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Post original content on Gate Square related to WXTM or its
#Bitcoin Strategic Reserve#
Trump and Bitcoin: How Does Strategic Reserve Move Affect Cryptocurrency?
Claims that Trump is planning a strategic reserve consisting of Bitcoin and altcoins for the US have caused a huge stir in the market. While the price of Bitcoin is rapidly rising, the total crypto market value increased by 300 billion dollars in a day.
This move could strengthen the perception of Bitcoin as digital gold and increase states' interest in BTC. However, creating such a reserve poses significant legal and economic question marks. How will a country that directs global finance like the US turning to Bitcoin affect the dominance of the dollar?
Is Trump's statement a real policy change or part of election propaganda, time will tell. However, one thing already clear is that the crypto market has become more sensitive to political developments and such news can sharply affect price movements.