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Details: ht
Although the news of 'Trump signing the BTC reserve order' came out, the BTC price did not meet market expectations. The Trump administration did not buy BTC through gold or additional channels, and potential buying pressure still needs more time to confirm.
But in the long term, it is still a big positive for Bitcoin, after all, the United States as the world's largest economy, has a huge influence on the global financial market. Now that it has officially decided to use BTC as a strategic reserve, it is bound to accelerate the evaluation of BTC reserve demand by various countries, and is expected to further boost its price. Russia has legalized BTC mining and international payments by 2024, Switzerland is considering a referendum to include BTC in reserves, and Poland and Germany also have similar proposals.
On the other hand, what needs to be continuously observed in the future is that although Trump signed an executive order to establish BTC reserves, which can bypass possible opposition from Congress and push forward at the fastest speed. But there are also hidden concerns, because his executive order may also be overturned and modified by the next president, so its sustainability is not as stable as through federal legislation.
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