Why everyone sells digital gold? Trump literally made a federal bitcoin reserve for BTC last week.
Recently, Crypto was so losing that the largest fans’ heads were exhausted by excuses:
- BTC and ETH ETFS have been approved
- The United States of America adopts BTC as a reserve
- The President of the United States and the most famous person on the face of the earth issued Mimikoen
None of these accounts was enough to shake the bear market. Now, Doomers say that Crypto has reached its peak in her mind and has begun its permanent descending slice. How true is this?
Discover: 9+ best high -risk encryption, high -quality purchase in March 2025
Bitcoin starts as a brutal failure
At the heart of Trump’s plan, there is a great hideout of bitcoin, which has been seized over the years in criminal and civil investigations. David Sacks, CZAR CZAR CZAR, is now estimated at about 20000 Bitcoin, which is currently $ 16.7 billion. The CEO of the US Treasury directs to check and manage these assets as reserves, such as gold and foreign currencies.
“This executive affirms President Trump’s commitment to making the United States” the capital of encryption in the world, “the bags stated, and the initiative was described as a” digital fortress. “
This also passes a step forward through the tasks of the treasury and trade sections by developing strategies to get more bitcoin. However, any “budget neutral” purchases should be, which means that they will not bear additional taxpayers.
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The market response to Bitcoin reserves
The market reaction was quickly with the news, not completely positive. The price of Bitcoin initially decreased to $ 84,713 after the announcement, just to recover a little to about $ 88,982. Investors were expecting a more aggressive purchase strategy and were disappointed because there was no new purchasing power behind the plan.
Altcoins saw similar trends. The markets Ethereum and Solana Drop witnessed when traders moved quickly to cover their bets against more losses. The sale, which analysts rejected as an exaggerated reaction, may calm down in the coming weeks.
The encryption was better before Trump
$ 3900 ethereum $ 2000 ethereum pic.twitter.com/njtu9gunwn
– This man is Martiniguyyt March 9, 2025
Moreover, Trump’s transformers move moving a bowl of moral conflicts. A long time before the Oval Office, the world unveiled the financial freedom and resigned it on the mechanics bearing its similarity, which raised questions about the place where works and governance begin. As legal battles are progressing on Crypto’s progress under its management, these lines appear more fierce.
In addition to this anxiety is the laws of civil confiscation. Crypting advocates are cited cases of baseless asset seizures, and he warned that the Ministry of Justice may take advantage of their access to demanding encoded currency property under new executive orders.
Trump’s effect is a hot chaos
While Trump wins his position on the strong speech and the strict migration position, his economic moves had left something required.
- Declared definitions
- His own portfolio (he did not completely forget BTC in his original reserve advertisement)
- Extremely uncertain to fear, which will frighten investors.
However, 99bitcoins sees a vision where all this is temporary pain and the Trump Economic Plan can work:
- Since Covid’s assets were very high for middle -class investors, this incident gives them an opportunity to return to the market
- ETH ETF StAKING may be approved this month. It was presented on February 14 and was recognized by the Supreme Education Council on February 25. It will increase the return and make a more attractive contract.
- Texas Crypto Reserve recently moved to the following steps and may be approved in March or April. This includes BTC and Crypto with MarketCap 500 billion dollars (the closest ETH).
- There is a protected in Arizona in the same steps, but it only includes BTC. Utah’s bill passed, but they fled and completely removed the encryption reserves.
- M2 Supply hints Bitcoin will rise at the end of March.
Basically, there are a lot of good possibilities in March, but again, we may have to wait months until Bitcoin reaches the highest level again.
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Why everyone sells digital gold? Trump literally made a federal bitcoin reserve for BTC last week.
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However, 99bitcoins sees a vision where all this is temporary pain and the Trump economic chart can work.
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Texas Crypto Reserve recently moved to the following steps and may be approved in March or April.
Post America creates Bitcoin Reserve but Crypto is destroyed: What f? First appeared on 99bitcoins.