White House Crypto Money Summit, Bitcoin $84,933.38 And he could not achieve the expected reconciliation in the crypto currency sector. Although he described it as a historical step among the participants, the price of Bitcoin decreased by 7.3 %and an output of $ 370 million from the stock market funds drew attention. The strategic reserve plans of the Trump administration disappointed crypto money defenders.
Market reactions and expert opinions
Crypto money analyst Miles Deutscher stated that the summit carries positive signals for Bitcoin, while Multicoin Capital Manager Kyle Samani said “a historical turning point”. However, the price of Bitcoin was faced with the risk of decreasing $ 70,000 after the summit. In parallel with the decline, Bitcoin Stock Exchange Investment Funds (ETF) recorded $ 370 million in the last three days.
The criticism of the summit was not missing. Bitcoin maximalist Justin Bechler described the activity as “lobbying of state -supported surveillance projects .. In the messages he shared on social media, he stressed that the government’s crypto monetary policies may harm the principle of decentralization.
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Strategic Reserve and Editing Discussions
The Trump administration’s plans to take Bitcoin into a strategic reserve scope. With the relevant executive order, it was announced that federal institutions could buy Bitcoin within the framework of budget balance and asset management rules. However, this step has increased the concerns of the “intervention of the state to the market” in the crypto currency community.
Investors predict that Bitcoin can test the $ 70,000 level in the short term, but then will target $ 100,000. Market participants closely follow the effects of strategic reserve application on liquidity and price stability. On the other hand, warnings are made that regulatory uncertainties can suppress innovations in the sector.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
