to consult an advisor if you feel like you're lost in the weeds, because tax planning is important.

JivanP

> How do we know which Bitcoin is the one I’m selling? You don't; they're fungible. Each tax authority imposes its own rules about how to assess the acquisition value of the quantity being disposed/sold. Most use weighted average. The USA is unusual in that it permits the use of LIFO and FIFO as well. Consult an accountant in your area.

Full-Sound-6269

Nothing will perform like 2020 again, reason is USA doesn't inject money into economy in quantities like in 2020 and we shouldn't wish for them to start doing it again, it will destroy middle class completely.

Get_the_nak

It is not a sprint, it’s a marathon. It could take years for production to increase (building factories etc) in the USA. Quite a balancing act.

LegendaryJohnny

Everybody has to see efects already and damage right now is irreversible. Not just monetary but on trust level USA is just Russia v2.0 now.

stormywoofer

The USA is crumbling. This is a decade long downturn mostly for USA.

JuCaDemon

Most probably it's already the largest, China it's been the only country that it's on green numbers with the world Bank, and China retilating again trump's tarrifs has brought USA economy into a giant turmoilmiddle class in China is bigger than the whole USA population, and urban population in China is 3x Bigger than USA. They are responsible for multiple mega projects in a big number of developing countries while USA has ehmmmm Apple (that uses TSMC for its chips production)

Get_the_nak

If USD value decreases 1% compared to a basket of other currencies, USA National debt decreases $362 billion in real value

Get_the_nak

If USD value decreases 1% compared to a basket of other currencies, USA National debt decreases $362 billion in real value

nassauboy9

At the least I would not want to be in USA stocks maybe no stocks or USA currency. I was a gold guy. Still have some but realized the extra benefits BTC offered back when it all began. There is a lot aligned to cause a disbeliever to desire to take the time to think things through and understand BTC to a level where they least see the hope of capital preservation. However most won't.

iamjustaguy

It takes decades, but it can happen. Already, there are trades going on in other currencies. Saudi Arabia is now open to trading their oil for other currencies, thus signaling the beginning of the end of the petro dollar. Our world is becoming multipolar at an increasing rate, and investing in the USA is becoming difficult. I'm watching a bond selloff as we speak, so it appears that the dollar losing reserve status sooner, rather than later, is becoming more and more possible every day. I've been studying the collapse of empires and institutions for a while now. It almost always starts off gradually, then suddenly everything happens all at once. The USA has been eroding its credibility on the world stage for quite a while now. Nixon took the dollar off the gold standard so he could print money to pay for the Vietnam War, and we've been sliding into a debt spiral ever since. It wont be long now.

CoffeeAlternative647

I buy Bitcoin @ r/strikebtc and store them at r/TREZOR. If you are from EU country and you want lump sum that quantity at your first buy, I'd advise you to warn the support first in order to do not get blocked. EU's regulation suck ass and Strike's FIAT partner (Bank) may put a red flag on you once its the first buy. If you're from USA, I'm sure someone else can advise you better. Good luck.

Analog_AI

You are correct. But one of those transaction could encompass all USA-China trade for example

2LostFlamingos

The USA was able to weaponize its status as a reserve currency since there were no alternatives. Dollars will remain important but it’ll no longer be possible to kick others out of international trade simply by blocking their dollars.

AiDudex

Both worked in combination most countries are currently turning on their money printers again, which means for us as citizens that we get less for our fiat money, so not everything is getting more expensive, you just get less for your dollars. If fiat money floads the market BTC will always grow. If you are looking for a relatively safe and stable fiat currency, i would go with swiss france. But the dollar is losing power - that is as certain as the amen in the church. All countries are currently reorganizing and restructuring themselves. In the short term, the dollar and the USA will benefit again, but in the long term it will be very damaging because the whole world will be restructured in 5 - 10 years and therefore less dependent on the USA.

dmx442

USA in full blow monetary crisis was not on my bingo list for 2025. BTC might have a runner year after all

originalrocket

Bloomberg news on Friday and Saturday. EU cut rates. China prepping for more, plus additional trading with India and Europe to take up the slack from USA stupidity. USA bailing out farmers already. More to come! Just look at gold spot price.

