Yesterday, Trump signed an executive order announcing the establishment of the 'U.S. Strategic Bitcoin Reserve.'

This move marks the official inclusion of Bitcoin into the U.S. government's national strategic assets, upgrading it from a 'speculative asset' to a strategic asset backed by the state.

According to the executive order, the U.S. government will not directly purchase Bitcoin but will acquire Bitcoin through criminal or civil forfeiture processes to establish this reserve. Currently, the U.S. government holds approximately 200,000 Bitcoins, and these assets will be used as a long-term store of value and will not be sold. Additionally, the Secretary of the Treasury and the Secretary of Commerce have been authorized to develop a 'budget neutral' purchasing strategy.

“Budget neutral” means that the government cannot increase new fiscal spending or use taxpayer funds when purchasing Bitcoin. The government can raise the necessary funds by selling other assets, such as gold.

Symbolically, this event has significant implications, as it indicates the U.S. government's formal recognition of Bitcoin's value and its willingness to hold it long-term.

In the long run, if U.S. states or allied countries follow this policy, combined with the Federal Reserve's monetary easing and Bitcoin's halving cycle, Bitcoin's price is expected to rise significantly.

Position in the following 3 altcoins expected to increase by 10 times!

1. BCH

The cryptocurrency market is experiencing a strong recovery, with Bitcoin (BTC) surging over 5% after a period of significant sell-off. During this rebound, Bitcoin Cash (BCH) has performed outstandingly, rising 25.86% within just 24 hours after a key technical breakthrough.

BCH recently broke out of a descending wedge pattern that had kept its price on a downward trend for several weeks. This breakout and surpassing the 50-day moving average (50MA) signal a potential trend reversal and new bullish momentum.

Unlike Ethereum, Bitcoin Cash offers advanced smart contract functionality while maintaining lower transaction costs. It is also compatible with a variety of devices, including affordable hardware. Bitcoin Cash positions itself as a strong competitor in the blockchain space by optimizing its network to enhance efficiency and functionality.

Currently, the trading price of BCH is $401.5, which may retest its breakout level before the next move. If its bullish momentum continues, the next key resistance level to watch is the 200-day moving average (200MA). A decisive breakout at this level will confirm the bullish trend and pave the way for a potential rebound to $445 and $499, which means a possible increase of 32% over the current price.

As Bitcoin Cash continues to strengthen and break through key resistance levels, the likelihood of its sustained rise is increasing. If the overall market recovery continues and BCH maintains its upward trend, the prospect of further increases may be right around the corner.

2. INJ

Injective is a high-speed blockchain built for DeFi, addressing the instability of Ethereum gas fees and supporting cross Cosmos and Solana transactions, making cross-chain operations easier. Its decentralized derivatives trading platform enables trading assets across different networks without the need for centralized exchanges, allowing for fast and secure transactions, attracting a large number of traders.

3. AAVE

As a leader in the DeFi space, Aave has always been favored by institutional investors. Its core functionality allows users to borrow other tokens by collateralizing assets while liquidity providers can earn interest. Additionally, AAVE holders can participate in governance voting to ensure the decentralized operation of the ecosystem.

Recently, the Aave community proposed a plan to repurchase $1 million in AAVE weekly, which has formed strong support for the price. Currently, AAVE is priced at about $208.64. Although it has risen significantly, it still holds long-term investment value. If you missed the previous rise, consider building your position in batches and adding more during corrections.