ʞɔɐſ
@jackxbt.eth
Even though Trump later stated BTC and ETH are part of the reserve, this is not bullish for crypto long term. The govt having a massive stash of crypto that they can sell off at anytime and decimate the market is BAD. This administration might not sell, but what about the next one? USA will likely flip from red back to blue after this admin. What then? Dems have no interest in crypto currently.
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Toasterboyz
@toasterboyz.eth
Whales gonna be whales whatever happens right? So as much as I may agree with your point what would be the resolution to the issue. You cant limit people or states getting what they want. We just have to be savvy players in the game
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ʞɔɐſ
@jackxbt.eth
I agree, there’s no way we can stop or regulate state actors from getting involved, we can only ask as citizens that they regulate themselves and stay tf out of crypto. They already have massive reserves from seized crypto assets and the govt selling those off has always loomed over the industry. But you’re right, we should be savvy, and the savvy thing to do is not to celebrate this as a long term win, or really a win at all. The govt getting more involved in crypto in this way is bad. We can play the game better collectively by not hyping up every short term price movement when number go up and think long term what’s best for the industry.
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