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.
Initially, we expected the US to have a Bitcoin strategic reserve, but it has not been fulfilled by the current Bitcoin enthusiasts. I don't know how much of an impact it will have on the crypto space and how much you believe it, because when big investors and countries buy Bitcoin, they try to buy it cheaply, they can use this move and this strategy. But we expected that by buying millions of Bitcoins, they would create a Bitcoin strategic reserve, but that didn't happen.