Re: Everything you wanted to know about Bitcoin Strategic Reserve
https://x.com/BTCTN/status/1958895309695672771?t=xCs7xXjSTO0Oc2aTcStbgA&s=19
Immediately Fed Chair Powell talks about shifting balance risks and in less than no time the price of Bitcoin move back to $115k, sometimes I wonder how this work exactly because sometimes when they speak about this market you will see coin dropping and there are also time they will talk about the market you will see the market going up but either way, this should not be our problem rather our problem should be channel on how to grow our portfolio.
And this is the reason why it is not advisable to trade Bitcoin because things like this will always frustrate traders because they won't know what will be the market condition in the next minute.
Now I know the Government really has power to influence the market, you can imagine the price of Bitcoin 4-5 hours ago and where it is now $116k
Immediately Fed Chair Powell talks about shifting balance risks and in less than no time the price of Bitcoin move back to $115k, sometimes I wonder how this work exactly because sometimes when they speak about this market you will see coin dropping and there are also time they will talk about the market you will see the market going up but either way, this should not be our problem rather our problem should be channel on how to grow our portfolio.
And this is the reason why it is not advisable to trade Bitcoin because things like this will always frustrate traders because they won't know what will be the market condition in the next minute.
Now I know the Government really has power to influence the market, you can imagine the price of Bitcoin 4-5 hours ago and where it is now $116k
Such fluctuations are not surprising because, after all, it is the institutions involved in ETFs that are borrowing money to invest for profit. It is therefore only natural for traders to take advantage of upcoming news, betting over the course of hours, days, and weeks to capitalize on opportunities for profit.
The government, of course, has an influence on the market, as it is the regulator and sets macroeconomic policies, so it will have a significant impact on market fluctuations, especially in the American market, which has substantial capital resources.