After US President Donald Trump announced a strategic coding reserve, some industry figures questioned the possibility of establishing them. Market monitors also expressed concern about the long -term recovery period of the market fueled by Trump.
Arthur Hayes clashes with the announcement of the encryption reserve
Founder Bitmex Arthur Hayes Express Doubts about the strategic reserve of American encryption. In the X Publication, the US President’s statement was considered “just words”, questioning the feasibility of the reserve without the approval of the American conference.
According to Hayz, the advertisement did not provide any new information to the public, as the government will need “obtaining the approval of Congress to borrow money and/or reassess the price of gold. Without this they do not have money to buy #Bitcoin and #shitcoins”.
On Sunday, President Trump announced the establishment of a “American encryption reserve” to raise “the critical industry after years of corrupt attacks by the Biden administration.” The news follows Trump’s executive order on January 23, “strengthening US leadership in digital financial technology.”
The presidential work group took out the digital assets to study the validity of the potential coding reserve, while emphasizing the support of the new management of Blockchain technology and digital assets.
On the social media platform, Truth Social, the US President revealed that the strategic reserve will include some of the best encrypted currencies Made in the United StatesIncluding Solana (Sol), Cardano (ADA), and XRP.
In another position, President Trump stressed that Bitcoin (BTC) and Ethereum (ETH) “will be in the heart of the reserve”, expressing his support for the higher news in encrypted currencies through the market value.
AI participated in the White House, Crypto CZAR DAVID SACKS, saying that he was “in line with one week EO 14178” and “President Trump maintains his promise to make the United States” the capital of the world in the world. “
The American strategic reserve “is not upward”
BYBIT CEO, Ben Chu, Agreed With Husie’s suspension, the reply exactly on x post. Meanwhile, some market analysts shared concerns about financing US digital assets.
Ali Martinez male The strategic reserve “will not become a reality overnight” where Congress must “formulate and legislate and transfer them.” The analyst added that the sources of financing must be allocated, and agencies such as the Securities and Stock Exchange Committee (SEC) and the CFTC futures contracts (CFTC) must create a compliance framework.
Martinez wondered what could happen if the legislation did not pass in Congress, which is considering whether the market pump “will decline” and promotes recently seen emotional feelings.
Market analyst IG Tony Sikamore I mentioned On X, “While this announcement has greatly strengthened the prices, it also raised concerns.” According to the analyst, financing from digital asset purchases “may come from taxpayers”, as the government holds $ 36 trillion of debt.
“Instead, it may be obtained from a large amount of encryption that the government has confiscated over the years of criminal activities, including 144,000 Bitcoin seized from the Silk Road in 2013,” also suggested.
However, SYCAMORE is a strategic reserve made of the US -made up of encryption assets “not anywhere near the climb because it simply represents a transfer between the accounts instead of the new purchase that enters the market.”
However, some members of society Argue Trump’s advertisement contains a “new” new “here”, because the American president is “mainly refers to every country in the world that the encrypted arms race begins and the most important assets are BTC and ETH.”
Bitcoin's performance in the one-week chart. Source: BTCUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
