Yesterday I talked to you about the long-term and short-term impact of the White House summit on the market, and today Trump signed an executive order on the strategic reserve of the pie, which will include bitcoin in the national share reserve, and will not increase the cost to taxpayers to buy more bitcoin at present, but will use the 200,000 pies previously owned by the federal government as an injection (these were seized and confiscated in the past), promising not to sell this part of the assets, and the executive order authorizes the Secretary of the Treasury and the Department of Commerce to develop a budget-neutral strategy to obtain more pie. [爱心]: Trump has fulfilled his pre-election promise by not selling reserves while including the big cake in the strategic reserves. This is a particularly big long-term positive for the crypto market. So why the short-term decline? Because of emotions, high expectations, and the overinterpretation by Asian retail investors. Many newbies like to listen to analysts and some information, but the crypto market is mixed with good and bad. Many technical analysts don't even understand basic macroeconomic data interpretation such as non-farm unemployment rates, let alone tracking on-chain data. They only look at candlestick patterns, which is why after the announcement, many people misinterpreted the 'will not purchase more crypto assets' in the document, misleading many retail investors, and even leading the way to curse Trump as garbage. [爱心]: What I want to say is, have you really read the original text carefully? Did you understand it? Is the publication of the Trump executive order that we have been looking forward to just hoping for him to buy more pancakes? Not at all, what the market needs is for the US government to recognize the value of Bitcoin, endorse Bitcoin, so that Bitcoin can truly align with the international community and become a formal investment asset, allowing more countries to participate. This is the result we want, but in reality, everything Trump promised before has been fulfilled. [爱心]Three: The decision not to buy more cryptocurrencies is related to the current situation in the United States. Currently, Musk and Trump are both actively reducing government spending to reduce inflation and stabilize economic development. It is not appropriate for them to use a large amount of funds to buy in, and Congress may not even approve it. However, the document mentions authorizing the Treasury and Commerce Departments to develop a neutral strategy for purchasing. What is neutral? It means not spending taxpayers' money and being able to sell other assets to buy the dip. For example, selling some gold to buy the dip, or using insurance and pension funds to buy in the market, indirectly avoiding additional expenses while making reasonable purchases. [爱心] 4: The federal and state finances are independent, and the share reserve bill proposed by other states must follow the direction of the Trump administration, and the current Trump administration's direction has been very clear, so other states will also pass this bill one after another, with a scale of at least 10 billion, and Trump has decided so, and other younger countries will definitely follow in the footsteps of the big brother. [爱心] Summary: The signing of this executive order is historic. Do not mislead others due to your own ignorance and inability to distinguish right from wrong. Soon we will see the audit results of the federal government's holdings, and each department will gradually implement the details of the executive order, as well as the content of tomorrow's summit. The morning market sentiment selling pressure has come to an end, presenting a good opportunity. After the emotions subside, the market will return to the internal structure. The long-term uptrend is not over, and the short-term bottom rebound is not over yet. #GT 2024 Q4 Burn Completed #White House Crypto Summit #Trading Tips for Volatility
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【Trump executive order, read carefully】
Yesterday I talked to you about the long-term and short-term impact of the White House summit on the market, and today Trump signed an executive order on the strategic reserve of the pie, which will include bitcoin in the national share reserve, and will not increase the cost to taxpayers to buy more bitcoin at present, but will use the 200,000 pies previously owned by the federal government as an injection (these were seized and confiscated in the past), promising not to sell this part of the assets, and the executive order authorizes the Secretary of the Treasury and the Department of Commerce to develop a budget-neutral strategy to obtain more pie.
[爱心]: Trump has fulfilled his pre-election promise by not selling reserves while including the big cake in the strategic reserves. This is a particularly big long-term positive for the crypto market. So why the short-term decline? Because of emotions, high expectations, and the overinterpretation by Asian retail investors. Many newbies like to listen to analysts and some information, but the crypto market is mixed with good and bad. Many technical analysts don't even understand basic macroeconomic data interpretation such as non-farm unemployment rates, let alone tracking on-chain data. They only look at candlestick patterns, which is why after the announcement, many people misinterpreted the 'will not purchase more crypto assets' in the document, misleading many retail investors, and even leading the way to curse Trump as garbage.
[爱心]: What I want to say is, have you really read the original text carefully? Did you understand it? Is the publication of the Trump executive order that we have been looking forward to just hoping for him to buy more pancakes? Not at all, what the market needs is for the US government to recognize the value of Bitcoin, endorse Bitcoin, so that Bitcoin can truly align with the international community and become a formal investment asset, allowing more countries to participate. This is the result we want, but in reality, everything Trump promised before has been fulfilled.
[爱心]Three: The decision not to buy more cryptocurrencies is related to the current situation in the United States. Currently, Musk and Trump are both actively reducing government spending to reduce inflation and stabilize economic development. It is not appropriate for them to use a large amount of funds to buy in, and Congress may not even approve it. However, the document mentions authorizing the Treasury and Commerce Departments to develop a neutral strategy for purchasing. What is neutral? It means not spending taxpayers' money and being able to sell other assets to buy the dip. For example, selling some gold to buy the dip, or using insurance and pension funds to buy in the market, indirectly avoiding additional expenses while making reasonable purchases.
[爱心] 4: The federal and state finances are independent, and the share reserve bill proposed by other states must follow the direction of the Trump administration, and the current Trump administration's direction has been very clear, so other states will also pass this bill one after another, with a scale of at least 10 billion, and Trump has decided so, and other younger countries will definitely follow in the footsteps of the big brother.
[爱心] Summary: The signing of this executive order is historic. Do not mislead others due to your own ignorance and inability to distinguish right from wrong. Soon we will see the audit results of the federal government's holdings, and each department will gradually implement the details of the executive order, as well as the content of tomorrow's summit. The morning market sentiment selling pressure has come to an end, presenting a good opportunity. After the emotions subside, the market will return to the internal structure. The long-term uptrend is not over, and the short-term bottom rebound is not over yet.
#GT 2024 Q4 Burn Completed #White House Crypto Summit #Trading Tips for Volatility