#特朗普签署行政命令
An article to help you understand whether signing an executive order is a positive or negative.
Trump signed a proposal for Bitcoin reserves, and the market reacted differently; many believe it is a negative, but in fact, it is not. The following aspects are sufficient to explain this.
First, the United States has included Bitcoin in its national reserves, which is equivalent to an official acknowledgment of its rarity, on par with gold. This is a significant positive. As the world's number one power, the U.S. leading in Bitcoin reserves is likely to be followed by G20 allies and other countries. As a major competitor, Eastern powers will not lag behind in this area and are likely to follow suit in reserving.
Second, Bitcoin is currently the only rare asset that is both reserved by the government and publicly held by numerous enterprises. Gold is mainly reserved by central banks, with fewer enterprises publicly holding gold. After the U.S. government takes the lead, it is only a matter of time before other central banks follow suit in reserving Bitcoin, which will greatly enhance Bitcoin's market status and value.
Third, Trump's decision not to use taxpayer money to reserve Bitcoin is a wise move. If taxpayer money is used for purchases, the proposal may not pass in Congress, and if it fails, it would be a significant negative for the Bitcoin market. Moreover, with the U.S. government’s high debt and pressure from interest payments, if they borrow more to buy Bitcoin, it would negatively impact Trump's reputation and the subsequent trend of Bitcoin.
Fourth, one point in the proposal that may be overlooked is that the Secretary of the Treasury and the Secretary of Commerce have the authority to increase the quantity and value of Bitcoin reserves through various feasible methods. These two U.S. ministers hold significant power and participate in many foreign trade negotiations and meetings annually, so as long as Trump has the demand, increasing reserves is just a matter of time.
Finally, the cryptocurrency summit early tomorrow morning is worth paying attention to, with many senior officials and leaders from the crypto community attending, who are hoping for a positive direction in the crypto space. Don't blindly follow the trend; think independently to avoid being taken advantage of by large stakeholders. # Trump Signs Executive Order