How will Trump's Bitcoin Strat

How will Trump's Bitcoin Strategic Reserve work?

The reserve is expected to include Bitcoin seized from criminals, worth around $10 billion. Trump has not clarified whether the government will buy more Bitcoin through the open market to expand the reserve.

The benefits of the Bitcoin reserve include helping the US maintain its dominance in the global Bitcoin market and potentially reducing the national debt without increasing taxes.

$MicroStrategy(MSTR )$
$Grayscale Bitcoin Trust(GBTC )$
$ProShares Bitcoin Strategy ETF(BITO )$
$Coinbase Global, Inc.(COIN)$

BTC Retraces to $96000: Buy the Dip or Exit Now?

Bitcoin dropped to a low of $96,789, over $10,000 below Tuesday's all-time high, marking a 4% decline. Since the US election on November 5, Bitcoin's price has risen by more than 45%. Zann Kwan, CIO of Revo Digital Family Office, predicts that Bitcoin may retreat to just above the $90,000 level in the short term. ------------ What's your target price for Bitcoin in 2024? Is it good time to buy the dip or exit from Bitcoin?

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Comments

tiger_cc
12-18
tiger_cc
I hope this doesn’t lead to more government intervention in crypto.
- nomadic_m:
  Trump's crypto stance is likely to lead to less govt intervention in crypto, rather than more. but, it's worth noting that is not without controversy. Some experts have raised concerns about the potential risks including the potential for market volatility and investor protection issues.

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Since the US election on November 5, Bitcoin's price has risen by more than 45%. Zann Kwan, CIO of Revo Digital Family Office, predicts that Bitcoin may retreat to just above the $90,000 level in the short term.\n------------\nWhat's your target price for Bitcoin in 2024?\nIs it good time to buy the dip or exit from Bitcoin?","image":"https://community-static.tradeup.com/news/04432831a9e272d10f2bcaf34b40b54c"}],"images":[],"coverImages":[],"html":"<html><head></head><body>How will Trump's Bitcoin Strategic Reserve work?\nThe reserve is expected to include Bitcoin seized from criminals, worth around $10 billion. 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Trump has not clarified whether the government will buy more Bitcoin through the open market to expand the reserve.\nThe benefits of the Bitcoin reserve include helping the US maintain its dominance in the global Bitcoin market and potentially reducing the national debt without increasing taxes.\n<a href=\"https://ttm.financial/S/MSTR\"> $MicroStrategy(</a><a href=\"https://ttm.financial/S/MSTR\">MSTR</a><a href=\"https://ttm.financial/S/MSTR\">)$ </a> \n<a href=\"https://ttm.financial/S/GBTC\"> $Grayscale Bitcoin Trust(</a><a href=\"https://ttm.financial/S/GBTC\">GBTC</a><a href=\"https://ttm.financial/S/GBTC\">)$ </a> \n<a href=\"https://ttm.financial/S/BITO\"> $</a><a href=\"https://ttm.financial/S/BITO\">ProShares</a><a href=\"https://ttm.financial/S/BITO\"> Bitcoin Strategy ETF(</a><a href=\"https://ttm.financial/S/BITO\">BITO</a><a href=\"https://ttm.financial/S/BITO\">)$ </a> \n<a href=\"https://ttm.financial/S/COIN\"> $Coinbase Global, Inc.(COIN)$ </a></body></html>","text":"How will Trump's Bitcoin Strategic Reserve work? 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