Bitcoin and the Republican Party are on equal footing in this election, each taking what they need, but the same cannot be said for Crypto outside of Bitcoin.

Author: YBB Capital Researcher Zeke

I. What does not kill me makes me stronger

"I'm Back, Bitches!" This phrase is dedicated to all the skeptics and those who have kicked me when I was down.

The first former president in history to be convicted, a "tech fanatic" who flirts with everyone and claims to implant brain-machine interfaces in humans and send them to Mars, some disintegrating old aides, and enemies who were once in opposition, combined with a cryptocurrency that mainstream media has declared dead hundreds of times since 2011. This seemingly twisted and absurd combination constitutes all the visible chips for the Republican Party in the 60th presidential election in the United States. If we take Trump as the axis, the internal structure of this team appears very fragile; the two core figures, Musk and Vance, have publicly criticized his policies multiple times, and he himself has repeatedly criticized Bitcoin since 2019, viewing it as a Ponzi scheme and a tool for money laundering.

But "the world is bustling, all for profit; the world is bustling, all for profit," whether people or things, as long as there is a point of interest intersection, differences can naturally be temporarily ignored. For Trump, this is a life-and-death battle, a battle for family honor. For Musk, this is a battle for the future of humanity. For Vance, this is a war to defend the old American dream and the new Silicon Valley. All these obstacles converge at this moment: the Democratic Party.

Since God cast the first vote in Pennsylvania, the scale of victory has already begun to tilt. Changing the baton, bringing out all the old politicians that can be brought out within the party, gathering Hollywood stars, pouring money into media promotion, the Democratic Party has exhausted all means but still failed to stop Trump's team's victory.

On the day of the voting deadline on November 6, contrary to what mainstream media in the U.S. had called the most intense election in history, with Harris leading slightly in polls, the Republican Party won all seven swing states, ending the battle in half a day, and Trump ultimately repelled the Democratic Party's comprehensive hunting with overwhelming force. One of the Republican Party's key trump cards is the silent majority, those legitimate citizens at the bottom who are oppressed by illegal immigrants and libertarianism; they do not voice their opinions on social media, but they will cast the right vote. That man in the red MAGA hat is back in the White House.

In this spectacular American election, I can understand the motivation of everyone in Trump's team to stand by him, but why did he choose Bitcoin? A common explanation is that 13% of the U.S. population holds cryptocurrency, and Trump needs to appease these voters. According to his own explanation, Bitcoin can be used to pay off the $35 trillion national debt and replace gold as a new strategic reserve. The former reason seems a bit forced, while the latter appears somewhat absurd. To convince myself, I have reviewed a large number of articles and videos from traditional financial bloggers since the 6th, and I believe the answer is that Bitcoin intersects with the future four years of Trump and Musk's America in multiple ways: energy, anti-Federal Reserve, anti-Democratic Party, anti-big government, and a new symbol of the old American dream.

II. Energy

The true motives of politicians are always hidden beneath grandiose reasons. Let's revisit the strangest point in Trump's vision for Bitcoin's future: in June of this year, Trump posted late at night on Truth Social, stating, "Bitcoin mining may be our last line of defense against CBDC (Central Bank Digital Currency)… We want all remaining Bitcoin to be made in the USA!!! This will help us dominate the energy sector."

There are many similar statements, such as hoping that all remaining Bitcoin will be labeled as made in America, making the U.S. the crypto capital. The underlying message of these statements is to maintain a united front with the grassroots voters, resisting the Democratic Party's tyranny over Crypto, resisting CBDC, and resisting Bitcoin produced in Europe and Asia. However, these statements do not hold up under scrutiny; whether Bitcoin is labeled Made in the USA seems unrelated to the aforementioned points. Trump's true intention is actually hidden in the development of energy. Trump's main donors behind the scenes include: Kelcy Warren, CEO of Energy Transfer, Harold Hamm, founder of Continental Resources, Jeff Hildebrand, CEO of Hilcorp Energy, Timothy Marvin Dunn, CEO of CrownQuest Operating, and Koch Industries, the largest oil company in America. Funding from the oil industry is the main source of Trump's campaign funds for his second run, and the Democratic Party's promotion of renewable energy has greatly hindered the development of these traditional oil industries. Trump's intention is to strengthen the use of fossil fuels, generating electricity from fossil energy, and to drill like crazy.

