Opinion: Trump did not disclose the details of the crypto strategic reserve. If it does not meet expectations, the market may fall again.
This article is machine translated
Show original
Odaily reported that Andrew Tu, the sales manager of the cryptocurrency market maker Efficient Frontier, said that the inclusion of XRP and ADA tokens in President Trump's crypto strategic reserve plan was surprising, and many details of the plan remain unknown, including how much the U.S. government will actually purchase and how the purchases will be funded. The crypto market has already forgotten all the pessimistic sentiment from last week, but macroeconomic concerns remain a potential risk. If the stock market also declines, it could lead to a further drop in cryptocurrency prices. If expectations do not match reality, the market may fall back again. (CNBC)
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content