Hello Publish0xians,
Donald Trump took to social media and said, " Cryptocurrencies were going to be part of the forthcoming U.S. Crypto Reserve ". For a while the market hit numbers reflecting what went down Sunday.
With this idea the U.S Crypto Reserve will elevate the industry after years of corruption by an Administration, which is why The Executive Order on Digital Assests lead (Presidential Working Group) to move forward on a Crypto Strategic Reserve that includes Tokens in the market.
Saying that, Trump later that day states in his own words, " I will make sure the U.S. is the crypto Capital of the world !
That same day he also said, " Bitcoin & Ethereum are the most valued Cryptocurrencies, those will be the heart of the Reserve. Saying how he loves BTC and ETH. Resulting in spikes from pretty much the whole cryptocurrencies market.
Big Wig Bloomberg has labeled the recent rise and fall the " Trump Pump and Dump"
The problem with trumps strategic reserve involves seized assets gained during federal investigations. Things are leading to a revalue of Americas gold reserve and to dump some of that money into crypto, but that's daydreaming ideas.
Since the " Trump Pump & Dump " most of the tokens have fallen back into their slope of their ATH.
I'm looking forward to hearing your perspective!
Take care and talk soon,