Acceptable-Take20

*BREAKING*: Fed Reserve is dropping interest rates 50 basis points, China trade deal has been secured, and the Feds are purchasing 250k bitcoins a year for the next 5 years into a USA sovereign wealth fund.

Asafromapple

Does the law and constitution still work in the USA?

crimeo

And Napoleon ruled France as an empire just 200 years ago, completely different organization and governance, and feudal kings ruled it shortly before that. Also completely different. Both had dramatic changes in government so what? Both countries, USA and modern parliamentary France, are in fact very young

Y0l0BallsDeep

Global M2 blah blah blah... No correlation with the US stock market at all. Must be my imagination 🤡🤡🤡💩 Oh, guess what else correlates with the M2 money supply. The stock market, yes. And who prints all this money? The Federal Reserve. So it all comes back to which country Fucktard? Yes, USA. LOL

Amber_Sam

I'm using Bitcoin almost on a daily basis. Buying groceries, paying for meals, taxis, domains/hosting, VPN... Spend and replace is usually the name of the game so no, I'm not spending bitcoin while saving in cash. If you're thinking about spending some, here are my favorite directories: http://lightningnetworkstores.com/ https://coinmap.org/ https://btcmap.org - awesome map, you can even add your local vendors in, once you orangepill them. https://acceptlightning.com/list.html https://spendabit.co/ https://directory.btcpayserver.org/ There's also an option of buying gift cards https://www.egifter.com/buy-gift-cards-with-bitcoin https://thebitcoincompany.com/ https://bitrefill.com Spend and earn some sats back: https://ln.pizza - save 6 % off dominoes Pizza in the USA with lightning wallet https://foldapp.com - save up to 20% Starbucks, Uber, Target , whole foods , Dunkin https://www.lolli.com – save up to 30% by spending BTC anywhere but primarily USA stores https://satsback.com/stores-list - save up to 20% by spending BTC anywhere but primarily Europe stores

Decisionspersonal

Yup, everyone we would ship stuff for work way easier to get stuff into the USA than it was to get our stuff to another country. I personally had to learn about VAT taxes.

fu_paddy

\> a shitcoin rugs, proceeds to dump even post-rug \> dumps even more after unlock Very educational, thank you. A shitcoin is a shitcoin no matter if launched by 0x3ethRugMaster on X(formerly twitter), the president of USA or Argentina, or the hawk tuah girl, or the Pope himself. Everyone who's been in crypto for more than 3 months knows that, and you need to bear in mind that most of the people who flooded this sub when Trump won have been in crypto for less than 3 hours. Stop trying to prove them wrong or to educate them. No better teacher than the humble rugpull, especially when it comes from high-profile figures. Corporate rugpulls are even better.

Zealousideal_Rain_79

I think education is illegal in USA. We will be in a bear market when we will see BTC drops 40%-50%. We are currently in a correction, the same as in 2021 when China banned mining.

rainvein

you could try fiction, The Mandibles: Family 2029 - 2047 Novel by Lionel Shriver very could at presenting the USA post currency collapse

What-is-lack-of

There will be at least 4 recessions and 4 wars before that price if laughed at this much again. Not much demand for tertiary currencies when no one wants them. Maybe USA can trade with itself and claim itself world champion of btc.

HvRv

I feel Charles being a front man and then kissing Trump ass can backfire a lot in the following years. I just think every "founder" that is openly licking that ass is gonna have issues later on. Investing and moving to USA market, going actively into politics is always a recipe for a disaster

Mecklenjr

Love my 30 yr old RAV4 and my non USA assets like btc, gold, euros and EU defense stocks

SeaworthinessOk8381

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liftingbro90

Depends when you brought BTC - for anyone who brought last year we are still "UP" - if you had brought recently as in earlier in the year then id def HOLD If "WILL" rally up remember its not just crypto that's down and volatile - its across the entire financial markets due to the USA Govt tariff uncertainty

devCheckingIn

I agree. I think the better solution here is for the USA to just get up and walk away. We have so many other problems of our own to figure out, like our $37 trillion debt, homelessness problem, outrageous healthcare costs, underemployment, etc.

