No, the Bitcoin reserve has nothing to do with it, it even played a disservice to Bitcoin, because no action followed the signing of the reserve decree, they did not start buying Bitcoin and everything is in an uncertain state, when they do not even know how they will replenish this reserve, except for confiscations, which seems to have affected Bitcoin more negatively than positively at the time of signing the decree. These are all manipulations that Bitcoin constantly faces, but despite this, it still continues to grow.
Trump's strategic bitcoin reserve has become negative news because of high market expectations, not his fault. Trump only promised to create a strategic bitcoin reserve and not sell any of the bitcoin the US government currently holds. He never promised to buy more but the market likes to fantasize and dream about those things, and when things don't go as expected, they start to get frustrated and blame.
In theory, this is
a positive
thingnews because it dispels our long-standing
fearfears that the US government could sell 198,000 BTC and cause panic in the
marketmarkets. But we turned it into negative news.