The market woke up in a sea of red yesterday, which can be seen as an excellent opportunity for those last pre-bull run contributions.
If you are following the market, the latest news is a great way to understand the future and position yourself strategically. Just take a look:
Michael Saylor bought 55.5k BTC
That’s $5.4 billion! - in a single transaction, not counting purchases from the last few weeks. The latter alone already absorbs all the Bitcoin that Germany sold in July 2024. This movement shows the appetite of whales at strategic moments in the cycle.
Why did everything fall then?
Corrections at this point in the cycle are normal! Long-term holders are taking profits, which is expected at this stage. However, these fixes are usually short. If you are still thinking about investing, it may be the ideal time to complete your portfolio. Don't let panic shake you. Focus on the plan.
Now, speaking of the United States...
Pro-Crypto Policy in the US
The Trump administration, which begins on 1/20, is bringing big pro-Bitcoin names into strategic positions:
Scott Bessent, renowned hedge fund manager and founder of the Key Square Group, will be the new US Treasury Secretary. Defender of cryptoassets as national reserves and critic of fiat currencies, he supports the integration of digital currencies into the traditional economic scenario. In an interview with Fox Business, Bessent highlighted that cryptoassets represent economic freedom and expressed enthusiasm for Trump's plan to create a Bitcoin Strategic Reserve. His appointment is considered a milestone for the crypto market, signaling a more favorable regulatory environment and greater impetus for adoption and innovation in the sector.
Howard Lutnick, CEO of Cantor Fitzgerald, is a renowned businessman known for his leadership. In the crypto market, it stands out for its support for Bitcoin and its partnership with Tether, managing USDT reserves, including billions in US Treasury bonds. He defends Bitcoin as a commodity, comparable to precious metals or energy. He was recently nominated by Donald Trump to be the US Secretary of Commerce, a strategic move that reinforces his role in the integration of cryptocurrencies into the traditional economic system.
Gary Gensler, current president of the SEC, has already announced his departure, which could pave the way for a much more favorable regulatory environment for the crypto market.
Janet Yellen, the current US Treasury Secretary who loves turning on the printer, has also warned that she will not remain in the Trump administration.
These changes could transform the US into the epicenter of crypto innovation, with a perfect environment for the growth of Bitcoin and the market as a whole.
Posted Using InLeo Alpha