SBR Tease: Market Reacts with Confusion and Volatility to Trump first Crypto Executive Order!
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from last 3-4 days after inauguration all I'm seeing on my feed is people talking about "bull run top is in" and bitcoin should just fall of the cliff.
But today is where it all changed again as they say it takes one news to turn the whole market sentiments change
We got a lot of headlines and I'm here to talk about how the whole market sentiments are out there and what it supposed to do to my bags I'm holding right now.
$5K increase in bitcoin on SBR announcement speculation?
The day started with senator synthia lummis teasing us with a tweet of announcement of an announcement and everyone thought it's about strategic bitcoin reserve
Hence bought bitcoin or longed with high leverage
But it turned out nothing like strategic bitcoin reserve, it was just she's now going to chair the Senate Banking Subcommittee on Digital Assets.
She's basically the one pushing "SBR" in senate and now when she's appointed as chair of digital assets committee I think we can speculate some sort of bills about bitcoin sooner or later.
Well the market fully retraced the news because it wasn't actually SBR, everyone was disappointed except those who made money from it.
Just a tease of what's coming?
Now we know that people are waiting to buy once that SBR news hit the market. It's not priced in and we are trading under highs just tells a lot about the ongoing accumulation
It's not the "supply zone" and top of the bull cycle as most people are saying Everytime bitcoin is close to $99k.
Crypto Digital Assets Stockpile EO turned out Bearish?
So we finally got our first crypto executive order signed by the trump today and the good news is they're evaluating to create strategic digital stockpile for crypto
But market is showing weakness I didn't expected at all
Instead of going up bitcoin decided to go down like this new was nothing
First pump was by synthia lummis and than it retraced but again trump executive order about crypto pushed for highs but didn't break and now back to where it was.
All this happened in last couple of hours, I don't see any reason to be bearish.
BlackRock CEO wants to Tokenize Stocks, Clear Crypto Regulations, No CBDC
Larry Fink is saying bitcoin can be at $700k because it's going to be the safe heaven when fiat is losing value
And the next day he says SEC should just open door for them to Tokenize Stocks through crypto
Now SEC is working on clear crypto regulations and this new executive order clearly mentioned No central bank is allowed to promote CBDC or they can't launch it.
It just makes more sense to be bullish crypto while stocks market is already printing new All time highs.
Wrapping Up...
In the end I'm buying everyday as much as coins possible without having that fear "what if we crash and it's bull run top" I've been fooled by this thought before but not this time
Signs are everywhere to stack sats whether it's bitcoin, hive or other crypto. We're going to see a lot higher prices than it is today.
I'm curious what's your thoughts are about the market as we got new executive order signed by trump. Do share your thoughts in the comments.
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