From skepticism to active support: The United States creates strategic reserves for cryptocurnancy

The Trump Administration Once again, the Market Crypto with new initiative is amplified. Over the weekend US President announced the creation of a “strategic cryptocurnent reserve”, which will include digital property such as Bitcoin, Etherum, Ripple, Solana and Cardano. These new steps are aligned with Donald TrumpThe goal of US making the United States “Cripto capital of the world”.

As a result of this announcement, the price of some cryptocurries has increased: Bitcoin reached $ 93,000, while Riplle and Cardano Video significant gains, and Ethereum increased by 11%.

No doubt, the initiative announced Abdomen has revitalized the entire industry, because the crypto market hit the bottom rock bottom. “The Cripto Fear and greed index He fell from 55 (neutral) to 21 (extreme fear) in less than a week. Last Friday Bibit Hack Trust of investor confidence, compiled by the growth of uncertainty above tariffs Mexico and Canadawho will really take effect, adding anxiety in the market “, recognized Simon Petersanalyst at etoroJust three days ago.

These negative feelings were also evident in Bitcoin’s The price, which held the level of support for $ 92,000 support. Criptocurrency fell 20% of its all times of $ 109,300. According to experts, the 35% correction could reduce it to about $ 70,000.

Sex clearly shifts her attitude to cryptocurrency

Cripto Industry Experts point out that these initiatives reflect the transition to AbdomenAttitude on cryptocurrencies, from initial skepticism in 2019 years to active support today, with the aim of making Us “Cripto capital of the world.” A clear example of this shift is that Abdomen is set to host The first cripple summit in White house Next Friday – the first such event organized by a US President.

Another example of this change in approach includes Coin. Last week, the SEC He announced that he agreed to reject his case of execution against the company. “If incoming SEC Chairman Paul Atkins approves the decision, the dismissal will mark the end of the “regulation” by applying “access led ex SEC Chairman Gary Gensler“Explains Frank DrevaDirector of Analysis for The Internet at the next generation in ARK.

Toward GreasyDuring Gensler’s Mandate-since April 2021 to 20. January – SEC submitted numerous cases against Coin and its competitors, introducing that the digital exchange of funds and putting companies are violated Us Laws on securities. “Despite the efforts of good faith to comply with the ambiguous security regulations applied to digital assets, cases against these companies continued. Now, a CRIPTO-Custom Administration He took the lead. Several accounts for the stabilage and structure of digital property are expected to move quickly through Congress under the control of the RepublicProviding regulatory clarity companies in the sector. In our opinion, the transition to Legislation and regulation of healthy sense will expedite the adoption of public blockers, used investment strategies to significant digital property exposure ” Greasy Notes.

CRIPTO ETFS: Unstoppable success

A clear sign of a favorable environment for crypto assets is to move into Passive investment vehicles. Toward State street projections, growing demand for Cripto Etfs will soon outlast property in Variable metal ETFS in North Americaby making them Third largest classes of assets In only the ETF-after only behind Stocks and bonds.

Bitcoin and Etherum Etfs are presented in Us just last year, yet they already accumulated $ 136 billion of propertyDespite the recent market correction. State street They also forecast that SEC will approve more CRIPTO-SPECIFIC ETFS This year with Litecoin, XRP and Solana be most likely to receive Spot ETF ApprovalGiven that many times US ETF providers have already submitted applications for these products.