I. What Does Not Kill Me Makes Me Stronger
"I'm Back, Bitches!" This is a message to all the doubters, as well as those who have tried to undermine me.
The first former president to be convicted in history, a "tech maverick" who roams around and claims he wants to implant brain-computer interfaces and send people to Mars, some disintegrated former subordinates, and former enemies who were once on the opposite side, plus a cryptocurrency that has been declared dead by the mainstream media hundreds of times since 2011. This seemingly twisted and absurd combination makes up all the visible chips for the Republican Party in the 60th US presidential election. Centered on Trump, the internal structure of this team appears to be quite fragile, as the two core members, Musk and Vance, have publicly criticized his policies on many occasions, while Trump himself has publicly criticized Bitcoin multiple times since 2019, seeing it as a Ponzi scheme and a money laundering tool.
But "the world is bustling, all for the sake of profit; the world is in turmoil, all for the sake of profit", whether it's people or things, as long as there are intersecting interests, differences can be temporarily ignored. For Trump, this is a battle for life and family honor. For Musk, this is a battle for the future of humanity. For Vance, this is a battle to defend the old American dream and the new Silicon Valley. All these obstacles converge at one point: the Democratic Party.
Since God cast the first vote in Pennsylvania, the balance of victory has begun to tilt. Changing the relay, bringing out all the old politicians the party can bring out, gathering Hollywood stars, spending heavily on media propaganda, the Democratic Party has exhausted all its efforts but failed to stop the victory of Trump's team.
On the voting termination day of November 6, in contrast to the so-called most tense situation in history and Harris' narrow lead according to the mainstream media before the vote, the Republican Party swept the seven swing states, ending the battle in half a day, and Trump ultimately defeated the Democratic Party's all-out hunt with a crushing victory. One of the Republican Party's key trump cards is the silent majority, those grassroots legal citizens who have been oppressed by illegal immigrants and left-wing extremism, who do not speak out on social media but will cast the right vote. The man in the red MAGA hat has returned to the White House.
In this brilliant American election, I can understand the motivation of each member of the Trump team to stand with Trump, but why did he choose Bit? A common explanation is that 13% of the US population are cryptocurrency holders, and Trump needs to woo these voters. According to his own explanation, Bit can be used to pay off $35 trillion in national debt and replace gold as a new strategic reserve. The former reason seems a bit forced, while the latter seems a bit absurd. To convince myself, I have been reviewing a large number of articles and videos by traditional financial bloggers from the 6th to the present, and I believe the answer is that Bit has multiple intersections with the America led by Trump and Musk over the next four years: energy, anti-Federal Reserve, anti-Democratic Party, anti-big government, and a new symbol of the old American dream.
II. Energy
The real intentions of politicians are always hidden behind those lofty reasons, let's review the strangest point in Trump's vision for Bit's future: in June this year, Trump posted on Truth Social late at night that "Bit mining may be our last line of defense against CBDC (central bank digital currency)... We want all the remaining Bit to be made in the USA!!! This will help us dominate the energy sector."
There are many similar statements, such as hoping that all the remaining Bit will be stamped with the "Made in the USA" label, making the US the crypto capital. The underlying meaning of these statements is to maintain a united front with the grassroots voters, resist the Democratic Party's tyranny over Crypto, resist CBDC, and resist Bit produced in Europe and Asia. But these statements do not stand up to our careful scrutiny, whether Bit is stamped with the "Made in the USA" label or not, it seems to have little to do with the above points. Trump's real intention is actually hidden in the development of energy at the end of the sentence. Trump's main donors behind the scenes are: Kelcy Warren, CEO of an energy transmission company, Harold Hamm, founder of Continental Resources, Jeff Hildebrand, CEO of Hilcorp Energy Company, Timothy Marvin Dunn, CEO of CrownQuest Operating, and the Koch Industries, the largest oil company in the US. Funds from the oil industry are the main source of Trump's re-election campaign funds, and the Democratic Party's promotion of renewable energy generation has greatly hindered the development of these traditional oil industries. Trump's intention is to strengthen the use of fossil fuels, use fossil energy to generate electricity, and do whatever consumes oil, letting the drilling frenzy continue.
