Why do Bitcoin decrease despite the pro -Crochs David Sacks conference?

However, the lack of immediate policy changes or leading ads disappointed, which led to sales.

David sacks disappoint the hopes of bitcoin traders – Does Elon Musk spoil the request for encryption?

Traders expect final steps, such as officially including bitcoin in American reserves or major tax reforms that prefer digital assets. But they were disappointed.

For example, the bags confirmed that the sovereign wealth fund has nothing to do with Bitcoin reserves, which comes to the hopes of direct institutional allocation in BTC. Moreover, while officials stated that they will explore the validity of the strategic bitcoin reserves, this market analyst has interpreted this political discourse, not a firm commitment.

In addition, the United States government has strengthened its broken interest in expanding Stablecoin all over the world, putting the US -backed digital assets as a superior alternative. Officials emphasized that Stablecoins can create trillion dollars in the US dollar and US weights, which enhances the global domination of the dollar instead of promoting Bitcoin as an alternative store to value.

“Elon Musk stated that the plan is to reduce $ 4 of the federal budget, Trump official wants to get out of the businessman’s hair while allowing the development of the economy and mentioning the goal of zero inflation by EOY 2025,” He said TCB, independent market analyst, adding: