Trump's Bitcoin Reserve Expectations Drive Price Up: Heated Discussions and Observations Before the Summit——
The current price increase is due to rising expectations regarding Trump's Bitcoin national reserve in the United States; $BTC
So before the summit, I believe the trend will mainly be upward;
However, there are some points worth considering——
The probability of the U.S. establishing a national Bitcoin reserve within the year has risen to 68% on Polymarket.
Although Polymarket does not represent the final outcome, it reflects the emotional correlation of the public, and these sentiments will feedback into the market, so the market is likely to rise at this stage;
The reason for the increase is mainly due to a news release from the U.S. Secretary of Commerce a few hours ago, stating that Trump will announce a Bitcoin strategic reserve at the White House cryptocurrency summit;
The White House summit is on March 7, just two days away;
Investment is a bet on expectations, and clearly, everyone is betting that Bitcoin will soar as a direct U.S. national reserve in two days, but there are still some urgent issues to be resolved:
1) Is the announcement of a Bitcoin strategic reserve a national strategic reserve or a trial run by a certain state? This fundamental distinction is significant;
2) If the so-called strategic reserve is a national reserve, how could it be announced so quickly? Does it refer to entering the congressional agenda, or has the congressional agenda already passed, with the President making a direct announcement?
3) Announcing a Bitcoin strategic reserve implies full acceptance by both parties in the U.S. At this stage, due to a lack of political consensus and economic basis, this matter is highly controversial. Can the President really resolve this in such a short time?
My current approach is still to patiently wait, not rushing to enter the market, nor easily shorting. How is everyone preparing to act? #BTC
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