The core of the executive order $BTC is to classify Bitcoin as a strategic asset, which may involve national reserves or encourage institutions to hold Bitcoin. For those who are bullish on cryptocurrency in the long term, this is a windfall. Banks may launch Bitcoin deposits, and you might even be able to buy coffee at supermarkets with BTC; the days of mainstream adoption seem not far off. At the White House summit, Trump referred to Bitcoin as a 'symbol of American innovation,' and the world's attention is focused on the U.S. to see how it plays this card. If the policy is implemented appropriately, the acceptance of BTC might increase significantly within a few years.
However, there are also many troubles. With the government entering the scene, regulation is sure to follow. In the future, there may be trading declarations, new tax regulations, or even limits on holdings. If the free Bitcoin is overly regulated, its allure may diminish. The downward trend reflects this concern, with some shouting: 'This is not recognition, it's a noose!' Others worry that the government hoarding Bitcoin will drive up prices, pushing retail investors out and turning it into a 'national game.'