Market Experts Weigh in On Trump’s Strategic Bitcoin Reserve that Takes Out $ 17b in Potential Selling from BTC

White House Crypto and Ai Czar David SAIDS SAID ON X THAT The Stockpile Will Also Include Other Coins Forfeeded in Criminal or Civil Proceedings Or of Other Coins.

Access to Arkham Intelligence, The Us Government Currently Holds 198,000 Bitcoins Worth About $ 17.3 Billion. Treating the Same As Reserve Essential Takes Over $ 17 Billion in Selling Pressure from the Market.

Still, Bitcoin Extended Losses, Hitting Lows Near $ 84,700, Reflection Investor DisappPointment Over the Lack of New BTC Purchases for the US Government. PRICES, However, Have Recovered to $ 87.600 AT Press Time in HOPES THAT TRUMP WILL ANNOUNCE A FAVORABLE CRYPTO TAX Policy at Friday’s White House Crypto Sumit.

HERE IS What Market Pundits Had to Say About the Strategic Reserve.

Valentin Fournier, Analyst at Brn

“The Executive Order Has Disappointed Somee Investors, As It Explicitly States that The Government Will Not Acquire Additional Assets Beyond Those Obtained Thouhhh. Created Confusion, Weighting on Market Sentiment and Leading to A 4% Daily Decline in Bitcoin, Ethereum, and Solana. ”

“Commerce Secretary Howard Lutnick Has Been Authorized to Develop A Budget-Neutral Strategy for Acquire Additional Bitcoin. Given Lutnick’s Strong Ties to Bitcoin. This Could Signal A Hidden Acumulation Strategy by the US Government, Potentilly Igniting A Parabolic Rally. ”

Dick Lo, CEO OF QUANT-DRIVEN DIGITAL Assets Trading Firm TDX Strategies

“Initial Disappointment As the Market Had Built Up High Expectations Leading Up to The Announcement. However, The News Is Unambigous Positive How It Wound Be Funded;

“Potential Further Positive AnnounCements to Come from The Crypto Summit: More favoraable Tax Taatment Towards Crypto.”

Andrew O’neill, Digital Assets Managing Director, S&P Global Rathings

“The Signification of this Executive Order is Mainly Symbolic, As It Marks the FIRST TIME BITCOIN IS FORMALLY RECOGNized AS A reserve asset of the United States Government. Currently, The Reserve Will Only Include Bitcoin Already Owned by the Us Government, Special Btc Forfeed Through Criminal or Civil Procedures. The Order Commits to Holding This Btc As A Reserve Asset Without Selling It.

“However, The Order Does Contemplate The Possibility of Acquiring Addrational Bitcoin for The Reserve, Provides It Can Be in A Budget-Neutral manner ACQUID NOR A TIMELINE.

Jeff Anderson, Head of Asia at Sts Digital

“Market is Re-Pricing Tail Risk Now That Us Won Be Actively Buying Btc. The BVIV [the 30-day implied volatility index] is Down 6 Vol Points This Morning. ”

Mena Theodorou, Co-Funder of Crypto Exchange Coinstash

“Trump’s Signing of An Executive Order for A Strategic Crypto Reserve Marks A Significant Shift in The US Government’s Approach to Digital Assets. IT ESTABLISHES A strategic reserve for Digital assets likely bitcoin, recognizing it value as a Hedge Against Inflation WHILE ALSO Creating A Digital Asset Stockpiles. and Sol. ”

“However, Investors Shouldn’t Get Ahead of Themselves Just Yet. This Executive Order Will Not See of the Immediate Purchase of New Assets, Insthead, It Will Primarily Manage Assets An Audit Requirement for Transparency, This Approach Addresses Past Concerns About How Confiscated Crypto Was Handled. ”

“This Initiative Highlights a Long-Term Commitment to Digital Assets, Potentally Boosting Institutional Adoption with the Government Needing to Pukchase Addings for this Stockp. Announcement, IT Could Lead to Increasted Volatility in the Short Term.

Sean Farrell, Head of Digital Asset Strategy at Funstrat

“They Away with The Silly Idea of ​​Using TaxPayer Money to Acquire Btc. I Love Corn But We Sholdn ‘. Important than 200k of Supply Being Taken Off The Market. [It] Further Legitimizes the Asset for Institutional Investors That Are Perhaps Still on the Face. ”

Jeff Park, Head of Alpha Strategies at BitWise Asset Management