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QCP: Trump sets up a strategic BTC reserve, market short term pullback
QCP Capital Analysis pointed out that President Trump of the United States has signed an executive order to officially establish a strategic BTC reserve and a digital asset reserve in the United States. The initial source of funds is BTC seized by the government, with no additional funding for the short term. The market was influenced by the 'sell the news' sentiment, causing BTC to fall from $90,000 to $85,000. This move eliminates the uncertainty of the government dumping Silkroad-related BTC and reinforces the long-term strategic commitment to encryption assets. The market is following tonight's Non-Farm Payrolls (NFP) data, which may trigger fluctuations in risk assets.