- Trump’s Crypto Tzar confirmed that they will perform a BTC reserve feasibility.
- BTC again dropped below $ 100k after the press of Sacks in the midst of mixed community reactions.
President Donald Trump’s Crypto and Ai Tsar, David Sacks, held his first press conference on digital assets on 4 February, which called on mixed views of the crypto community.
In a press flanked by important congress leaders, including chairman of the Tim Scott banking committee, Sacks noted that they ‘evaluate’ the feasibility of Bitcoin Reserve. He said”
“One of the things that the president has instructed us to evaluate the idea of Bitcoin Reserve. We are still waiting for a few cabinet secretaries from the working group that are confirmed. ”
The crypto chef also repeated that the recently announced Sovereign Wealth Fund is separate from the Bitcoin[BTC] to book.
However, some in the crypto community were skeptical about this result.
No more Bitcoin -reserve?
According to Market Research Analyst, Jim Bianco, the officials used by the officials possibly presented ‘storage’ for BTC Reserve. He said”
“Trump said he would do a $ BTC reserve, don’t promise” evaluation. “Evaluating/studying is what Washington does if they don’t want to do something. $ BTC is falling ~ 5% since this announcement.”
Interestingly, Arthur Hayes, founder of Bitmex, repeated a similar sentiment and stated that Trump’s policy would take longer to materialize.
In a duplicate, the renowned macro expert Lyn Alden urged users to double on BTC and ignore the reserve. She stated”
“Long bitcoin. Fear the reserve. “
President Trump signed one at the office in his first week for perspective Crypto Executive OrderIncluding a likely ‘National Digital Asset Stockpile’ within 180 days.
Insiders such as Senator Cynthia Lummis begged that a BTC reserve needs a legislative framework that regardless of who is in power.
As a result, the initial high expectation of an American BTC reserve has evaporated within a hundred days. However, some leaders also criticized the skeptic reaction to the Sacks press.
Bitwise CEO Hunter Horsy, insisted The community to be patient for the likely fertile outcome of the expected crypto policy.
“The impatience of the crypto community is one of the great strong and large weaknesses. So much that this space has hoped is going on – but the mainstream does not move at the speed of months, not days. Good things come to those who can wait. ‘
That said, the chances of polymarket on an American BTC reserve in 2025 have fallen from a record of 65% on January 17 to below 50%, at the time of press.
In the same period, BTC was a local top between $ 108k and $ 109k.
