I'm sure I'm not the only one who's noticed the moves by the US first, the White House crypto summit, and now adding Bitcoin and some other altcoins to their reserves.
Has anyone else come across this? If the US is holding it, other countries might follow. We've already seen Brazil approving its own BTC reserves, so it seems like a race is forming.
This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
The whole expectations on the Bitcoin summit was to see tremendous spark in the price of Bitcoin and the entire crypto market, but it seems reverse or stagnancy became the total outcome. Well, I'm still holding on, expecting something better, yet bracing myself ahead of what the market might become.
The summit of Bitcoin reserve which has taken place, this will bring more interest of other countries and States to join this trend, for the start, this will be showing good sign, but who knows how long it will be.
The opposite happen, it's not the news that we wanted to hear, or maybe we really put a lot of expectations from Trump and our impression is that the government of the US is going to buy.
So far so good, President Donald Trump has fulfilled his promise of making Bitcoin reserve, we are now to wait and see what this phase will bring to the table.
For now, it didn't do good for us, price is still below $90k. And the all time high under his administration is $109k. So that is a far cry. But I will say that we should stay away from that Bitcoin reserve news, investors should be the one driving the price and not those news that seems to be like some manipulation form the White House itself. And we can also wish that we will settled down and ride the market to a new all time high without the so called Bitcoin reserves.