US Dey Hold Bitcoin Reserves Till Global Pressure Strong Pass
US entrepreneur Mike Alfred talk say Washington go hold body before dem add Bitcoin reserves until rival countries move first, e need enough global pressure to make dem act. Even though dem get framework for strategic Bitcoin reserve wey come from former President Trump March executive order, government never finish the buys yet. Alfred talk say Bitcoin (BTC) go reach $1 million by 2033 and he expect say most central banks go put BTC as reserve asset. Analysts like Alex Thorn from Galaxy Digital dey think say US fit announce BTC reserve this year, but Samson Mow from Jan3 dey warn say if them delay till 2024, countries like Pakistan fit first beat US. On the other side, Singapore Exchange derivatives wing get plan to launch regulated cryptocurrency futures for November. This development dey keep Bitcoin reserves and crypto futures for front line of policy talks, fit affect long-term demand and trading plans.
Neutral
Even though di US government decision to hold off on building Bitcoin reserves fit reduce near-term buying pressure and fit small small affect spot demand, di underlying framework wey Trump executive order set and strong forecasts for governments to use BTC as strategic asset dey support long-term bullish fundamentals. Plus, Singapore Exchange upcoming regulated crypto futures fit increase trading volume and institutional participation. Overall, di announcement no too go cause big immediate price change, e mean say market reaction dey neutral. Traders suppose dey watch global pressure indicators and policy moves from other countries, because dem fit determine future reserve buys and sustained demand.