Musk's Mars dream is also closely related to the energy industry. What is the biggest obstacle to landing on Mars? First is energy, followed by rocket launch costs, AI robots, and communications, which correspond to Musk's Tesla electric vehicles, SpaceX, Tesla robots, and Starlink respectively. But the biggest obstacle to Mars migration has now become the government. The majority of the funding behind the Democratic Party comes from traditional automakers like GM and Ford, and although the Democratic Party is implementing clean energy bills and electric vehicle subsidies, these naturally exclude Tesla. Although the US lunar return plan was initiated during Trump's previous term, and $146 million in orders were mostly allocated to SpaceX. But after Biden took office, NASA directly reallocated the orders, greatly reducing SpaceX's order volume, with SpaceX only getting $9.4 million in orders, while the majority went to Jeff Bezos' Blue Origin. And the most important issue is that the Democratic government has been constantly harassing SpaceX's rocket launches through environmental regulations, with the absurd excuse that it might hit marine life and threaten the marine environment.
All in on Trump is Musk's only choice, energy policy and space contracts will be the bargaining chips exchanged with Trump. In addition to reviving fuel-powered cars, all this is in line with Trump's anti-extreme environmental protection policy, and the two are naturally in sync.
In addition, energy also plays an important role in the development of AI. I mentioned in my article last year "Foresight of Potential Tracks: Decentralized AI Computing Power Market" that computing power is the oil of the future, and if this oil is divided into two parts, it is electricity and chips. "Token per dollar per watt" represents future productivity. Developing the energy industry is also to ensure that the US can maintain a leading position in the key technology of AI, which also meets the needs of the new Silicon Valley forces behind Vance. So Bit mining is just a pretext for Trump, the "Made in the USA" and the prevention of CBDC, the prevention of mining by other countries, have no necessary connection, the Wizard may not understand or need to understand Bit too much, he just needs to know that people do like this thing, and it does consume a lot of electricity.
3. Anti-Federal Reserve
Zuckerberg was once the number one fan of the Democratic Party, and to demonstrate his loyalty to the Democratic Party, he blocked Trump's social media accounts as soon as Trump stepped down. Trump has also repeatedly stated that if he has the chance to serve another term, the first thing he will do is to have Zuckerberg thrown in jail. But this unwavering loyalty did not lead to the Democratic Party's compromise on Libra, and Zuckerberg may not really understand that this is a declaration of war against the Federal Reserve, the largest private bank in the United States. The result for Meta is a plunge in stock price and the metaverse becoming a bubble, but compared to past politicians, Zuckerberg is still considered lucky.
In history, there have been two presidents who wanted to move against the Federal Reserve: Lincoln wanted to reclaim the minting power, and John F. Kennedy wanted to issue a silver-backed currency. The eventual result was that they were both shot dead. But Musk and Trump still want to be the next challengers to the Federal Reserve. During his last term, Trump publicly expressed his dissatisfaction with the Federal Reserve's interest rate hikes on multiple occasions, and the independence of the Federal Reserve prevented him from interfering with monetary policy, while in his next term he hopes to directly fire Federal Reserve Chairman Jerome Powell. Musk, on the other hand, tried to use Bitcoin for Tesla payments in the last crypto cycle, but eventually claimed that Bitcoin was not environmentally friendly and suspended Bitcoin payments. Of course, I would rather believe that the fundamental intention of adopting Bitcoin payments was to challenge the US dollar, and the reason for the suspension could not possibly be environmental protection.
The common ground of the three is "no destruction, no establishment". Trump is the craziest politician, Musk is the craziest entrepreneur, and Bitcoin is the craziest currency. Perhaps there is nothing in this world that they dare not challenge. In a post by a senator on November 8, Musk replied with an emoji "👍", indicating 100% support. The content of this post is as follows: "The executive branch should be under the leadership of the President. That is the design of the Constitution." He also included the hashtag "#EndtheFed" in the post. He wrote: "The Federal Reserve is one of many examples where we have strayed from the Constitution. This is another reason why we should 'End the Fed'."
Let's review Trump's promises about Bitcoin again: using Bitcoin to pay off the US debt, establishing a strategic Bitcoin reserve, and Bitcoin will ultimately surpass gold. Anyone who can do basic math knows that this is nonsense. With the US holding only 1% of the total Bitcoin supply, it is not even enough to pay the interest on the US debt for a week. But what is the implication? The master wants to seize monetary power, and Bitcoin, as the number one satirist of fiat currency, is the perfect vanguard in this anti-Federal Reserve movement. It has grasped the hearts of the civilian supporters, and also has a grip on the Democratic Party. If he can finally bring down the Federal Reserve, Trump will not only be the president with the greatest power in the past few decades, but the only president in US history with absolute power.
