Equity Fund Manager and Founder of Cardone Capital Grant Cardone believes President-elect Donald Trump will promote Bitcoin as a vital tool for preserving US global dominance.
In an X post on December 27, he said:
Donald Trump will propose putting BTC on our balance sheet in a “huge” way.
– Grant Cardone
Cardone believes Trump will continue to push for Bitcoin
Grant Cardone claims that Donald Trump could advocate for Bitcoin to the American public, given that the United States is still competing for global monetary domination.
According to Cardone, the president-elect will pitch Bitcoin as necessary to maintain and strengthen the United States’ global leadership position.
He even believes Trump’s potential Bitcoin promotion could be similar to the time when former President John F. Kennedy rallied momentum on the moon landing in the 1960s, selling the US as the first to be on the moon.
Meanwhile, Cardone’s post on X has invited multiple commentaries, some supporting his opinion while others contrasted or questioned the viability of Bitcoin. Among his supporters is Starbot.pro CEO Noah Kaufman, who simply responded, “Agree Grant.”
X user Paulo Ribeiro De Lemos also posed a question to Cardone, asking him about the fundamentals of Bitcoin. Grant also responded with a question, trying to compare the US dollar and Bitcoin.
Paulo later replied, stating that the dollar and Bitcoin cannot be weighed on the same scale since the dollar meets all the criteria of a currency, while Bitcoin remains an asset whose intrinsic value is difficult to evaluate.
Some US states are already considering having their own Bitcoin reserves
Throughout his campaign, Donald Trump presented himself as the crypto president and even proposed the development of a national Bitcoin reserve at the Bitcoin 2024 Conference in Nashville to appeal to his crypto audiences.
Soon after his election win, Bitcoin’s prices escalated to record highs, considering investors’ optimism of new pro-crypto policies and establishments.
However, even if Trump fails to deliver on his promise of a national Bitcoin reserve, some states like Pennsylvania, Ohio, and Texas are planning to have their own.
On November 12, Pennsylvania State Representative Mike Cabell submitted a bill to have the state use state funds for Bitcoin purchases, claiming it could help guard against inflation.
Additionally, on December 12, Texas State Representative Giovanni Capriglione advanced House Bill 1598, which would allow the state to develop a Bitcoin reserve within its treasury. On December 17, Ohio joined the two when state Representative Derek Merrin proposed the same.
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