Standard Chartered Bank Analyst: Trump creating a US national Bitcoin reserve fund is a "low probability event"
Standard Chartered analyst Geoff Kendrick said in an interview with the Financial Times that Trump creating a US national Bitcoin reserve fund is a "low probability event". However, since Trump's election victory, the cryptocurrency market has continued to rise, with Bitcoin prices increasing by more than 15% since November 6th and about 80% within the year. This growth rate surpasses traditional investments such as stocks and gold. Binance CEO Richard Teng believes that Trump's election victory is a "major win for cryptocurrencies", predicting an increase in cryptocurrency mergers and acquisitions during Trump's second presidential term. (cryptoslate)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The total on-chain holdings of US spot Bitcoin ETFs have surpassed 1.32 million BTC.
Yesterday, the net inflow of US spot Ethereum ETFs was $76.6 million.
Analyst: Bitcoin has bottomed out in the short term, a rebound towards $100,000 may occur

BlackRock IBIT holdings drop to 777,700 BTC