Special | White House Crypto Summit: Trump's Back of Bitcoin New Eeuu had crypt?
This Friday, the expected White House Crypto Summit began, a key event for the future of cryptocurrencies, with the presence of the US president., Donald Trump, the influential David Sacks, known as the “Cruz Tsar”, and bo hines, head of the Cryptocurrency Council. This conclave arrives in a highly positive context for the sector, with news such as the possible strategic reserve of cryptocurrencies by the United States and an audit of their holdings. Among the prominent guests are Michael Saylor, CEO of Microstrategy, and David F Bailey, CEO of Bitcoin Magazine, who will discuss future opportunities for cryptoactive holders.
Óliver Ramos, an independent analyst, believes that “the Bitcoin reserve will not buy new crypts. It was expected but this will change. ” It puts as an example to Emirates Arbaes that already has a legislation “to be a brutal hub.” And, he points out that
“Bitcoin already solves the problem they want to solve the CBDC. The digital dollar has good things but makes no sense ”
It is shown against centralized digital currencies (CBDC), seeing them as a total control tool, since they would allow full access to a person's movements, money control. He believes that this goes against the principles of freedom promoted by Bitcoin.
According to Ramos, Bitcoin is completely different from digital currencies issued by central banks. While Bitcoin has a fixed offer and does not depend on third parties, CBDCs have an issuer and their offer is unlimited. Consider that both assets are as different as gold and fiduciary money, and does not see that CBDC represents a threat to Bitcoin.
Álvaro de María, author of Bitcoin's philosophy, states that “Trump is changing the image of Bitcoin and the crypts” that has continued to be seen as a Ponzi. He believes that “Trump's Bitcoin reserve is great. You will not use taxes to buy Bitcoin and will take advantage of the ones you already have. ” Likewise, he argues that “Trump has authorized the purchase of Bitcoin, but not with the taxpayer's money.”
It emphasizes that the differences between Bitcoin and the digital currencies of the central banks are huge. Bitcoin has a fixed offer and does not depend on third parties, while CBDC have an unlimited issuer and offer. For him, CBDC does not suppose any threat to Bitcoin. He emphasizes that “I have spoken with Luis de Guindos. The ECB has no idea what the digital euro is ”and believes that many authorities do not really understand what Bitcoin is, which suggests that they do not have a clear vision of the impact it can have.
