Last week saw historic crypto events: Strategic Bitcoin Reserve (SBR)/ Digital Asset Stockpile (DAS), a Crypto Czar appointment (David Sacks), and the first Crypto Summit.
You’d think that with such significant announcements, the crypto markets would respond positively and surge. Despite the developments, Bitcoin experienced a $5K drop as the limited policy details emerged, and some online voices were discussing being underwhelmed by the landmark events.
Are people thinking too short-term?
This is the early stage of any change. Remember, Fort Knox and its reserves weren’t built in a day, and this is maybe how we should be looking at the SBR and DAS. Bitcoin maximalists shouldn’t fear and may want to begin counting their blessings.
$BTC is starting to be viewed the same as gold. Could this analogy lead to a $BTC ‘God candle’ to the upside? If so, it could see altcoins like BTC Bull ($BTCBULL) hitch a ride on its coattails, potentially giving its investors big returns.
Are We Looking at History in the Making?
The President Of The United States (POTUS) Donald Trump made history on Friday, March 8th, by hosting the inaugural crypto summit.
Top players from the crypto world were in attendance, including Coinbases’s Brian Armstrong, Microstrategy’s Michael Saylor, the Winklevoss twins, and newly appointed AI and Crypto Czar David Sacks.
The summit demonstrates that Trump is working on his promises to make the US the crypto capital of the world and that he understands its value as a national asset.
Last week, the POTUS signed an executive order for the Strategic Bitcoin Reserve and the Digital Asset Stockpile to bring greater clarity and strategy to the assets held by the US Government.
It orders that departments of the US Government transfer all held pools of $BTC within 30 days to the reserve, and the Secretary of the Treasury will deliver a management plan for the assets’ future.
Bitcoin as Digital Gold, Is This the Future?
With such historic developments unfolding, why did $BTC drop instead of rallying? Given the scale of these announcements, a surge seemed inevitable.
Could it be that investors expected more concrete policy details, or is the market simply reacting with short-term uncertainty?
Concerns stem from the clear mandate that there will be no purchase of $BTC, which is what crypto enthusiasts were hoping for. Initial plans see that the reserve will be made of seized assets from criminal activities.
However, as Samson Mow (CEO of JAN3) highlights on X, there are other ways to acquire $BTC without purchasing. This means that the administration can remain budget-neutral on this front while still growing its crypto reserves.
If Trump wants to make the US the crypto capital of the world, that will require superhuman efforts. He won’t be able to rest on the accumulated supply and will have to increase the reserve.
Other countries are taking note of Trump’s plans and beginning to invest more in $BTC themselves. TerraNewsEN posted on the CoinMarketCap community forum that El Salvador purchased Bitcoin over the weekend.
With the current worldwide $BTC holdings shown in the image below, Trump will have to increase reserve funds if he is to overtake the current leader – China.
Are we about to see a bullish turn as competition hots up for $BTC, and what does this mean for the wider market? Will smaller altcoins like BTC Bull Token ($BTCBULL) see returns due to the increased activity?
BTC Bull Token To Cash In on Potential Bitcoin God Candle
If Bitcoin becomes the digital gold equivalent, BTC Bull Token ($BTCBULL) could benefit from any $BTC surges. So, you’ll want to purchase early to receive the most gains, and we can guide you through just how to do that.
Differentiating itself from the plethora of frog and cat meme coins and cleverly pulling on the ‘bullish’ terminology in crypto, BTC Bull Token charges in (sorry, couldn’t resist) and is ready to make an impact.
Branding itself as the ‘unstoppable force pushing Bitcoin towards $1M+,’ it has raised $3.4M in presales so far, and its token price sits at $0.002405 (a 2.34% increase for those who invested at the initial presale launch price of $0.00235).
Incentivizing its holders is a key facet of its strategy for success, with several rewards on offer for holders.
- Token holders get rewarded when $BTC passes through $25K milestones.
- When $BTC reaches $150K and $200K, holders can expect a $BTC airdrop straight to their Best Wallet. It’s important to note that the $BTC airdrops are only available for those holders who use a Best Wallet account.
- At $125K, $175K, and $225K, the developers will burn some supply to push the price.
- Dynamic staking rewards currently sit at a healthy 133% APY.
Make sure you don’t miss out on these passive rewards — after all, who doesn’t love a reward for doing nothing?
We’ll have to wait and see what happens in the long term, but the view that Bitcoin is the digital gold should certainly see the market shift upwards and positively impact altcoins like $BTCBULL. This would be even more so if we see a country gold rush to acquire the most crypto.
However, crypto is known for its ups and downs. You could see big gains, but you could also lose everything. Always do your own research before investing.
