Opinion: "Bitcoin becoming a strategic reserve asset of the United States" will not be realized in the short term. If Trump mentions it, it will be beneficial to the medium-term trend

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ODAILY
07-20
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Odaily Odaily News BlockTower Capital founder and CIO Ari Paul said that the news that the US government plans to hold Bitcoin as its strategic reserve may be "bullish" on its price, but it is unrealistic to achieve this goal in the short term. Paul said he was willing to bet at odds of 10:1 that the United States would not use Bitcoin as a strategic reserve in the next four years, but he believed that Trump might mention this matter at the conference, which is indeed very beneficial to the medium-term trend of Bitcoin. Paul further explained that while the next president may say that they "do not intend to sell" any Bitcoin currently held by the government, this does not mean that they are actually "building a strategic reserve of Bitcoin." (Cointelegraph)

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