The big one is coming,
Deutsche Bank recently released a research report questioning the U.S. government's cryptocurrency strategic reserve plan. The report points out that even if the plan is announced, the actual reserve amount will be far below expectations, and the likelihood of the U.S. government actually investing funds to purchase cryptocurrency is extremely low.
The report analyzes that the main resistance faced by the plan comes from the political level. The recent invitation list for the crypto summit shows that most attendees are major donors to Trump's campaign. This indicates that the Trump administration is promoting the plan more to fulfill campaign promises and respond to supporters' demands, rather than out of a genuine recognition of the strategic value of cryptocurrency.
Despite facing numerous challenges, Deutsche Bank's report still holds certain reference value. As a traditional financial institution with a relatively friendly attitude towards cryptocurrency, Deutsche Bank not only provides custody services for crypto assets but also supports the deposit and withdrawal of crypto assets with fiat currency, and has invested in multiple crypto technology companies.
This report has sparked widespread discussion in the industry about the feasibility of the U.S. cryptocurrency strategic reserve plan. In the future, whether this plan can be smoothly implemented still requires overcoming many obstacles and enduring the dual tests of the market and politics.