According To A Famous Bitcoiner, Trump Has Given Bitcoin 40 More Years!

While the bitcoin universe is often associated with opposition to states, a major change appears to be underway. Blockstream’s CEO, Adam Back, indeed claims that the Trump era has accelerated bitcoin adoption by several decades.

Bitcoin and political power: a strategic turning point

For Adam Back, a prominent figure in the cypherpunk movement, Donald Trump’s victory would have allowed bitcoin to gain 40 years head start on adoption by states. He indeed believes that this rapprochement between governments and cryptocurrencies was unimaginable ten years ago.

According to him, Trump thus acts as a catalyst. Enough to encourage some American states and potentially sovereign wealth funds to integrate bitcoin into their strategy! Moreover, people now talk about “creating strategic bitcoin reserves”! An idea that would have seemed absurd at the time of Satoshi Nakamoto’s white paper.

Some cryptography experts welcome the current dynamic. Others raise concerns. For example, Vitalik Buterin warns against a political hijacking that would betray the founding values of the blockchain:

• neutrality;
• transparency;
• freedom.

In response, Back acknowledges this risk during an interview. He notes that it indeed becomes more difficult to manage citizens’ trust when traditional institutions take hold of bitcoin.

Bitcoin: opportunity or dilution of the cypherpunk spirit?

Trump’s public support for crypto could strengthen BTC’s legitimacy in the eyes of institutional investors. The adoption of products like Bitcoin ETFs in the United States already illustrates a certain normalization. But it also raises the question: by integrating into the state apparatus, does bitcoin lose its essence?

Adam Back, inventor of Hashcash, the basis of the proof-of-work mechanism, reminds us that crypto regulators’ hostility long forced innovation abroad. Today, political signals are more favorable. However, tensions remain.

According to him, a progressive accumulation of BTC by governments could paradoxically benefit small investors. Indeed, it gives them time to buy bitcoin before a possible price surge.

While the Trump dynamic seems to open doors for cryptos, it also raises questions about their fundamental values. The adoption of cryptos by states is underway, but at what cost to the soul of bitcoin and other cryptocurrencies? A debate that is just beginning!