I know that on the first day of his inauguration as US president, he signed many executive orders and that included Bitcoin reserves. Why was the bitcoin reserves he made for their country not effective on the first day?
We even discussed it locally that if that happens, it is possible that other countries will imitate what Trump did, especially his alliances, and it will have a good impact on our
bitcoin enthusiasts or crypto fanatics.
I might be wrong, but I think Bitcoin Reserve was not part of the executive order Trump signed on their first day in office. I think he set up a committee that will research about the reserve policy and recommend it to him.I don't know if the committee has given a positive view of the crypto reserve policy.
This is good news for the crypto industry after some challenging weeks where tariff wars and the hack of the exchange Bybit had brought some negative sentiment to the market. We are hoping to see the Trump administration start pilling up Bitcoin.
You are right, it's not included in the executive order that he sign on the first day, that's why the crypto enthusiast felt very bad about it. But we need to remember that there are other priorities sitting on his desk.
And with this announcement, the price goes to $85k-$94k, and I'm still hoping that we will touch 6 digit as the start of this week. Maybe when the other side of the globe has awaken to this good news, they are going to pour their money, like in Asia.