- Trump’s Bitcoin Strategic Reserve announcement gets mixed reactions.
- Robert Kiyosaki remains bullish on Bitcoin (BTC) and accumulates more.
- Some analysts have turned bearish at this new announcement.
The crypto community is having mixed responses to Trump’s confirmed move to create an official Bitcoin Strategic Reserve announcement. On the one hand, this long-awaited wish has come true and legal acknowledgment, holding, and accumulation of the pioneer crypto asset could be very bullish. On the other hand, is a trap brewing for small holders?
Trump’s Official Bitcoin Strategic Reserve Receives Mixed Reactions
In response to Trump signing an executive order to officially create a Bitcoin Strategic Reserve in the USA, Trump has shown his promise to make America a major crypto hub by taking many measures to foster crypto innovation in the nation. From firing Gary Gensler to hosting a Crypto Summit at the White House, Trump has surely taken his title as the first US Crypto President very seriously.
However, skepticism has risen in the crypto community as the same US Crypto Strategic Reserve announcement earlier this week led to BTC price pumping from $82,000 to $92,000 only to fall back to $82,000 in a single day. This leads some analysts to believe that a lot of market manipulation is in play, which is possibly delaying the inevitable crypto bull pump, and could lead to another heavy correction phase.
Robert Kiyosaki Remains Bullish
In contrast, other reputed economic experts like the author of Rich Dad, Poor Dad, Robert Kiyosaki says that Trump’s move is indeed bullish news and that only losers will sell at this point. As we can see from the post above, he promises to buy more BTC instead. Even analysts that have turned bearish cannot deny that BTC will turn a massive profit in the long run.
