White House Adds BTC to Reserves—So Why Is Bitcoin Crashing?
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In a move that should've sent crypto markets soaring, the White House quietly added Bitcoin to its reserves this week. Yet BTC's price is tanking—hard. What gives?
Market Whiplash: Institutional Adoption vs. Price Action
On paper, this is bullish AF. The US government just legitimized Bitcoin as a reserve asset. But traders are dumping like it's a Mt. Gox anniversary. Maybe Wall Street's algos can't tell the difference between 'strategic accumulation' and 'impending sell pressure.'
The Cynic's Take
Classic crypto—where fundamentals go to die. The most powerful government on earth buys in, and the 'free market' responds with a 20% haircut. Somewhere in Miami, a VC just minted an NFT of this irony.
The White House Digital Asset Report released today and it has also delivered the biggest regulatory shift in crypto history: BTC will now be officially held in the U.S. Treasury’s balance sheet. Yet in a... Read More
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