East-Win7450

Should have came to the USA we applaud those with the business acumen to defraud investors

greeneyes4days

I agree it's not realistic for that many Americans to invest 30k in one month. However countries like Brazil and Pakistan are getting more interested. What if Brazil, USA and Pakistan each invested 25 billion... The point is Bitcoin would be then massively undervalued as 50 billion is a very small amount of liquidity on a world scale.

uncapchad

here's a wild thing - Brazil has the world's 2nd largest supply of rare earths. While we can understand that Russia might find it more convenient to try steal something closer to home, it's a mystery to me why USA want to carve up Ukraine so that they get the lion's share of the rare earths. Brazil, btw, struggle to get funding to exploit their resources. Nothing is as it seems

Zealousideal_Rain_79

I think education is illegal in USA. We will be in a bear market when we will see BTC drops 40%-50%. We are currently in a correction, the same as in 2021 when China banned mining.

KIG45

I think China has more bitcoins than the USA, but extracting such information there is difficult.

Divniy

Bitcoin ETFs also exist. USA are experts in enshitification of value.

Additional-Word6816

Pos killed the community that anyone could join if they had a Gpu. Now that community is gone and only the rich get richer locking up obscene amounts of money to make Eth. You’re better off buying USA treasuries that are safer and will yield higher vs staking Eth lol

alineali

Define "use". From what I understand in the USA people use bitcoin to protect their retirement funds through ETFs and MSTR for example

Kkalinovk

So you are saying USA has thin air for a currency that it sells overpriced to foreign countries in an attempt to reduce its debt?!? But in reality they are spending foreigners money and just inflating the world economy to keep their head above water? Naaah, that just doesn’t sound right. They would never do such a thing.

deepeststudy

Let's not forget about the USA's "unfunded liabilities"

G0DL33

Well, it doesn't matter what happens this cycle. nfa: It looks like we will see increasing liquidity in the next 12-18 months so crypto should do okay. USA/Trump is just noise. With your investment horizon; zoom out and ask the right questions for your life. Best of luck.

Nearing_retirement

The way guy explained it to me is that in USA there are some fees to transfer money, no idea where they come from and if the bank or customer pays them. He works for crypto fintech firm and they are saying hey we can do transfer for less fees so that is their selling point. No idea how legit this idea is but according to him banks are signing up. You are right though system in USA sucks. Even if you sell say stock money doesn’t settle to next day. It used to be 2 days but was changed recently to 1 day. Should be immediately in my opinion

redeembtc

>USA are looking at new tech to handle cash transfers between accounts As a non-American, how does the ability to do not already exist? Are you saying you can't currently transfer money electronically to someone else in the same and external bank?

Nearing_retirement

Have heard some word through the grapevine that regional banks in USA are looking at new tech to handle cash transfers between accounts and customers will have option to do transfer in bitcoin.

Nearing_retirement

The world must print money, there is too much debt. Also there is huge economic war happening between China and the USA with various other countries being pulled in. In these situations money will be printed.

Bubbly_Ice3836

are you aware that the USA has just established a national strategic bitcoin reserve?

ghostingtomjoad69

"since the debt snowball accelerated in the 1970s" I would start it in 1981. I wrote a paper on this topic in college about Starve the Beast fiscal theory. The lowest the post wwii debt-gdp ratio was in 1981. And a newcomer into the White House, even during the primary, one of his opponents labeled his ideas on taxes/economy as "voodoo economics". IIRC, it was about 32% of GDP. In the immediate aftermath of wwii, 1946, iirc our debt to gdp was a bit larger than the economy itself, so over 100%. But it rapidly got paid down, all the way into 1981. In $'s it was about $900 billion. by 1989, it was about $2.8 trillion. Another 4 years later it was about $4.2 Trillion. In the final 4 or 5 years of the 1990's, even though in # of $'s it went up to $5.7 trillion, the economy expanded so well/fast, that debt to gdp ratio went down. THen we got another attempt at tax cuts pay for themselves in 2001/2003, by 2009, it was $11 trillion and climbing. I wish people would wrap their minds around, these major tax policy positions, are fraudulent. I've tried to communicate that to people, americans, and so many of them just can't come to terms, that this major policy idea, tax cuts for billionaires/corporations pay for themselves, is fundamentally fraudulent and has pretty much no track record of NOT dramatically increasing deficits and the debt. Given that's our state of affairs, the USA will fail. And i'd rather quarantine those who advocate for fiscal incompetence, to occupy perhaps their own section of the former United States, they can just prove to us that they have these great ideas on these matters, and those of us who do understand how fraudulent that policy was in practice, occupy a different portion of the former United States.

justletmesignupalre

Some of them are poised to actually buy, yes. Also several states inside the USA have bills[ in the process](https://bitcoinlaws.io/) about stashing some cash into btc as reserves.

