Just a few minutes ago, President Trump signed an executive order to establish a strategic Bitcoin reserve.
However, BTC dropped by 12,000 in half an hour. Hahaha.
The Bitcoin reserve is a positive for the long term, but it's just a short-term negative. The establishment of the U.S. strategic reserve, while it will not actively buy BTC, at least achieves its formal purpose, and does not rule out purchases by other countries.
From the price reaction, it fell short of market expectations. It is anticipated that the impact of Trump's market on the overall market will gradually weaken, and as fewer predictable events occur, the crypto industry will enter a new phase.
From being held by the U.S. to being held by all countries around the world; from confiscated locked assets to countries around the world competing to buy in, this is a process.
This action directly breaks the notion that BTC is a vital asset like gold. No matter how powerful Nvidia is, will any country hold it as a strategic reserve? No.
