"Is Trump playing the retail investors again? Who's pocketing all the money from this wave of chaos? 🤣"
Recently, Trump has been making waves, and the cryptocurrency market has taken a rollercoaster ride — with Trump's 'Strategic Reserve Executive Order' and the White House cryptocurrency summit, retail investors are shaking in their wallets. What are the specific impacts?
Short-term: A big bump! The strategic reserve is limited to 200,000 seized bitcoins, and the government isn't increasing its holdings; the summit was just talk with no solid outcomes.
Long-term: A bit promising! Bitcoin's status has been recognized, Biden's 'iron-fisted' policies are gone, and the SEC has calmed down, so legitimacy seems to be a bit more stable.
But don't celebrate too early, I think for the crypto market to rise, we still need to see how the US stock market performs; only when market liquidity improves can cryptocurrency take off. What do you think? Did this wave of chaos result in profits or another loss?
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