Is A US Bitcoin Reserve Priced In? Analyst Shares Eye-Opening Facts

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Is A US Bitcoin Reserve Priced In? Analyst Shares Eye-Opening Facts - NewsBTC

Quick Summary:

According to the analyst, a Bitcoin reserve would expand the "pool of participants, certainly in terms of available capital.” This would have major global implications.[It] would be due to the arms race mentality that would develop.[…] The ETFs impacted Bitcoin’s price via easier access.

Related Reading: Coinbase Joins Push For US Bitcoin Reserve To Strengthen Economy MacroScope referenced a post from the previous year to bolster his argument: "It’s impossible for something to be priced in’ if a huge amount of capital literally doesn’t have access yet.

Senator Cynthia Lummis, a prominent pro-Bitcoin voice on Capitol Hill and author of the Bitcoin Act, recently stated in a podcast: "Wouldn’t it be fun if the US is buying Bitcoin and it scares China and Russia so they start buying Bitcoin and we have an arms race over Bitcoin instead of over weapons.” Adding to the optimism, David Bailey, CEO of BTC Inc.and a key advisor to Trump’s campaign on crypto assets, shared his expectations on X following President Trump’s pardon of Ross Ulbricht.