The United States has confirmed the establishment of a Bitcoin strategic reserve, but instead of acquiring it through purchases, they will be reserving Bitcoin that has been seized, without selling it separately.
Once the news broke, the market fluctuated by almost 5,000 points.
The outcome was below expectations, leading to a bearish sentiment regarding this news.
However, in the long run, it seems positive.
The United States is publicly establishing a virtual currency reserve!
This could encourage other countries to pay attention to the virtual currency market.
Although it appears bearish, a market correction is much healthier than a sudden 30% drop due to a black swan event.
Well, at least that's how I see it.
Managing positions, setting stop-losses, and taking profits are the truths of life.
