Hello,
As some of you probably know I like to track the US Bitcoin ETF inflows and outflows. Usually the price tracks this metric, when the institutional and non institutional money flows inside the ETFs it makes the price of Bitcoin move. And we are seeing a lot of inflows lately that are making the Bitcoin price correct and stabilize.
No matter what are the news, the outflows continue. 2 days ago we had the wealthiest country in the world, the United States make an executive order for the Strategic Bitcoin reserve. Did the price move? No, it stayed at the $86,000 range and we are still trading at this price at the time of writing this words.
Here the photo at the moment when the president Donald Trump signed the executive order for the Bitcoin Strategic Reserve.
One year ago, this moment was unimaginable, and now we are witnessing the most pro-crypto government ever. The price is trading at 86k? really? It doesn't make any sense.
A lot of wealth funds, pension funds and many other investors will allocate even a small % to Bitcoin after the white house has positioned Bitcoin as a strategic asset with huge potential appreciation.
Here the official announcement from the white house:
In addition to that, here you have some of the word that the president Donald Trump said at the White House Digital Asset Summit:
Welcome to the first-ever White House Digital Asset Summit. Last year, I promised to make America the Bitcoin superpower of the world, AND WE'RE TAKING HISTORIC ACTION TO DELIVER ON THAT PROMISE.
They like to say: promises made, promises kept. I have to admit, after all the declarations in the last days I was thinking that the Bitcoin reserve was going to be a Shitcoin reserve. And they finally corrected and made a Bitcoin only reserve, plus they will also keep the other assets that they seize as a digital asset stockpile. Or even maybe they will sell them to buy more Bitcoin.
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A year ago, nobody would’ve believed the U.S. would have a Bitcoin Strategic Reserve, yet here we are. But $86K and no crazy pump 😭👀 I really don't understand the market at all
Yep, nobody does. Let's see what happens in the next 2-3 months...
yep, I think that's enough time to see how this will really turn out.
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It's unbelievable. However my concern is that what if Trump leaves office are these reserves still going to be there?
The market has dumped hard today, I want to think in two to 3 days it'll correct and we'll still do a few crab walk and yoyo, at least for now.