Musk's dream of Mars is also closely related to the energy sector. What are the obstacles 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. However, the biggest obstacle to immigrating to Mars has become the government; most of the funding for the car companies backing the Democratic Party comes from traditional automakers like General Motors and Ford. Although the Democratic Party implements clean energy legislation and electric vehicle subsidies, these naturally exclude Tesla. The U.S. re-moon landing plan was initiated during Trump's previous term, and the $146 million orders were mostly allocated to SpaceX. However, after Biden took office, NASA directly redistributed the orders, significantly reducing SpaceX's order quantity, leaving SpaceX with only $9.4 million in orders, while the bulk went to Bezos's Blue Origin. The most important issue is that the Democratic government has been making it difficult for SpaceX's rocket launches through environmental regulations, with absurd justifications, such as whether it would harm marine life and thus threaten the marine environment. Starlink played a crucial role in Ukraine during the Russia-Ukraine war, but the usage fees have been delayed, and Musk, who originally chose to shut down the Starlink service in Ukraine, had to reopen it again under pressure from the Democrats.

All in all, Trump is Musk's only choice; energy policy and space contracts will be the chips Trump exchanges with him. Besides reviving fuel vehicles, all of this aligns with Trump's anti-extreme environmental policies, making them a perfect match.

Moreover, energy plays an important role in AI development. I mentioned in last year's article "Prospects for Potential Tracks: Decentralized AI Computing Power Market" that computing power is the oil of the future. If this oil is divided into two parts, it would be electricity and chips, with "the number of tokens per dollar per watt" representing future productivity. Developing the energy industry is also to ensure that the U.S. maintains a leading position in this key technology of AI, which also meets the needs of the new Silicon Valley forces behind Vance. Therefore, Bitcoin mining is merely a pretext for Trump; Made in the USA has no necessary connection with stopping CBDC or preventing other countries from mining. The "understanding king" may not understand Bitcoin and does not need to understand it too much; he just needs to know that people indeed like this thing and it consumes electricity.

III. Anti-Federal Reserve

Zuckerberg was once the number one fan of the Democratic Party. To demonstrate his loyalty to the Democrats, he banned Trump's social media account the moment he left office. Trump has repeatedly stated that if he has the chance to return, he will first imprison Zuckerberg. However, this loyalty did not earn the Democrats' compromise on Libra; perhaps Zuckerberg really did not understand that this was a declaration of war against the largest private bank in the U.S., the Federal Reserve. Meta's downfall resulted in a plummeting stock price, and the metaverse became a bubble, but compared to past politicians, Zuckerberg can be considered lucky.

Historically, there have been two presidents who wanted to challenge the Federal Reserve: Lincoln, who wanted to reclaim the power to mint currency, and John F. Kennedy, who wanted to issue silver-backed currency. The ultimate result for both was assassination. However, Musk and Trump still want to be the next challengers to the Federal Reserve. During his previous term, Trump publicly expressed dissatisfaction with the Federal Reserve's interest rate hikes multiple times. The independence of the Federal Reserve prevented him from intervening in monetary policy, and in the next term, he hopes to directly fire Federal Reserve Chairman Jerome Powell. Musk, during the last crypto cycle, attempted to have Tesla accept Bitcoin payments but ultimately claimed that Bitcoin was not environmentally friendly and paused Bitcoin payments. Of course, I would prefer to believe that the fundamental intention behind adopting Bitcoin payments was to challenge the dollar, and the reason for the eventual halt could not possibly be environmental.

No pain, no gain is a commonality among the three; 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 do not dare to challenge. On November 8, a senator posted a message, to which Musk replied with an emoji "💯," indicating 100% support. The content of this post was as follows: "The executive branch should be under the leadership of the president. This is the design of the Constitution." He also added the hashtag "#EndtheFed." He wrote: "The Federal Reserve is one of the many examples of our deviation from the Constitution. This is another reason we should 'end the Fed.'"

Let’s revisit Trump's commitment to Bitcoin: using Bitcoin to pay off national debt, establishing Bitcoin as a strategic reserve, and Bitcoin ultimately surpassing gold. Anyone who can do basic arithmetic knows this is nonsense; with the U.S. holding only 1% of the total Bitcoin supply, it wouldn't even be enough to cover a week's interest on the national debt. But what is implied? It is that the "understanding king" wants to seize monetary power, and Bitcoin, as the number one mocker of fiat currency, is perfectly suited to lead the charge in this anti-Federal Reserve movement. If he can ultimately bring down the Federal Reserve, Trump will not only be the most powerful president in decades but also the only president in the history of the U.S. federal government to hold all powers.

IV. Anti-big government

I will skip the content regarding the anti-Democratic Party here; there is a more exciting description in an article titled "The Crypto War 33 Years: Started by Biden, Ended by Biden" written by an author named Chao. We will mainly discuss what Democratic big government is and what Republican small government is.

Jefferson once set the rule for the young America: "The best government is the least government." The so-called small government ideology has been the political stance of the Republican Party for many years, advocating low taxes, minimal regulation, and emphasizing individual freedom and market mechanisms. In contrast, the Democratic Party tends to favor big government, high taxes, and strong regulation, emphasizing social equity and public services. The anarchism advocated by Crypto is actually very close to small government ideology; both fundamentally lean towards free markets and individual freedom, with small government ideology believing that retaining a minimal government is necessary to maintain individual freedom.

In the process of the integration of crypto and America, we may see the Republican Party promoting the on-chain model towards small government ideology, thereby launching another offensive against the Democratic Party. Over the past four years, the Democratic Party, which has absorbed extreme leftist liberal ideas, has completely transformed into an exploitative government against legitimate American citizens, resulting in an unprecedented moral kidnapping that has bloodied America. We see that the so-called government intervention to compensate for social injustices has evolved into the indulgence and even support of various extreme movements; the rainbow flag, looting, and drug use have become commonplace, while arrangements for hotels and shopping cards for illegal immigrants have placed their benefits above those of citizens, reflecting the current state of America. The Democratic Party's goal is evident: through exploitation and brainwashing citizens, they aim to maintain power stability, even if it means losing some citizen votes in exchange for more votes from illegal immigrants and extreme leftists. What Trump may want to cultivate is a compliant crypto world, where citizens can engage in financial activities more efficiently and freely. The election fraud he despises might also be realized through blockchain in the future, which could reclaim the four years lost by the Republican Party and solidify its position after 28 years.

V. A New Symbol of the Old American Dream

The so-called new American dream is represented by the immigrant elite class, exemplified by Kamala Harris, the first female vice president, who is both African American and of South Asian descent, perfectly aligning with the Democratic Party's "political correctness" demands. She symbolizes the immigrant "American dream" in the context of America's multicultural era, representing open and inclusive cultural values. In contrast, the representative of the old American dream is JD Vance, a fighter born in the Rust Belt. As a working-class child, he is a soldier, writer, businessman, and also the next vice president of the United States and a new Silicon Valley leader. He embodies the belief held by early Americans that through hard work, courage, creativity, and determination, one can ultimately achieve prosperity—values of democracy, rights, freedom, opportunity, and equality.

As Trump's running mate, his buff is perfectly stacked. The intersection of Bitcoin, or Crypto, with the old American dream seems to align perfectly. The essence of Proof of Work (PoW) is that the more you invest, the more you earn; in this parallel world of blockchain, miners are absolutely equal. This American dream has a better interpretation in third-world countries, where they can use stablecoins or even Bitcoin for transfers and payments, thus bypassing banks and unreliable small government currencies. They can also seek freedom and opportunities in DeFi or on-chain. If Trump keeps his promise, the upcoming Web3 will be an "American dream" belonging to crypto users worldwide.

Conclusion

Satoshi Nakamoto once wrote a reply to BM (the founder of EOS), saying, "If you don't believe me or can't understand me, then I don't have time to convince you, sorry. We have passed the era of explaining to others what Bitcoin is and whether it is a Ponzi scheme. For sixteen years, it has never failed; it is right there, existing across the Atlantic and beside you and me."

I do not oppose the Americanization of Bitcoin; any country, institution, or individual can buy Bitcoin. Crypto is inherently about freedom; controlling tokens does not mean controlling the network, and everything that happens on the Bitcoin blockchain remains decentralized. However, I dislike the constant mention of crypto and politics. First, I truly do not understand American politics. Secondly, as an industry that blends finance and emerging crypto technology, we have spent a significant amount of time discussing politics over the past year, which is absolutely abnormal for any developing tech industry. Bitcoin and the Republican Party are on equal footing in this election, each taking what they need, but the same cannot be said for Crypto outside of Bitcoin.

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