Turbulence after the Signatures
Despite the initial excitement that prevailed in the markets after the announcement by Donald Trump that the US will create a Strategic Stockpile of Cryptos, the turbulence does not seem to have subsided in the crypto markets.
Traditional markets are in turmoil as a global trade war is in the works and this is also having an impact on the crypto markets.
The price of Bitcoin is between $84,000 and $90,000 and the other cryptos are at correspondingly lower price levels, compared to previous highs.
The goal of the Stockpile will be to collect 200,000 bitcoins and hold them to maximize their value in the future. In fact, Trump announced that citizens have lost $17 billion due to sales of cryptos in previous auctions from seizures.
When the purchases are made, we will also know how much of an impact it will have on the market……..
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