The widespread disappointment surrounding the American Bitcoin Strategic Reserve – welcomed as a historical step for bitcoin adopting – indicates the unrealistic expectations of the investor, according to organizational experts.
President Donald Trump signed an executive order on March 7, which will use Bitcoin (BTC), which was seized in government criminal cases instead of buying the original directly from the market. This announcement led to a decrease in more than 6 % in the bitcoin price, as it decreased from 90,400 dollars to 84,979 dollars, according to CointeleGRAPH MARKETS Pro.
The interaction indicates the unrealistic forecasts of industry, according to Anastasja Plutnikova, co -founder and CEO of Fideum, an organizational and organizational infrastructure company that focuses on institutions.
BTC/USD, one month scheme. Source: Cointelegraph
“It was very clear that the United States government could benefit from the current BTC in its possession, and is also known as the money,” she told Cointelegraph.
It is strange to see a great public disappointment that comes from some players in this field. […] Not so long ago, the idea of the BTC reserves that was kept and with the support of the federal government was a revolutionary idea, and now we see a very strong implementation. “
The organizational expert added that the Bitcoin reserves is a “warning” approach with taxpayer boxes, which “makes this decision well in line with the correspondence of this administration.”
source: Margo Martin
Although the current plan does not involve the bitcoin government purchases, it does not exclude it in the future. It allows US Treasury and Trade Trustees to develop “neutral budget strategies” to buy more bitcoin for the reserve, provided that there are no additional costs for taxpayers.
However, the short -term disappointment is associated with the continuous macroeconomic concerns related to import definitions may push Bitcoin to a weekly closure of less than $ 82,000, risk more negative fluctuations.
Related to: The American Bitcoin reserves represents the “real step” towards global financial integration
White House encryption summit “dramatic transformation” from Biden administration
Trump signed a historic bitcoin reserves a day before hosting the first White House encryption summit, which also received mixed reactions from the encryption community.
Despite its reception, the summit represents a pivotal moment of the White House participation with the encryption industry, according to Alexander Orepees, General Adviser and great information security officials in the Ethereum Name Service service.
Tell Urbeis Cointelegraph:
“The fact that the summit occurs is a major shift from the hands of hands in the Biden administration and it will certainly expand the Blockchain community as well as the younger voters.”
Related to: Trump transformed the encryption from the “oppressed industry” into the “axis” of the United States strategy
“There are great hopes for the results of the coding top. One of these hopes is that participating like this with the White House will continue for a long time after the initial meeting.”
https://www.youtube.com/watch?
magazine: SCB Tips 500K BTC, SEC Delay ETHE ETF options, and more: Hodler’s Digest, February 23 – 1 March
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