Standard Chartered Bank Analyst: Trump creating a US national Bitcoin reserve fund is a "low probability event"
Standard Chartered analyst Geoff Kendrick said in an interview with the Financial Times that Trump creating a US national Bitcoin reserve fund is a "low probability event". However, since Trump's election victory, the cryptocurrency market has continued to rise, with Bitcoin prices increasing by more than 15% since November 6th and about 80% within the year. This growth rate surpasses traditional investments such as stocks and gold. Binance CEO Richard Teng believes that Trump's election victory is a "major win for cryptocurrencies", predicting an increase in cryptocurrency mergers and acquisitions during Trump's second presidential term. (cryptoslate)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grayscale DOGE and XRP spot ETFs to be listed on NYSE Arca on Monday
Grayscale transferred approximately 2,560 BTC and 8,091 ETH to a certain exchange's Prime platform.