4. Anti-Big Government
I will skip the content about being against the Democratic Party here, as the author named Chao has a more vivid description in the article "33 Years of Crypto War: From Biden to Biden". Let's talk about what is the big government ideology of the Democratic Party and the small government ideology of the Republican Party.
Jefferson once laid down the rules for the young United States, "the best government is the smallest government". The so-called small government ideology is the political proposition of the Republican Party for many years, that is, low taxes and less regulation, emphasizing personal freedom and market mechanisms. The Democratic Party, on the other hand, tends to favor big government, high taxes, and strong regulation, emphasizing social fairness and public services. The anarchism advocated by Crypto is actually very close to small government ideology, as they are both more inclined towards free market and personal freedom, the only difference being that small government ideology believes that retaining a minimized government is necessary to maintain personal freedom.
In the process of integrating Crypto with the United States, we may see the Republican Party pushing the on-chain form towards small government ideology, thereby launching another attack on the Democratic Party. The Democratic Party, which has been completely transformed by the integration of far-left liberal ideas over the past four years, has become a complete exploitation of legal American citizens by the government, a unprecedented moral kidnapping that has bloodied America. We see that the so-called phenomenon of using government power to compensate for social injustice has evolved into tolerance and even support for various extremist movements, where rainbow flags, looting, and drug use are commonplace, and illegal immigrants are even provided with hotel accommodations and shopping cards, with their welfare surpassing that of citizens. The purpose of the Democratic Party is obvious, to exploit and brainwash citizens in order to maintain power, even if they lose some citizen votes, they can make up for it with more illegal immigrant and far-left votes. What Trump wants to cultivate may be a compliant crypto world, in this parallel world, citizens can conduct financial activities more efficiently and freely, and the election fraud that he hates the most may also be realized through blockchain in the future, blockchain will regain what the Republican Party has lost in the past four years and consolidate the Republican Party's position after 28 years.
5. The New Symbol of the American Dream
The so-called new American dream is represented by the immigrant elite class represented by Kamala Harris, who is the first female vice president and is of African and South Asian immigrant descent, perfectly meeting the "political correctness requirement" of the Democratic Party. She is the symbol of the "American dream" of immigrants in the background of the multicultural era of America, representing the concept of openness and integration. The representative of the old American dream is JD Vance, who is a striver. As a child born in the Rust Belt, he is a soldier, writer, and businessman, and is also the next vice president and new Silicon Valley powerbroker. He represents the concept that Americans have long believed in, that through their own hard work, courage, creativity and determination, they will ultimately achieve prosperity, that is, democracy, rights, freedom, opportunity, and equality.
As Trump's running mate, his Buff is perfectly stacked. And the intersection of Bitcoin or Crypto and the old American dream, I think, is a perfect match. The essence of PoW is that the more you invest, the more you earn, and in the parallel world of the blockchain, miners are absolutely equal. And this American dream has a better interpretation in the third world countries, they can use stablecoins or even Bitcoin in the blockchain for remittance and payment, bypassing banks and unreliable small government currencies, they can also find freedom and opportunities in DeFi or on-chain. If Trump keeps his promise, then the upcoming Web3 will be an "American dream" for crypto users around the world.
Conclusion
Satoshi Nakamoto once wrote this reply to BM (the founder of EOS), "If you don't believe me or can't understand me, I don't have time to convince you. We've passed the time when we need to explain to others what Bitcoin is and whether it's a Ponzi scheme. For sixteen years, it has never failed, it's just there, it exists across the Atlantic, and it exists around you and me."
I don't resent the Americanization of Bitcoin, any country, institution or individual can buy Bitcoin, as Crypto is free by nature. Controlling Tokens does not mean controlling the network, and everything that happens on the Bitcoin blockchain is still decentralized. But I resent the constant mention of Crypto and politics. First of all, I really don't understand American politics. Secondly, as an industry that combines finance and emerging crypto technology, we have spent the majority of the past year talking about politics, which is absolutely abnormal for any developing technology industry. Bitcoin and the Republican Party are on an equal footing in this election, each taking what they need, but Crypto outside of Bitcoin is not.
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