Rumor has it that Trump may declare BTC as a national strategic reserve for the United States

Overnight, BTC continued to be under pressure and fell to 63k, possibly affected by the expected selling pressure of Mt.Gox compensation. After "Bullets shot at Trump, but killed the bear market" (2024.7.14), "7.15 Teaching Chain Insider: BTC accelerates upward, Trump will still attend" report, Trump confirmed to the media that he will still attend the "Bitcoin 2024" conference scheduled to be held in Nashville, the capital of Tennessee, from next Thursday to Saturday (July 25 to 27).

Later, someone revealed on the Internet that Trump may announce a plan that will shock the world when attending the Bitcoin 2024 conference - to make Bitcoin a national strategic reserve of the United States!

If Trump wins the US election in November and is elected president, and if Trump really wants to push Bitcoin to become a national strategic reserve asset for the United States, the world's largest economy and the issuer of the world's hegemonic currency, we can imagine what kind of heavyweight ripple effect this astonishing move will have in the context of global competition.

Game theory will almost certainly push China and Russia to assess and follow U.S. strategy.

In modern times, China stuck to the silver standard and failed to keep up with the trend of the European gold standard. Ultimately, the silver standard with lower hardness (S2F, a measure of scarcity) was defeated by the gold standard with higher hardness, which became an important dimension among the many dimensions of the causes of China's humiliating modern history - the monetary history dimension.

On April 20, 2024, BTC completed its fourth halving in history. BTC's S2F hardness soared to nearly 120, almost twice that of gold (about 62), becoming the scarcest and hardest thing suitable for value storage and exchange medium on our home planet, the Earth.

This is the "Golden Halving of Bitcoin" (2024.4.20). Is humanity ready? Most people don't realize that on April 20, 2024, the gentle flapping of the wings of a small butterfly will have a huge impact on the historical scale of mankind for thousands of years to come. The singularity has arrived, but "humanity is not yet ready to welcome a huge hard asset with a S2F greater than 100" (2023.2.17).

History has changed its course. Most people are still in a daze.

However, historical evolution is a chaotic system. It depends on how the historical participants make rational choices within the framework of game theory.

The above chart shows the unconfirmed BTC holdings of countries around the world. The cards of many countries are not clear.

Obviously, the German government, which liquidated its BTC a few days ago, has already "castrated itself" in advance. (See "Big Pie Is Not Sold" , 2024.7.13 article)

Trump has publicly named China. He made it clear that he is unwilling to lose to the latter in the battle of BTC layout. (See "VB Against Trump" , 2024.7.18 article)

Do you think we should follow or not?

Jiaolian believes that no matter whether it is Trump’s MAGA (Make America Great Again) or our great rejuvenation, no one wants to be tripped up by something that is inconspicuous now but contains huge energy and may become an important variable in the world in the future, something that cannot be ignored and underestimated, and fail.

The more rational the decision-making subject, such as a country, is, the more likely it is to be locked into game theory and move toward the behavioral outcome predicted by the Nash equilibrium. Only a madman would choose to kill 800 enemies and injure 1,000 of his own, regardless of the optimal interests of the Nash equilibrium.

Believe me, none of the five permanent members of the UN Security Council who hold nuclear weapons, especially the top three permanent members of China, the United States and Russia, will become a madman who loses his rationality in national strategic decision-making. If things come to this, what we should worry about is not the problem of wealth, but the problem of the destruction of the earth.