Did Bitcoin Just Get a Once-in-a-Generation Catalyst? Here's Why It's a Buy Now.
It's not a good idea to thoughtlessly follow in the footsteps of a big player when it announces that it's going to be buying, selling, or holding an asset, especially when it comes to cryptocurrencies like Bitcoin (CRYPTO: BTC). But there is one player in particular that's so large that it's simply not advisable to ignore when it commits to something.On March 6, President Donald Trump issued an executive order directing the establishment of a Strategic Bitcoin Reserve and saying that "Government BTC deposited into the Strategic Bitcoin Reserve shall not be sold..."Executive orders can be reversed -- by this president or a future one -- but I consider this a major move in favor of Bitcoin. Here's why it supports the idea of investing in Bitcoin and holding forever.Continue reading
It's not a good idea to thoughtlessly follow in the footsteps of a big player when it announces that it's going to be buying, selling, or holding an asset, especially when it comes to cryptocurrencies like Bitcoin (CRYPTO: BTC). But there is one player in particular that's so large that it's simply not advisable to ignore when it commits to something.
On March 6, President Donald Trump issued an executive order directing the establishment of a Strategic Bitcoin Reserve and saying that "Government BTC deposited into the Strategic Bitcoin Reserve shall not be sold..."
Executive orders can be reversed -- by this president or a future one -- but I consider this a major move in favor of Bitcoin. Here's why it supports the idea of investing in Bitcoin and holding forever.
