U.S. President Trump has just signed an executive order aimed at supporting the cryptocurrency industry, fulfilling his campaign promise to support the sector that helped him get elected. The executive order will establish a "Digital Asset Market Working Group" to assess matters related to the creation of cryptocurrency reserves. This article outlines other aspects of this wide-ranging order.
Trump has signed an executive order that formally suspends U.S. military aid to Ukraine. The order takes effect immediately, meaning the U.S. will no longer provide further assistance for already approved projects. This decision has "shocked" U.S. officials. Putin said in an interview, "If the 2020 U.S. election was not stolen from Trump, the war with Ukraine would never have started."
Trump: I understand interest rates better than Powell. Trump stated, "As oil prices drop, I will demand an immediate interest rate cut, and similarly, the whole world should lower rates." Five days later, the Federal Reserve will hold its first policy meeting since Trump took office on January 28-29, with expectations to maintain interest rates. Subsequently, Trump publicly questioned Federal Reserve Chairman Powell's interest rate decisions at the White House, claiming he intends to discuss with Powell "at the right time" because he "understands interest rates better than Powell." The King of Understanding is back. When asked if he believes Federal Reserve officials will listen to his opinions, Trump replied "yes."
Trump has taken office and is fulfilling campaign promises one by one. Particularly in the field of digital currency, he indeed has a significant influence on the entire cryptocurrency market. For a new narrative around BTC, he has provided momentum to raise BTC prices. Sovereign funds from various countries are also stirring. Only if the U.S. publicly stores BTC, will massive funds flow into BTC. This will raise the tide for the entire cryptocurrency market. It has been repeatedly reminded to buy on dips, hold coins, and wait for price increases; the bull market is still ongoing, and BTC prices are far from where they should be. Moreover, the matter of the Federal Reserve lowering interest rates is just a performance between Trump and Powell. Politicians are all actors, involved in human affairs. On the surface, they say there will be variables, but privately they have already reached an agreement with Trump. It is merely a means and tool to serve the country and capital. When Trump says to lower interest rates, it will definitely happen. A rate cut in February is a foregone conclusion. February will see numerous favorable conditions and is bound to be a month of explosive growth. Everyone is watching closely. #特朗普加密政令 $BTC
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