#WhiteHouseCryptoSummit 🔥 Be ready for an acquisition surge. Strategize for it. In the coming weeks. This is what I understood from the White House summit on cryptocurrencies.
🔥 The discussion primarily revolved around Bitcoin, with a passing mention of alternative coins, and this will lead whales and investment funds to place their trust in Bitcoin and shy away from liquidity.
🔥 U.S. President Donald Trump stated that as of today, the United States will not sell any of its Bitcoin, affirming that the federal government holds 200,000 Bitcoin in its possession.
🔥 Trump noted during the first cryptocurrency summit at the White House that the U.S. government "acted recklessly" and sold tens of thousands of Bitcoin, most of which were sold during the Biden administration, which did not wait for the currency's price to reach high levels.
🔥 The U.S. President added, "Assets from cryptocurrencies other than Bitcoin will be kept in a new digital inventory."
🔥 David Sachs, the cryptocurrency czar at the White House, stated in comments to reporters that the goal of the summit is to hear from cryptocurrency leaders, the first of its kind to initiate a direct dialogue with the cryptocurrency sector in general in the United States and an attempt to understand its priorities.
🔥 The summit is positive for cryptocurrencies in the medium and long term, and good luck to everyone.