Bitcoin falls when volatility continues after Trump’s reserve plan

Bitcoin fell on Monday when the volatility in the value of the world’s largest cryptocurrency continues after Executive order signed by President Donald Trump To create a Bitcoin strategic reserve for the US.

According to Metrics, Bitcoin traded at $ 81,712, which is 5%, but at the previous minimum, at 9:42 am Singapore.

The reserve will be financed by coins that were confiscated from criminal and civil confiscations, and the US government does not plan to buy more bitcoin. Following the announcement of a strategic reserve last Thursday, Prices for the cry have fallen Because investors were disappointed, it wasn’t A more aggressive program.

Other cryptocurrency prices also fell on Monday. Both air and XRP It decreased by about 7.5% at about 9:43 am Singapore.

Some investors, however, stated that the step towards the reserve was bullish in the long run.

“I absolutely believe that the market is mistaken,” said Matt Hogan, Chief Investment CEO in Bitsue Asset Management, said on Monday, “Squawk Box Asia”. “The market is disappointed” that the government did not say that he would start buying 100,000 or 200,000 bitcoin immediately, he added.

Hugan showed on comments On X from the White House CRYPTO and AI Czar David Sacks, which said the United States will look for “neutral budget strategies for the acquisition of additional bitcoin, provided that these strategies do not have additional cost on US taxpayers.”

“I think the right question that needs to be asked: did this executive order be more likely that in the future Bitcoin will become a geopolitically important currency or asset? Will other governments follow the leading US and build my own strategic reserve?

“The reason for which it matters is that this is a question that determines whether the Bitcoin $ 80,000 per coin or $ 1 million per coin.”

Hogan called a decrease in the price of the cry “short -term failure”.

“I think the market will soon find its basis and realize that it is actually an incredibly bullish long -term asset and a cry as a whole,” he said.