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Crypto Markets Are Misreading Trump’s Strategic Reserve, Says Bitwise CIO

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Crypto Markets Are Misreading Trump’s Strategic Reserve, Says Bitwise CIO - NewsBTC

Quick Summary:

Everyone Is Misjudging Trump’s Crypto Reserve Bitwise released its memo on March 4, titled "The Market Has This Wrong: Thoughts on Trump’s Strategic Crypto Reserve.” In it, Hougan points to overly narrow market interpretations as the principal cause behind the abrupt retracement.

In Hougan’s words: "The inclusion of speculative assets like Cardano feels more calculating than strategic.” Although the plan initially seemed like a vote of confidence from Washington, some crypto commentators—such as Coinbase CEO Brian Armstrong and Castle Island Ventures Founder Nic Carter—have questioned the rationale behind broadening the reserve beyond Bitcoin.

Hougan, however, believes that "the final reserve will be nearly entirely bitcoin, and it will be larger than people think.” He also underscores a broader point: The simple acknowledgment by the US government that crypto assets can be deemed "strategic” has potentially game-changing significance.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 11:00:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 757 words

Reading Time: 5 minutes read

Sentences: 75 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 26678197

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

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