First of all, strategic reserves have significant implications for the development of a country and even its history. This is not a simple investment but a crucial decision that will affect the coming decades. Even Bitcoin requires very clear conditions to be finalized, so Dogecoin is even further away. This may require a long period of infrastructure development and consensus building.
Secondly, ETFs are relatively easy to implement. For institutions applying for ETFs, their idea is very simple: just find sectors or investment categories that are popular in the market, regardless of whether they go up or down, as long as they can earn fees. If a bull market still exists and the government remains friendly to cryptocurrencies, it is likely to be approved.
However, I am not optimistic about whether the bull market can continue. Staying in the crypto circle can create a blind spot, which is the neglect of the macroeconomy while only considering the crypto cycle. The current market fatigue is actually caused by a global liquidity shortage, not just in the crypto space. It is also very difficult for the crypto market to have enough funds to raise prices in this environment. The Federal Reserve is currently in a difficult position; expanding the balance sheet may further increase inflation risks, while shrinking it may trigger a recession. The destructive power of inflation far exceeds that of a recession. Therefore, the best course of action for the Federal Reserve now is to do nothing and let the market endure the pain until inflation declines, then rescue the economy. If you enter the market now, you must be psychologically prepared for tomorrow to be a bear market.
Speaking of which$DOGE Although the strategic reserve ETF and other possibilities may become illusions, the Dogecoin community and its supporters have never given up on developing Dogecoin and have never been discouraged. The Dogecoin Foundation is promoting the use of Dogecoin for daily payments and adoption along with the Dogecoin community. Moreover, this company will soon apply for listing in North America. If others cannot accomplish it, we will do it ourselves, turning Dogecoin into a stock that breaks into the S&P 500 instead of an ETF, making it real money, not just a reserve.$DOGE turn it into a stock that breaks into the S&P 500 instead of an ETF, making it real money, not just a reserve.#美国加密战略储备 