Donald Trump signed executive order for both Strategic Bitcoin Reserve and Digital Asset Stockpile 🥳

in hive-103599 •  2 days ago  (edited)

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Source: Cointelegraph

What does it mean? To encapsulate this news, it doesn't mean the U.S. government will buy BTC(Bitcoin) and altcoins for them. They just don't allow government agencies to sell seized cryptos related to criminals.

Biden administration used to sell cryptos. So, it's good news for cryptos with respect to a long-term.

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Source: BitcoinTreasuries

This quantity won't be sold for the next 4 years. Somehow, BTC will likely be bullish the end of this year 🤔

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This is a good move in the right direction. Crypto traders, investors or enthusiasts would be expecting this decision to impact the crypto market favorably.

The market has gone down so much even below expection. Some other emerging tokens are geting worst of it as there are no positive sentiments stimulate their prices. I pray that the decision would begin to revive the market again.

This could be a major success for early adaptors who have been around since the start. The prices should start to increase for all coins.

This is amazing 👏