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[Trump executive order, read carefully]
Yesterday, I talked to everyone about the long-term and short-term market impact of the White House summit. Today, Trump signed an executive order on the Big Pancake Strategic Reserve, including Bitcoin in the national reserve. It will not currently increase costs for taxpayers to buy more Bitcoin. Instead, the 200,000 pancakes previously owned by the federal government will be used as injection gold (these were all confiscated fines in the past). He promised not to sell this part of the assets. The executive order authorizes the Treasury Secretary and the Secretary of Commerce to develop budget-neutral strategies to acquire more pancakes.
[爱心]: Trump has fulfilled his pre-appointment promise, not to sell reserves while including the big cake in the strategic reserve, which is a particularly big long-term benefit for the crypto market. So why the short-term decline? Because of emotions, because of high expectations, because of excessive interpretation by retail investors in the Asian market. Many new friends like to listen to the views of analysts and some information, but the crypto market is mixed with good and bad. Many technical analysts do not even understand basic macro data interpretation such as non-farm unemployment rate, let alone tracking on-chain data. They only look at the candlestick patterns, so after the news was announced, many people over-interpreted the 'will not purchase more crypto assets' in the document, misleading many retail investors and even leading the way to curse Trump as rubbish.
[爱心]二: What I want to say is, have you really carefully read the original text? Do you understand it? Is the long-awaited Trump executive order just hoping for how much he will buy the pancake? Not at all, what the market needs is the U.S. government to recognize the value of Bitcoin, endorse Bitcoin, and allow the pancake to truly integrate with the international community, move towards the regularization of investment assets, and allow more countries to participate. This is the result we want, but in reality, everything promised by Trump before has already been fulfilled.
[爱心]Three: The decision not to purchase more crypto assets at this time is related to the current status of the US. Currently, Musk and Trump are actively reducing government spending to lower inflation and stabilize economic development. It is not appropriate for them to use a large amount of funds to buy in, and Congress may not necessarily approve it. However, the document mentions authorizing the Treasury and Commerce Departments to formulate neutral strategies for purchasing. What does neutral mean? It means not spending taxpayers' money and being able to sell other assets for Bitcoin, such as selling some gold for Bitcoin, and using insurance and pension funds to enter the market for purchases, indirectly avoiding additional expenses while buying reasonably.
[爱心] Four: The federal and state finances are independent. The previously proposed rate reserve bill by other states will definitely follow the direction of the Trump administration. Currently, the Trump administration's direction is very clear, so other states will also successively pass this bill, with a scale of at least tens of billions, and since Trump has decided, other smaller countries will definitely follow the footsteps of the big brother.
[爱心] Summary: The signing of this executive order is historic. Don't mislead others due to your ignorance of discerning right from wrong. Soon, we will see the audit results of the federal government's holdings, and each department will gradually implement the details of the executive order, as well as the content of tomorrow's summit. The morning market sentiment selling pressure came to an end, presenting a good opportunity. After the emotions settle, the market will return to its structural trend. The long-term uptrend is not over yet, and the short-term bottom rebound is also not over. #白宫加密峰会 #BTC #ETH