Bearish

Although the ending is a bit dramatic, overall it is not very bad. Firstly, the U.S. President has confirmed the status of #Bitcoin as a strategic reserve, and secondly, it has been determined that the U.S. will establish a cryptocurrency reserve, using seized assets as the primary source. Furthermore, previous regulatory stances on cryptocurrencies have been denied. Overall, it is inevitable that cryptocurrency regulation will become more lenient since Trump took office.

Then Trump also expressed that the Treasury and Commerce Departments are exploring new ways to increase Bitcoin reserves, and he has repeatedly mentioned that the U.S. aims to become a major player in BTC and cryptocurrencies. Therefore, from this perspective, the U.S.'s friendliness towards cryptocurrencies is beyond doubt, officially ending the Biden era's 'Stifling Action' 2.0!

The Treasury Secretary, as expected, expressed research on stablecoin systems. He stated that the U.S. will continue to maintain the dollar as the dominant reserve currency and will use stablecoins to achieve this goal. Stablecoins will inevitably be an important part of the U.S. cryptocurrency strategy.

'Never sell your Bitcoin' - Donald Trump, the 47th President of the United States.

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