Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Opinion: "Bitcoin becoming a strategic reserve asset of the United States" will not be realized in the short term. If Trump mentions it, it will be beneficial to the medium-term trend
2024-07-20 02:43
Odaily News Ari Paul, founder and CIO of BlockTower Capital, said that the news that the US government plans to hold Bitcoin as its strategic reserve may be "bullish" for its price, but it is unrealistic to achieve this goal in the short term. Paul said he was willing to bet at 10:1 that the United States would not use Bitcoin as a strategic reserve in the next four years, but he believed that Trump might mention this matter at the conference, which is indeed very beneficial to the medium-term trend of Bitcoin. Paul further explained that while the next president may say that they "do not intend to sell" any Bitcoin currently held by the government, this does not mean that they are actually "building a strategic reserve of Bitcoin." (Cointelegraph)