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Today is a great day since President Trump signed the Bitcoin (BTC) strategic reserve into action. We saw a dump at the 4-hour Fair Value Gap (FVG), followed by an immediate pump. However, we need to examine this a bit more deeply:
1) Imagine the U.S. began heavily investing in BTC with government funds while the country is still in a rebuilding phase under the new presidency. This might not sit well with U.S. citizens, as cryptocurrencies remain controversial. Additionally, it would be healthier for buys to be executed without creating problems in the U.S. budget.
2) This could undervalue BTC as an asset, potentially prompting other whale entities—such as governments and institutions—to dump even harder.
3) Also, today, new executive orders regarding cryptocurrency will be signed, signaling a significant uptrend.
In the future, we may see a possible dump, but the golden age of crypto has just begun. 2 replies
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