Trump Supports Bitcoin Reserves: A Double-Edged Sword for Global Recognition and Market Volatility

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In an interview, Coinbase CEO Brian Armstrong stated that President Trump is excited about establishing strategic Bitcoin reserves. He also mentioned that the world is moving toward a Bitcoin-based monetary standard. Any government holding gold should also consider Bitcoin as a reserve asset. This could further drive global recognition of Bitcoin and potentially encourage other countries to follow suit. However, on the other hand, could this move lead to greater market volatility? After all, the way governments participate in the crypto market is vastly different from that of private investors, with a much deeper impact. What do people think about this news—could it be a good thing or pose greater risks?

 

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