2025, March 1 - March 7

ESTABLISHMENT OF THE STRATEGIC BITCOIN RESERVE AND UNITED STATES DIGITAL ASSET STOCKPILE: The White House finally announced. Since President Trump’s campaign fall of 2024, he has been promising for Bitcoin strategic reserve, which gives the United States a reference to an emergency fund like gold. This would be significant to the crypto market because it would theoretically make buying pressure driving the price of not only Bitcoin but other cryptocurrencies and tech stocks. Well, that may not be the case afterall. Last year’s Bitcoin conference promises so much yet does not address the major topics covered. This is because every decision would need a Congressional approval, Senator Lumis said. Actually making this true was very delayed, even saying he would do it the first day in office. The hype is long gone. Fear has been starting to show is now bearish in the short term. Implementing crypto into the US Government proves a massive step up for crypto, but this still doesn’t change the fear of the market. On March 6, when the reserve currency was announced, Bitcoin jumped up all the way up to $92,500 but dropped below the 90’s as soon as the next day came. The White House Crypto Summit was an absolute disappointment: Despite the hype of a gathering of industry leading figures like the Winklevoss twins, Brian Armstrong of Coinbase, Micheal Saylor, and etc., nothing significant was discussed nor was anything announced, only hoping for the “best.” Rumors like removing capital gains on American based crypto was not announced, the schedule to acquire 200,000 BTC every year to own 5% of alL Bitcoins in the world were not mentioned either. Selling any currencies were not mentioned nor did they say anything about buying. Investors became quickly disappointed because in the 2024 Bitcoin Conference, all these promises were either leaked or came out of the President’s mouth and instead are facing complete disregard. Perhaps the conference was only to gain votes instead of committing to a real pro-crypto government. The issue with the current market is that too much hype was created during the campaigns and now relies on the president [even though it seems to be following its natural cycle] for every price action.