Bitcoin Stuns After Trump Executive Order, Crypto Investors Disappointed

thecekodok


A nightmare for cryptocurrency investors, Bitcoin began when the digital currency faltered after President Donald Trump’s executive order on Thursday on the highly anticipated digital asset failed to meet market expectations.


The order, which outlined a plan to evaluate the potential of a government “crypto reserve,” initially sparked optimism, sending Bitcoin up 2.7% to $106,850.


However, that momentum faded when the details of the order made it clear that it was only meant to evaluate the concept, with no concrete steps towards a Bitcoin reserve.


As a result, Bitcoin’s price began to fall by less than 1%.


Zaheer Ebtikar, founder of Split Capital, insisted that what crypto Twitter wanted was a bold move to buy, but what they got was a real bureaucracy.


Even more disappointing was a post from Senator Cynthia Lummis confirming her appointment as chair of the digital assets subcommittee but not bringing any new news or surprises.


For now, Bitcoin enthusiasts can only wonder, when will the United States government actually act and put their money on the blockchain?

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