Is the Strategic Bitcoin Reserve Really Going to Send Bitcoin Skyrocketing in Value? (The Answer Might Surprise You)
On the surface, the newly announced Strategic Bitcoin Reserve sounds like the perfect catalyst for sending Bitcoin (CRYPTO: BTC) higher for years to come. Now that it has the support of the U.S. government, shouldn't the world's most popular cryptocurrency soar in value?Unfortunately, it's more complex than that. In fact, in the days following the official announcement of the Strategic Bitcoin Reserve, the price of Bitcoin actually fell. So what in the world is going on here, and what does it mean for Bitcoin?Continue reading
On the surface, the newly announced Strategic Bitcoin Reserve sounds like the perfect catalyst for sending Bitcoin (CRYPTO: BTC) higher for years to come. Now that it has the support of the U.S. government, shouldn't the world's most popular cryptocurrency soar in value?
Unfortunately, it's more complex than that. In fact, in the days following the official announcement of the Strategic Bitcoin Reserve, the price of Bitcoin actually fell. So what in the world is going on here, and what does it mean for Bitcoin?
