OPINION: Trump fails to disclose crypto-strategic reserve details, if not in line with expectations the market may fall back again
Andrew Tu, head of sales at crypto market maker Efficient Frontier, said that the inclusion of XRP and ADA tokens in Trump's crypto strategic reserve plan was a surprise, in addition to the fact that many of the details of the plan are still unknown, including how much the U.S. government will actually buy and how it will fund the purchases. For now the crypto market has forgotten all about last week's pessimism, macroeconomic concerns are still a potential risk, and if the stock market falls similarly it could cause cryptocurrency prices to fall back again, if expectations don't match reality.
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
SpaceX reportedly sells shares appropriately, valuation may rise to $800 billions
Poland’s lower house fails to overturn President’s veto of the strict Crypto Asset Market Act
Bank of America: The market may soon start betting on a Fed rate cut in January