GuShiio.com QCP Capital Analysis pointed out that U.S. President Trump has signed an executive order to formally establish a strategic bitcoin reserve and a U.S. digital asset reserve. The initial source of funding is BTC confiscated by the government, and there is no short-term allocation to increase holdings. Affected by selling news sentiment, BTC fell from US$90,000 to US$85,000. This move eliminates the uncertainty of the government’s sell-off of Silkroad related BTC and strengthens the long-term strategic commitment to crypto assets. The market is focusing on tonight’s non-farm payrolls data (NFP), which may trigger fluctuations in risky assets.
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