Vegas_42

That was not the point of the post. It was about price action. It's great for everyone who holds Bitcoin, including the US. But USA is not first, as the US always loves to be. El Salvador started buying in 2021. And other states like Bhutan already implemented mining Bitcoin.

harvested

USA buying bitcoin first is a win for the USA, not for bitcoin. Many seem to forget that. Nation state adoption will happen regardless.

RosieDear

Of course, crypto makes it hard to trace as compared to bank robberies...... It's likely much bigger than anything reported - we can all agree on that (many are not reported, of course!). Start with some basics: Total Burglaries in the USA in a Year=3.4 Billion Total Robberies (exc. Bank) in the USA in a year=500 Billion Bank Robberies in the USA in a year = 500 Million **Crypto Scams in the USA in one year = est. 30 Billion.** **Cost of Local Law Enforcement (Police only) in the USA per year = 150 Billion** \------------- Was working off the top of my head, so it's only about 7X as large as all the other stolen money put together - note that this is USA. The rate of acceleration is striking - again, most are not reported and even reported are likely not kept track of. When LE tells you they can't do anything - I doubt they record...or check up on...the amount stolen. Only the very few that get further up the chain (investigated) might have some numbers attached to them. We can make some estimates...for example, a 4X increase in one year..... "Cryptocurrencies stolen from exchanges and scammed from investors *surged more than 400 percent in 2018* to around $1.7 billion" So about 1.7B in 2018. "AI-driven crypto scams could reach $15 billion in 2025" - This is one forecast of AI driven only. There are various other estimates of 14 Billion or so in standard.... It's not hard to apply common sense to these metrics. Do a search on a couple crypto and scam forums here and you can see MANY people losing 100K to 4 Million (their life savings in many cases). As a comparison - how many house and business robberies and burglaries are reported by individuals on Reddit? Probably damn close to zero..... I can ask around in my own family and friends and find some taken for Crypto scams - although not for life savings. I can ask about about how many have had tens of thousands stolen from their houses or businesses....and it's about zero. Unfortunately, these metrics are like trying to figure out the cost of illegal drugs sold in the USA....of, how big the "under the table" markets in various things are! One thing for certain. Given the tiny value of Bitcoin (market cap) in comparison with other assets, those billions or tens of billions represents even more! Add in those who "honestly" lose large amounts of bitcoin (lost wallets, etc.)....and, wow, it would he hard for anyone to present a case where Bitcoin is helpful as a whole! My own warning to folks would be for any normal investor only to buy through the Fidelity ETF or similar. They will not be scammed out of that. \------------ We will never have more accurate numbers....even the DOJ has decided to take their focus off Crypto Schemes..... Note - the numbers we are discussing do not include other coins - schemes, rug pulls, etc. - the folks being scammed are regular people so they are rarely involved in anything but Bitcoin. In fact, many times Bitcoin may just be the "bait" - the scammers want cold hard cash, which they get by having the targets put money into exchanges..... Hey, if you truly want to study and write about something.....I think it would be endless to study all the stuff involved in these new global crime sprees.

Sas_fruit

Why I feel this is bad, USA has a history of ruining good things or ideas or actions or series of actions, moon mission etc, scientific temperament etc etc

nosfer82

No.  First this is a USA problem not a world problem. Second bitcoin transactions are slow and costly already, now transitions means more wait ( now it's about an hour) and more cost.  Third a currency have to have a bit inflation to push holders to use it and no hoard it. Blockchain can be used for a world currency and it will be a good idea, but no bitcoin (or any other current coin)  It needs to be control by a central bank, it many central banks.