The race among countries to create a $BTC reserve is on.
El Salvador is leading, followed by the USA, Brazil, and Switzerland.
What's boring with crypto market is that even with David Sacks saying they're evaluating Bitcoin Reserve, the market still tank, it would have been different if Gary Gensler said it I guess before. I think the market just relying on what is Trump gonna say like it would have been come from his fucking mouth first rather than his crypto czar. Anyways, I think it will happen but this SBR thing with USA will be slower than much anticipated.
Why would someone rely on what T. says or does?
I guess people wanted US to buy their bag for BSR-is this what it is about?
I am hearing "institutions are coming" AT LEAST since 2017.
So far the "INSTITUTIONS" have been mostly MSaylor, a bit of Tesla and a bunch of minnows-like companies.
I'm talking about the broader crypto market sentiment at the moment, but mostly it's all just retail that are in shambles I guess, most whales are accumulating. Well, we can't deny the fact that most institutions are conservative or still think Bitcoin doesn't have any necessary usecase yet but if a government like USA makes a move, that's definitely something.
Yeah saw that news from CNBC already but what's coming from Sack's mouth doesn't have some edge compared to what coming from the President itself. I'd get it, there's no second best.