BITCOIN JUST FLIPPED! TRUMP SIGNED EO AND BITCOIN FELL HARD!
My Financial Friend
Executive Order on Crypto Reserve
- Trump signed an executive order to develop a national digital asset stockpile and create a crypto working group
- The order aims to evaluate the potential for a strategic stockpile of cryptocurrencies, including Bitcoin
Market Reaction
- The market initially pumped up on the news, but then fell down after realizing the evaluation process would take time
- There is suspected manipulation happening in the market, with Coinbase and Binance allegedly flushing Bitcoin and Solana on bullish news
Long-term Implications
- The US means business and is likely to create a strategic reserve, which could lead to other countries and companies buying Bitcoin
- This could be a good opportunity for front-running and investing in Bitcoin before the strategic reserve is established
- The limited supply of Bitcoin and increasing demand from companies and countries could drive up the price in the long term
Investment Advice
- Think long-term and don't focus on short-term price fluctuations
- Consider dollar-cost averaging and getting serious about investing in Bitcoin
- The wealthiest nation in the world is evaluating buying Bitcoin, and it's likely that others will follow suit, so it's essential to pay attention and make informed investment decisions.