This first post by Trump sounded official, like the kind of post/announcement a President should make about a move and that the move just happened to be about Crypto.
But this second post seems more like personal shilling and less like an official statement, especially because of the "I also love BTC and ETH."
It sounds more like this guy is trying to hype the crypto market and make people buy rather than make an announcement like a president.
I knew we're fond of using hindsight to seem smart and we are fond of analyzing why prices go up or down as if we really can tell, but the fact remains that this announcement wasn't properly made.
Trump should have mentioned BTC and ETH in the first announcement post. And even when he realized his mistake he should have simply made another post with the list of all the cryptos that would be in the strategic reserve rather than mentioning BTC and ETH and saying he loves them too. That made things personal and not official.
2nd Why: Manipulation
People already thought the dip that came before the announcement was manipulation and that insiders made the dip happen to buy cheaper because they knew this announcement would soon come and bring a rally.
The dip before this big announcement didn't seem like it could have been a coincidence at all.
Plus hundreds of millions of dollars in long positions were placed just before the announcement.
All these makes it seem like Trump and some insiders are really manipulating things which means a genuine renewed bull market is not at hand.
This must've have made investors not to run in like they were supposed to with such an announcement.
3rd Why: Thoughts that the Legislature or Judiciary Might Block the Reserve
Many people appreciated the announcement but there are fears that the strategic reserve might not manifest because it might be blocked by the house or SCOTUS. This block might not happen but the fears exist.
People are waiting for manifestation first before diving in, it's almost certain that the day it manifests would be the beginning of a renewed bull market.
4th Why: Possible the Manipulation is still Going on
When the reserve becomes a reality a strong rally is almost inevitable so prices are probably not rising currently because this is probably another manipulation by the big boys to keep buying cheap.
5thWhy: Trump's Posts are Still Showing he Doesn't Have Control Over the Ukraine-Russia Situation, plus Tariff Fears.
Trump's Truth timeline is littered with complaints about Zelensky and the war, plus the back and forth we all saw the other day. All of these makes the sentiment some sort of there is fire on the mountain kinda thing. A strong bull market can't really take off under this situation.
Plus there are still some fears of the proposed tariffs.
Conclusion
Trump better play his cards right or his influence on the crypto market would wane. A clumsy announcement like that should never repeat itself, everything should sound professional and presidential.
Secondly he has to deliver on the strategic reserve or else his influence would drop by a huge margin. The reserve being a reality is almost guaranteed to bring on the bulls even with the other reservations people have.
Let's go!!
The End
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But are sure are we that its not trumps PA writing those post, because the write up seem as though there were saying these things to the person wirting.
LMAO. Most likely, but why does that matter?
ohh well it really doesnt